Three types of pricing are Pricing that is cost-based or cost-plus, pricing depends on the market, Pricing depending on value.
In the relatively simple pricing strategy known as "cost plus pricing," you decide how much extra you'll charge for a product than its cost. For instance, you can decide that you want to charge 10% more for pies than it costs to prepare them from scratch. Then, your cost would be equal to 100% of your pricing. World Market is an American chain of specialty/import retail stores that sells home furnishings, decor, curtains, carpets, gifts, apparel, coffee, wine, craft beer, and foreign culinary products. World Market was formerly known as Cost Plus World Market until 2021. Cost-plus pricing is based on a simple principle. Cost-plus pricing is based on a simple principle. The asking price is determined by adding a markup percentage to all fixed and variable production costs that have been incurred so far or will be in the future.
Learn more about cost-plus here
https://brainly.com/question/13481144
#SPJ4
Part 1: Unitech industries offers comparatively low compensation but many unique benefits to its employees. Which approach is the best way to communicate this information?A. Conduct compensation and benefits training sessions with employeesB. Schedule an annual compensation and benefits fair for employeesC. Send monthly memos highlighting the compensation and benefits plansD. Create a total rewards dashboard summarizing the value of all benefits offered to employeesE. Publish reports describing competitor compensation and benefits plansPart 2: An employee survey at a company indicates that many employees are unhappy with the retirement plan. They would prefer one that would result in employees being paid a fixed amount of money each month. What type of plan would better match the employees' preferences?A. 401k planB. 403b planC. Individual retirement arrangementsD. Thrift savings planE. Defined benefits planPart 3: Your organization offers employees an ERISA-covered retirement plan. You're adding newly eligible employees to the portal and notice that one employee is married but wants to name their mother as their beneficiary. What would you do next?A. advise the employee that they need written consent from their spouseB. Tell the employee they must designate their spouse as the beneficiaryC. Ask them why they didn't name their spouse as the beneficiaryD. Nothing; the employee can designate whomever they would like to be the beneficiaryE. Nothing; the change will be automatically rejected as spouses are automatic beneficiaries
1) The way approach to communicating Unitech compensation and benefits information is D. Create a total rewards dashboard summarizing the value of all benefits offered to employees
2) The type of retirement plan that would better match the employees' preferences for a fixed monthly payment is E. Defined benefits plan.
3) Under an ERISA-covered retirement plan, if an eligible employee designates their mother as their beneficiary, my advice is D. Nothing; the employee can designate whomever they would like to be the beneficiary
Who is a beneficiary under an ERISA retirement plan?The beneficiary of an ERISA retirement plan can be a person, an estate, a trust, a charity, or another entity.
ERISA means Employee Retirement Income Security Act of the federal government.
The eligible employee has the right to name any person as a beneficiary.
If the employee is married before the registration, the spouse is automatically entitled to receive 50% of the benefits, despite the named beneficiary.
Learn more about ERISA retirement plans at https://brainly.com/question/13678399
#SPJ1
What does Article 2 of the Code of Ethics prohibit?
REALTORS® are required by Article 2 of the National Association's Code of Ethics to refrain from inflating, distorting, or hiding material facts pertaining to a property or a transaction.
What is academic freedom of teachers in Article 2?Academic freedom, or the freedom to teach, learn, and conduct research without unjustified interference or limitation from the law, institutional rules, or external pressures.Every teacher and school official must actively contribute to enforcing the state's stated regulations and must swear an oath to do so. Section 3: Every teacher must be in good physical, mental, and moral health for the sake of the State and the Filipino people as well as for himself.A compliance-based code of ethics, a value-based code of ethics, and a code of ethics among professionals are the three primary categories of codes of ethics.To learn more about code of ethics refer,
brainly.com/question/24606527
#SPJ4
Who is responsible for estimating the product backlog items choose the best answer?
All Product Backlog Item estimates are the responsibility of the Development Team.
Are the Product Backlog estimates the responsibility of the scrum master?While the Product Owner and Scrum Master have no authority to alter or directly influence numerical estimates, they do contribute to the process by describing Product Backlog Items and relevant obstacles.
Who is responsible for estimating how long it will take to finish the Product Backlog?The Development Team: Who is in charge of estimating how long it will take to complete each item on the Product Backlog? The Team in Development They have a comprehensive understanding of the work required to convert Product Backlog items into product increments as a group. All estimates are the responsibility of the Development Team.
