Answer:
Swift Company should charge depreciation expense of $55,556 to income statement for the year ended December 31, 2013.
Explanation:
Under straight-line method, depreciation expense is (cost - residual value) / No of years = ($500,000 - 0) / 6 years = $83,333 yearly depreciation expense.
Accumulated depreciation as at end of 20212 = $83,333 x 2 = $166,667
Net book value (NBV) becomes $500,000 - $166,667 = $333,333
New depreciation is ($333,333 - $0) / 6 years = $55,556 yearly depreciation expenses from 2013 onward.
Answer:
can be thought of as a bank withholding a portion of its total deposits that are not loaned out.
Explanation:
Fractional reserve banking is when banks accepts deposits from customers and lend out only a fraction of the deposits. The remaining are kept as reserves.
The central bank requires bank to keep certain amount of money as reserves in order to meet unforeseen circumstances
Vera is a good listener, helps her customers solve problems, and makes product suggestions that meet their needs. Last year she received the Associate of<span>the Year award as she</span> determined by the desire to succeed.
Answer:
d. requests.
Explanation:
Based on the scenario being described within the question it can be said that such messages are known as requests. These are technically messages from one member of a business to another member in order to ask for a certain good, service, or action to be taken by the second member. Such as attending a meeting or assigning an assignment.
