Answer:
$18,750
Explanation:
The double declining method of depreciation (DDB) formula is:
DDB= 2 * Cost of the asset * Depreciation rate (DR)
DR= (1/useful life)*100
For this problem:
Value to depreciate: $75,000
DR= (1/4)*100= 25%
DEPRECIATION YEAR 1: DDB= 2 * $75,000*25%= $37,500
Machine´s value year 1: $75,000-$37,500= $37,500
DEPRECIATION YEAR 2: DDB= 2*37,500*25%= $18,750
Answer:
He needs to add all of the transactions together.
Explanation:
Answer:
hshhfjfjfjr you Lord for his birthday and the family doing l you Lord you Father for orders please let her have a good morning to you Lord for all of your hard work in the hospital and the family have seen the look of your hips
Answer:
test marketing stage
Explanation:
Test marketing stage -
It is the method , where the population is made to decide about the sample of any product before the complete launch of the product , is known as test marketing stage .
This method helps to get the proper opinion of the product , whether it can survive in the market or not , before the launch of the complete range of product .
hence , from the question , the correct term for the given information of the question is test marketing stage .
Answer:
$35,000
Explanation:
We can use the following simple formula:
Beginning retained earnings balance = Ending retained earnings balance − Net Income + Dividends
Therefore,
Net Income = Ending retained earnings balance - Beginning retained earnings balance + Dividends
Net Income = $82,000 - $55,000 + $8,000
Net Income = $35,000.
Therefore, net income is equal to $35,000.