To learn more about Product Backlog here:
https://brainly.com/question/28941448
#SPJ4
A _____ is a collaborative website that hosts the collective work of many authors.
A weblog is a collaborative website that hosts the collective work of many authors. A website called a wiki enables users to upload and edit content.
Typically, website users edit text using their browsers without the need for HTML code. Some weblog also permit the addition and alteration of graphics, tables, and interactive elements. The original selection, coordinating, and arranging of the website works included in a collective work constitute the "authorship" of the collective work. A collective work is treated as one work for registration purposes under the Copyright Act. As was already demonstrated, the Internet is the most obvious place to find collaboration tools.
To learn more about website, click here.
https://brainly.com/question/29777063
#SPJ4
a credit sale of $700 is made on july 15, terms 2/10, net/30, on which a return of $50 is granted on july 18. what amount is received as payment in full on july 24? a. $700 b. $637 ($700 - $50)*.98 c. $650 d $686
The amount received as payment in full on July 24 is $637 ($700 - $50)*.98.
what amount is received as payment in full on july 24?On July 15, a $700 credit sale is made with terms of 2/10, net/30, and a $50 refund is given on July 18.According to the conditions of the sale, the consumer has 2/10 days (or 4 days) to complete the transaction and receive a 2% discount. In order to receive the discount, a customer who accepts it must pay the whole price within four days. They have four days to make a payment, after which they have 30 days to make the whole payment.In this instance, on July 18, the client received a $50 refund. In order to receive the 2% discount, the customer must pay the discounted price of $637 ($700 - $50)*.98 on or before July 24. The consumer will not get the 2% reduction if they pay the entire $700 by July 24 or earlier.As a result, the total amount paid on July 24 is $637 ($700 - $50)*.98.To learn more about credit sale refer to:
https://brainly.com/question/29054339
#SPJ4
When several jobs arrive at a work center, there is a need for?
When several jobs arrive at a work center, there is a need for a system of scheduling and prioritizing.
Loading is the process of assigning tasks to various machines and processing (work) centers. There are issues when there are many work centers that can do the necessary tasks and there are two or more jobs that need to be processed. Managers frequently look for a solution that can reduce setup and processing expenses, idle time between work centers, and task completion times.
When loading, certain responsibilities are assigned to certain groups, people, or locations. Once there is enough capacity, each worker is given the task that suits them the best via loading. The process is assigned to the machine or facility that can complete it most effectively using loading.
To know more about work centers :
https://brainly.com/question/21416286
#SPJ4
What are the 3 criteria for establishing a causal relationship?
Covariation, temporal precedence, and control over "third variables" are the three prerequisites for causal relationship.
The changes in the human responses that were observed and measured were frequently caused by the condition that was altered during the experiment. This is a causal relationship, often known as a cause-and-effect relationship. The concept of causation states that one action, belief, or event will inevitably cause the occurrence of a different action, belief, or event in the future. It is about cause and consequence, in other words. You might be shocked to realise that are multiple ways to describe how one thing leads to another, despite the fact that it looks straightforward.
To learn more about casual relationship refer here:
https://brainly.com/question/25035309
#SPJ4
HELP PLEASE 100 POINTS Which word indicates a liability on a financial statement?
A. Value
B. Cash
C. Payable
D. Receivable
Answer:
C. Payable
Explanation:
"Payable" refers to an amount of money that a company owes to another party. It's a type of liability that is recorded on the balance sheet and represents an obligation that the company has to pay at a future date
Who pays the most income tax?
The United States tax system is progressive, which means that those who earn more money pay a higher percentage in taxes. So those who earn more, like a top business owner or someone of that pay range, would pay the most.
Hope this anwsers your question or helps :)
g if there is a recession, the fed would most likely: a. encourage banks to provide loans by raising the discount rate. b. restrict bank lending by raising the discount rate. c. restrict bank lending by lowering the discount rate. d. restrict bank lending by lowering the federal funds rate. e. encourage banks to provide loans by lowering the discount rate.
If a recession occurs, the Fed will most likely encourage banks to make loans by decreasing the discount rate.
What happens when there is a recession?A recession is a business cycle contraction that occurs when economic activity falls overall. Recessions often arise when consumer spending falls dramatically. A financial crisis, an external trade shock, an unfavorable supply shock, the bursting of an economic bubble, or a large-scale manmade or natural calamity may all induce this.
