In macroeconomics, the goal is to increase the GDP of the country's economy. This is one of the goals in socioeconomic aspect. However, others would include infrastructure, exportation of goods and investors.Thank you for your question. Please don't hesitate to ask in Brainly your queries.
Answer:
$14,250
Explanation:
Annual depreciation = (Cost - Salvage value) / Useful Life
Annual depreciation = ($60,000 - $3,000) / 8
Annual depreciation = $57,000 / 8
Annual depreciation = $7,125
Accumulated dep. at December 31, 2022 = $7,125 * 2
Accumulated dep. at December 31, 2022 = $14,250
So, the balance in accumulated depreciation using the straight-line method at December 31, 2022 is $14,250.
Answer:
Prosecutors of this case can use the net worth method to determine the extent these executives have been receiving illegal incomes by computing their wealth at the beginning and at the end of the period under investigation.
There will be an increase in the executives wealth, and since this increase cannot be traced to any legal income source, it will become taxable income, with the calculated penalties and fines.
Explanation:
The net worth method specifies that any increase in wealth, which is not traced to non-taxable sources, should be determined as a taxable income for the period under review. Ordinarily, the net worth is the difference between assets and liabilities. Since the executives use the money personally at their convenience, this will increase their personal wealth.
