A) you own a home
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Answer:
$156
Explanation:
equipment cost = $15,500 + $1,600 = $17,100
five year useful life ⇒ double declining depreciation rate = (1 / 5) x 2 = 40%
salvage value = $6,000
- depreciation year 1 = 40% x $17,100 = $6,840, book value = $10,260
- depreciation year 2 = 40% x ($17,100 - $6,840) = $4,104, book value = $6,156
- depreciation year 3 = book value - salvage value = $6,156 - $6,000 = $156
When you use the double declining balance, depreciation expenses ceases when the book value = salvage value.
The trickiest weather condition that an individual may
encounter is an adverse weather conditions in which this type of weather produces
effects that makes an individual to find it difficult to go out or see,
examples of this is when there is a conditions such as snow, ice, rain or fog.
A major focus of the Home Mortgage Disclosure Act (HMDA) and the Community Reinvestment Act (CRA) was to identify and suppress discrimination against neighborhoods on the basis of demographics, a practice called Community reinvestment act.
<h3>What is community reinvestment act?</h3>
This is an Act passed in to law to help reduce that discrimination that often occur among the low income individual and the high class individual in a particular environment.
Therefore, A major focus of the Home Mortgage Disclosure Act (HMDA) and the Community Reinvestment Act (CRA) was to identify and suppress discrimination against neighborhoods on the basis of demographics, a practice called Community reinvestment act.
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Answer:
<em>The Options include:</em>
a. Disclosure only of the settlement
b. Only an accrual of the settlement
c. Neither a disclosure nor an accrual
<em>d. Both a disclosure and an accrual. is Correct</em>
Explanation:
Since about the 1st of February, the financial information of Ace Co., Year 2, have not been obtained and the exact amount of the final settlement is established.
The whole amount must be included in the financial information of Ace Co. on December 31, Year 1 and reported as a "subsequent event."
That is an acknowledged subsequent event because it contributes to litigation originating in year 1.
