- The annual depreciation expense is $17,000.
- The book value at the end of the twentieth year of use is $425,000.
- The depreciation expense for each of the remaining 20 years is $20,000.
<h3>What is the annual depreciation expense?
</h3>
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
Annual depreciation = ($765,000 - $153,000) / 36 = $17,000
Book value in the 20th year = cost of the asset - accumulated depreciation
765,000 - (17,000 x 20) = $425,000
Depreciation expense for each of the 20 years = (book value - new residual value) / new useful life
(425,000 - $25,000) / 20 = $20,000
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Answer:
C. State and local governments
Explanation:
Securities are commercial debts or equity instruments sold to investors in the financial markets. Public-listed corporations or the government may issue securities as a way of raising capital. The Securities Act of 1933 requires securities registered with the SEC and abide by the other provisions in the act, such as full disclosure of financial information.
However, not all securities issued must be registered with the SEC. Exemptions are granted to certain types of securities. Financial instruments issued by or having government backing are considered to have the exception status.
Answer:
The correct answer is d. management science.
Explanation:
The administration and management sciences, should not be confused with administration and management practices, constitute an autonomous body of knowledge that aims to clarify the collective behavioral actions of organized human groups, which result in the creation of companies, associations, administrations, etc. The administration and management sciences are action and decision sciences, which are supported and articulated in numerous disciplines of the exact sciences and human sciences.
The administration and management sciences group disciplines such as finance, human resources, marketing, accounting, information systems, logistics, entrepreneurship, organizational theory, business strategy, marketing strategy, etc.
Answer:
interest expense = $150
Explanation:
the journal entry to record accrued interest:
December 31, 2018, accrued interest from note payable
Dr Interest expense 150
Cr Interest payable 150
interest expense = principal x interest rate x time = $5,000 x 6% x 6/12 = $150
Internal customers have a relationship with, and within, your company, either through employment or as partners who deliver your product or service to the end user, the external customer
