Answer:
132,000$ will be recorded by west as amortization expense for the year.
Explanation:
Depreciation/amortization is systematic allocation of cost of asset over its useful life. In this case asset cost is not given so we assume that PV of lease payment is equal to market value (660,000 dollars) of asset.
In case of leased asset the useful life taken for calculation of depreciation is lower of 1) Useful life 2) Lease term as per applicable accounting standards.
So we have taken 5 years to charge depreciation on Straight line method.
Hence by dividing 660000 by five we get our answer.
The question that is asked along the horizontal axis of the markets-and-technology framework is, Does the innovation build on existing technologies or create new ones?
An employer technology framework defines the era services and features (IT abilities) required to aid the business applications and statistics, which includes common (or shared) application offerings, not unusual records offerings, not unusual system services, network offerings, safety services, Platform services.
By the use of era, we can broaden the era-related functionality and also can integrate it with other technologies. but the framework is a set of libraries as a way to provide a scratch-level implementation using one or extra technology and also offers first-class lessened improvement time.
The technology framework is based totally on the idea that generation is an aid and the generation base of a company represents the technological information that wishes to become products, approaches, and offerings through technological capabilities advanced via effective TM.
Learn more about the technology framework here brainly.com/question/13844818
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Answer:
lol umm i knew it but then forgot
Explanation:
Answer:
Correct answer is d, the assets are sold, liabilities paid and business operations terminated
Explanation:
The partnership liquidation occurs when the day-to-day operation is closed for good. Part of liquidation's process is to sold the partnership's assets and paid all creditors (outside and partners) and divide the excess to the partners based on the profit and loss ratio or if there is still existing obligation to the creditors, the partners will pay it using their personal assets (applicable to general partner only). This stage, the life of the partnership ceased to exist.
