Answer:
$60,000
Explanation:
Double declining method is a depreciation method used to expense the cost of an asset.
Depreciation expense using the double declining method = Depreciation factor × cost of asset
Deprecation factor = 2 (1/useful life) = 2(1/8) = 1/4
Depreciation expense in 2016 = 0.25 × $320,000 = $80,000
Net book value = $320,000, - $80,000 = $240,000
Deprecation expense in 2017 = 0.25 x $240,000 = $60,000
I hope my answer helps you
Henry Ford was an inventor during the Industrial Revolution, who had ideas that many workers followed. In addition to inventing the Model T and revolutionizing the way Americans transported themselves, he also contributed by creating the assembly line. To mass produce a certain item in the most efficient manner, each worker specialized in making one part, and then would pass it along to the next worker, who would be specialized in making the next part, and so on and so forth.
Answer:
Simple answer. Competitive advantage.
Answer:
laws that permit small businesses to use the government as an intermediary when doing business with other small businesses
Explanation:
Although there are several government incentives that help small businesses get on track, it is forbidden for the government to act as the intermediary in the business between two small businesses or SMEs. The government action is usually based on lowering taxes or anything that is in the government's jurisdiction. It should never directly influence the business relationship between two corporate entitites.
Production is about converting resources into goods and services. it includes inventory management, quality control, production scheduling, follow-up services and more. Hope this answers the question. Have a nice day. Feel free to ask more questions.
