Answer:
the depreciation expense for 2022 is $3,000
Explanation:
Straight line method of depreciation charges a fixed amount of depreciation over the period of use of an asset.
Depreciation Expense = (Cost - Residual Value) / Number of useful life
= ($81000 - $21000) / 5
= $12,000
The Annual depreciation charge for this machine will be $12,000 for each of the years that it is used in the business.
However since it was paced in use during the year that is 1 October, we have to apportion the Annual charge withe number of months that its has been in use during 2022.
It has been used for 3 months thus depreciation charge is :
Depreciation = 3/ 12 × $12,000
= $3,000
Answer:
first-mover advantage
Explanation:
First-mover advantage refers to the strategic advantage achieved by the first company that occupies a market segment. In order for a company to gain first-mover advantage it must be the first company to enter a market or at least be the first company to gain competitive advantage in that market.
Unidice is the first company to gain competitive advantage in the data system market because its processing speed is much higher than its competitors.
Sometimes you don't need to be the first one to enter a market, but you need to be the first one to do things right. For example, Microsoft introduced the Surface tablet almost a decade before Apple introduced the iPad, but Apple did it right, therefore Apple gained first mover advantage.
Complete Question:
A. According to census data, the percentage of Southville's population that lives in rural areas has gradually been shrinking.
B. The standards for obtaining a mortgage loan in Southville have been more stringent compared to many other countries.
C. Prior to the crisis, the prices of existing homes also increased in proportion to the prices of new homes in Southville.
D. A large proportion of home buyers in Southville were individuals who already owned one or more houses.
E. The inflation-adjusted real wage in the construction industry increased by 10 percent prior to the crisis.
Answer and Explanation:
Options A and D would weaken Bob's argument. The reason why option A would weaken Bob's argument would be because Bob said that the population is increasing whereas the according to the census data, the population has gradually been shrinking.
The reason for option D is that the individuals who already owned houses were buying new houses. So what was the need for them to buy additional new houses?
Answer: B. Was formed
Explanation:
Limited liability companies that are doing business in the states other than the states that they registered originally may have to seek the status of foreign LLC in such states.
Therefore, since Paving LLC is a foreign limited liability company in the state of Ohio. In dealing with Paving, Ohio will apply the law of the state where the firm was formed. Therefore, the correct option is B.
