Answer:
A. $1,075,000
B. No
Explanation:
A. Calculation for the book value of the equipment
Using this formula
Book value of the equipment=Equipment account -Accumulated depreciation—equipment account
Let plug in the formula
Book value of the equipment= $3,150,000-$2,075,000
Book value of the equipment=$1,075,000
Therefore the book value of the equipment will be $1,075,000
(b) NO the balance in the accumulated depreciation account does NOT mean that the equipment's loss of value is the amount of $2,075,000.
Answer:
Globalization has led to the influx of multinationals in many developing and under developed countries. With the advancement of technology this process has increased and influenced many industries.
Uber is providing convenience to its users to fill the gap between the service provider and service user through a platform
This platform has led to bridge the gap between the user and seller of service.
This convenience can be used not only in the transportation of consumer but can also be used in carrier pick ups. Delivery of foods and mails etc.
It can also be used across industries like in medical industry to provide emergency ambulances. Bridging the gap between medical assistance by providing medical services through apps connecting doctors and patients.
It is being used in freelancing industry as well. To provide a platform for provider of service and consumer.
However in entering into different industries the legal aspects are to be considered to avoid any backlash.
Suppose you buy clothes at Mimi's Clothng Shop. Your spending is Mimi's profit.
5. B) $379.50
Based on the table because he is a 50 year old male, the cost per thousand is $7.59. Multiply this by 50 because he wants $50,000 worth of coverage
6. B) $94,165
The cost to secure the loan in the down payment and all other fees. The down payment is 30%* $310,000= $93,000
Add all the fees together $1165 plus the down payment = $94,165
We need the is as follows to know and answer the question sorry but can hellp unless the questions finished