In a recession, economic production, jobs, and consumer spending all fall. Interest rates are also expected to fall as the central bank lowers interest rates to assist the economy.
To learn more about the recession, click
https://brainly.com/question/14737261
#SPJ1
What is agile in TCS Quora?
Agile promotes innovation, speeds up product delivery, and motivates workers in a world that values technology above everything else
To follow through on the vision of Enterprise Agile by 2020, TCS IT made a coordinated prepared ability pool of partners furnished with instruments and cycles. With their assistance, the unit had the option to change itself from the conventional approach to working to a 100 percent agile method of conveyance in year and a half. This was no conventional undertaking thinking about TCS' overall scale and spread. The effect of this change should have been visible through results accomplished in our business capability.
The change of TCS' financial processes utilizing agile methodologies procedures sped up period-end shutting and monetary announcing. Outreach groups are currently ready to focus on their necessities and advantage from a quicker discharge cycle. Moving from a long conveyance cycle to about fourteen days of steady worth driven conveyance immensely improved deals agility. A deals enablement stage that in view of conventional timetables would have required a year to emerge was conveyed in only three months, with gradual elements being added in light of client need and client experience.
Know more about Agile in TCS - https://brainly.com/question/29545047
#SPJ4
barry's goal is to obtain a 4.0 gpa this semester. he completes several extra-credit assignments to ensure success but doesn't internalize a lot of what he has learned. this is an example of which type of orientation?
Barry's goal is to obtain a 4.0 gpa this semester. This is an example of performance of orientation.
What is performance oriented?Students that are performance-oriented concentrate on proving their ability in comparison to others, such as by doing well on examinations, receiving high scores on performance assessments, and (generally) seeming intelligent in public.By learning or mastering a new task, the goal of learning orientation is to enhance competence (Dweck 1990). People who are focused on performance are concerned with receiving positive evaluations of their competence and avoiding negative ones (Diener and Dweck 1978, 1980).As a result, the three types of goal orientations—mastery, performance-approach, and performance-avoidance—were discovered. Students who place a strong priority on learning, expanding their understanding, and improving themselves are regarded to be exhibiting a mastery goal orientationTo learn more about performance-oriented refer to:
https://brainly.com/question/14849932
#SPJ4
Is inelastic demand positive or negative?
Inelastic demand is always negative. It is due to the reason that the quantity demanded falls with an increase in the price of the product.
What does inelastic demand mean?
Demand can be categorised as unitary, inelastic, or elastic. A demand that is elastic experiences a significant shift in quantity demanded as a result of a price adjustment. When the amount sought changes little as a result of a price adjustment, the demand is said to be inelastic.
What distinguishes elastic materials from inelastic ones?
Elastic demand is the concept that when the price of a commodity or service changes, so too does consumer demand. Consumer demand for a product does not alter proportionally with a decrease or increase in its price, which is known as inelastic demand.
To know more about inelastic demand, click here- brainly.com/question/20943898
#SPJ1
Inelastic demand is always negative. It is due to the reason that the quantity demanded falls with an increase in the price of the product.
Inelastic demand: What does that mean?Demand can be divided into unitary, inelastic, and elastic categories. An elastic demand changes significantly in quantity demanded in response to a price change. Demand is considered to be inelastic when the amount desired does not change much as a result of a price modification.
What sets elastic materials apart from those that are inelastic?Elastic demand is the idea that consumer demand changes along with a good or service's price. Inelastic demand is when a product's demand from consumers does not change proportionally with a change in price.
To know more about inelastic demand, click here- brainly.com/question/20943898
#SPJ1
a bond issue with a face amount of $495,000 bears interest at the rate of 10%. the current market rate of interest is also 10%. these bonds will sell at a price that is:
The bonds will sell at a price that, based on the interest rate, and the current market rate, is A. Equal to $495, 000.
When will bonds sell at par ?Bonds will sell at their face value or their par value, when the interest offered on the bond is the same as the current market rate of interest. The bond is offering a rate of 10 % and this is the same rate being offered by the market. The bond will therefore sell at the face value of $ 495, 000.
When the interest offered on a bond is less than the market rate, then the bond will sell at lower than the face value. The bond will sell at higher than face value if a higher interest than the market is offered.
