Answer:
b. $4,908,000
Explanation:
According to the FASB GAAP, the straight line method is used in this given question which is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($40,900,000 - $4,090,000) ÷ (15 years)
= ($36,810,000) ÷ (15 years)
= $2,454,000
In this method, the depreciation is same for all the remaining useful life
For two years, the accumulated depreciation would be
= Annual year depreciation × number of years
= $2,454,000 × 2 years
= $4,908,000
Answer:
Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.
If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.
We know that if a person stay at home and eat delicious home-cooked then he must use some ingredients to cook food.
Therefore, the opportunity cost of eating the home-cooked meal is five-dollar Burger Joint gift card and the value of ingredients that are use in the home-cooked food.
Answer:
Book Value at end of year 6 = $100,000
Explanation:
An Asset is depreciated to salvage value therefore when depreciation is complete the book value equals salvage value or zero.
Salvage value is an estimated value of what the company expects to earn after using the asset maybe when selling off the asset.
The ending inventory of the previous period is the beginning inventory of the current period.
Beginning inventory is the amount of a product. A commercial enterprise has in stock at the start of an accounting length which includes a month or 12 months. due to the fact each accounting length connects to the subsequent, the beginning inventory of one length will be similar to the ending inventory of the previous.
Beginning inventory, or opening inventory, is your inventory cost at the beginning of an accounting duration. For that reason, finishing inventory, or last inventory is the cost of the stock at the top of an accounting duration.
Ending inventory is the value of goods nevertheless available for sale and held via a business enterprise at the end of an accounting length. The dollar amount of ending stock may be calculated by the usage of multiple valuation techniques.
Learn more about Beginning inventory here: brainly.com/question/24868116
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Answer:
a). Unemployment rate in March=8%
b). Unemployment rate in April=9.4%
Explanation:
a).
The unemployment rate can be expressed as;
R=P/L
where;
R=unemployment rate
P=number of unemployed persons
L=labor force
In our case;
R=unknown
P=number of unemployed persons=labor force-number of employed persons
P=100-92=8 million
L=100 million
replacing;
R=8/100=0.08×100=8%
The unemployment rate in March=8%
b).Unemployment rate for April
Unemployment rate={(total unemployed+discouraged workers)/(labor force+discouraged workers)}×100
total unemployed=8 million
discouraged workers=1.5 million
labor force=100 million
replacing;
Unemployment rate=(8+1.5)/(100+1.5)=(9.5/101.5)×100=9.4%
Unemployment rate in April=9.4%
