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12.08.2020 •
Business
An investment adviser with no place of business in the State is exempt from registration if it renders advice solely to employee benefit plans with assets of at least:
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Ответ:
$1,000,000
Explanation:
The investment adviser who doesn't have any place of business in the state and offers his services to only employee benefit plans with assets of assets at least $1,000,000 are exempt from registration. If the asset value exceeds this limit then the investment adviser will be required to register itself.
Ответ:
a. It will be depreciated over its useful life.
Explanation:
Any capital asset when purchased is not straight forward charged in income statement, for this depreciation with respect to benefits for the period is charged against revenue, therefore depreciation is charged for the life of an asset matching against the benefits through the asset.
Printing press is a fixed asset and not a short term asset thus, depreciation will be charged on the cost of such asset in income statement.
Therefore, correct statement shall be
a. It will be depreciated over its useful life.