Answer:
The pension expense for 2021 = $543,500
Explanation:
Service cost = $523,000
Amortization of prior service cost = $113,000
Settlement rate = 11%
Projected benefit obligation = $1,450,000
Accumulated benefit obligation = $3,600,000
Note: The necessary calculations are in the table attached as a file to this solution.
Answer:
$2914
Explanation:
The following steps would be taken to determine the answer
1. Calculate depreciation expense given the initial information
2. calculate the accumulated depreciation by the second year. Accumulated depreciation is sum of depreciation expense
3. subtract the accumulated depreciation from the cost price of the asset. This would give the book value
4. calculate the depreciation expense using the new information and the book value
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
($9,920 - $1240) / 5 = $1736
Accumulated depreciation = 1736 x 2 = $3472
Book value at the beginning of 2021 = 9920 - 3472 = $6448
Depreciation expense in 2021 = (6448 - 620) / 2 = $2914
If Daniel took the cash, he could be found guilty of the crime of embezzlement. Embezzlement is a specific type of theft. It is when someone was entrusted with someone else's property (like an employer) and they steal some/all for their personal benefit.
Hope this helps! :)
Answer:
The central government is, essentially, the public body in charge of managing the nation's resources and controlling compliance with the laws. In other words, it applies its power within the entire national territory, but in turn delegating certain powers to state and local governments, which have a much stronger contact with the population of cities and states. Thus, within the regional development process in each nation, local and state governments are the main executors of development policies, but with the supervision and guidance of central governments.
Answer:
Gain reported in 2019 is $200,000
Explanation:
The amount gained on Diamond's shares in 2017= (60-50)* 10,000= $100,000
Amount gained on Diamond's shares in 2018= (65-60)* 10,000= $50,000
Amount gained in 2019= (70-65)* 10,000= $50,000
So total gain reported in 2019= 100,000+ 50,000+ 50,000= $200,000
