Answer:
A) Payless made sneakers with a pattern that is similar to the Adidas logo
Explanation:
Answer:A) Payless made sneakers with a pattern that is similar to the Adidas logo
Explanation:
Why did government spending increase in the 1930s? (Business Cycles)
Answer:
The government spent money to lift the economy out of the great depression
Explanation:
Depression is an extended period of economic downturn. It starts as a recession where the economy experiences declining growth. The GDP value decreases and turns. The economy remains in a subdued state for some years. Depression is associated with massive job losses, closure of businesses, reduced prices, low production, and reduced incomes.
To get the economy out of the economic depression, the government had to apply expansionary fiscal policies to stimulate economic growth and recovery. Increasing government spending is one way of stimulating growth. The government engages in capital intensive projects such as the construction of roads, schools, hospitals, and other public amenities. This creates jobs and demand for materials, resulting in higher GDP.
nternet can contain viruses. Unless you need to edit it's safer to stay in Protected View. Enable Editing Case 6.2: The Complaint Letter 1. Briefly summarize the complaints and compliments in Dr. Loflin's letter. 2. Critique the letter of Gail Pearson in reply to Dr. Loflin. What are the strengths and weaknesses of the letter? 3. Prepare an "improved" response letter from Gail Pearson. 4. What further action should Gail Pearson take in view of this incident?
Gail Pearson's response letter to Dr. Loflin was criticized for lacking follow-up on correcting the errors. An improved response letter should emphasize the promised actions to correct the errors.
1. In Dr. Loflin's letter, she compliments Gail Pearson for her effective and efficient manner in handling their project, but complains about the report that was submitted to her as the report was filled with grammatical errors and inaccuracies.
2. Gail Pearson's response letter showed strength in its apologies and sincere acknowledgments of the errors made, as well as the promise to remedy the mistakes in future reports. However, it also showed a lack of follow-up regarding how the report would be corrected, and it included the note about Dr. Loflin's writing that was not necessary to the matter.
3. The improved response letter from Gail Pearson should emphasize the promised actions to correct the errors in the report, along with the details of how the corrections would be made. This letter should apologize to Dr. Loflin again for the inconvenience that was caused and should show empathy towards her, expressing an understanding of her frustration.
4. In view of this incident, Gail Pearson should take further action to ensure that the report is completely corrected and free of errors, and to ensure that a similar situation will not happen again. Gail should provide a plan or a detailed procedure on how they will review and correct the work, and they should include the steps that will be taken to avoid a similar mistake.
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What are the three types of money you should use when paying for college, and what type of money are scholarships and grants?.
Loans, grants, and work-study are the three categories of federal financial aid.
Grants are typically offered based on financial need, whereas scholarships are merit-based and given to students based on their academic performance, extracurricular involvement, field of study, and other factors.
Financial aid is cash that you are given or lent in order to help you pay for college. Financial aid that you don't have to pay back includes grants and scholarships. They are known as gift aid because of this.
Some college finance methods are:
Try to get a scholarship. Obtain a college grant by applying. Like scholarships, grants for college are based on financial need and are not repaid.Federal student loans and private student loans.Work study programmes at colleges.To know more about college scholarship refer to the given link:
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what is 2divided by 100
Answer:
0.02
Explanation:
Answer:
0.02 ... hope this helps :)
I need help asapppppp!
nursing is a humanitarian service give reason
Where do financial institutions get the funds that they lend to customers?
Banks typically generate income by borrowing funds from depositors and paying them back at a predetermined interest rate. By charging the borrowers a higher interest rate and making money off the interest rate spread, the banks will lend the money to borrowers.
Banks obtain savings from individuals and companies (savers) and use these resources to issue loans to others who need money (borrowers). One of the biggest funding expenses for banks is the interest they must pay on the money they receive from savers.
Finance companies make money by selling securities, primarily commercial paper, to other companies, including banks, in the money market. They then lend the money to people or corporations at an interest rate that is higher than what they pay on their securities.
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Learning is Fun company had current assets amounting to Php 100,000. Noncurrent assets for the year totaled Php 76,000. How much is the company's total assets?
The company's total assets are Php 176,000
How to calculate total assets?By adding current and non-current assets, we will get the company's total assets.
