Explanation:
General Journal
April 18
Debit Short-term Investments 25,030
Credit Cash 25,030
(440x$56= 24,620+390) = 25,030
May 30 ,
Debit Cash 572
Credit Dividend Revenue 572
1.30×440= 572
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Answer:
The correct answer is letter "C": life is the total cost divided by the total annual depreciation.
Explanation:
The composite depreciation method uses the straight-line depreciation to rate and average the loss of value in given assets. It divides the useful life figure by the total depreciable cost to arrive at the total depreciation per year. It is helpful to determine the depreciation in a complete class of assets.
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Hope this answers the question. Have a nice day.</span>
Answer:
80 years
Explanation:
Data provided in the question:
Simple interest rate charged = 1.25% = 0.0125
Now,
Let principal amount be '$x'
we know, Simple interest = Principal × Interest Rate × Time
Since the debt is doubled this means the interest is equal to the principal amount
Therefore,
$x = $x × 0.0125 × Time
or
1 = 0.0125 × Time
or
Time = 1 ÷ 0.0125
or
Time = 80 years
