Answer:
Annual depreciation= $13,200
Explanation:
Giving the following information:
Cutter Enterprises purchased equipment for $72,000 on January 1, 2010. The residual value of $6,000 at the end of five years.
Under the straight-line method, the annual depreciation is constant trough the entire useful life. We need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (72,000 - 6,000)/5= $13,200
Answer:
Option D. It prepares employees for different positions and jobs that do not exist yet.
Explanation:
The reason is that employee development plan is to equip the existing employee with the skills that will result in increase in the employability and promotion. This will also result in increased motivation, efficiency gaining, better employee decision making, increased employability, promotions, etc. This is more in cards for employees than the employers. Thatswhy it is termed employee development programs.
Answer:
False
Explanation:
A deferred annuity is a contract that guarantees a regular income or lump sum payments at a future date. It is a popular and effective way to supplement one's income in retirement days. Insurance companies mostly offer deferred annuities. The insured pays their premiums now and opts to delay in collecting their benefits until some later years. Deferred annuities are also a way of making long term savings.
