I think it’s B: the 529 college savings only
A private not-for-profit entity estimated its Allowance for Contractual Adjustment. During the next year, the hospital found that the actual total of contractual adjustments applied to receivables on hand at the end of the previous year was $4,000 higher than the estimate. How should the difference be reported
Answer:
b. $10,000 and $25,000
Explanation:
For computing the the book value of an asset
, first we have to determine the depreciation expense which is shown below"
So, under the straight-line method, the depreciation expense would be
= (Original cost - residual value) ÷ (useful life)
= ($45,000 - $5,000) ÷ (4 years)
= ($40,000) ÷ (4 years)
= $10,000
For two years, the depreciation would be
= $10,000 × 2 years
= $20,000
In this method, the depreciation is same for all the remaining useful life
Now the book value would be
= Acquired value of an asset - accumulated depreciation
= $45,000 - $20,000
= $25,000
<span>The government might become involved when there are human rights issues at stake, when there are issues with revenues at the federal level, and when competition is threatened by the rise of companies that are monopolizing certain areas. Human rights issues might make it less possible for certain classes of people to be a part of the economy, lack of revenue collection (for things like taxes) might require federal intervention to instigate changes in tax codes, and monopolies might threaten the ability for some companies to get a foothold in a certain industry. So the correct answer is TO PROVIDE PUBLIC GOODS AND SERVICES TO ITS CITIZENS.</span>