Given:
Current assets = 100,000
Non current assets = 76,000
By adding current and non-current assets:
Total assets = current + non current
Total assets = 100,000 + 76,000
Total assets = 176,000
Taking liabilities into account makes for the most accurate calculation of total assets. To determine total assets, you subtract the value of liabilities from the value of assets.
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James is the human resource manager at a large bottle manufacturing company. Ten years ago, when the business moved to its current location, the company structured operations around the different functions performed throughout the company. To enhance the speed and effectiveness of decision-making, James is now restructuring company activities around its three major product lines. James is undertaking the process of grouping jobs known as
Answer:
departmentalization
Explanation:
Departmentalization is defined as the process of grouping various activities according to departments.
Each department tends to specialise in the assigned activity. This method promotes division of labour where a group of people specialise in one activity.
In the given scenario James is restructuring operations around three product lines to increase speed and effectiveness of decision making.
This is departmentalization with a view of increasing process efficiency
If the rate of return on the incremental cash flow between two alternatives is less than the minimum attractive rate of return, which alternative should be selected, if any? Select one: a. None of the above. b. The alternative that should be selected is the one that has the lower initial investment. c. The alternative that should be selected is the one that has the higher initial investment. d. The alternative that should be selected is the one that has the lowest annual cost.
The alternative that should be selected, if the rate of return on the incremental cash flow between two alternatives is less than the minimum attractive rate of return, is None of the above. The correct option is a.
In capital budgeting, the minimum attractive rate of return (MARR) is an essential concept. A project is only accepted if its internal rate of return is greater than or equal to the minimum attractive rate of return(MARR).
In general, the incremental cash flow associated with two projects is compared in capital budgeting. The concept of incremental cash flows is based on the idea that a project's cash flows are affected by whether or not it is undertaken.
As a result, the cash flows for the project with the new project, or the incremental cash flows, should be measured and used in the decision-making process. If the project's incremental cash flow has a rate of return less than the MARR, the project is rejected.
If the incremental cash flow has a rate of return greater than the MARR, the project is considered. As a result, the alternative that should be selected, if the rate of return on the incremental cash flow between two alternatives is less than the minimum attractive rate of return, is None of the above. The correct option is a.
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Which assumption would a lender most likely make about a person with a credit score around 800?
O that the person has invested a great deal of money in the stock market
O that the person has had very few delinquent payments in the past
O that the person has lived in the same city for a long time
O that the person has avoided using credit cards
What is the Dodd-Frank Wall Street Reform and Consumer Protection Act?
What entities are covered by the Dodd-Frank Act?
What are the key components of the Dodd-Frank Act?
What does the Dodd-Frank Act do? What does it prohibit?
What are some of the criticisms of the Dodd-Frank Act?
The Dodd-Frank Wall Street Reform and Consumer Protection Act is a comprehensive financial reform law enacted in the United States in 2010. It was introduced in response to the 2008 financial crisis with the aim of promoting financial stability, protecting consumers, and increasing transparency in the financial industry.
The Dodd-Frank Act covers a wide range of financial entities, including banks, credit unions, mortgage lenders, securities firms, derivatives dealers, insurance companies, and other financial institutions operating in the United States. It also applies to certain non-financial companies that engage in certain financial activities.
Key components of the Dodd-Frank Act include:
1. Financial Stability Oversight Council (FSOC): This council was established to monitor and address risks to the financial system, identify institutions that could pose a threat to financial stability, and coordinate regulatory efforts.
2. Consumer Financial Protection Bureau (CFPB): The CFPB is responsible for protecting consumers in the financial marketplace, ensuring fair lending practices, and regulating various financial products and services.
3. Volcker Rule: This rule prohibits banks from engaging in proprietary trading (trading for their own profit) and restricts their ability to invest in certain risky assets.
4. Derivatives Regulation: The Dodd-Frank Act introduced regulations for the derivatives market, including requirements for clearing, exchange trading, and reporting of derivative transactions.
5. Enhanced Regulatory Oversight: The Act strengthens regulatory oversight of financial institutions, including stricter capital and liquidity requirements, stress testing, and increased supervision of systemically important financial institutions.
The Dodd-Frank Act aims to address several issues in the financial system. It seeks to prevent excessive risk-taking by financial institutions, enhance consumer protections, improve transparency and accountability, and mitigate systemic risks. It establishes regulatory frameworks, introduces new rules and requirements, and sets standards for various financial activities.
