Accumulated depreciation changed into disposed of for $27,000 cash. The access to file this event could include a gain of $3,000
Gross e-book fee=$54,000.00
Acc Deprecition=($30,000.00)
net e-book fee as on date of sale=$24,000.00
Sale Proceeds=$27,000.00
advantage =$3,000.00
Amassed depreciation is the sum of all recorded depreciation on an asset to a specific date. accumulated depreciation is supplied at the stability sheet just beneath the associated capital asset line. The wearing price of an asset is its ancient value minus collected depreciation.
As an example, if an organization purchased a bit of printing gadget for $ hundred,000 and the collected depreciation is $35,000, then the internet ebook price of the printing device is $65,000. $one hundred,000 - $35,000 = $65,000. gathered depreciation can't exceed an asset's price.
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Answer:
New irr = 8.03%(Approx)
Project should be rejected
Explanation:
Given:
Initial value = $148,400
Cash flows;
$42,500
$87,300
$43,200
Internal rate of return = 11%
Computation:
present value = Present value of outflows
148,400 = 42,500/(1+x) + 87,300/(1+x)² + 43,200/(1+x)³
So,
New irr = 8.03%(Approx)
New irr < Internal rate of return
So,
Project should be rejected
The following statement is an example of false dilemma type of fallacy. ""we must either support the governor’s plan to increase taxes on food or we will never be able to balance the state budget.""
Sometimes called the “either-or” fallacy, a false dilemma is a logical fallacy that provides handiest alternatives or aspects when there are many options or sides. Fake ethical dilemmas are instances in which it's far clean what need to be carried out however in which there's temptation or stress to behave in another way. In business ethics, the distinction between proper and false dilemmas has also been defined because the distinction among dilemmas and temptations. The principle manner to counter a false catch 22 situation is to demonstrate that the alternatives which were cited in the predicament aren't collectively specific, or that there are extra available alternatives past the ones that had been noted.
False cause is a fallacy that assumes that one thing causes some other, but there is no logical connection between the two. A cause must be direct and robust enough, not just before or somewhat related to motive the problem. In a false cause fallacy, the alleged motive might not be strong or direct enough.
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Answer:
The law firm is likely to be a sole proprietorship.
Explanation:
The ABC Law Firm has a few senior individuals who share the firm's debts, work, and profits. If the firm were to fail, those individuals could be forced to use personal assets to cover the firm's debts.
These characteristics indicate that ABC is a partnership business.
A partnership is a formal agreement between two or more people to own and operate a business. In a partnership, there are unlimited liabilities. The business is not a separate entity from the owners. The partners share the liability and profits equally.
