Answer:
$30,000
Explanation:
Usually, patents do not have a salvage value. If the useful life is 16 years, the amortization rate will be 1/16 x 100
=0.0625 x 100
=6.25%
Before January 2017, the trademark had been amortized for four years ( 2013, 2014, 2015, and 2016.)
Amortization per year = 6.25% x $400,000
=0.0625 x $400,000
=$25,000 per year: Four year amortization would be
=$25,000 x 4
=$100,000
The Book value as of January 2017 will be
=$400,000 -$100,000
=$300,000
add legal fee
=$300,000 + $60,000
=$360,000
remaining useful life = 16 -4 years = 12 years.
new depreciation rate = 1/12 x 100
=0.08333
Depreciation amount for 2017
= 0.08333 x $360,000
=$30,000
Answer:
2018: 8 months
Depreciation= $916,67
2019: full year
Depreciation= $1375
Explanation:
Giving the following information:
Taco Hut purchased equipment on May 1, 2018.
Price: $15,000.
Residual value: $4,000
Useful life: 8 year
We need to calculate the depreciation for 2018 and 2019 using straight-line method:
Depreciation= (purchase price- residual value)/useful life
Depreciation= (15000-4000)/8= $1375
2018: 8 months
Depreciation=(1375/12)*8= 916,67
2019: full year
Depreciation= $1375
Answer:
DIVISION OF LABOUR
Explanation:
Division of labour is : allocating different subparts of a task process to different people, to attain better efficiency. Better efficiency is attained by - labourers being specifically specialised in that subsection task, which increases their individual & hence organisation efficiency.
Elisa: opening her new business & assigning tasks to employees - is an example of the same.
All other options are inapt because: Management departmentalisation is dividing organisation into specialised niche departments. Mass production economies is cost reduction due to bulk quantity production. Specialisation of priorities is developing competitive advantage by research & innovation.
Jacque Solis will have $37,700 left <span>after paying taxes and penalties from her $58,000 qualified plan
during the said period. </span>A
qualified plan is an employer-sponsored retirement plan that qualifies for
special tax treatment under Section 401(a) of the Internal Revenue Code.
Explanation:
- Online shopping platform
- Counselor
- Food corner
These are the three trends for small scale business which can be changed into the small business opportunities.
Online shopping platform- It can be seen as the need of the present time as everyone is now depended on the online sources through which they can but the stuff they want to without going out.
Counselor - It is one of the most professional business in which a person can just changed the lives of the people with the power of words and ideas. In present time people really look for the person who can help them without passing any judgement.
Food corner- The need of each and every person, food corner is one of the thing which every want to at every street or corner.
