<span>Jacques Necker was a financial analyst and adviser who was very keen in economics of the time. He would advise King Louis XVI in financial matters. Knowing this, in my letter explaining my economic reform program (written as Necker), I would ask King Louis XVI to stop spending so much money on non-essential goods and services. I would ask the King to stop placing tariffs on trade in order to free up money to create economic fluidity.</span>
Answer:
Using the units-of-production method, the amount of depreciation expense would the company report in the income statement prepared for the year-ended October 31, 2018 = $ 228899
Explanation:
Given
Acquisition Cost of Equipment = $ 517,000+ $ 16700= $ 533,700
Total units of production= 29,700 hours
Residual Value = $ 6700
Units of Production= 12,900 hours
Formula:
Depreciation per unit= (Cost -Salvage value) / Total units of production* Units of Production
Depreciation per unit= ($ 533,700 - 6700/ 29700)*12900
Depreciation per unit=($ 52,7000 / 29700)*12900
Depreciation per unit=( 17.744)*12900
Depreciation per unit= 228898.98= $ 228899
As units of production are given we do not need to calculate it for half year. The depreciation is calculated for units of production.
The Profit and Loss Statement.
This shows profits and losses over a set period of time.
Answer:
Yes
Explanation:
Emails show an agreement between the defendant and the plaintiff and as long as they are proved to be actually between the parties, it is considered evidence.
