Someone who nourishes and evokes the best qualities in people
The two plane tickets represent a scarce resource because there are three of them who are going to Philadelphia and it needs three tickets to fly over there. The available resources that they have are not enough for them to realize their desire to watch the show in that place.
The answer is Major Medical Expense Insurance. This is a health insurance policy that finances medical
expenditures sustained in wounds, disastrous occurrences or lengthy sickness, giving benefit
disbursements beyond the base sum funded by the insurance company.
This insurance encompasses more than doctor appointments
and surgical measures. Most plans cover approximately or entirely
your medicine drug charges plus services linked to health care.
Answer:
$104,318.10
Explanation:
For computing the putting amount now i.e present value we have to applied the present value formula i.e to be shown in the attachment below:
Given that,
Future value = $580,000
Rate of interest = 10%
NPER = 18 years
PMT = $0
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value is $104,318.10
Answer:
$575
Explanation:
Straight line method charges a fixed amount of depreciation using the formula :
<em>Depreciation expense = (Cost - Residual Value) ÷ Useful Life</em>
2017
Deprecation expense = $820
2018
Deprecation expense = $820
2019
<u>Calculate depreciable amount :</u>
<em>New depreciable amount = Previous Depreciable Amount - Accumulated depreciation - Increase in Residual amount</em>
= $4,700 - $600 - $1,640 - $100
= $2,300
<u>Determine the New useful life :</u>
Since 2 years have already expired, the new useful life out of the revised 6 years is 4.
<u>Depreciation Expense calculation :</u>
Depreciation Expense = Depreciable Amount ÷ Useful Life
= $2,300 ÷ 4
= $575
Conclusion :
The amount of depreciation expense for the year 2019 is $575
