Answer:
Correct option is (D)
Explanation:
Given:
Purchase price of copyright = $50,000
Expected useful life = 5 years
Annual depreciation expense as per straight line method:
= Purchase price ÷ useful life
= 50,000 ÷ 5
= $10,000
Only useful life is considered and not legal life.
Carrying value of asset at the end of year = Book value of asset - annual depreciation
Carrying value of copyright at then end of first year = 50,000 - 10,000 = $40,000
Carrying value of copyright at then end of second year = 40,000 - 10,000 = $30,000
It has a microchip built into it that you would insert into a machine instead of swiping it.
Answer:
In which type of economy is a business owner most likely to benefit from free enterprise? (1 point) In a market economy because there is lots of competition and not much take back from the government. This economy is ideal for a free enterprise.
A form that records the cheque amount, date, payee and purose of the check is called a <u>debit</u>.
A cheque, or take a look at (American English; see spelling variations), is a report that orders a financial institution (or credit union) to pay a particular amount of money from a person's account to the person in whose name the cheque has been issued.
The character writing the cheque, referred to as the drawer, has a transaction banking account (often called a cutting-edge, cheque, chequing, checking, or proportion draft account) wherein the cash is held. The drawer writes diverse information inclusive of the monetary quantity, date, and a payee on the cheque, and symptoms it, ordering their bank, known as the drawee, to pay the amount of money said to the payee.
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