Answer:
A) $8,125
Explanation:
Note Slotkin Products uses the double-declining balance method. Under the double-declining balance method depreciation expense is calculated as :
Annual depreciation expense = 2 x SLDP x BVSLDP
where,
SLDP = 100 ÷ Useful life
= 12.5 %
and
BVSLDP = Cost in first year or Book Value for other succeeding years =
therefore,
Annual Depreciation expense = 2 x 12.50 % x $65,000 = $16,250
thus,
Partial depreciation from July 1, 2017 to Dec 31, 2017 - 6 months will be :
Depreciation expense = $16,250 x 6/12 = $8,125
Conclusion :
Depreciation for 2017 is $8,125
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer and Explanation:
The computation is given below:
For Bank A,
Effective annual rate is
= (1 + 0.10 ÷ 12)^12 - 1
= 10.47%
For Bank B,
Effective annual rate is
= (1 + 0.11 ÷ 4)^4 - 1
= 11.46%
And,
For Bank C,
Effective annual rate = 12%
Therefore, Bank A is best to borrow at lowest effective annual rate
Answer:
c. you need a lot of money to buy a home
Explanation:
mark me brainliest pl
hope it help you
Answer:
True
Explanation:
statement of cash flows can be regarded as financial statement which gives analysis of how cash as well as cash equivalent is affected by any changes in balance sheet accounts.
The indirect method of statement of cash flows begins with loss or the net income as well as the substraction of values from non cash revenue which result in case flow as a result of operating activities.
