Answer:
$63,000
Explanation:
Straight line method charges a fixed amount of depreciation for the period the asset is used in the business.
Depreciation Expense = (Costs - Salvage Value) ÷ Estimated useful life
therefore,
2021
Depreciation Expense = $420000 ÷ 4 = $105,000
2022
One month has already expired, therefore the remaining useful life out of 6 years will be 5.
New Depreciable Amount = Cost - Accumulated depreciation to date
= $420,000 - $105,000
= $315,000
Depreciation expense = $315,000 ÷ 5 = $63,000
Conclusion :
the revised depreciation expense for 2022 is $63,000
Answer:
To calculate the amount of interest that Cecil was charged we can use the following formula:
interest charged = (APR / 365) x 30 days x adjusted balance
where:
Adjusted balance = previous balance – current payments = $340 - $150 = $190
interest charged = (19% / 365) x 30 x $190 = $2.97
The answer to the question above is "5 days" which is the time frame for reporting an accident to the Michigan Department of Natural Resources if property damage exceeds $2,000. This rule is according to the Boat Accident Reporting Requirements in Michigan. A "5 days" time frame for reporting also is done<span> for an accident that includes a missing person.</span>
Answer:
Explanation:
as it is said we must apply the CAPM model, so we have:
where 
is the capital asset pricing model, 
is the risk free of the market, 
is the relation between the market benchmark and an asset return, and 
is the expected return of an asset
