Answer:
b. $4,908,000
Explanation:
According to the FASB GAAP, the straight line method is used in this given question which is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($40,900,000 - $4,090,000) ÷ (15 years)
= ($36,810,000) ÷ (15 years)
= $2,454,000
In this method, the depreciation is same for all the remaining useful life
For two years, the accumulated depreciation would be
= Annual year depreciation × number of years
= $2,454,000 × 2 years
= $4,908,000
I believe the answer is: first step, Planning Initiation
During this step, we determine the objective, scope, and purpose of the joint operation. We also start to structured the things that can be done in order to fulfil the objective and make sure that each steps are rational and can be delivered with sufficient resources.
Answer:
Joint stock company
Explanation:
Global Shipping Corporation is a joint stock company because they have investment managers. Joint stock company is a structure in which share are sold to the stockholders of the company. Overall, the shareholders select board of directors by joint voting. In a joint stock company the shareholders are allowed to sell their shares to others.
Answer: Jeremy completed his engineering degree.
Explanation:
Since Jeremy has a college degree in engineering he makes more money than Rose who dropped out of college. College graduates are in higher demand to work the jobs that pay more than smaller companies. If Rose had of completed her college degree she could of found a job that uses her education and made more money.
Since Jeremy has a specific degree the company hired him based on his knowledge of the subject. He will be paid higher and most likely have better benefits than someone in an entry level position.
Answer:
The second alternative is the best option for the borrower as it provides the less amount of interest expense.
Explanation:
We solve for the interest expense on each alternative and pick the lowest:
(1) common note.
Principal 420,000.00
time 0.25
rate 0.04000
Amount 424,138.43
Interest expense: 4,138.43
(2) Discounted note:
Maturity $420,000.00
time 0.25
rate 0.04000
PV 415,901.9490
THe borrower recieve this amount and then, return 420,000
Interest over time 4,098.05099
