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  #1 ()
zgjytkofcj : I could buy 1-2 static caravans in cash with £15,000 and maybe buy 1 on finance.

So going by that, I would have 3 caravans on a holiday site in Skegness UK and will let out 8 or 9 months. (I think you cant let out 3-4 months out of 12).



Ground rent, insurance, Gas, electric will be about £2,500, no more than £3,000 per year per caravan.

For the first year, the holiday site sort out all bookings and cleaning and take about 30% of your money made because the money they make from ground rent is not enough for those greedy buggers, anyway, After the first year I can then sort out all bookings and cleaning myself and will keep that 30%.

Each year I will pay all the rates and fees then save the rest until I can buy a 4th static caravan, then 5th, then 6th, so on so Fourth.

Every so many years I will have to move or sell a caravan. (I think its after a caravan reaches a age of 10 yrs it has to get off site, I will know for sure in a few weeks when I go on holiday and ask). Anyway, I would sell it.

I wanted to do this ages ago but all I have read on this is owners losing money. But all those who lost money didn't keep buying and letting and selling and buying and letting. They all seemed to have just bought one for themselves which they let out when they wasn't using it plus probably let there family stop in it for free or didn't charge them much.

Do you think this idea would work?
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  #2 ()
vialueree : To be useful, the information outputs of a system should be



relevant, reliable, timely, and accurate.



reliable, flexible, understandable and timeless.



distributed only to management personnel.



such that one report meets all different users needs



2)A truck that cost $36,000 and on which $30,000 of accumulated depreciation has been recorded was disposed of for $9,000 cash. The entry to record this event would include a



loss of $3,000.



credit to Accumulated Depreciation for $30,000.



credit to the Truck account for $6,000.



gain of $3,000.

3The book value of an asset will equal its fair market value at the date of sale if



a loss on disposal is recorded.



no gain or loss on disposal is recorded.



a gain on disposal is recorded.



the plant asset is fully depreciated.

4If a fully depreciated plant asset is still used by a company, the



estimated remaining useful life must be revised to calculate the correct revised depreciation.



asset and the accumulated depreciation continue to be reported on the balance sheet without adjustment until the asset is retired.



accumulated depreciation account is removed from the books but the asset account remains.



asset is removed from the books.

5)If a plant asset is sold before it is fully depreciated,



neither a gain nor a loss can occur.



only a gain on disposal can occur.



only a loss on disposal can occur.



either a gain or a loss can occur.
6)A machine with a cost of $160,000 has an estimated salvage value of $10,000 and an estimated useful life of 5 years or 15,000 hours. It is to be depreciated using the units-of-activity method of depreciation. What is the amount of depreciation for the second full year, during which the machine was used 5,000 hours?



$30,000



$43,333



$53,333



$50,000
7)Equipment was purchased for $17,000 on January 1, 2010. Freight charges amounted to $700 and there was a cost of $2,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $3,000 salvage value at the end of its 5-year useful life. What is the amount of accumulated depreciation at December 31, 2011, if the straight-line method of depreciation is used?



$6,680



$3,340



$2,860



$5,720
8Which of the following methods of computing depreciation is production based?



Straight-line



Declining-balance



Units-of-activity



None of these.

thanks alot!!!!!
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  #3 ()
DegreeMoon : Many people are under the illusion that in order to cancel your orange pay monthly contract you have to give 30 days notice. This is only true once your min contract period has expired.

If you want to leave before your contract has expired you do not have to give 30 days notice. The only condition is any outstanding charges must be paid, so if your contract ends on Nov 15 - ring on the 14th and ask to cancel which only leaves 1 day of charges to pay.

Don't believe me!!!! It it clearly stated in their terms and condition - part 4.2.
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  #4 ()
Objedribe : I want to upgrade to an iPhone 4s since it is now free following the iPhone 5s and 5c release. How much would it cost to upgrade? I think it is 150$ but I want to be sure. IT WILL GET A CONTRACT.
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  #5 ()
floalpawl : Why do you think its 150 when its free on contract? You have to be the cheesy new contract fee which is $40 I believe (screw job imo) but nothing you can do about that because they all charge it. Other then that there is no cost, you usually pay your first month or so on some contracts when you purchase.
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  #6 ()
esyez021 : I need serious answers here.
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  #7 ()
malLalebalk : Yes it should. MetroPCS's recent merger with T-Mobile will allow you to use your unlocked phone with Metro via T-Mobile's GSM network.
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