Answer: $400,000
Explanation:
When calculating the amortization of a patent, we either use the legal life or the useful life depending on which is shorter which in this case is the useful life.
Annual Amortization;
= (Cost - Salvage value) / 5 years
= (8,000,000 - 0) / 5
= $1,600,000
Patent was purchased October 1. October to December is 3 months.
Depreciation for the year is therefore;
= 1,600,000 * 3/12
= $400,000
Answer:
The answers are:
1. nonprogrammed decision
2. programmed decision
3. nonprogrammed decision
4. programmed decision
Explanation:
Programmed decisions are decisions for which the decision maker has developed certain set of guiding rules for, over time, as a result of repetition. Here the results can be predicted with a reasonable degree of accuracy, because the situations surrounding the circumstances are well known. In our example, feeding the puppy overtime has become routine, hence it is a programmed decision, also, the choice of tea at Starbucks is a programmed decision because you know what to expect and that is because you have tried the other varieties and come to a conclusion on the choices to be made which is well understood.
On the contrary, a nonprogrammed or nonroutine decision is a decision that is based on circumstances that are not entirely predictable to a reasonable extent. The structure of the circumstances surrounding the decision to be made is not well understood. There are so many "what ifs". These decisions can be said to be novel, and they are not routine. In our example, the choice of the constructor to use for your kitchen design and the decision by the accounting firm on whether to renew the lease or relocate are nonprogrammed because these decisions are not everyday decisions and the decision makers are not certain what the outcomes will be depending on the choices they make, if they will eventually regret it or not.
Debbie has a low tolerance for ambiguity.People who are high in execution have a tendency to have a low tolerance for ambiguity. They're the sort of individual who you give an errand, and they return to you with an entire rundown of inquiries, since they need to have the capacity to deliver a result that addresses your issues. Though with individuals who have a high resistance for uncertainty, they hazard doing things the wrong way a great deal of the time and conceivably committing a ton of errors.
