Greg's copy shop bought equipment for $60,000 on january 1, 2006. greg estimated the useful life to be 3 years with no salvage value, and the straight-line method of depreciation will be used. on january 1, 2007, greg decides that the business will use the equipment for a total of 5 years. what is the revised depreciation expense for 2007? a. $20,000b. $8,000c. $10,000d. $15,000

Show the changes to the t-accounts for the federal reserve and for commercial banks when the federal reserve buys $50 million in u.s. treasury bills. if the public holds a fixed amount of currency (so that all loans create an equal amount of deposits in the banking system), the minimum reserve ratio is 10%, and banks hold no excess reserves, by how much will deposits in the commercial banks change? by how much will the money supply change? show the final changes to the t-account for commercial banks when the money supply changes by this amount.

Why should managers invest any excess cash

What is the sequence of events that could lead to trade surplus