With depreciation, the estimated amount of money that can be expected from some buyer at the end of asset’s useful life is its

Salvage value

Explanation:

Salvage value is the value of an asset after all depreciation expenses has been expensed.

For example, an asset cost $500,000, it has a 2 year useful life. the depreciation percentage is 20% for each of the useful life of the asset, the salvage value =

Cost of the asset - accumulated depreciation

accumulated depreciation = 2 x($500,000 x 0,2) = $200,000

Salvage value = $500,000 - $200,000 = $300,000

$300,000 is the estimated amount of money that can be expected from some buyer at the end of asset’s useful life

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; complain or request hazard correction from your employer;