One of the advantages of incorporation for a company with project repatriation is limited liability, which protects the private assets of owners and stakeholders if the company goes bankrupt.
<h3 /><h3>Limited liability</h3>
It is a legal framework that protects the attachment of shareholders' private assets to pay the company's debts if the company goes bankrupt, the company's assets can be pledged in this situation.
Therefore limited liability is a legal framework that generates greater security and attracts more investors.
The correct answer is:
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Answer:
=$25,400
Explanation:
The cost of the compute was $56,000
The residual value was 5000
Useful life is 5 years
Using the straight-line depreciation method, book value after three years will be
The depreciable amount will be the asset cost value - residual value
= $56,000 - $5000
= $51,000
The depreciation rate will be 1/5 year x 100 = 20%
depreciation per year will be 20% x 51,000
= 20/100 x 51,000
=$10,200
Depreciation for three years will be $10,200 x 3= $30,600
The book value after 3 years :
Book value = original cost - accumulated depreciation
= $56,000 - $30,600
=$25,400
Answer:
the answer is C. a legal entity of people who share a common mission.
Answer:Woodmier journal $
1. Date
2021
Warranty expenses Dr 90,000
Warranty liability Cr. 90,000
Narration. Amount of warranty incurred for the year.
2021
Warranty liability Dr 90,000
Bank/Cash. Cr. 90,000
Narration. Payment of warranty expenditures.
2. No entry require
Explanation:
The warranty expenses since is a period of one year can be accounted for at the end of the year without requirements for provision at the beginning of the year. The actual warranty is debited to the income statement and the liability recognized as a creditor until payment.
The discontinuation of the sales of the product in 2021 will not affect the already incurred warranty liability and the account posting thereon in the following years.
Answer:
I believe this saying refers to how we need challenges in our lives so that we can experience failure and learn from it.
