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The economists told us to sell more at higher prices and less at lower prices. Is this always true? There is a concept call the concept of supply in economics. It is a concept that addresses the quantity of goods made available for sale in the market. Recall that market does not necessarily mean a place where people gather to exchange goods and or services. Market, in economics, could be seen as the contact between a buyer and a seller for the purposes of exchanging goods and services. This means that online purchase and or sale of goods and services today constitute a market. Why? There is the existence of contact. That is people have been brought together (brought to a contact) to exchange what they have. Back to our interest! The quantity of goods that is made available for exchange between knowledgeable, willing buyer and seller is what is known as supply. On the part of a labour, the supply refers to the number of hours the labour is willing and ready to make avail...

There are different methods of calculating depreciation of assets. These include the following: Straight Line method Reducing balance method Sum-of-the-year digit method Service hour method Production output method Revaluation method Sinking Fund method Straight Line Method This method spreads the entire depreciable value of an asset equally over its useful life. Here, the depreciable value is divided by the number of economic useful years of the asset and allocated yearly. Suitability of this method The straight line method of depreciation is best suitable for assets as patent and leases. The reason is that for such assets, time is the important factor that is used to write off the carrying amount of these assets. Although some organizations use this method just because of its simplicity, yet it has some  contentious  shortcomings.  The major disadvantage of this method is that   It is not realistic as equal amount is charged every ye...