Most of us have to work for a living, and a job is a central part of our lives. So why do managers have to worry so much about e
1 answer:
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Answer:
prepare an expense record, and make certain that his credit is good so he can continue to spend more than he makes
Explanation:
Since in the question it is mentioned that an individual is recently hired as a financial analyst for a big company he remebered that how he can manage his personal finance and the financial concerns so in order to maintain its approach with respect to his own finance we should suggest that first prepare the record of an expense and also certain about the good credit score so that he is able to spend more
Therefore the first option is correct
Answer:
B) A gain would be less or a loss would be greater using straight-line depreciation.
Explanation:
In straight line method of depreciation there is a fixed amount of depreciation, and in double declining method the rate is double of straight line method,
Let us take an example,
Cost of asset = $500,000
Selling price at end of 2nd year = $300,000
Straight line depreciation = $100,000 for each year i.e. $500,000/5
Double declining method rate = ($100,000/$500,000) 100
2 = 40%
Therefore value at end of second year
Straight line = $500,000 - ($100,000 2 ) = $300,000
Double Declining method = ($500,000 -40%) - 40% = $180,000
In case of sale at $300,000
Profit shall be
Straight line = $300,000 - $300,000 = 0
Double Declining = $300,000 - $180,000 = $120,000
Now, there will be more profit in double declining that is gain is less in straight line and losses would be greater in straight line thus statement B is correct.