The purpose of accounting for depreciation is to allocate the cost of a tangible or physical asset over its useful life.
<h3>What is depreciation?</h3>
It should be noted that depreciation simply means the wear and tear of a product based in usage. <em>Depreciation</em> shows how much of an asset has been used.
The scope of generally accepted accounting principles aims to improve the clarity and consistency if the communication of financial information. The five principles include:
Revenue recognition.
Cost principle.
Matching principle.
Objectivity principle.
Full disclosure.
The president’s proposal is within the scope of generally accepted accounting principles. It should be noted that depreciation doesn't guarantee funds.
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Answer:
D.quantity of money demanded
Explanation:
Demand for money refers to the people's preference to hold liquid assets and opposed to physical assets. People demand money for immediate purchases or to store to spend it later. The demand curve for money demonstrates the inverse relationship between the quantity demanded of money and the interest rate. The curve slope downwards from the top right corner illustrating how demand increases as interest rates decline.
Answer:
The answer is a. 14.33.
Explanation:
We apply the net present value (NPV) methodology to approach the two options.
+ The lifetime subscription's npv = $(850)
+ The annual subscription's npv = - 85 - [ 85/6% * [ 1 - 1.06^(-n) ], with n is the number of years the subscriber still lives.
To make a lifetime subscription a better buy, the NPV of this option should be higher than the NPV of annual subscription or:
85 + [ 85/6% * [ 1 - 1.06^(-n) ] > 850 <=> 1 - 1.06^(-n) > 0.54 <=> 1.06^(-n) < 0.46 <=> -n < -13.33 <=> n > 13.33.
So, the subscriber should live more than 14.33 years ( 13.33 + 1 years for another next year subscription) to make the lifetime subscription a better choice.
So, a is the correct choice.
Answer:
(a) estimated bad debts is $42,500
(b) estimated bad debts is $34,000
Explanation:
(a) 1,700/4%= 42,500
(b) 1,700/5%=34,000
What do you mean bro? I don't understand...like what kind of answer, your question is kind of interesting though.