Answer:
To create job opportunities
To earn or make profit
To new skill upskill
To demonstrate the value of entrepreneurs
Explanation:
Answer:
The depreciation expense for 2019 will be $12000.
The accumulated depreciation at the end of 2019 will be $24000.
Explanation:
Under the straight-line depreciation, the depreciation expense per year remains constant through out. The depreciation expense per year can be calculated using the following formula:
Straight-line depreciation expense per year:
(Cost - Salvage value) / estimated useful life
Depreciation expense per year = (64000 - 4000) / 5 = $12000 per year
The depreciation expense for 2019 will be $12000.
The accumulated depreciation at the end of 2019 will be the depreciation expense for 2018 and the 2019.
The accumulated depreciation at the end of 2019 will be,
12000 + 12000 = $24000
Answer:
$78
Explanation:
Gifts made to customers or employees are deductible up to $25 per customer or employee:
- Darryl $25 + $3 in wrapping costs
- gifts to Darryl's wife is not tax deductible
- Sarah $25
- Veronica $25
total tax deductions = $78
Answer:
time t = 28.72 years
Explanation:
given data
Present Value = $21,500
Interest Rate = 11%
Future Value = $430,258
solution
we will apply here future value formula to find out time period that is express as
future value = present value × 
.....................1
put here value and we will get
$430,258 = $21,500 × 
20.012 = 
take ln both side
ln (20.012) = t × ln(1.11)
t = 
time t = 28.72 years
