Answer:
A. $29,000
B. $19,720
C. $69,000
$34,500
Explanation:
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
($138,000 - $22,000) / 4 = $29,000
Unit of activity = Cost of asset - Salvage value) / Total working hours
= ($138,000 - $22,000) / 10000 = $11.6
$11.6 × 1700 = $19,720
Double declining method = Depreciation factor × net book value
Depreciation factor = 2 × (1/useful life)
2(1/4) = 0.5
0.5 × $138,000 = $69,000
Net book value = $138,000 - $69,000 = $69,000
Depreciationexpense for the second year = 0.5 × $69,000 = $34,500
I hope my answer helps you
Explanation:
For enjoying and enjoying the time of your life
Answer:
its easier to receive a bachelor's degree there.
Answer:
a. Finance Bank
Explanation:
According to Statute of Fraud, the agreement must be in writing to be within the statute and enforceable. The oral contracts are usually enforceable but the transfer of land needs to be in writing to be enforceable according to law of Statute of Fraud. If the contract is in writing it would be adequate to be enforceable. While the contract with bank must have some written form which will make it enforceable contract by the finance bank.
