<h3 />
$13,400 is the first-year depreciation using the straight-line method.
<h3>Step 1</h3>
cost = $69,000
savage = $2,000
cost minus savage = $69,000 -- $2,000
⇒$67,000
⇒Estimated years = 5years
using the straight-line method formula.
<h3>
Step 2 </h3>
⇒first-year depreciation expense = $67,000 /5
⇒$13,400
thus, the depreciation using the straight-line method is $13,400
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The complete question is as follows:
What percentage of your gross salary does the consumer financial bureau suggest?
The proportion of gross income suggested by the Consumer Financial Bureau is not more than 15% or 10% of the earned income.
<h3>What is a gross salary?</h3>
Gross salary is the amount received by an employee before any deductions and income taxes. It is given by the employer of the company in its respective bank account.
According to the Consumer Financial Bureau, the proportion of not exceeding 10% of gross income should be reserved for affording the student loan payments, or not greater than 15% be reserved for monthly debts except rental and mortgage reimbursements.
Therefore, the type of payments will decide the proportion of gross income being allocated in accordance with the Consumer Financial Bureau.
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Answer:
An integrated feedback system between the individual/organization making a decision, and the broader environment’s reactions to those decisions. This type of decision-making process involves iterative cycles and constant assessment of the reactions and impacts of the decision.
Explanation:
As the name implies, cognition requires the use of the senses to acquire information and process that information so as to enable better decision making. Individuals and organizations make use of the cognitive style of decision-making when they obtain information and process them to see how they affect others. The effects of the decisions should be properly observed and analyzed.
The method follows a circle. So, when one aim is reached, the decision-maker can evaluate whether it is satisfactory or whether more efforts should be made.
Answer:
Allowances
Debit Credit
$426,000
$ 85,000
$106,000
$405,000
Bad Debt
Debit - Credit
$85,000
Explanation:
Using T-Accounts you can see that the missing value in the Net Allowances are $106,000 that corresponds to the write-off accounts during the year.
The allowance begin the year with $426,000 then add 85 a bad expenses and finish the year with a balance of $405,000, so in the middle is the value of $106,000 , as a Debit value which means that the company write off that amount as uncollectible credits.
Answer:
C) Atlanta Company
Explanation:
Let's bear in mind that equity is an advantage that allows your company to buy and sell more.
So more equity means more ability to buy and sell and less the possibility of going bankrupt.
Liability on the other hand also gives advantage in trade r company , so more liability shows strongness of the company.
Now let's compare the equity and liability of the both companies
Atlanta Company
Total liabilities $ 429,000
Total equity 572,000
Spokane Company
Total liabilities $ 549,000
Total equity 1,830,000
The equity ratio is about 1:3
While liability is about 1:1.2
So Atlanta company has more riskier structure