Answer:
A) to determine the cost of the asset being depreciated we must use the first year's depreciation using the double declining method to find 40% of the asset's value:
40% of the asset's value = $29,200
asset's value = $29,200 / 40% = $73,000
B) salvage value = asset's value - total depreciation = $73,000 - $65,700 = $7,300
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Answer:
Self-esteem
Explanation:
Self-esteem is a person's evaluation of their worth. This evaluation is subjective as it may not be based on reality. Self-esteem is influenced by one's environment including peer groups, family, and coworkers.
Self-esteem induces the following feelings: shame, despair, pride, and triumph. It determines if a person likes themselves or not. People with high self-esteem are happy and comfortable with themselves, while those with low self-esteem are often depressed.
Rashan's self-esteem has gone low as he now believes what his family is telling him. That he is worthless.
Answer:
It will increase by 50%
Explanation:
Equity is given as: credit - short market value.
Find attached below table of solution
Answer:
d. $7,000.
Explanation:
The computation of the loss recorded due to asset impairment is shown below:
= Book value - fair value
= $35,000 - $28,000
= $7,000
If we consider the building and the patent we see that the estimated cash flows are more than the book value, so no loss on impairment should be taken place
Therefore, only $7,000 should be recorded as a loss on impairment of the asset