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BigorU [14]
2 years ago
9

A machine with a cost of $85,000 has an estimated residual value of $5,000 and an estimated life of 5 years or 20,000 hours. Wha

t is the amount of depreciation for the second full year, using the double-declining-balance method?
Business
1 answer:
Nataly_w [17]2 years ago
8 0

The amount of depreciation for the second full year, using the double-declining-balance method is  $20,400.

<h3>What is the amount of depreciation in the second year?</h3>

Depreciation is a method used in expensing the value of an asset.

Double declining depreciation expense = [2 x (1/useful life of the asset)] x cost of the asset

Depreciation expense in year 1 = 2/5 x $85,000 = $34,000

Book value at the beginning of year 2 = $85,000 - $34,000 = $51,000

Depreciation expense in year 2 = 2/5 x $51,000 = $20,400

To learn more about depreciation, please check: brainly.com/question/6982430

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At the beginning of its fiscal year, Lakeside Inc. leased office space to LTT Corporation under a ten-year operating lease agree
iVinArrow [24]

Answer: $20,000

Explanation:

The effect of the lease on Lakeside's earnings will be the difference between the earnings from the lease and the cost of the building which will be depreciation.

Depreciation = 2,300,000/25

= $92,000 per year

Earnings per year;

= 28,000 * 4

= $112,000

Increase in earnings = 112,000 - 92,000

= $20,000

6 0
3 years ago
Congress would like to increase tax revenues by 10 percent. Assume that the average taxpayer in the United States earns $65,000
SSSSS [86.1K]

Answer: <em><u>16.5% is the average tax rate that will result in a 10 percent increase in tax revenues.</u></em>

Explanation:

This is an example of static forecasting since no time parameter is involved.

Now,

Let initial revenue be "R" ,

"n" be no. of taxpayer

∴ R= 65000×0.15×n

R +0.1R= 65000×rate×n

Using the above two equation, we'll get ;

<u><em>r = 16.5%</em></u>

7 0
3 years ago
True or False: The parts of the cells called, cellular respiration, glucose and oxygen combine to make carbon dioxide and water
Cloud [144]

Answer:

Ture

Explanation:

3 0
3 years ago
Read 2 more answers
When most consumers who would buy a product are either repeat purchasers of the item or have tried and abandoned it, what stage
fiasKO [112]

Answer:

Promotional expenses are those expenses that a company bears to make its product more aware to the consumers. Maturity stage of product life cycle means the product has already been accepted wide spread and is at its peak in respect of sales but will eventually slow down in growth.

Therefore, promotional activities at the maturity stage are done by companies so that the existing customers would not shift their demand to any of other substitute product.

Explanation:

5 0
3 years ago
The break-even salvage value of a particular project is the salvage value necessary to: a. offset any losses incurred by the sub
never [62]

Answer:

b. achieve a zero net present value for the project.

Explanation:

Break-even point at the level of activity where a project or a business makes no profits or losses. It is the point where revenues match costs. The break-even salvage value of a particular project is the level where the projects return equal to the required rate of return. Therefore, the project does not create losses, nor does it make profits.

In the Net present Value analysis, a project will have positive, zero , or a negative net present value. A zero present value, the required rate of return of the projects match the discount rate, which is the expected rate of return. The break-even salvage value is, therefore, the level where the net present value is zero.

5 0
3 years ago
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