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Answer:
$19,200
Explanation:
Given
Cost of equipment = $72,000 Date of purchase = January 1, 2021.
Useful period = 5 years
Residual value = $6,000
Annual depreciation using straight line method
= ($72,000 - $6,000)/5
= $66,000/5
= $13,200
Annual depreciation using the double declining method
= $13,200 * 2
= $26,400
By December 31, 2022, 2 years depreciation would have been computed on the asset, hence
Book value at December 31, 2022 = $72,000 - 2($26,400)
= $72,000 - $52,800
= $19,200
Answer:Umm fade out is the opposite if fade in, but it might not be correct.
Explanation:
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Answer:
Comparability
Explanation:
Comparability is a characteristic of the information presentation of accounting information. It is required that the use of standardized accounting principles aid in making the accounts of two different enterprises to be compared to enable decision making among investors or for the allocation of investible resources. Without this comparability it becomes difficult to determine where resources would be put. Comparability can also be applied with the same company when it is able to compare its performance from one period to the other. This is also enabled by the use of standardized principles which have been consistently applied.
That The Swanson Group is located in five different countries with different departments in each country to facilitate efficient and flexible production of their merchandise implies that The Swanson Group is a <u>multinational organization</u>.
<h3>What is a multinational organization?</h3>
A multinational organization usually operates in more than one country.
Any organization that controls production activities from <u>more than one country</u> is not a national organization.
Thus, The Swanson Group is an example of a <u>multinational organization</u>.
Learn more about multinational organizations at brainly.com/question/913870