Answer:
Prepare the entry to correct the prior years' depreciation, if necessary.
any change in depreciation expense must be done for future events, past events cannot be adjusted
Depreciation expense 2021:
carrying value December 2020 = $69,000 - {[($69,000 - $4,600) / 8] x 5} = $69,000 - $40,250 = $28,750
depreciation expense per year (including 2021) = ($28,750 - $5,175) / 5 = $4,715
Answer:
It will take 74 months to pay-off the loan
Explanation:
We need to find time (n) in the present value of an annuity
C $100.00
time n
rate 0.012916667(0.155 / 12 months)
PV $4,750.00
![(1+0.01291667)^{-n} = 0.38645833](https://tex.z-dn.net/?f=%281%2B0.01291667%29%5E%7B-n%7D%20%3D%200.38645833)
Now, we solve for n using logarithmics properties:
-n = -74.07934663
n = 74
Answer:
The correct answer is letter "D": franchises.
Explanation:
Franchises are business structures in which franchisees access the trademarks and proprietary rights of a franchisor to use its brand name and products in exchange for a fee charged on a regular basis. Franchising avoids a new company spending money on activities related to promoting a new business since the franchisor already has a well-known name in the market.
<em>MacDonald's represents the largest franchise in the U.S. in 2020 according to Franchise Direct.</em>
Answer:
$93,700
Explanation:
Excess of cost over fair value of net identifiable assets of acquired subsidiary Shall be considered as good will and it will come under the head intangible assets.
Other are considered to be a expense.
Total amount reported for intangible assets:
= Trademarks + Excess of cost over fair value of net identifiable assets of acquired subsidiary
= $16,500 + $77,200
= $93,700
<span>You would want to get a broadband internet based phone that's based off a Linksys modem system. A multiple line phone per employee/contractor with voice mail capacities would be a must. For contracted employees (those who work for the business, but are not office-based) need mobile cell phones with the internet, email, and group and individual capabilities so they can be reached easily.</span>