Answer:
The depreciation deduction for the year is $583.33
Explanation:
Depreciable basis = $7,000
Number of years = 7 years
Depreciation per year = $7,000 / 7 years
Depreciation per year = $1,000 per year
Assuming year end is December 31, 2019
Number of month passed in 2019 = December 31, 2019 - June 1, 2019 = 7 months
Depreciation for the year 2019 = $1,000 x ( 7 / 12 ) = $583.33
So the depreciation deduction for the year is $583.33
The method of communication which is likely to be most effective for conveying sensitive or important information Short face-to-face meetings.
<h3>
What is Effective Communication?</h3>
Effective communication refers to the process of exchanging ideas, thoughts, opinions, knowledge, and data so that the message is received and understood with clarity and purpose by the communicating parties.
Effective communication is centered on the ability of both parties to fully understand what was communicated and a very precise way of doing this is through short face-to-face meetings.
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Answer:
This type of income is known as non-operating income in the financial statements
Explanation:
Non-operating income, as the world implies, is the income that a firm earns from activities that are not related to its main economic activity. An example would be a mall, whose main activity is the rental and management of commercial real estate, earning some income from short-term investments in the secondary market. This interest would be reported as non-operating income, and would be treated as such for financial, accounting, and tax purposes.
Answer: Sequential Interdependence
Explanation: Sequential Interdependence may be explained as a manufacturing sequence, organization or coordination whereby a work or production process or routine between subunits or subdivisions is largely reliant on the output or completion of the preceeding unit.
Here, the preceeding step lays the foundation and determines what is done what in the nest process as they have to rely on the information, output, specification and recommendation of the preceeeding process. Hence, the next subdivision's process depends on the resources associated with the current subdivision. Therefore, each subdivision has to complete its process before the start of the next phase.
Answer:
Total= $77,153
Explanation:
Giving the following information:
Cullumber, Inc., management expects the company to earn cash flows of $12,900, $16,300, $18,600, and $19,800 over the next four years.
The discount rate is 10%.
To calculate the future value, we need to use the following formula for each cash flow:
FV= PV*(1+i)^n
Cf1= 12,900*1.1^3= 17,169.9
Cf2= 16,300*1.1^2= 19,723
Cf3= 18,600*1.1= 20,460
Cf4= 19,800
Total= $77,153