Answer:
4.8 years (which is approximately 5 years.)
Explanation:
Depreciation is the systematic allocation of cost of an asset to the income statement considering the estimated useful life of the asset.
The residual value is the estimated amount that will be received on the disposal of the asset after its useful life. Where not given, it may be taken to be zero.
Mathematically,
Depreciation = (cost - residual value)/estimated useful life
Let the estimated useful life be T
25,000 = 240,000/T
T = 240,000/25,000
= 4.8 years
Explanation:
An information system (IS) is a formal, sociotechnical, organizational system designed to collect, process, store, and distribute information.
Answer:
securities are initially issued
Explanation:
Securities will be traded in the primary market when they are initially issued or sold to the public for the first time; for example, Initial Public Offerings (IPO). Then, they will be traded in the secondary market if the investor want to exchange the existing securities.
Answer:
28%
Explanation:
Most mortgage lenders, including Fannie Mae, use the 28/36 rule. That rule states that a family should spend no more than 28% of the gross monthly income (GMI) on housing expenses, and pay no more than 36% of GMI to cover debts (mortgage payments are included in this 36%).
Statistics show that households that do not comply with the 28/36 rule, tend to have difficulty paying back loans.