The answer is Mens Rea which literally translates from Latin as guilty mind. Establishing the mens rea of an offender is usually necessary to prove guilt in a trial. The mens rea requirement is based upon the idea that one must possess a guilty state of mind and be aware of misconduct. However, a defendant doesn´t need to know that their conduct is illegal to be guilty of a crime.
Answer:
The amount of impairment loss should C&R recognize is $6,700,000
Explanation:
According to the given data we have that the book value of division's assets is $28.9 million and fair value of division’s assets is $22.2 million.
Therefore, in order to calculate the amount of impairment loss should C&R recognize we would have to use the following formula:
impairment loss=book value of division's assets - fair value of division’s assets
impairment loss=$28.9 million-$22.2 million
impairment loss=$6,700,000
The amount of impairment loss should C&R recognize is $6,700,000
Answer:
$4,000
Explanation:
Given that,
Last year:
DVDs sold = 10
Selling price of each DVD = $20
DVD players sold = 5
Selling price of each DVD player = $100
This year:
DVDs sold = 150
Selling price of each DVD = $10
DVD players sold = 10
Selling price of each DVD player = $60
Real GDP:
= (No. of DVDs sold this year × Selling price of each DVD last year) + (No. of DVD players sold this year × Selling price of each DVD player last year)
= (150 × $20) + (10 × $100
)
= 3,000 + 1,000
= $4,000.
Answer:
$60,000
Explanation:
Given:
Purchase Price = $300,000
Estimated Life = 10 Year
Residual Value = $50,000
Method = Double-Declining-balance
Computation:
Rate of Depreciation = [(Price - Residual value) / Estimated year] / (Price - Residual value)
= [($300,000 - $50,000) / 10] / ($300,000 - $50,000)
= $25,000 / $250,000
= 0.1 or 10%
Under Double-Declining-balance rate = 10% x 2 = 20%
Depreciation = Purchase price x deprecation rate
= $300,000 x 20%
= $60,000