Answer:
drives the interest rate up.
Explanation:
A budget deficit is the amount by which spending exceeds income.
Other things equal, an increase in the government budget deficit drives the interest rate up.
Generally, when there's a deficit in government budget, they resort to borrowing money from creditors. This creditors are likely to be sceptical about the government's ability to repay the debt and at such would increase the interest rate.
Answer:
Depreciation expense = $4,400
Accumulated depreciation = $13,200
Explanation:
Depreciation: The depreciation is the amount which decreases the value of the asset. It can be by obsolescence, usage, tear and wear, etc.
The annual depreciation is given i.e. $4,400 which will be charged in depreciation expense whereas the accumulated depreciation would be equal to
= Annual Depreciation × useful life
= $4,400 × 3
= $13,200
Answer:
See explanation
Explanation:
See the images to get the right answer