That city has <span>purchase money security interest.
</span><span>purchase money security interest refers to a type of claiming rights that enables lender to make acquistion towards a certain asset in higher priority than other creditors. This type of rights is really important to secure the lender's profit in case the borrowers fail to return the credit (or went bankrupt)</span>
Step 5 in the marketing plan process is when a firm evaluates the outcome of the strategy and implementation process.
<h3>What is the marketing plan process?</h3>
This is the approach that is taken towards meeting the goals of marketing.
<h3>The steps includes</h3>
- Set the objectives
- Formulation of strategy
- control
- review
- analysis
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Answer:
$4,330
Explanation:
the amount that needs to be depreciated = purchase price - residual value = $193,000 - $19,800 = $173,200
depreciation per year using straight line method = $173,200 / 10 = $17,320
depreciation per month = $17,320 / 12 = $1,443.33 per month
we must record 3 months of depreciation expense = 3 months x $1,443.33 per month = $4,330
December 31, 2021
Dr Depreciation expense 4,330
Cr Accumulated depreciation - machinery 4,330
An interest-bearing account is an account that generates interest income on the available balance in the account.
What is an interest-bearing account?
An interest-bearing account computes interest based on the balance outstanding on the loan or investment account, for instance, a monthly compounding deposit account where the interest paid on the account on monthly basis on the available balance before interest computation.
There also non interest-bearing account which only promises a particular amount when the deposit or investment account matures rather than paying on the balance.
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