Answer:
the yearly depreciation expense is $5,500
Explanation:
The computation of the yearly depreciation expense using the straight line method is as follows;
= (Purchase cost - salvage value) ÷ (estimated useful life)
= ($24,000 + $800 + $1,200 - $4,000) ÷ (4 years)
= ($26,000 - $4,000) ÷ (4 years)
= $22,000 ÷ 4 years
= $5,500
hence, the yearly depreciation expense is $5,500
Answer:
Compulsory education
Explanation:
Compulsory education can be defined as the duration of time by law that is compulsory for children to start their education or start to attend school , although the period of time in which this children start their education depend on their age and in some cases the legal law of COMPULSORY EDUCATION may want parent to send their children to either Public or Private schools for a period of time.
Therefore we can vividly say that Parental freedom is limited by laws requiring what we called COMPULSORY EDUCATION .
The right answer for the question that is being asked and shown above is that: "opportunity cost."A business chooses to build army tanks rather than butter-making machines, bread machines, or candy vending machines. These other alternatives are called <span>opportunity cost</span>
Answer:
The answers are,
1) Perfectly Identical
2) many
3)takers
4)false
Explanation:
Lettuce is a commodity that can't be differentiated much based on the product. It can be however, differentiated from branding, packaging, etc.
But since the Lettuce is a broad category, we can assume that it is a competitive market.
Perfectly competitive markets do not really exist in the real world and are more of a hypothetical scenario. However, knowing the concept allows businesses and governments to make sound economic decisions regarding production and consumption.
Answer: D. Specific identification
Explanation: The specific identification method of inventory taking is probably the most time consuming. This is because it is based on principles which are: being able to track each item in an inventory; being able to track the cost of each item individually; being able to relieve inventory for the specific cost associated with an inventory item when it is sold. It is quite clear then that despite its high degree of accuracy to the cost of inventory, it is very time-consuming as it tracks inventory items on individual unit basis restricting its use to smaller inventory volumes and smaller firms.