Consumers and business in the market economy seek to earn money so they can buy products so that they don't go out of business.
Answer:
am sorry plz write your question in English
The answer to the question is C
Answer:
d. Straight-line.
Explanation:
Depreciation: Depreciation is an expense indicating a reduction in the value of fixed assets due to tear and wear, obsolescence, usage, time period, etc. It is shown on the income statement debit line. It is a non-cash item not impacting the cash balance.
In the straight-line method, the depreciation expense would be lowest in this method and it remains the same for the remaining useful life
In the double-declining method, the depreciation rate is doubled and contain the highest value
In the sum of the year digit, we sum the useful life like 5 years so we sum 5+4+3+2+1 = 15 years and divide it to the useful life i.e 5
In the composite or group, the depreciation is taken for the group, not for the individual company
Answer:
$346,266.00
Explanation:
The expense that should be recorded for 2018 as a result of the events is the depreciation charge plus the finance charge on the present of value of dismantling cost
depreciation=(cost of oil rig+present value of dismantling cost)/10 years
cost of oil rig is $3,000,000
present value of dismantling cost=$231,330
depreciation charge=($3,000,000+$231,330)/10=$323,133.00
finance charge=$231,330*10%=$23133
total expense=$23,133.00
+$323,133.00 =$346,266.00
