Answer:
Depreciation 2021 = $10,000
Book Value 2021 = $35,000
Explanation:
Straight Line method charges a fixed amount of depreciation during the use of an asset.
Depreciation Charge = (Cost - Residual Value) ÷ Estimated Useful Life
Therefore,
Depreciation 2021 = ($45,000 - $5,000) ÷ 4
= $10,000
Book Value = Cost - Accumulated Depreciation to date
Therefore,
Book Value 2021 = $45,000 - $10,000
= $35,000
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1) Always maintain a book for accounts or maintain an app regarding to track your expenses
2) keep an accountant to track his expenses
Business consultant Peter Drucker said that the most important factor of production is knowledge.
The answer is A.
CD(<span>Certificate of Deposit)</span> is similar to a saving account, but it has additional perks. There is a minimum amount of money you have to deposit and you have to deposit that money for a certain amount of time (term). CDs have better interest rate than savings accounts, but if you withdraw your money before the term you pay penalties.
This makes them a good option for people have some extra money that they won't need in a near future.
