<span>The basic financial planning phase emphasizes time horizons of one year; whereas the forecast-based planning phase focuses on time horizons of three-to-five years with no help from consultants. The comprehensive evaluation current and future financial condition by using currently known variables in predicting future cash flows, withdrawal plans and assets is called basic financial planning. While forecasting uses management's experience, knowledge and judgement as a basis for certain assumptions.</span>
Answer:
Annual depreciation= $48,000
Explanation:
Giving the following information:
Purchasing price= $135,000
Salvage value= $15,000
Useful life= 5 years
<u>To calculate the depreciation expense under the double-declining method, we need to use the following formula:</u>
Annual depreciation= 2*[(book value)/estimated life (years)]
Annual depreciation= 2*[(135,000 - 15,000) / 5]
Annual depreciation= $48,000
When it has a moral to it
the answer is B collusion