Critics of the Dodd-Frank Act argue that it imposes excessive regulatory burden on financial institutions, which could hinder economic growth and restrict lending. Some argue that the Act has not effectively addressed the issues that led to the financial crisis and that it lacks clarity and consistency in its implementation. Others argue that it has contributed to the consolidation of larger banks and has not done enough to prevent future crises. Additionally, some critics believe that certain provisions of the Act are overly complex and burdensome for smaller financial institutions.
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Benchmarking can result in the company-Knowing where it ranks -Redefining its mission -Improving its own processes -Deciding to switch industries -Ignoring its strong points
Benchmarking could be a preparation that includes comparing the execution of a company with the finest hones and forms of other companies within the same industry. It can help a company distinguish zones where it can progress and set targets to progress its claim execution. Hence, the proper alternatives are:
Knowing where it positions: Benchmarking permits a company to get its position relative to its competitors and industry guidelines. This may offer assistance to the company distinguish its qualities and shortcomings and developing strategies to progress its execution.
Rethinking its mission: Benchmarking can offer assistance to a company in recognizing unused objectives and targets that are adjusted with industry best hones. This will offer assistance to the company rethink its mission and vision to way better reflect its competitive position and the changing needs of its clients.
Choosing to switch businesses: Whereas benchmarking can offer assistance to a company distinguish ranges for improvement, it isn't planned to assist a company switch businesses. This choice is based on other components such as advertising request, competition, and key fit.
In this manner, the choice "Overlooking its solid focuses" is off base as benchmarking is pointed at moving forward a company's execution and recognizing its qualities and shortcomings, not overlooking them.
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Arrange the following revenues in the federal government, from greatest to
least.
Drag each item to put them in the correct order.
(2 points)
= excise taxes
= Social Security and Medicare taxes
= corporate income taxes
= individual income taxes
= customs duties
= miscellaneous revenue
Greg has the following utility function: u=x10.67x20.33. He has an income of $95.00, and he faces these prices: (p1,p2)=(9.00,4.00). Suppose that the price of x1 increases by $1.00. Calculate the equivalent variation for this price change. x$
The equivalent variation measures the change in income that would make the consumer indifferent between the initial and new price levels. In this case, the equivalent variation resulting from a $1.00 increase in the price of x1 is $3.67.
To calculate the equivalent variation, we need to compare the utility levels before and after the price change. The initial utility level can be calculated using the given utility function and the initial quantities consumed (x1, x2). The final utility level can be calculated using the new prices and the new quantities consumed (x1', x2).
Given utility function: u = x1^0.67 * x2^0.33
Initial prices: (p1, p2) = (9.00, 4.00)
Initial income: $95.00
To find the initial quantities consumed, we solve the following optimization problem:
Maximize u = x1^0.67 * x2^0.33
Subject to the budget constraint: p1x1 + p2x2 = income
Using Lagrange multipliers, we have:
0.67x1^-0.33 * x2^0.33 = λp1
0.33x1^0.67 * x2^-0.67 = λp2
p1x1 + p2x2 = income
Solving these equations, we find the initial quantities consumed: x1 = 5.273 and x2 = 9.138.
Now, after the price change, the new price of x1 becomes $10.00. We want to find the new quantities consumed, x1' and x2, that maximize utility subject to the new budget constraint: p1'x1' + p2x2 = income.
Using a similar approach as before, we can solve for x1' and x2 and find that x1' = 4.706 and x2 = 9.731.
Finally, we calculate the utility levels before and after the price change:
Initial utility level: u1 = 5.273^0.67 * 9.138^0.33 ≈ 13.162
Final utility level: u2 = 4.706^0.67 * 9.731^0.33 ≈ 12.741
The equivalent variation is the change in income that would make the consumer indifferent between these two utility levels. We can calculate it by finding the income that would yield the initial utility level using the new prices. Thus, the equivalent variation is approximately $3.67.
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Barbara has $70.00 in her pocket and a $20 gift card. Which purchase will she be able to make without having to use her credit card?
