$12120 is the annual amortization expense
<u>Explanation:</u>
The following formula is used to calculate the annual depreciation expense that will be recorded in the books of accounts
Depreciation = ( cost of the asset minus salvage value) divide by number of years.
Given data in the question: number of years = 10, cost of the asset = $124000, salvage value = $28000
Putting the figures in the formula,
Depreciation expense = ($124000 minus $28000) divide by 10
After solving, we get = $12120
Thus, annual depreciation expense = $12120
Answer:
The answer is $47.6
Explanation:
Solution
Given that
You bought = 140 shares of Mitchum Trading for $50.07 per share
The quarterly dividend = $.17
The current price = $51.03
So we find the total dividend income you received which is computed below:
The total dividend received = (0.17 * 2) * 140
=(0.34) * 140
= $47.6
Therefore the total dividend of income that you received is $47.6
Corporations get cheap, and resell for more to earn a profit, Non profit organizations usually buy and resell for what they paid for or even less, sometimes free, for example some Bible publishers. Their intent is to make something available for everyone <span>to further a particular </span><span>social cause</span>
1. Communication
2. Loyalty
3. Honesty
