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goldfiish [28.3K]
3 years ago
5

The article discusses income inequality, and for some people this means a more equitable distribution of income is needed in the

economy. what is meant by a more equitable distribution of income?
Business
1 answer:
s344n2d4d5 [400]3 years ago
6 0
<span>The phrase used in the article, a more equitable distribution of income, is meant to convey the idea that income should be more fairly distributed through everyone in all classes in the country. The basic idea is there should not be such huge gaps between the top and bottom income tiers.</span>
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The double-declining-balance and straight-line depreciation methods: multiple choice are the only acceptable methods of deprecia
zheka24 [161]

The double-declining-balance and straight-line depreciation methods Produce the same total depreciation over an asset's useful life.

  • Two of the four depreciation methods permitted by US generally accepted accounting standards are the straight-line and double-declining-balance depreciation procedures (GAAP).
  • The sum of the years' digit and units of production are the other two techniques. By deducting the salvage value from the asset's purchase price and either dividing the depreciable amount by the number of years or applying a preset rate to the depreciable amount, the straight-line method is derived.
  • The depreciation rate is calculated using the double-declining-balance technique by dividing 100 percent by the asset's useful life in years, then multiplying the result by two.
  • The diminishing amount is then used to calculate depreciation expenditure until only the salvage value is left. They therefore result in the same depreciation over the course of the asset's useful life.

<h3>Is double declining balance a method of straight-line depreciation?</h3>
  • The straight-line depreciation technique, another and arguably even more frequent type of depreciation, depreciates an asset's value at a rate that is half that of the DDB depreciation method.

<h3>What is double declining balance depreciation method?</h3>
  • A type of accelerated depreciation method called the double-declining balance method doubles the rate at which an asset's value depreciates compared to the straight-line approach.
  • Accelerated depreciation refers to the process of depreciation that occurs twice as quickly as the straight-line method.

Learn more about double-declining-balance here:

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4 0
1 year ago
The best definition of a financial restatement is:________.
gulaghasi [49]
The correct answer is A
3 0
3 years ago
Hunt Incorporated sold $209,000 of accounts receivable to Gannon Factors Inc. on a with recourse basis. Gannon assesses a 2% fin
pentagon [3]

Answer:

Dr Cash $190,190

Dr Due from Gannon Factors $14,630

Dr Loss on Sale of Receivables $16,280

Cr Accounts Receivable $209,000

Cr Recourse Liability $12,100

Dr Accounts Receivables $209,000

Cr Due to Customer $14,630

Cr Interest Revenue $4,180

Cr Cash $190,190

Explanation:

Journal entries

Dr Cash $190,190

Dr Due from Gannon Factors $14,630

Dr Loss on Sale of Receivables $16,280

Cr Accounts Receivable $209,000

Cr Recourse Liability $12,100

Dr Accounts Receivables $209,000

Cr Due to Customer $14,630

Cr Interest Revenue $4,180

Cr Cash $190,190

*7% X $209,000 =$14,630

*2% X $209,000 =$4,180+$12,100=$16,280

5 0
3 years ago
Josh has been asked to be a part of a new business venture that develops wind energy technologies. since the business involves h
IrinaVladis [17]
<span>John would want to be the member as a limited partner. This would allow him to be an owner of the company and provide leadership (and also receive earnings) without being liable for the firm's debts. A limited liability corporation (LLC) allows for the owners to not be responsible for the debts of the firm.</span>
5 0
3 years ago
A decrease in government spending and the enactment of an investment tax credit would definitely cause a. the quantity of loanab
Vesna [10]

Answer:

The correct answer is option d.

Explanation:

A decrease in government spending will reduce the demand for loanable funds. This will cause the demand curve for loanable funds to shift to the left.  

The leftward shift in the demand loanable funds will cause the interest rates to decrease. This reduction in the interest rate and investment tax credit will cause the quantity of loanable funds traded to increase.

8 0
3 years ago
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