A a portable radio for $65.95 and speakers for $29.99
B five books for $18.95 each
C headphones for $25.99 and eight CDs for 8.99 each
D six puzzles for $11.99 each and a board game for $15.89
edeg 2022
The answer is: six puzzles for $11.99 each and a board game for $15.89
The amount of money that Barbara has: $ 70.00
The amount of Gift Card that barbara has: $ 20.00
This mean that maximum amount of product that Barbara could purchase: $ 70 + $ 20 = $ 90
From the option above the only purchase that is not surpassing $ 90 is six puzzles for $11.99 each and a board game for $15.89
6 x $ 11. 99 = $ 71.94
1 x $ 15.89 = $. 15.89
Total purchase = $ 87.83
Multiple choice-- finances/economics-- help!
Joseph wants to invest money for a very long time. He doesn’t need the money back within any specific timeframe. He would like a very low-risk investment because he doesn’t want to lose any money. Which type of investment will BEST fit Joseph’s needs?
Group of answer choices
certificate of deposit
bond
401k
money market mutual fund
Answer:
certificate of deposit.
Explanation:
Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, monetary policy is used to increase money supply (liquidity) while it is also used to prevent inflation by reducing money supply.
Generally, money supply comprises of checks, cash, money market mutual funds (MMF) and credit (mortgage, bonds and loans).
In this scenario, Joseph wants to invest his money for a very long time and would like a very low-risk investment because he doesn’t want to lose any amount of money. Thus, the type of investment which will best fit Joseph’s needs is a certificate of deposit.
A bank certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.
Generally, a certificate of deposit pays a higher interest rate to its holder than the regular savings account because the banks invest the money in a business.
Additionally, a bank certificate of deposit is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000, eliminating the chance of a holder such as Joseph to lose any money.
Answer: it is NOT certificate of deposit
Explanation:
Just used that on the test and it was wrong
In the formulation of strategy, managers must create a solid fit among the activities to:a. make a competitive strategy that is different from others.b. offer a service that cannot be easily copied by competitors.c. decide what the company will not be doing.d. operate more effectively than its competitors.
The correct answer is: c. decide what the company will not be doing.
In the formulation of strategy, managers must create a solid fit among the activities to ensure the success of their company. A solid fit means that the company's activities are aligned and support each other to achieve the company's goals. To create a solid fit, managers must decide what the company will not be doing.
This involves making tough choices and trade-offs about what activities the company will focus on and which ones it will avoid.By deciding what the company will not be doing, managers can focus their resources on the activities that are critical to the company's success.
Additionally, by focusing on specific activities, the company can operate more effectively than its competitors, as it can optimize its resources and processes to deliver value to its customers.
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paycor's redesign of its training from face-to-face to blended learning was provided as an example of which of the following strategic training initiatives?
Paycor's redesign of its training from face-to-face to blended learning is an example of technology-based training initiative.
Technology-based training refers to the use of digital tools, platforms, and resources to deliver training content and facilitate learning. In the case of Paycor, transitioning from face-to-face training to blended learning involves incorporating technology into the training process, combining online modules, virtual sessions, and interactive multimedia resources with traditional classroom or instructor-led training.
Blended learning combines the advantages of both online and in-person training methods, providing flexibility, scalability, and personalized learning experiences. It allows employees to access training materials at their own pace and convenience while also providing opportunities for real-time interaction and discussion with trainers or peers.
By adopting blended learning, Paycor aims to enhance the effectiveness and efficiency of its training initiatives, ensuring that employees receive comprehensive and engaging training experiences. The use of technology-based training approaches can help organizations optimize learning outcomes, track progress, and adapt training content to the evolving needs of their workforce.
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If a U.S. firm desires to avoid the risk from exchange rate fluctuations, and it is receiving 100,000 in 90 days, it could:___________.
a. obtain a 90-day forward purchase contract on euros.
b. sell euros 90 days from now at the spot rate.
c. obtain a 90-day forward sale contract on euros.
d. purchase euros 90 days from now at the spot rate.
A 90-day forward-sale purchase contract will help to reduce or eliminate the risk facing the U.S. Firm.
What is a Forward sale Contract?This refers to a special contract between two parties to purchase or sell an asset at an agreed price on a future date.
The fact that the price has been set and agreed upon protects the parties from fluctuations, which in this case, is exchange rate risks.
The correct answer, thus, is A.
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Drawing on your own or a hypothetical example of providing a people practice solution to meet a particular need or introducing a new policy or initiative, describe: strategies for designing the solution/initiative so that it will be inclusive strategies for checking that, when in practice, the solution/initiative engages and meets the needs of all those it is aimed at
Strategies for ensuring inclusivity in a people practice solution/initiative include comprehensive research, collaborative design, accessibility considerations, pilot testing with feedback, and continuous evaluation.
