Answer:
which enables the creditor to have recourse to the property if the debtor defaults in making payment or otherwise performing the secured obligations
Explanation:
Answer:
Historical costs is objectively and precisely measured, whereas market values can be difficult to estimate, and different analysts would come up with different
values.
Explanation:
In preparing a balance sheet it is customary for a company to value the assets and other items based on historical costs rather than market values.
For example if an asset is purchased at $20,000, this value will reflect in the balance sheet in subsequent years. Or future calculation will be based on this.
Let's say yearly depreciation is $1,000 then after on year the value will be $19,000, after two years $18,000 and so on.
This is more object than market value which varies at any one time.
Market value for an item will vary depending on location and the market.
Answer:
$5,382
Explanation:
both property taxes and mortgage interests are tax deductible if Kara decides to itemize her deductions:
her total reduction in federal income taxes will be = ($11,940 + $6,000) x 30% = $5,382
by itemizing her deductions Kara will save = ($11,940 + $6,000) - $12,200 standard deduction = $5,740 x 30% = $1,722
Among the statements this is true: Attorneys and teachers have the least amount of training.
These professionals require a lot of training in their field of work because they are always in the line of question. Lawyers have to perform in and out of the court, with or without their clients in question; while teachers have to perform and act in such manner that they are always held in high regard by people around them.