The current portion of the long term liabilities are included in Current Liabilities.
<h3>What are long term liabilities ?</h3>
Long term liabilities are monetary obligations of a company that has to pay after an year.
Current Liabilities are those liabilities which have top be paid in the present financial year .
It includes the short term borrowings , accounts payable , expenses , notes payable etc.
The current portion of the long term liabilities are included in Current Liabilities.
Like the interest of a long term loan of this year is a long term liability in the current year.
To know more about Long term Liabilities
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<span>The annual depreciation expense is $9,000, calculated as follows Cost of the asset is $80,000 less $8,000 salvage value which reduces the cost to $72,000. Useful life is 8 years. To determine annual depreciation expense using straight-line method, divide asset cost of $72,000 by 8 years of useful life equals $9,000 per year.</span>
Answer:
4.5 dollars (before tax id assume)
The answer would be x = 4 miles.