Answer:
The answers are $20,000 and $17,500.
Explanation:
Straight Line Depreciation is a calculation made to find the amount that an asset's value has reduced over a certain period of time.
The formula for it is .
The cost of the asset is $200,000 but for the first year there are also the freight, wiring and installation costs which apply just once and they come up to $25,000 in total.
So the depreciation for year one is going to be which is $20000.
The depreciation for year two is going to be which is $17,500.
I hope this answer helps.
The indirect approach is one in all accounting treatments used to generate cash go with the flow announcement. The indirect method uses increases and decreases in stability sheet line items to modify the operating phase of the coins float statement from the accrual technique to the coins technique of accounting.
The coins waft direct approach determines changes in coins receipts and payments, which might be stated in the cash waft from the operations phase. The indirect method takes the internet profits generated in a period and provides or subtracts modifications inside the asset and liability accounts to decide the implied coins float.
The indirect method for a cash flow assertion is a way to give facts that shows how a great deal of cash an organization spent or made all through a certain period and from what assets. It takes the organization's net earnings and provides or deducts stability sheet items to determine whether coins go with the flow.
Learn more about the indirect method here:
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<span>Rather than subscribing to a public microblogging service, some companies implement corporate communication circuits that are intended for internal use only. The corporate communication circuits are available only in the company and the communication lines, networking and processing units are closed for access from outside the company. </span>
Answer:
The statement is: True.
Explanation:
The disposal of assets implies removing assets from a company's accounting books. By doing so, the company must record the gain or loss over the asset when the disposal happens. That is determined by comparing the book value of the disposed asset with the market value of the acquired assets -if any.
Answer:
< Bestiary of Behavioral Economics. Overconfidence is a common tendency to overestimate one's ability to predict and control future outcomes. It is recognized in psychology as well as economics and has been blamed for countless counterintuitive economic outcomes.