Answer: $12000
Explanation:
The amount of depreciation expense that Nick should record for the first year will be:
The depreciation will be:
= 1/no. of years
= 1/10
= 10%
Then, the rate of depreciation for double-declining will be:
= 10% × 2
= 20%
Then, the depreciation for the first year will be:
= $60000 × 20%
= $60000 × 0.2
= $12000
Therefore, the amount of depreciation expense that Nick should record for the first year is $12000.
Depreciation expense should Nick record for the first year is $12000
Suppose GDP per capita is $2,500 in 1912 and $2,550 in 1913. the growth rate of GDP per capita from 1912 to 1913 is 2 percent, 2,550-2500/2500 * 100.
The annual growth rate of real gross domestic product (GDP) per capita is calculated as the percentage change in real GDP per capita for two consecutive years. Real GDP per capita is calculated by dividing GDP at constant prices by the population of a country or region.
To calculate the growth rate, take the current value and subtract it from the previous value. Then divide this difference by the previous value and multiply by 100 to get a growth rate percentage plot.
GDP is therefore defined by the following formula: GDP = Consumption + Investment + Government Expenditure + Net Exports, or simply put, GDP = C + I + G + NX, Consumption (C) represents personal consumption expenditure of households and non-consumers. -Commercial Entities. Investment (I) refers to business expenses
Learn more about GDP here brainly.com/question/1383956
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Answer:
d. $1,470,000
Explanation:
The computation of the cash realizable value of the accounts receivable is shown below:
= Ending balance of accounts receivable - credit balance of uncollectible amount
= $1,600,000 - $1,30,000
= $1,470,000
For finding out the cash realizable value, we deduct the credit balance of uncollectible amount from the ending balance of accounts receivable
Answer:
The correct answer is option a.
Explanation:
Pizzas and burgers are substitutes. This implies that they are used in place of each other. If the price of pizza increases, its quantity demanded will decrease. This will be indicated by an upward movement to the left on the same demand curve.
The consumers will prefer a cheaper substitute, as a result, the demand for burgers will increase. This will be indicated by a rightward shift in the demand curve for burgers.
Answer:D
Explanation: Can not always. A fact is evidence.
