Answer:
$3,000 and $35,000
Explanation:
The computations are shown below:
The depreciation expense would be
=(Original cost - residual value) ÷ (useful life)
= ($50,000 - $5,000) ÷ (15 years)
= ($45,000) ÷ (15 years)
= $3,000
In this method, the depreciation is same for all the remaining useful life
The book value would be
= (Original cost of equipment) - (depreciation × number of years)
= ($50,000) - ($3,000 × 5 years)
= $50,000 - $15,000
= $35,000
Answer: Option D
Explanation: The set of activities done by a company for marketing its product is called marketing mix. These are the factors that affect the marketing results of the entity and should be considered thoroughly while decision making.
Seven elements of marketing mix are :-
1. Product
2. Price
3. Place
4. Promotion
5. Packaging
6. Positioning
7. People
THUS, DISTRIBUTION IS NOT ITS PART.
Answer:
$0
Explanation:
The computation of the annual amortization for goodwill is shown below:
As we know in the case of goodwill, the impairment test is to be done on periodic basis and if there is any fall in the value so the same is to be reported as the impairment loss
So for goodwill, no amortization is to be done
hence, the annual amortization is zero
Available Options are:
1 Cost approach
2 Market data approach
3 Income approach
4 Gross rent multiplier
Answer:
Market data approach
Explanation:
The Market data is more relaible source to finding the home's market value. As in the given scenario, it is evident that the property is not an investment property, hence it is more appropriate to find the asset's value using the market data rather using the rental value to compute the value of the asset.