Find out more on bond face value at https://brainly.com/question/26085518
#SPJ1
Options for this question include:
Equal to $495,000The answer cannot be determined from the information provided. Less than $495.000. More than $495.000How did New Deal programs both help and hurt American farmers?
The New Deal created new credit lines to help distressed farmers save their property and plant their crops. It helped tenant farmers receive financing for the land on which they worked. It built roads and bridges to help with grain transportation and hospitals for towns that lacked them.
What impact did the New Deal programs have on farmers' lives?As a result of numerous federal farm initiatives that favored large farms and led many sharecroppers—mostly African Americans—to lose the land they had been working on, the government also hurt small farms. The New Deal did, in general, aid farmers in getting back on track since it provided new technologies and increased demand for produce.
What sort of results did the New Deal have on Americans, for better or worse?People were given jobs back as a result. Capitalism was retained in this. As a result, the optimism of the American people was revived, and the American economic system's credibility was also restored. Financially speaking, it was less successful.
The New Deal introduced new technology and increased demand for products, which helped farmers get back on track overall. The demand for produce increased since the government essentially told farmers to cease producing as much while also offering to pay them.
Learn more about New Deal: https://brainly.com/question/815650
#SPJ4
Why community banks are better?
Community banks provide more free accounts and impose lower fees. Many people charge little to no overdraft fees and don't charge a monthly maintenance cost.
In many American communities, community banks play an important role in the regional economy. Community banks assist the people and companies in their area to advance by providing them with the essential financial services. More financial institutions than ever are available to pick from these days. Megabanks (or huge national banks) have grown in popularity since they were first established in the late 1990s because to their well-known brands and wide range of services. The integrity of smaller institutions that support the growth of their local communities must be protected more than ever as larger banks continue to nationalise their services.
Learn more about Community banks here:
https://brainly.com/question/29862420
#SPJ4
What goes up during stagflation?
Agriculture and oil commodities, in particular, may be positioned to outperform equities and bonds during a stagflation.
What is profitable in a stagflation?Gold-based commodities in particular usually fare well during stagflation. They are valuable because of their scarcity and aesthetic attractiveness. It is a vital component for many large organizations because of its chemical properties. Due to its symbolic and practical worth, gold is frequently a powerful inflation hedge.
How do property prices fair in a stagflationary environment?The price of constructing a new home is rising. In such a situation, if commodity prices for goods like energy, food, and building materials kept growing dramatically, the cost of additional development would rise.
Is real estate investment a smart course of action for stagflation?Investing in real estate is a good inflation hedge due to the overall growth in property values, increased rent, and discounted debt on the previously built property that results. It is true and less volatile than alternative possibilities. Property prices rise more swiftly when inflation is present.
Learn more about stagflation: https://brainly.com/question/29552947
#SPJ4
In which jobs is automation likely? A) jobs that are unpredictable. B) jobs involving management. C) jobs involving exercising creativity. D) jobs involving
Jobs involving managements automation likely. You can choose what to focus on while completing your management degree by understanding the numerous vocations.
Management is, in fact, a legitimately demanding job. Anyone who has even briefly held a management position can speak to that. Any level of manager frequently juggles a lot of tasks. Their days are frequently lengthy, jam-packed with meetings, interruptions at work, and critical choices. They have to take chances that might result in better ways of doing things, or they risk failing. Additionally, managers are expected to take on duties that might not be a good fit for their strengths.
To learn more about job, click here.
https://brainly.com/question/17205577
#SPJ4
Albrecht dürer's charge account statement showed a previous balance of $550, a finance charge of $3, new purchases of $600, and a payment of $250. what is his new balance??
Albrecht dürer's charge account statement showed a previous balance of $550, a finance charge of $3, new purchases of $600, and a payment of $250.his new balance is 903.
550+ 3+600 -250=
Finance charge and purchases should be added, then the payment should be subtracted.Any fee connected with borrowing credit is referred to as a finance charge. To assist offset the risk of non-payment, credit card companies utilise finance charges. By paying off your credit card debt in full each month, you can reduce finance charges. What do finance costs refer to
The total interest and loan fees you would incur over the course of your mortgage loan are referred to as finance costs. This includes all pre-paid loan fees and is based on the premise that you hold the loan throughout the entire term until it matures (at which point the last payment is due).
1153-250=903.
