$140,000 is the value of the property using the cost approach for a property was originally purchased for $160,000. The land portion is 25% of total value. If depreciation totals $20,000.
If the depreciation totals $20,000 then $160,000-$20,000 = $140,000
The accounting technique of depreciating an asset throughout its useful life is referred to as depreciation. Depreciation is a measure of how much an asset has been used for. By paying for assets over a specific amount of time, it enables businesses to generate income from the ones they possess.
The initial cost of ownership is drastically lowered because businesses are not required to fully account for them in the year the assets are purchased. The profitability of a corporation may suffer significantly if depreciation is not taken into account. For both tax and accounting reasons, businesses can depreciate long-term investments.
Learn more about depreciation here
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Answer:
1,417,000
Explanation:
$123000 of the December 31 receivables is to be subtracted from $1540000 of the related allowance for uncollectible accounts
= $1540000 - $123000
= $1,417,000.
The accounts receivable amount expected to be collected after adjustment is $1,417,000
Answer:
True
Explanation:
The United States has no single nationwide system of health insurance.
In the event that an employed worker's spouse loses his/her job to lay-off, the insurance premium financed by the active worker for this family coverage should provide basic health benefits to unemployed workers and their dependents because government does not provide for such category of active group except for senior citizens.
Health insurance is purchased in the private marketplace or provided by the government to certain groups. Private health insurance can be purchased from various organizations such as profit commercial insurance companies or from non – profit insurers.
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Answer:</h3>
C. The government
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Explanation:</h3>
Vocabulary
First, it is important to define the key terms in the question and answers.
- Planned Economy- A planned economy is an economy where the investments and capital are allocated by the government.
- Commodities - Commodities are economic goods that have real value due to their real-life usefulness (like lumber) or rarity (like gold).
How Planned Economies Work
As its name suggests, a planned economy plans the economy out and the price of goods within the markets. These plans are created by the government. This means that private businesses, consumers, and supply/demand do not control prices. Only the government can do that because the government has full control of planned economies. This is the reason that planned economies are also called command economies because the economy is commanded by the government.
Answer:
Option (d) attitude
Explanation:
In the terms of marketing and advertising attitude is defined as the emotions or the beliefs that a consumer develops towards a product or service which leads him to make a perception about the product or service.
This attitude towards the product or the services are difficult to change in a consumer.
