Answer:
$45,000
Explanation:
The computation of the income during the period is shown below:
Beginning stock holder equity
= $100,000 - $60,000
= $40,000
And, the ending stockholder equity is
= $175,000 - $105,000
= $70,000
Now the net income is
As we know that
Net income = Ending balance + withdrawls - opening balance
= $70,000 + $15,000 - $40,000
= $45,000
A shortage is a term used to refer to the supply not being enough to accommodate the needs of all its users. This means that the gasoline supply may run out if not replenished and used properly. The shortage be eliminated by replenishing the supply or limiting the activities that would require the use of gasoline.
Answer:
(a)service life refers to the time an asset will be used by a company and physical life refers to how long the asset will last.
Explanation:
Major difference between service life and physical life of an asset is about the tenure it will be used as the service life is the total duration the asset will be operative and useful, whereas the physical life is the entire duration along with the time it was not put to use of an asset.
The more useful component is the service life, as during the entire tenure of physical life the asset cannot be used, and viable period is service life.
Therefore, correct statement is
(a)service life refers to the time an asset will be used by a company and physical life refers to how long the asset will last.
Hi there
Salvage value is not taken into consideration the law allows you to fully depreciation the entire cost of the asset.
So it's c
In recent years, both China and India have seen rapid economic growth and urbanization as their populations have grown larger. While these changes have helped many citizens reach middle-class status, the one significant area negatively associated with this expansion is that the amounts of environmental pollutants have increased.
<h3><u>Why economic groth causes pollution ?</u></h3>
- Economic expansion is linked to environmental degradation in the initial phase. At this point, the expansion of industry in less developed nations results in higher production of goods requiring a lot more energy and higher emissions of pollutants.
- Due to increased environmental awareness, adjustments in production, and tighter environmental restrictions, the tendency of environmental degradation steadily diminishes with the expansion of services and knowledge-based, technology-intensive sector.
- One may get the conclusion that economic growth in China and India appears to be inevitable. It is necessary for the continued growth of the nations and wealth of the local populace.
- On the other side, it may also be accompanied with a wide range of environmental issues and a decline in the state of the nation's health.
- Both nations have made the decision to pursue more economic development in the hopes that it will spare them from a humanitarian and environmental catastrophe.
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