Learn more about Finance charge by using this link:
https://brainly.com/question/11354584
#SPJ4
suppose you buy a piece of office equipment for $17,000. after 6 years you sell it for a scrap value of $2,000. the equipment is depreciated linearly over 6 years. the linear equation that expresses the value v of the piece of equipment is terms of t (time in years) is a) exam image b) exam image c) exam image d) exam image e) exam image f) none of the above.
The equipment is described as Vt = -15000/6t + 17000 in variables of t (time in years), according to the statement.
What are some examples of equipment?Equipment is a seriously long asset that provides value to a company over many years of existence. Technology instances include cars, trucks, and manufacturing machines. They differ from intangible assets (such patents, trademarks, or copyrights), which lack a material existence, in that they are tangible since they do.
Briefing:For linear depreciation:
Annual depreciation = Purchase value - Scrap value / estimated useful life
= 17000-2000/6
= 15000/6
When t is any time, it would be
Annual depreciation = 15000/6t
It is stated as, at the conclusion of the specified years.
Vt = -15000/6t + 17000
So, the answer is (b).
To know more about Equipment visit:
https://brainly.com/question/25806993
#SPJ4
The complete question is-
Suppose you buy a piece of office equipment for $17,000. After 6 years you sell it for a scrap value of $2,000. The equipment is depreciated linearly over 6 years. The linear equation that expresses the value V of the piece of equipment is terms of t (time in years) is
(a). V(t) = 2000t + 17000
(b) Vt = -15000/6t + 17000
(c) Vt = -15/6t + 17000
(d) Vt = 15000/6t + 17000
What type of government does a mixed economy have?
There is a mixed economy under socialist government. In economics, a mixed economy is a market structure for allocating resources.
In economics, a mixed economy is a market structure for allocating resources, conducting business, and conducting trade in which government involvement coexists with free markets. When a government intervenes to stifle free markets by enacting rules, tariffs, subsidies, state-owned firms (like public health or education systems), and other policies, a mixed economy may result. An alternative is that a socialist government can create a mixed economy by making exceptions to the rule of state ownership in order to profit economically from private ownership and free market incentives. All mixed economies combine the free market ideas of private contracting with the socialist concepts of state ownership or planning. There is a mixed economy under socialist government.
Learn more about economy here
https://brainly.com/question/2421251
#SPJ4
What are the three types of threats against information and information systems?
The three types of threats against information and information systems are malware, advanced persistent threats and distributed denial-of-service attacks.
What processes do information systems use?Information about a company and its surroundings can be found in an information system. The information that businesses need is produced by three fundamental processes: intake, processing, and output. Feedback is output that is sent to the right individuals or groups inside an organization so they can assess and improve the input.
Which four information systems are there?The information technology platform is made up of the first four elements: hardware, software, databases, and networks. These elements could then be used by information technology professionals to build information systems that monitor risk, safety, and data management.
To know more about information systems visit-
https://brainly.com/question/14688347
#SPJ4
Which is better Agile or Kanban?
Agile project management divides larger projects into smaller modules, making it simpler for the team to create, test, and alter the final product before releasing it. Kanban shows task workflows to improve the movement of tasks among several teams.
Which is better, Kanban or Scrum?
Scrum sprints combine efficiency and speed since they each produce valuable information that can be utilized to accelerate and enhance upcoming sprints. It's not that Kanban teams operate more slowly; rather, their methodology allows team members to address issues and make adjustments throughout the process rather than after it is complete.When should you prefer Kanban to Scrum?
Work-in-progress (WIP) is reduced with the aid of kanban, and tasks are swiftly moved from "Doing" to "Done." Teams that receive several incoming requests of varying sizes and priorities benefit greatly from kanban. Kanban processes allow you to move with the flow, whereas scrum methods demand tight control over what is in scope.
Learn more about Kanban here:
https://brainly.com/question/30004910
#SPJ4
If you were to embark on a research project of ethnic enclaves in urban areas in the united states, it would be most helpful to know that __________.
If you were to embark on a research project of ethnic enclaves in urban areas in the united states, it would be most helpful to know that ethnic enclaves are frequently found within large cities.
Ethnic regions are places with a large number of ethnic groups, with distinct cultural identities and vibrant economic activities. This phrase is often used to describe a residential area or workplace with a significant presence of ethnic minority businesses. Self-sufficiency and economic prosperity go hand in hand with their success and progress.
Ethnic regions have a social basis through the concept of social capital and the development of immigrant networks. According to Douglas Massey, migration networks give newcomers social capital that can be transformed into more concrete forms.
To know more about Ethnic enclaves here-
https://brainly.com/question/10396071
#SPJ4
What happens if Shipt is late?
Orders delivered late by Shipt customers will have a lower on-time %. Deliveries that are frequently late will eventually result in deactivation from Shipt.
What happens if my Shipt order is not delivered?In the event that an item in your order is incorrect, harmed, or missing, you have seven days to request a refund. Our goals are to make your life easier and deliver the right things on schedule. If there is an issue with an item, do let us know by leaving feedback for it on the Shipt app.
What ought I to say to my tardy Shipt client?Be sure to first apologize sincerely and offer an explanation for the delay. Offer an incentive or discount for upcoming purchases next. Finally, ask customers for their opinions so you may improve your delivery process going forward.
Learn more about Shipt order: https://brainly.com/question/29626724
#SPJ4
What are the 4 criteria for a good research question?
Your research is centred and guided by a research question. It should combine information from several sources to deliver your original viewpoint in a clear and concentrated manner. The research question should preferably be something that you are interested in or care about, even if your instructor has assigned you a specific assignment.
A good research question should be feasible, intriguing, original, ethical, and relevant when considered in the context of the desired study design.
However, generally speaking, the best research question is:
focused and lucid To put it another way, the question should make it apparent what the writer must do.neither too wide nor too narrow.not a simple question to answer.Not too challenging to answer; researchable.analytical as opposed to descriptiveTo know more about research question: brainly.com/question/25257437
#SPJ4
expert that helps you learn core concepts.See AnswerCurrent liabilities could include all of the following except:accounts payable due in 30 days.notes payable due in 9 months.a bank loan due in 18 months.any part of long-term debt due during the current period.
Expert that helps you learn core concepts. See Answer Current liabilities could include bank loan due in 18 months.
Current liabilities are the short-term financial obligations of a company that really are mainly owing inside one year or during a normal operating cycle. Current liabilities are strategy is acceptable with current assets, which have been resources that are exhausted within a year.
A bank loan is a money incurred by a person, recognised as the borrower, to a bank. It is essentially an understanding between borrower and the bank considering a particular sum of money which the mortgagor will borrow and then repay in particular instalments at a specific interest rate.
Learn more about Current Liabilities here:
https://brainly.com/question/13388204
#SPJ4
1. Define business organisation 2. write short notes on the following a. sole proprietorship b. Population - census
Answer:
A business organization is an entity or firm that is formed to carry out commercial activities
A sole proprietorship is a business organization or entity owned by an individual only.
Population census is the official counting of a particular number of people living in a particular territory, region or country at a particular time for socio-economic, demographic, political purposes.
70. Which of the following factors would tend to reduce productivity? A. improvements in workplace safety B. reductions in labor turnover C. more inexperienced workers D. reductions in the scrap rate E. none of the above
A factor that would tend to reduce productivity is more inexperienced workers. The correct answer is C.
Productivity in an economic term is defined as a efficiency measurement of the output of production of goods and services against the amount of resources used to produce the goods and services (input), or in another words, productivity is a measurement of a total output with a given input. Productivity is important because it will increase the company's profitability given that the company is able to produce more outputs of goods and services without increasing the input.
To learn more about productivity visit: https://brainly.com/question/2992817
#SPJ4
a building was purchased for $61,000. the asset has an expected service life of eight years and depreciation expense each year is $6,000 using the straight-line method. what is the residual value of the building?
The residual value of the building is $13,000. Depreciation is incurred on the portion of a fixed asset that has been determined to have been used up during the current period
What is Depreciation Expense?Depreciation is incurred on the portion of a fixed asset that has been determined to have been used up during the current period. The cost is subsequently added to the expense list. With this charge, the carrying amount of fixed assets will be steadily decreased as their value is depleted over time.Depreciation is regarded as an expense for accounting reasons because it increases a company's operating costs. Machines and other assets undergo wear and tear over the course of their useful lives and lose value as a result. The expense of depreciation is shown on the income statement.($61,000 − X) / 8 = $6,000 depreciation expense;
therefore X = $13,000.
$13,000 is the residual value of the building.
To learn more about depreciation expense. refer,
https://brainly.com/question/28108679
#SPJ4