Answer:
Something that is not an example of a financial transaction is a man throwing a pack of gum at a giraffe. You did not give any options, so this is the only answer I can give you.
Explanation:
Hope this helps :)
Hope they did good on the semantic map
A
Explanation:
Because the judgement of executives does not adequately factor into a mathematical equation. it's like a judgement call only whereas the others can be used in an equation manner
Answer:
The equipment originally cost 40,000 and has a salvage value of 8,000, which means that the amount that can be depreciated is 32,000. It has a life of 8 years and follows a straight line method so the yearly depreciation would be 32,000/8= 4,000.
The depreciation for the first 2 years is 4000*2= 8,000
So the book value of the asset is 40,000-8000= 32,000
Since according to the new estimate the total life is 5 years, and 2 years have already passed the remaining life of the asset is 3 years. Also since there is no change in salvage value the amount that can be depreciated is 32,000-8,000= 24,000
To find out the deprecation in year 3 we will divide 24,000 by the reaming life which is 3.
24,000/3= 8,000
The depreciation expense in year 3 would have been $8,000
Explanation:
