In double declining method is a form of an accelerated depreciation method in which asset value is depreciated at twice the rate it is done in the straight line method.in this we multiply rate by 2.
Explanation:
we will calculate rate of depreciation by dividing 100% by useful life of an asset
i.e. , =16.66%
now we will multiply by 2 = 16.67% × 2
= 33.34%
now calculation depreciation by multiplying book value at begining with 33.34%
which will give depreciation from 1 January 2018 to 31 December 2018
=33.34%×$36000
=$12000 (approx.)
So book value on December 31 ,2019 will be $24000 ($36000-$12000).
b. employees in the oil industry
c. drivers
d. all of the above
Answer: Fred
Explanation:
Here in this real estate transaction there are three parties they are Fred, Nancy and Harold. Fred is the agent of Harold and Harold is the principle while Nancy is the third party. Here one can see that there is a fiduciary trust placed by Harold on Fred.
In fiduciary trust the assets are held by Fred on behalf of the beneficiary Harold. Fred has to act in the best interest of Harold as he his managing Harold's asset.
B) $10
C) $12
Answer:
the gain being $7, the value couldn't be less then 12 if it's not brought back for shortcomings and resold for $15
Answer:
Explanation:
Value is the amount a customer is willing to pay for item, so the value is $12.