$12120 is the annual amortization expense
<u>Explanation:</u>
The following formula is used to calculate the annual depreciation expense that will be recorded in the books of accounts
Depreciation = ( cost of the asset minus salvage value) divide by number of years.
Given data in the question: number of years = 10, cost of the asset = $124000, salvage value = $28000
Putting the figures in the formula,
Depreciation expense = ($124000 minus $28000) divide by 10
After solving, we get = $12120
Thus, annual depreciation expense = $12120
Answer:
Investment income.
Explanation:
Investment income is income that comes from interest payments, dividends, capital gains collected upon the sale of a security or other assets, and any other profit made through an investment vehicle. Generally, individuals earn most of their total net income each year through regular employment income.
hope this helped broski =))
Answer:
B. Credited Gain on fluctuation of foreign currency for $1,170
Explanation:
The journal entry to record the collection of foreign receivables is provided
Account Titles and Explanation Debit Credit
Cash 40,170
(3,900,000 * 0.0103)
Foreign reserve 39,000
(3,900,000 * 0.01)
Gain of fluctuation of foreign currency 1,170
(3,900,000 * 0.0003)
Hence, the correct option is Credited Gain on fluctuation of foreign currency for $1,170
The effective interest rate is greater by 0.72 percentage points as compared to the nominal interest rates.
Computation:
Given,
Nominal Interest rate =11.85%
compounding period = weekly, that is 52.
The formula of the effective interest rate will be used:

Now, the difference of the effective interest rate and nominal interest rate will be determined to know the exceeding percentage:

Therefore, option a. 0.72 percentage points is correct.
To know more about the effective interest rates, refer to the link:
brainly.com/question/14270693
Hello,
The answer is option D (or 4) "<span>The 19th century".
Reason:
In the 19th century merchants made there first banks which was put as a service to the public. Banks were made in order people could keep there money somewhere safe besides there homes. Its not option A because the middle age was mainly about power and knights therefore they keep there money in something called a treasure room. Its not option B because the 17th century was when are country was still developing therefore did not have any banks available to the public. Its also not option C because was when the Great War was which was 1819 so therefore the country was still developing.
If you need anymore help feel free to ask me!
Hope this helps!
~Nonportrit</span>