Answer:
$28,000
Explanation:
Data provided in the question:
Cost of the building purchased = $140,000
Estimated salvage value = $8,000
Expected useful life = ten years
Now,
Annual rate of depreciation using the double-declining-balance method
= 2 × [ 100% ÷ (Useful life )]
= 2 × [ 100% ÷ 10 ]
= 2 × 10%
= 20% or 0.20
Therefore,
Depreciation expense for 20X1 = Cost of building × Rate of depreciation
= $140,000 × 0.20
= $28,000
Answer:
The acquisition cost is $38140
Explanation:
acquisiton cost = invoice price + applicable sales tax - cash discount + freight paid + cost of insurance + installation cost +testing and adjusting costt
= $34000 + $2000 - $400 + $260 + $125 + $2000 + $425
= $38410
Therefore, The acquisition cost is $38140.
Answer:
chain of command
Explanation:
A chain of command is a military system by which orders are passed from one rank to another. Management has adapted the concept into civil organizations where instructions and tasks are passed from one level to another.
In this case the flow of instructions and tasks start at the chancellor's office and then flows down through the vice-chancellors, campus presidents, vice presidents,etc.
Answer:
By knowing your topics and/or doing concrete research on the internet at the same time you are integrating good teaching/communication skills to answer the question.
Explanation: