Acompany has decided to purchase new office furniture with a useful life of 12 years for $100,000. sales tax for the furniture was $6,000, and inbound transportation costs were $4,000. the new furniture will be kept for 10 years before being sold. its estimated salvage value at the time is expected to be $5,000. using the sl depreciation method, the book value at the end of the 5th year of use is:

Book value= $61250

Explanation:

Giving the following information:

A company has decided to purchase new office furniture with a useful life of 12 years for $100,000. Sales tax for the furniture was $6,000, and inbound transportation costs were $4,000. The new furniture will be kept for 10 years before being sold. Its estimated salvage value at the time is expected to be $5,000.

Straight-line depreciation= (purchase value - salvage value)/useful life= (110,000 - 5000)/12= 8750

Book value= depreciable value - accumulated depreciation

Book value= 105000 - (8750*5)= $61250

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.