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kumpel [21]
3 years ago
8

Goosen Company bought a copyright for $90,000 on January 1, 2018, at which time the copyright had an estimated useful life of 15

years. On January 5, 2021, the company determined that the copyright would expire at the end of 2026. How much should Goosen record retrospectively as the effect of change
Social Studies
1 answer:
galben [10]3 years ago
3 0

Answer:

The correct answer is : $0

Explanation:

The retrospective approach means that you have to apply the change in principle to the financial outcomes of previous periods or time, as though the new one had always been in use.  It has to take into account the cumulative effect of the change on periods prior and the financial statements have to presented to reflect the change to the new one.

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Answer:

Forest areas can reduce the expansion of the deserts because it does not allow the soil particles to get eroded from those places

Explanation:

Forest are the regions that are comprised of vast vegetation-covered areas. These forest regions are often cut down in order to set up urban areas, construct buildings and other commercial buildings. This directly affects the soil as it loses its fertility and in the regions where there occurs a lesser amount or no rainfall, the places are most likely to undergo the process of desertification.

The forest can prevent the spread of desert areas. It is because planting more trees will lead to increasing vegetation and decreases the cause of desertification. The process of erosion decreases and the speed of the prevailing wind also gets reduced due to the presence of vegetation. Afforestation must be done significantly in order to alter a dry land into a green vegetation covered area.

In the northern part of China, the forest areas are highly affected due to the deforestation process. The trees are cut down in order to make furniture, construction purpose, make medicines, and other purposes. The total area of the forest-covered regions in northern China has reduced significantly over the last few decades.

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Scenario analysis

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Scenario analysis is widely used to predict changes in the value of an asset in response to an adverse event, and can also be used to analyze a worst-case theoretical situation. Challenging one's future expectations, and making assumptions based on the plans and decisions on the most likely scenarios. Thus, it is is a method of analyzing and assessing possible events that could occur in the future, taking into account various feasible findings or outcomes.

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