Goods and services were exchanged through a BARTER SYSTEM. Barter is a system in which goods and services are exchanged for other goods and services without using any medium of exchange such as money. Reciprocal exchange is often immediate and not delayed.
Answer:
Annual depreciation= $420,000
Explanation:
Giving the following information:
The cost of an asset is $1,050,000, and its residual value is $210,000.
The estimated useful life of the asset is four years.
To calculate the depreciation expense using the double-declining balance, we need to use the following formula:
Annual depreciation= 2*[(book value)/estimated life (years)]
Annual depreciation= 2*[(1,050,000 - 210,000)/4]
Annual depreciation= $420,000
D.a trade deficit
When the value of a country's exports exceed the value of its imports, the country is experiencing:a trade deficit
Vanessa Grant is responsible for controlling expenses, but is not responsible for generating revenues. Vanessa Grant is a manager of a(n):
Cost Center
What do you mean cost center?
A cost center is basically a department or function under an organization that do not directly increases profit but still costs the organization money to operate. Cost centers only provide to a company's profitability indirectly, unlike a profit center, which gives to profitability directly through its actions.
What is an example of a cost center?
Instances of cost centers contains the accounting, human resources, IT, maintenance, and research & development departments. A cost center can be assumed at a smaller level than a department. It could contain a particular job position, machine, or assembly line.
Learn more about cost center:
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Answer:
Actual level of activity which is 290,000 units
Explanation:
Although budgeted was 300,000 units, in order to understand the efficiency of labour in terms of the number of direct labour hours used, it must be flexed in order for it to be comparable.
for example they used only 135,000 units instead of budgeted which is 150,000 but although that is good, it does not tell us all the story, we will also consider the fact that they produced lesser quantities than planned which is 290,000 rather than 300,000.
