Answer:
Yes Yes
Explanation:
The fair value of each asset is less than book value implying that both firms have a loss. Losses are recognized in full regardless of whether there is commercial exchange.
Answer:
The answer is A.
Explanation:
If a a product is price elastic that means it is sensitive to price. If there is an increase in price, the quantity demanded of that product will drop and if there is a decrease in price, the quantity demanded of that product will rise. Price elasticity has a value greater than one.
Because the price rose from $200 to $250, quantity demanded fell from 8000 units to 6,000 units.
If it were to be inelastic, the quantity demanded will not change or will change with very little percentage.
Answer:
The budgeting recommendations will be cutting the expenses on feeding, groceries and every other expenses, in other to save over the next five years. This will prepare Leyia and Larry beforehand to begin a family and also, mitigate hosterity effects of their variable expenses financially for an anticipated $2,400 loss of income for 18 months as well as the expenses for the new baby.
Explanation:
Beginning a family can be a tough task for low income earners. Leyia and Larry will need to wait for five years and cut their expenses( Every expenses) over this waiting period of five years. By so doing, they will have saved enough money to carter for the expenses of new baby.
Also, a $2,400 loss of income, in 18 months is anticipated. Cutting of expenses over the period of five years will reduce the financial hardship effects on the family which Leyia and Larry will begin, after the stipulated five years.
The reason you want all property owners present at a listing appointment is that <u>tax information, and legal description</u>.
Property is any object that a person or an enterprise has a felony name over. property can be tangible objects, which include houses, cars, or home equipment, or it is able to seek advice from intangible items that bring the promise of future well-worth, together with stock and bond certificate.
Property ownership may be non-public, collective, or commonplace; with the prison dedication relating to who has the 'package deal of rights and obligations over the assets. Property is called being self-propagating, which means that the belongings owner is legally entitled to very own the financial benefits of that assets.
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Answer:
$25,280 per year
Explanation:
The computation of the revised depreciation for both the second and third years is shown below:
But before that following calculations need to be done
Depreciation for year 1 = [Cost – Salvage Value] ÷Useful Life
= [$65,200 - 2,000] ÷ 5 Years
= $12,640
Now Book Value at point of revision is
= Cost - First year depreciation
= $65,200 - $12,640
= $52,560
Now
Remaining Depreciable Cost = Book Value at the point of revision - Salvage Value
= $52,560 – 2,000
= $50,560
And, finally Depreciation per year for Year 2 and 3 is
= Depreciable cost / Remaining useful life
= $50,560 ÷ 2 Year
= $25,280 per year
