Answer:
Instructions are listed below.
Explanation:
Giving the following information:
On January 1, 2021, the Excel Delivery Company purchased a delivery van for $153,000. At the end of its five-year service life, it is estimated that the van will be worth $15,600.
Annual depreciation= 2*[(book value)/estimated life (years)]
Year 1= (153,000/5)*2= 61,200
Year 2= [(153,000 - 61,200)/5]*2= 36,720
Year 3= (55,080/5)*2= 22,032
Year 4= 13,219
Year 5= 7,932
Total= $141,103
It is 4.0 because your question does not make any sence
<span>These claims are part of the firm's strategy to achieve product </span>differentiation. When a company has developed product differentiation in the mind of a consumer, that means they stand on in their mind. The consumer can easily distinguish one company's product or service from that of a competitor. Being a "favorite" in the consumers mind keeps the consumer loyal to the brand.
Based on contemporary issues, the reason for the disagreement among financial analysts and finance professors over applying accrual accounting rules to raw cash flow data is that "<u>the disagreement is over the complexity of accrual accounting rules for a company.</u>"
<h3>What are accrual accounting rules?</h3>
Accrual accounting rules are the accounting principle that ensures transactions are recorded when it occurs, with or without receiving the actual cash flows for the transaction.
However, despite the many merits of accrual accounting, its application is more complex than most smaller businesses don't want to use it.
Hence, in this case, it is concluded that the correct answer is "<u>the disagreement is over the complexity of accrual accounting rules for a company."</u>
Learn more about accrual accounting here: brainly.com/question/25817056
Answer:
Option "C"is the correct answer to the following statement.
Explanation:
The retrospective method effect requires the development of new accounting procedures. In other terms, the retrospective method would affect the reporting of past time financial statements.
In this situation, the company will use the equity method at the place of the Fair-value method for calculating and control over their investment, so the above option is correct.
