Answer:
depreciation for 2021 is $ 18,000
book value at December 31, 2021 is $ 27,000
Explanation:
Sum of Digits Method is a depreciation method that provides for higher depreciation to be charged early in the life of an asset with a lower depreciation in later years.
Sum of digits for the framing machine is calculated as follows :
Year Sum of Digits
1 4
2 3
3 2
4 1
Total 10
<u>Depreciation for 2021 is calculated as :</u>
= 4/10× $ 45,000
= 18,000
<u>Book value at December 31, 2021 is calculated as :</u>
=Cost - Accumulated Depreciation
=$45,000 - $ 18,000
=$ 27,000
It's how organized you are in a group and/or individual setting.
Answer:
Explanation:
Credit unions offer higher savings rates and lower interest rates on loans. This means that their members are better served and might be able to save a significant amount on car loans, student loans, and mortgages.
Answer:
loss = $1,000
Explanation:
the customer will receive $5 (call price) + $44 (call price) = $49 for every share that he/she owns.
since the market price was $59, then the customer lost $59 - $49 = $10 for every share that he/she owned, resulting in a total loss = $10 per share x 100 shares = $1,000
A call option gives the buyer the option to purchase a stock at a set price during a specific time frame.
Answer:
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Explanation:
