We can compute this using the Annual depreciation charge
Use the formula:
depreciationcharge= (Co-Cn)i/[(1+i)^n-1)]
where
Co= initial amount= $100,000
Cn- value after n years= $0
n= life of account= 6
i= interest rate=10%
Sunstituting all the values, we will get,
depreciation charge = $12960.74
The bank will have to pay Sara shouppe $12960.74 for the investment of $100000 with 10% interest.
Answer:
c. auditors and financial statement users.
Explanation:
This is because, the auditors and the financial statement users tends to have different views on what their responsibilities are. Since their views differs, their tend to be a gap which occurs. <em>This gap is called audit expectation gap. This could be minimized through self regulating auditing of the financial statement before the final auditing by auditors.</em>
<span>salaries payable: (17,800/5)*2= 7,120 (credit)
salaries expenses: 7,120 (debit)</span>
Answer: A company is classified as simple business when revenues generated by the dominant business are greater than 95%.
Explanation: The advantage of having a company where its profits come from a single type of activity, is that they concentrate all their forces and can have a better competitive advantage than in the opposite case, activities are diversified. Example: A company dedicated to the manufacture of private vehicles would be simple if it only executes the manufacture of vehicles and diversified when it sells in addition to private vehicles, trucks and motorcycles.
