Answer:
$12,500
Explanation:
Depreciation Expense = (Book Value of machine - Residual Value)/Useful Life
= ($34,000 - $2,000)/8
= $4,000 per year
Depreciation Expense for years 2017 & 2018 would be $4,000 X 2 = $8,000
Net book Value on January 1, 2019 = $34,000 - $8,000 = $26,000
New Residual Value = $1,000
New Useful Life = 8 - 2 - 4 = 2 Years
Depreciation expense for 2019 = ($26,000 - $1,000)/2 = $12,500
Answer: True.
Explanation:
With the rise in the use of email to communicate during a business transaction, the hard-copy message still has a higher value than the emails: this is because hard copy messages can easily be kept for reference purposes and also they most times bear the stamp and signature of the person(s) transacting the business.
The lasting impact resulting from 20th-century banking reforms in the United States is "the reforms approved the Board to determine reserve requirements and interest rates for deposits at member bank."
The banking reforms made in the 20th century in the United States are many, and many of these reforms are still applicable today.
Some of the lasting effects of these reforms include the following:
The Board of Governors to determine the monetary policy.
The reforms established the Federal Deposit Insurance Corporation.
The reforms also separate commercial banks from investment banks.
Hence, in this case, it is concluded that the many banking reforms made in the 20th century still exist today.
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Answer:
The capitalized cost is $ 84,667.20
Explanation:
First of all please note that the cost of $ 75,000 is already the present cost.
The cost of $3200 which occurs every 3 years can be converted into a value using factor A/F for one life cycle.
The capitalized cost then can be calculated as follows
:
CC = $ 75,000 + $ 3200(A/F, 10%, 3 years)/interest
CC = $ 75,000 + $ 3,200(0.3021)/0.1
CC = $ 75,000 + $ 9,667.2
CC = $ 84,667.20
Answer:
Given that Honduras is a small economy in Central America, and it keeps a fixed exchange rate with the US, and capital is perfectly mobile, but interest rates are three percent in the US and six percent in Honduras, the explanation of the difference in these interest rates are as follows:
Honduras has a higher interest rate, meaning that its sovereign bonds pay higher values than the American ones, as well as its banks also pay higher interests on their investments compared to American banks.
This is so for a double reason: on the one hand, because the Honduran economy is less reliable than the American economy, which is larger and therefore more solvent and capable of overcoming eventual crises, with which the risk of default is less.
On the other hand, the Honduran economy is more dependent on foreign investment, so it must offer higher interest rates to attract such investments.
