Answer:
Depreciation for
2017 = $2,540
2018 = $10,160
Explanation:
Provided, Total cost of the machine = $77,980
Estimated salvage value = $6,860
Therefore, value to be depreciated = $77,980 - $6,860 = $71,120
Total life of asset = 7 years
Depreciation for the year 2017 = October to December = 3 months
Depreciation for the year 2018 = 
= $10,160
Under straight line method depreciation is fixed for each year, but in the given case in 2017 the asset is used only for 3 months, thus depreciation will be charged for 3 months only.
Final Answer
Depreciation for
2017 = $2,540
2018 = $10,160
Answer:
This question is incomplete, here are the missing answers:
<em>a. medium of exchange</em>
<em>b. unit of account</em>
<em>c. backed by a precious metal</em>
<em>d. store of value</em>
<u>The answer is </u><u>c.</u>
Explanation:
Money has three general functions (characteristics):
- <em>medium of exchange</em> - Mainly created as the substitute of barter, money has the elementary use as an intermediary when exchanging goods or services.
- <em>unit of account</em> - In order to compare the value of certain goods and services, it is essential to measure them. This is where money applies as unit of account.
- <em>store of value </em>- Given that the money is stable (purchasing power and limited inflation), it is a general option for storing value. That means it can always be easily exchanged into goods or services, no matter the time.
According to basic elimination, <u>c. is the correct answer</u>. Also, it is also known that <em>backing money with gold</em> or silver reserves is an old practice which is irrelevant for most currencies nowadays. Today, the government is backing up the value of its currency. Such money is called <em>fiat money</em>.
"Critical thinking" is one skill or ability among the following choices given in the question that Shannon will need the most to be effective in this position. The correct option among all the options that are given in the question is the first option or option "a". I hope that this is the answer that has come to your great help.
Answer:
The nameplate will be worn in a comparable position on the Class B uniform. Ribbons: Ribbons are to be aligned with the bottom row of the ribbons centered horizontally on the wearer's left side and even with the top of the first exposed button and spaced 1/8 inch between each row.
Answer:
A.
Explanation:
In a perfectly competitive market, buyers and sellers are free (by definition) to enter or leave the market as they choose.
That is, individuals are neither forced into nor prevented from engaging in a certain business, provided they have the expertise and the financial resources required.
A perfectly competitive market has the following characteristics:
-There are many buyers.
-There are many sellers. Firms can freely enter or exit the market. All sellers sell the same or similar products. It means that the goods offered by the various sellers are largely the same.
-Firms can freely enter or exit the market.
