Suppose a business has an asset with $1,000 original cost, $100 salvage value, and 5 years of useful life. First, the straight-line depreciation rate would be 1/5, i.e. 20% per year. Under the double-declining-balance method, double that rate, i.e. 40% depreciation rate would be used.hile depreciation expense is recorded on the income statement of a business, its impact is generally recorded in a separate account and disclosed on the balance sheet as accumulated depreciation, under fixed assets, according to most accounting principles.
Individuals who have an associate degree in hospitality working up to four years earn a median wage of $36,000. Graduates of bachelorâs degree in hospitality with under a year working earn a median pay of $29,000 and those with up to fours years employment earn around $38,000.
The average salary for professional, scientific, and technical services is $53,100, and the average is $53,300 for finance and insurance, Koncz says. Business majors as a group saw their overall average salary rise 7.1 percent, from $50,633 in 2012 to $54,234 in 2013.That large increase was driven primarily by double-digit increases for three majors: finance, hospitality services management, and international business, the survey states.usiness majors as a group saw their overall average salary rise 7.1 percent, from $50,633 in 2012 to $54,234 in 2013. That large increase was driven primarily by double-digit increases for three majors: finance, hospitality services management, and international business, the survey states.