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3 years ago

The depreciation method that charges the same amount of expense to each period of the

Business

1 answer:

Vadim26 [7]3 years ago

6 0

Answer:

The straight-line depreciation method

Explanation:

Under the straight-line method, the depreciation amount is a percentage of the asset value at cost. The percentage is the depreciation rate. It is obtained by dividing one by the number of useful years.

i.e. depreciation rates =1/ useful life x 100.

Since the depreciation rate will be constant, and the asset cost does not change its value, the depreciation amount will be a constant figure throughout the useful life of the asset.

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Nền kinh tế Việt Nam đang vận hành theo:

Vera_Pavlovna [14]

Answer In English: Vietnam's economy is operating according to ...

5 0

3 years ago

In the disaster recovery plan, each response should detail the use of resources and assign only those resources needed to ______

oksano4ka [1.4K]

In the disaster recovery plan, each response should detail the use of resources and assign only those needed to Fix the problem.

The definition of aid is something that is prepared to apply if or whilst it's far wanted. An instance of a resource is extra cash in a financial savings account. An example of a helpful resource is a chum with electrical capabilities who has volunteered to help install a lights fixture. An instance of a helpful resource is spring water on a chunk of land.

An aid is something that can be used for making profits or benefits, whether or not that be a supply, delivery, or aid. Assets are regularly herbal sources of wealth or functions to enhance the quality of life.

Resource refers to all the substances available in our environment which might be technologically on hand, economically feasible, and culturally sustainable and help us to fulfill our wants and needs.

Learn more about the Resource here brainly.com/question/1290230

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5 0

1 year ago

Suppose the government spends $500 billion during the fiscal year 2014 on goods and services. In addition, the government collec

Delicious77 [7]

Answer:

170 billion ; deficit

Explanation:

Given:

Amount spent by the government = $500 billion

Tax revenue collected = $480 billion

Transfer payments = $150 billion

Now,

The budget balance for government

= Tax revenue - Amount spent - Transfer payments

= $480 billion - $500 billion - $150 billion

= -170 billion

Here the negative sign depicts the deficit

Hence,

The answer is option 170 billion ; deficit

5 0

4 years ago

Tamarisk Corporation acquires a coal mine at a cost of $464,000. Intangible development costs total $116,000. After extraction h

Strike441 [17]

Answer:

Journal Entry

Date Description Debit Credit

Depletion expenses $85,260

Accumulated Depletion $85,260

Explanation:

Total cost of MIne

Cost of acquisition $464,000

intangible development cost 116,000

Obligation cost 92,800

salvage value (185,600)

487,200

Depletion cost per ton = $487,200/4640 tons

= $105/ton

Depletion expenses for the year = $105 x 812 = $85,260

7 0

3 years ago

You plan to borrow $35,000 at a 7.5% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year p

Alexeev081 [22]

Answer:

$2,250

Explanation:

Since terms require you to amortize the loan with 7 equal end-of-year payments, it implies that interest will be paid on the amount outstanding balance for a whole year.

The would be paid in Year 2 can therefore be calculated as follows:

Equal amount of the loan principal = Loan amount / Number of equal end-of-year payments = $35,000 / 7 = $5,000

Loan balance outstanding throughout Year 2 = Loan amount - Year 1 end-of-year payment = $35,000 - $5,000 = $30,000

Year 2 interest payable = Loan balance outstanding throughout Year 2 * Annual interest rate = $30,000 = 7.5% = $2,250.

Therefore, you would be paying $2,250 interest in Year 2.

3 0

3 years ago