Answer:
Option C is correct
Explanation:
Using straight line depreciation method we can calculate the annual depreciation of the machinery, which can be calculated from the following formula:
Straight Line Depreciation = (Cost - Salvage Value) / Useful value
Straight Line Depreciation = ($95000 - $5000) / 5 years life = $18,000
The double entry would be:
Dr Depreciation Expense $18,000
Cr Accumulated Depreciation $18,000
Answer:
The total deductible amount of these expenditures is $450.
Explanation:
Half of any cost of meals and entertainment to which business discussion is associated and appropriate records kept is allowed to be deducted.
Since it is only tickets to the opera with a client following a business meeting that meet this condition, 50% of the total amount of $900 which is $450 is deductible.
Answer:
B. a decrease of $30,000
Explanation:
The computation of company’s overall profit is shown below:-
To continue = Contribution margin - Fixed cost
= $65,000 - $70,000
Loss = $5,000
To Discontinue = Unavoidable fixed cost ÷ 2
= $70,000 ÷ 2
= $35,000
So, Net Loss = To continue (Loss) - To Discontinue
= $5,000 - $35,000
= $30,000
Therefore there is a decrease of $30,000
Answer:
She should use;
B. Easement
Explanation:
We can explain each word given as follows;
1. Encumbrance: this is a claim by a non owner to a property. Encumbrance can restrict or limit the usage and transfer of the property to another owner until it is lifted.
2. License: this is a document that gives one the authority or the right to undertake a given activity. The activity is usually professional or business. In case of a professional, the license can be in the form of a practicing license provided by a regulatory body. In the case of a business, a business license can be sought out from the relevant governing authority whose jurisdiction the business falls.
3. Covenant: a covenant is a mutual agreement between two or more parties on a common thing. The covenant is usually formal and can be legally binding.
4. Easement: an easement is a right that is given temporarily by the owner to another individual to enter or access the owner's property. The usage of the property by the non owner must be specific. In general, easements are common especially when dealing with utility companies or in usage of access roads. In our case, the homeowner being the owner of her yard gave an easement to reach a basketball court by granting seasonal permission to cross the yard.
I believe the answer is: D. automotive master mechanic
Automative master mechanic's main duty is to examine vehicles that come in and determine what causes it malfunctions. They also conduct both test drives and diagnostic process to determine whether the vehicles would need maintenance or not. These jobs need someone who excel at troubleshooting and problem solving.
