Answer:
2500
Explanation:
First depreciate for 6 years using regular method: (Cost - Salvage Value)/Initial Useful life
(50,000-10,000)/8 = 5000 <- this is annual depreciation
For 6 years, $30,000 accumulated depreciation
Now to calculate change in useful life, you do (Cost - Accumulated Depreciation - Salvage Value)/Remaining Useful life
Remaining Useful life = 10-6 = 4
(50,000-30,000-10,000)/4 = 2500
<u><em>SIMPLY: </em></u>
<em>ANSWER</em>:
<u>Though a bank in itself is a financial institution, it differs from other financial institutions by a significant extent. The most prominent difference is the fact that they provide the facility of depositing cash by resorting to savings account―something which the non-banking financial institutions are not entitled to do</u>
<u>Difference between Banks and Financial institutions</u>
<em>It is a tough task to compare the two as there exist several financial institutions, and each of these differ from banks by a significant extent. Differentiating between banks and financial institutions is as good as comparing a deposit-taking financial institution with a non-deposit-taking financial institution.
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<em>If that criteria is taken into consideration both financial set-ups differ from each other on the basis of depositing facility, which is only provided by banking institutions. That’s true to a certain extent, but it is by no means complete.
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<em>Even though banks are deposit-taking financial institutions themselves, they can at times differ from other deposit-taking financial institutions. Credit unions, for instance, allow consumers to deposit (or borrow) money, but in order to avail this facility, you need to be a member of the said credit union.
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They both will confess to the other's crimes.
They both could get lighter sentences for co-operating with each other, but since they are not allowed to communicate with each other, and hence will have only their best interests in mind, to betray the other for his own good. However, when they both do this, it becomes a double betrayal, and hence their sentences become even longer.
Answer:
Actual Inventory $ 343640
Explanation:
FOB Shipping point means as soon as the goods are sold they are the buyer's property and must be excluded from the inventory.
FOB destination means that the goods are the seller's property and responsibility unless the goods reach the destination. They are included in the seller inventory unless the buyer gets them.
Inventory sent on consignment is also counted in the cosigner's inventory.
The inventory costing $20,800 that was sold on December 28, terms FOB shipping point will not be included in the seller's inventory. They are now the buyer's responsibility.
Windsor, Inc
Inventory Stock Count on 31 Dec $301,000
Add inventory sent on consignment $29,120
Add Inventory purchased FOB shipping $13,520
Actual Inventory $ 343640
It is <u>False</u> that if a corporation has S corporation status, it must pay income taxes at the corporate level.
<h3>What is an S corporation?</h3>
An S corporation is a corporation whose profits or losses are not assessed for corporate taxes.
Instead, the profits and losses of an S corporation are passed through to the business and reported on the owners' personal tax returns.
Thus, it is <u>False</u> that if a corporation has S corporation status, it must pay income taxes at the corporate level.
Learn more about S corporation income tax status at brainly.com/question/14778467
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