Answer:
B.
Explanation:
Federal grants can be defined as financial aid or grants provided by the US grants from the general federal revenue. These grants are provided by the government for various purposes, and one of those purposes are for monetary help for college and education.
The ways in which federal grants or financial assisstance is provided to students is through scholarships, grants, student loans, and work study.
Scholarships are based on academic merit, talents, etc. It is a type of free education that can be earned if students excel in their studies.
Grants is a financial aid that does not need to be repaid unless service, which is promised in return of grant, is done. Example of grants are TEACH, FSEOG, etc.
Work study are those financial aids that helps students to earn on their own for their fees by doing a part-time job.
So, the correct answer is option B.
Answer:
Revised Depreciation charge per year is $2,200
Explanation:
Revised Depreciation can be calculated in 3 steps:
<u>Step 1:</u> Annual Depreciation charge of Equipment using initial estimate
Depreciation charge = (Cost of Asset – Salvage Value) / Useful life
Depreciation charge = ($50,000 - $2,000) / 8 years = $6,000 per year
<u>
</u>
<u>Step 2:</u> Calculate Net Book Value of Equipment at the end of year 4
Cost of Asset: $50,000
Less: Accumulated Depreciation of 4 Years ($6,000 x 4): ($24,000)
Net Book Value: $26,000
<u>
</u>
<u>Step 3:</u> Calculate Revised Depreciation charge using the revised useful life
Revised Depreciation charge = (Net Book Value of Asset at the end of Year 4 – New Salvage Value) / Revised Useful life
Revised Depreciation charge = ($26,000 - $4,000) / 10 Years = $2,200 per year
Answer:
Britain
Explanation:
Once they landed in America, the British set up a joint stock company, which was the start of what we now recognize as a corporation These stocks were marketed to investors with the thought of getting some cash, which created minimal-risk capital.Citizens embraced the idea as there was minimal risk and significant benefit. It really is accurate, therefore, that joint stock companies were organisations planned by the British to create colonies in America.
