Answer:
Depreciable amount= $880,000
Explanation:
Giving the following information:
Your company buys a tower crane for $900,000 on January 1, 2019. It has a 20-year life, it's expected salvage value is $20,000.
To calculate the annual depreciation, we need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (900,000 - 20,000)/20= $44,000
Depreciable amount= original cost - salvage value= 880,000
Answer:
traditional goal setting
Explanation:
This is traditional goal setting because the goals flow from the top down. Each organisational area then incorporates them from the top down.
Answer:
resources like land, tools, money, time, labor and enterprise
Answer:
In this case, the amount of $20,000 represents the owner's equity.
Explanation:
Assets:
Assets are the items that are own by a business. Examples of assets are inventory, machinery, company owned vehicles etc.
Liabilities:
Liabilities are the items a business owes to others. Examples of liabilities are bank dept, taxes, mortgage debt etc.
Equity:
Owner's equity is also known as net assets refer to the owner share of assets when the liabilities are paid off.
The relation between Assets, liabilities and owner equity are represented in a equation as:
Assets = Liabilities + Owner Equity
Answer:
He should ask nieghbors to stop
Explanation:
Because asking nice is not a bad reason
