Answer:
$79,800
Explanation:
Depreciation expense using the activity method = (actual hours of use in a given period / total estimated hours of use ) × ( Cost of asset - Salvage value)
(1500/10,000) × ($560,000 - $28,000) = $79,800
I hope my answer helps you.
Answer: Will report a liability of $5000 for judgement debt and a claim of $11,000
Explanation:
The liability refers to the obligations of the firm which are certain is going to make payment as compensation.
The $5000 liability, although payment has not been made it's already Incurred by the company under the acural concept.
The claim of $11,000 is only probable and not certain even though amount and time of execution can be estimated, since it's not certain it will only be recorded as a claim in the goverments fund balance sheet.
Answer:
the firm will have a loss of 6.414,97
Break-even rate = 11.34%
Explanation:
We calcualte the present value of a lump sum to know the present sale value:
Nominal: 154,000
time 5 years
rate 0.13
PV 83,585.03
the current sale price 83,585.03
given a cost of <u> (90,000) </u>
the firm will have a loss of 6.414,97
To break event the present value should be 90,000:
rate = 0.113411345 = 11.34%
The answer is <u>"B. Your payments will have gone mostly towards paying interest and you will still owe the majority of the balance that you had from a year ago."</u>
At the point when this happen your profile would be appear as monetarily hazardous by other money related foundation in the market.
This would make your credit score to tumble down, and would make it extremely hard for you to acquire some other type of advance later on.
When you make just the minimum installment on your credit card, you're giving yourself impermanent help. But on the other hand you're focusing on paying more in intrigue charges later. That exchange off can get you into genuine budgetary inconvenience after some time, particularly if your card charges a high interest rate.
