- The annual depreciation expense is $17,000.
- The book value at the end of the twentieth year of use is $425,000.
- The depreciation expense for each of the remaining 20 years is $20,000.
<h3>What is the annual depreciation expense?
</h3>
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
Annual depreciation = ($765,000 - $153,000) / 36 = $17,000
Book value in the 20th year = cost of the asset - accumulated depreciation
765,000 - (17,000 x 20) = $425,000
Depreciation expense for each of the 20 years = (book value - new residual value) / new useful life
(425,000 - $25,000) / 20 = $20,000
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Answer:
A market economy functions under the laws of supply and demand. It is characterized by private ownership, freedom of choice, self-interest, optimized buying and selling platforms, competition, and limited government intervention.
Nancy, who was a Viagra saleswoman in Utah before moving to Florida, would be considered <u>frictionally unemployed</u>.
<h3>What is frictional unemployment?</h3>
Frictional unemployment exists in a situation when a person could be gainfully employed but decides to seek employment elsewhere.
The movement from employed status to seeking employment creates frictional unemployment.
Thus, Nancy, who was a Viagra saleswoman in Utah before moving to Florida, would be considered <u>frictionally unemployed</u>.
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<span>The marketing approach employed by Highland Green best exemplifies niche marketing. This approach best exemplifies niche marketing because niche marketing is defined as marketing to a narrow market segment and focusing on their small group, but specific needs. These segments are typically smaller compared to the total market of all products because they only serve a purpose for a small amount of people. </span>
A. Affordability of Retirement