I think the likely response from the bank is that probably the date when you issued the checks is not the same when the beneficiary cashed or deposited them.
Janice's choice is an example of fiscal responsibility. Fiscal responsibility is characterized as utilizing the assets of the patient to amplify medical advantages while at the same time using the assets of the organization to boost cost-adequacy. Being monetarily dependable means settling on capable asset portion choices.
Answer:
15600 , 13600
Explanation:
Annual Depreciation = [Cost of Asset - Salvage Value] / Expected use years
Year 1 Beginning : Cost = $82000 , Salvage Value = $4000, Years = 5
So, Annual Depreciation = [82000 - 4000] / 5
= 78000 / 5 = 15600
Year 4 Beginning : {3 Years gone, 2 years left}
Asset Value remaining = Cost - [(Annual Depreciation)(Years)]
= 82000 - [(15600)(3)]
= 82000 - 46800 = 35200
Dep. = [Cost - Scrap Value] / Years
= [35200 - 8000] / 2
= 27200/2 = 13600
wait:( is there's no b because my answer on my own work is b
Answer:
A. True
Explanation:
Examples of situations that individually or in combination would normally lead to a lease being classified as a finance lease are:
(a) the lease transfers ownership of the underlying asset to the lessee by the end of the lease term;
(b) the lessee has the option to purchase the underlying asset at a price that is expected to be sufficiently lower than the fair value at the date the option becomes exercisable for it to be reasonably certain, at the inception date, that the option will be exercised;
(c) the lease term is for the major part of the economic life of the underlying asset even if title is not transferred;
(d) at the inception date, the present value of the lease payments amounts to at least substantially all of the fair value of the underlying asset; and
(e) the underlying asset is of such a specialised nature that only the lessee can use it without major modifications.
Since at the time of lease the net present value of the payments is 88% of the actual market price and the useful life of the asset was 70% at the end of the lease term and also the title of asset shall not be transferred to lessee at the end of lease term, therefore the lease shall not be classify as finance lease and it shall be classified as operating lease so the answer is A. True
