Canliss Mining uses the retirement method to determine depreciation on its office equipment. During 2019, its first year of operations, office equipment was purchased at a cost of $14,000. Useful life of the equipment averages four years and no salvage value is anticipated. In 2021, equipment costing $5,000 was sold for $600 and replaced with new equipment costing $6,000. Canliss would record 2021 depreciation of:

$4,400

Explanation:

Canliss Mining

Cost of equipment $5,000

Less proceeds $600

Depreciation $4,400

Therefore Canliss would record 2021 depreciation of $4,400 because Depreciation can simply means reduction in asset just as the information given about

Canliss Mining in which equipment costing $5,000 but was sold for $600

answer; i believe that the correct answer is ( secondary research); //

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.