The answer to this question is:
<span>The write-off of intangible assets is called?
</span>C-"Amortization."
Hoped This Helped, <span>
Awifeamother
Your Welcome :) </span>
Answer :a obligation.
The word obligation means “to be bound to act in a certain way either morally or legally.”
Hence when one is in need of money to start a business, family members may lend the money because they are bound to help you in times of need.
Loans from family members are usually interest free.
However, if the loan is not repaid, relationships quickly turn sour.
Hence loans from family member must be treated with respect and care, in order to maintain relationships.
Based on the year that Rich died and the year that Lucy is filing her taxes, the most favorable filing status is <u>Married filing jointly. </u>
Current tax laws are such that if a person loses a spouse in a certain year and does not remarry in that year, they can file in a joint manner with their now late spouse.
Rich died in 2020 and Lucy did not remarry. Lucy's 2020 returns can therefore be filed as a joint filing with Rich even though he is no longer alive.
In conclusion, the correct answer is option A.
Find out more about joint filing at brainly.com/question/2433386.
Answer:
The Time Value of Money formula is FV = PV x [ 1 + (i / n) ] (n x t)] where V is the Future value of money, PV is the Present value of money, i is the interest rate, n is the number of impounding periods per year, and t is the number of years.
Answer:
$123
Explanation:
Calculation to determine the service cost component of pension expense for the year ended December 31.
PENSION BENEFIT OBLIGATION
Beginning of the year Projected benefit obligation $360
Service cost ?
Interest cost $36
(10%*360)
Loss (gain) on PBO $0
Less: Retiree Benefits ($54)
End of the year Projected benefit obligation $465
Hence,
SERVICE COST= ($465-$360-$36+$54)
SERVICE COST= $123
Therefore the service cost component of pension expense for the year ended December 31 will be $123
