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Alla [95]
3 years ago
11

On October 2, 2019, Dave acquired and placed into service 5-year business equipment costing $70,000. No other acquisitions were

made during the year. Dave does not apply Sec. 179 expensing or bonus depreciation. The depreciation for this year is?
Business
1 answer:
trasher [3.6K]3 years ago
3 0

Answer:

$3,500

Explanation:

Data provided in the question:

Useful life = 5 years

Cost of the equipment = $70,000

Salvage value = 0

Life elapsed in the year = 3 months    [from October to 31 December ]

Now,

Annual depreciation = [ Cost - Salvage value ] ÷ Useful life

= [ $70,000 - 0 ] ÷ 5

= $14,000 per year

Thus,

the accumulated depreciation for the year i.e for 3 months

= Annual depreciation × Life elapsed

= $14,000 per year × \frac{3}{12} year

= $3,500

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The step in which a salesperson meets the customer for the first time is the __________ step of the creative selling process.
frosja888 [35]

The step in which a salesperson meets the customer for the first time is the <u>approach step</u> of the creative selling process.

<h3>Who is a saleperson?</h3>

A salesperson can be defined as the person whose sole reponsibilities is to market and sell a company product to potentials customers or buyers.

When a sales person meet a customer for the first time, the sales person need to first approach the customers  before marketing a product to the customer.

Therefore the step in which a salesperson meets the customer for the first time is the <u>approach step.</u>

Learn more about salesperson here:brainly.com/question/25586322

#SPJ1

5 0
2 years ago
The belief that capital punishment is now unconstitutional because society has changed is an example of what doctrine? A. Evolvi
Tasya [4]
A. Evolving standard??
7 0
3 years ago
At Abendreg, a multinational law firm, only English-speaking trainers are given the opportunity to impart training to employees
geniusboy [140]

Answer:

Adverse impact

Explanation:

Adverse impact is the unpleasant effect of a bias segmentation of a particular group during selection procedures such as employment, hiring, training, layoff or appraisal processes. Adverse impact in a work place processes may give rise to discrimination directed to a particular group base on a given attributes such as qualifications, ability, age, gender etc.

In this question, the company has most of its branches in English-speaking countries hence they only gave preferences to English-speaking trainers to impart training to employees in different countries

7 0
3 years ago
Determine if the people in the example have benefited (i.e., are winners) or have been harmed (i.e., are losers) by unexpected i
nevsk [136]

Answer:

Winners

  • 3rd National, a bank that loaned many people money for home purchases.

Losers

  • Karen, a retired school teacher that relies upon her fixed pension to pay for her expenses.
  • Herb, who keeps his savings in an old coffee can.
  • Joy, who has borrowed $40,000 to pay her college education.
  • The US federal government which had almost $15 trillion in debt in 2011.

Explanation:

When unexpected inflation occurs, the usual plan to by Monetary Institutions of a country is raising the interest rates.

By doing that, they want to stop it or slowly decelerate it.

So that it becomes more expensive to take a loan, the idea is to reduce consumption.

In Economics, it's a bad scenario after all. Few winners. Many losers.

So, let's examine them

Winners

  • 3rd National, a bank that loaned many people money for home purchases.

At first, The 3rd National is going to be winning since the value of the debt will rise, depending on the type of contract and an increase in the interest rate will demand corrections on the monthly payments. But on the other hand, the number of default clients and overdue installments will raise for sure.

Losers

  • Karen, a retired school teacher that relies upon her fixed pension to pay for her expenses.

Inflation reduces the real buying value of her checks. And her pension can't grow otherwise this will feed the inflation too.

  • Herb, who keeps his savings in an old coffee can.

Since his money is not invested then He's not having any earning that might give him some compensation. So his money is even more devalued.

  • Joy, who has borrowed $40,000 to pay her college education.

Depending on the contract Joy might be sleepless. Either her monthly payments will become more expensive or She may experience difficulties because of the weekly growing prices.

  • The US federal government had almost $15 trillion in debt in 2011.

Certainly, the president and his secretary will have to address the fact that due to inflation and the chosen medicine make the nation's debt up to the sky. They must renegotiate the payment deadlines.

7 0
3 years ago
A speculator purchases a put option for a premium of $4, with an exercise price of $30. The stock is presently priced at $29, an
Scrat [10]

Answer: - $3

Explanation:

We should note that the holder of a put will gain when the share price is below the exercise price.

Since the gain with regards to the question is ($30 - $29) = $1 and the premium paid is 4, then the maximum profit per unit will be:

= Gain - Premium paid

= $1 - $4

= -$3.

8 0
3 years ago
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