A photocopier cost $105,000 when new and has accumulated depreciation of $96,000. if the business discards this plant asset, the result is a loss of 9,000.
During the asset's anticipated useful life, depreciation is allocated in order to charge a fair percentage of the depreciable amount in each accounting period. Amortization of assets with predetermined useful lives is included in depreciation. Depreciation enables businesses to recoup the cost of an item at the time of acquisition. Instead of collecting the full cost of an asset right away, the technique enables businesses to do so during the asset's lifecycle. This enables businesses to replace current assets with the necessary quantity of revenue in the future.
Subtract the asset's cost from its salvage value (what you anticipate it to be worth at the end of its useful life) to determine depreciation using the straight-line technique. The outcome is the amount or depreciable basis.
Depreciation = asset's cost - salvage value
Depreciation = $105,000 - $96,000
Depreciation = $9,000
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Answer:
345,000
Explanation:
accounting rate of return:
The average investment will be the average between the ending and beginning book value of the investment:
In this case, the acquisition of the software and his salvage value at the end of the useful life.
( 630,000 + 60,000 ) / 2 = 345,000
E. Objectional plan is the answer
Answer:
A. True
Explanation:
For accepting the payment by credit card or by debit card, the online merchant i.e online seller by whom the individual buys the products online.
The online merchant has an agreement with the merchant account and the bank or financial institution so that the individual can able to pay the amount through online mode to the online merchant and in the same time, the amount is deducted from the individual bank account after placing the order
