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.
New minimum wage for hospitality sector. Pretoria-South Africaâs Hospitality Sector minimum wage has been adjusted upward with effect from 1 July 2015.The change in the minimum wage is in line with the Basic Conditions of Employment Act (BCEA) which empowers Labour Minister Mildred Oliphant to adjust wages in the sector.According to the Department of Labour, the new minimum wage will be applicable until 30 June 2016.ew minimum wage for hospitality sector. Pretoria-South Africaâs Hospitality Sector minimum wage has been adjusted upward with effect from 1 July 2015.