Designing an inclusive people practice solution or introducing a new policy or initiative requires careful consideration and implementation of strategies to ensure it engages and meets the needs of all individuals it is aimed at. Here are some strategies to achieve inclusivity:
Conduct comprehensive research: Prioritize understanding the diverse needs, perspectives, and experiences of the target audience. Conduct surveys, interviews, focus groups, and data analysis to gain insights and identify potential barriers or gaps in the existing practices.
Collaborative design process: Involve a diverse group of stakeholders in the design process, including representatives from different backgrounds, identities, and levels within the organization. Encourage active participation, idea-sharing, and feedback to ensure multiple perspectives are considered and incorporated.
Incorporate accessibility and universal design: Consider accessibility requirements and universal design principles to ensure the solution is usable by individuals with diverse abilities, including those with disabilities.
Make sure the solution is accessible in terms of physical infrastructure, communication channels, and digital interfaces.
Pilot testing and feedback loops: Implement a pilot phase to test the solution with a representative sample of the target audience. Collect feedback, conduct surveys, and engage in dialogue to understand users' experiences and suggestions for improvement. Iterate and refine the solution based on the feedback received.
Continuous evaluation and monitoring: Establish mechanisms for ongoing evaluation and monitoring of the solution/initiative to ensure its effectiveness and inclusivity over time. Regularly gather feedback, conduct impact assessments, and review data to identify areas of improvement and address emerging needs.
In summary To design an inclusive people practice solution or introduce a new policy/initiative, strategies include conducting comprehensive research, fostering a collaborative design process, incorporating accessibility and universal design principles, implementing pilot testing and feedback loops, and establishing continuous evaluation and monitoring.
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If the​ Fed's policy is​ successful, what is the effect on the following​ indicators?
Actual real​ GDP: increases
Potential real​ GDP: does not change
Price​ level: increases
​Unemployment: decreases
If the Fed's policy is successful, the following indicators are expected to be affected in the following ways:
- Actual real GDP: increases - When the Fed implements expansionary monetary policy, it increases the money supply and reduces interest rates, making it easier for businesses and individuals to borrow money. This increased borrowing and spending can lead to increased demand for goods and services, resulting in an increase in actual real GDP.
- Potential real GDP: does not change - Potential real GDP represents the maximum sustainable level of output that an economy can produce. Monetary policy, while important, does not directly affect the potential output of an economy. However, if expansionary monetary policy stimulates the economy and encourages investment and growth, it could increase the potential output in the long run.
- Price level: increases - Expansionary monetary policy can increase the demand for goods and services in the economy. When demand outstrips supply, it can lead to higher prices for those goods and services, resulting in an increase in the overall price level.
- Unemployment: decreases - When the Fed implements expansionary monetary policy, it can lead to increased spending and investment, which can stimulate economic growth and create jobs. This increased economic activity can reduce unemployment rates as more people are employed. However, the impact on unemployment can vary and may take time to materialize.
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Determining Liquid Assets and Current Liabilities. Based on these items, what is the total of the (a) liquid assets and (b) current liabilities?
Checking account balance $860
Retirement account balance $57,000
Credit card balance $117
Coin collection $450
Savings account balance $2,675
Current student loan payment due $220
Investment account balance $8,000
Mortgage $178,000
Which of the following influences the consumer when he or she is deciding wether to buy a product?
A. The stock market
B. Opinion factors
C. External factors
D. Multiple factors
Answer:
D.
Explanation:
The factors that infuence a consumer's decision of buying product are multiple. It can be internal, external, economic, cultural, etc.
These factors include psychological factor, social factor, cultural factor, situational factor, etc.
Many times it's psychological factors such as moods. If a person is in bad or good mood, it will affect his behavior to buy a product. Culture or social life also influences consumer's buying habit. Some buy under peer pressure or to have status in society.
Therefore, option D is correct.
Answer: External factors
Explanation:
Describe a possible solution to the issue of urban sprawl. Identify one possible economic consequence of this solution
Based on the socio-economic effect, the possible solution to the issue of urban sprawl is "Revitalization of existing urban centers and towns."
