Under the double declining balance method, depreciation is twice or 200% of the straight line
depreciation rate. Its
computation is as follows:
Straight-Line Depreciation Percent = 100% /10 years = 10% /
year.
Depreciation Rate = 2
x 10%
<span> = 20% /year.</span>
Depreciation for a
Period = 20% x Book Value at Beginning of the Period of January 1
Depreciation for
Period 1 (first year) = 20% x $5,400 = $1080
Depreciation for
Period 2 (second year) = 20% x ($5,400- $1080)
<span>
= 20%($4320)</span>
<span>
= $864</span>
1) Many firms
2) Few artificial barriers to entry
3) Slight control over price
4)Differentiated products
Answer:
D. an increase in the price of a good causes a decrease in market demand for that good.
Explanation:
First, if prices decrease, then people will feel wealthier and consume more and the aggregate demand increases. (Pigou´s effect)
Second, if interest rates decrease available domestic investors will invest in foreign countries where return (interest rates]) on investments are higher. If domestic investors invest in foreign countries the supply of dollars will increases. This will decrease the real exchange rate and then exports will be affected in a positive way; exports will increase and thus the aggregate demand.
Third, when the price level is down, consumers demand less currency, which means that they will keep more money in their bank accounts. If banks have more money, then the interest rate for loans decrease. If interest rates decrease, the cost of investment decreases too. Then, if the price for investment decreases, the demand for it increases and the aggregate demand decreases too.
Answer:
Date - December 14, 2020
Debit : Dividend $16,000
Credit : Shareholders for dividends $16,000
Date - January 16, 2021
Debit : Shareholders for dividends $16,000
Credit : Cash $16,000
Date - December 12, 2021
Debit : Dividend $62,000
Credit : Shareholders for dividends $62,000
January 15, 2022
Debit : Shareholders for dividends $62,000
Credit : Cash $62,000
Explanation:
Dividends are initially declared before they are paid to the respective shareholders. So it is important to first record the journal at the <em>declaration date</em> of the dividend, then the <em>payment date</em> of the dividend as shown above.
Describe business owner policy.
One business insurance coverage known as a Business Owner's Policy (BOP) combines business property and liability insurance. BOP insurance aids in protecting your company from claims brought about by fire, theft, and other covered events.
A unique sort of commercial insurance created specifically for small and medium-sized firms is known as a business owner's policy.
Liability, property, and business income insurance coverages are the three main categories of coverage included in the BOP. These specifically consist of: If your company is accused of harming another person or causing bodily harm while conducting business, general liability insurance will defend your company against legal action.
Learn more about Business Owner's Policy here
brainly.com/question/23282485
#SPJ4
