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2 years ago

If the residual value of a leased asset turns out to be more than the amount guaranteed by the lessee, the:

Business

1 answer:

sdas [7]2 years ago

8 0

Answer:

D. Lessor is not obligated to compensate the lessee for the excess.

Explanation:

A lease agreement is a contract that allows for the use of an asset but does not convey ownership rights of the asset. It is a contract that exist between a lessor and a lessee that allows the lessee rights to the use of a property owned or managed by the lessor for a period of time.

If the residual value of a leased asset turns out to be more than the amount guaranteed by the lessee, the: Lessor is not obligated to compensate the lessee for the excess. because the lessee is responsible for the condition of the property during the lease period.

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B Company switched from the sum-of-the-years-digits depreciation method to straight-line depreciation in 2018. The change affect

ad-work [718]

Answer:

correct option is d. $10,602.

Explanation:

given data

beginning of 2016 cost = $83,700

time period = 5 year

estimated residual value = $4,185

solution

we use here sum of years digit that will be

sum of years = 5+4+3+2+1

sum of years = 15

so here

Year 2016

Depreciation = $83,700 - $4,185

base remaining = $79515

Life = 5

depreciation before change of accounting = $\frac{5}{15} \times 79515$

depreciation before change of accounting = $26505

and

Year 2017

Depreciation = $83,700 - $4,185

base remaining = $79515

Life = 4

depreciation before change of accounting = $\frac{4}{15} \times 79515$

depreciation before change of accounting = $21204

so here total depreciation before change of accounting policy is

total depreciation = $26505 + $21204

total depreciation = $47709

and

so Net value of asset at start of 2018 = $79515 - $47709

Net value of asset at start of 2018 = $31806

and

Straight line depreciation for 2018 = $31806 ÷ 3

Straight line depreciation for 2018 = $10602

so correct option is d. $10,602.

6 0

2 years ago

Which one of the following statements is false concerning the term structure of interest rates? A. Expectations of lower inflati

UNO [17]

Answer:

C- The term structure of interest rates and the time to maturity are always directly related

Explanation:

The term structure of interest rates represents the relationship that exist between interest rates and different terms (maturities). When it is graphed, the term structure receive the name of "yield curve".

Generally, yields increase at the same time maturity does it, this create an upward-sloping yield curve or a normal yield curve. But occasionally, long term yield can fall below short term yields, and this create an inverted yield curve that is regarded as it a recession is likely occurring or approaching.

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2 years ago

Which of the following is a characteristic associated with warehouse showrooms?

bekas [8.4K]

Answer: E. Vertical merchandise displays are a characteristic associated with warehouse showrooms.

Explanation: A warehouse showroom is a way for a business to display all of their items for consumers to look at and purchase. A warehouse showroom allows for vertical merchandise displays to hold the furniture so that consumers can walk down each isle and look up at the various items. This method gives a warehouse more room to store and expand their supply.

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2 years ago

Do managers in both small and large companies perform similar types a activities

Amiraneli [1.4K]

The manager of the larger company's manager might have more to do because of the size of the company, but I believe that they would do most of the same tasks. Think of it like this: Would a Dollar General manager do more than a Microsoft manager?

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2 years ago

Read 2 more answers

What are the 3 types of investors?

xxMikexx [17]

Answer: The three types of investors in a business are pre-investors, passive investors, and active investors. Pre-investors are those that are not professional investors. These include friends and family that are able to commit a small amount of capital toward your business.

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2 months ago