What is the Revitalization of existing urban centers and towns?The revitalization of existing urban centers and towns is how the urban centers and towns are reorganized to improve the environment or neighborhoods in decline.
One possible economic consequence of this solution is "gentrification."
What is gentrification?Gentrification is a term that is used to describe the process by which poor urban area is transformed by wealthier people, thereby displacing existing inhabitants from the neighborhoods.
Hence, in this case, it is concluded that Urban Sprawl is a phenomenon that requires careful solutions to solve.
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As part of the bond indenture, XYZ Corporation has pledged a warehouse property owned by the company as collateral for its recent bond issue. Identify which type of bond has been issued by XYZ. A. Secured bond B. Insured municipal security C. Private activity bond D. Revenue bond
As part of the bond indenture, XYZ Corporation has pledged a warehouse property owned by the company as collateral for its recent bond issue. The type of bond has been issued by XYZ is "Secured bond". The correct option is A.
The secured bond is a type of bond that is property or assets, that the issuer pledges as security to the bondholders.
The bondholders have a claim on the collateral to recover their investment. In this case, XYZ Corporation has pledged a warehouse property as collateral for its recent bond issue which makes the bond a secured bond.
Therefore, the correct option is A that is secured bond.
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Which condition is a result of open competition in a free market system?
A. Poor customer service
B. Government regulation
C. Higher prices
D. Higher quality goods
A result of open competition in a free market system is higher quality goods (option D).
What is the result of open competition?
Competition is when there are many producers operating in a particular industry. Competition is high in purely competitive markets and low in a monopoly. This is because in a pure competition, there are many producers while there is only one producer in a monopoly.
Due to the high level of competition in an industry, prices would be more likely to be low. This is because producers would want to attract more consumers by fairly pricing their goods. Also, producers would want to offer good customer service in order to retain consumers as there are many competing producers in the market. High quality goods are also a way to attract an retain customers.
A free market system is a market system where prices are set by the forces of demand and supply. There is no government regulation in this type of market.
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For what reason can you infer that it might be relevant for a policy analyst to have a law degree?
A) Departments of education are in the executive branch, and most executive-branch officials have law degrees.
B) Policy analysis is a volatile job market, and it is helpful to have another field to fall back on.
C) Education policy needs to be enacted into law by our legislators and needs to comply with other state and federal laws.
D) Policy analysts tend to get sued by ideological foes, so legal knowledge is good protection.
Explanation:
i think is answer b.....m.
Layoffs only happen to bad employees. Please select the best answer from the choices provided T F.
Layoffs are described as the suspension of employees. The above statement is false, that the layoffs only happen to bad employees because this may happen with any employees.
What are layoffs?A layoff is described as the act of an employer temporarily or permanently hanging or changing a worker, excluding an employee's real performance.
A layoff may occur to a determined worker whose occupation has been destructed because an employer has closed its operation or displaced.
Layoffs take place when an employer is compelled to block relations with its employees for justifications that are not subject to their execution.
Companies' failure or the decrease in production levels are common origins of big layoffs. It has zero to do with whether an employee is awful or not.
Therefore, The given statement is false.
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Answer:
False
Explanation:
Layoffs happen because a company can no longer afford to keep paying them, There is no relation between performance and layoffs
a firm acquired an assset on 1st Apri, 1990 at a cost of Le 30,000. The useful life of the asset is expected to be 10 years. The estimated scrap value of the asset at the end of the year is Le 2,000. Show the provision for depreciation account for the first 3 years in the life of the asset using the Straight line method
Answer:
December 31 1990 : Le 2100
December 31 1991 : Le 2800
December 31 1992 : Le 2800
Explanation:
Given the following :
Cost of equipment = 30,000
Number of Useful years = 10
scrap value = 2,000
depreciation account for the first 3 years in the life of the asset using the Straight line method :
Straight line Depreciation formula :
[ (Cost - scrap value ) / number of useful years]
YEAR 1:
Equipment was purchased on April 1st, that is only 9 of the 12 months will be used to calculate Depreciation in the first year.
December 31, 1990:
[ (30,000 - 2000) / 10 ] × (9/12)
2800 × 0.75 = Le 2100
December 31, 1991 :
[ (30,000 - 2000) / 10 ] × (12/12)
2800 × 1 = Le 2800
December 31, 1992:
[ (30,000 - 2000) / 10 ] × (12/12)
2800 × 1 = Le 2800