12000*12= 14400 for a year
Answer: $6780
Explanation:
Asset recorded in books of timble will be:
= (PVAF at 5%, 8 × Annual CF) + (PVAF at 5%,8 × salvage)
where CF = cash flow
PVAF = present value of annuity factor
= (6.80 × 9000 ) +(0.66 × 10000)
= 61200+ 6600
= $ 67800
Since the equipment has an expected life of ten years with no anticipated salvage value, then the depreciation will be:
Depreciation = 67800 ÷ 10
= $ 6780
Answer:
<em>Control environment; risk assessment process; control activities; the information system, including related business processes; and monitoring of controls.</em>
Explanation:
<em>From the following, the </em><em>OPTION which best illustrates the interrelated components </em><em>of internal control is </em><em>OPTION (C).</em>
Because as we know that interrelated components of internal control consists of co-ordination, as well as handling and controlling the system, taking illustration of the work and making of positive decisions.
So this is the reason OPTION (C) will be the answer, as it also consist all of the components which are present in interrelated components of internal control.
Answer:
The probability that at least one student majors in accounting=0.3×0.3×0.3=0.027
Explanation:
<em>Step 1: Determine the number of accounting majors in a business</em>
N=P×S
where;
N=number of accounting majors
P=probability of accounting majors
S=sample size
This can also be written as;
Number of accounting majors=probability of accounting majors×sample size
In our case;
Number of accounting majors=unknown, to be determined
Probability of accounting majors=30%=30/100=0.3
Sample size=3 business majors
Substituting;
Number of accounting majors=0.3×3=0.9
<em>Step 2: Determine the chance that at least one student majors in accounting</em>
The probability that at least one student majors in accounting=0.3×0.3×0.3=0.027
