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netineya [11]
3 years ago
9

Revision of Depreciation

Business
1 answer:
alexgriva [62]3 years ago
3 0
  1. The annual depreciation expense is $17,000.
  2. The book value at the end of the twentieth year of use is $425,000.
  3. The depreciation expense for each of the remaining 20 years is $20,000.
<h3>What is the annual depreciation expense?
</h3>

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

Annual depreciation = ($765,000 - $153,000) / 36 = $17,000

Book value in the 20th year = cost of the asset - accumulated depreciation

765,000 - (17,000 x 20) = $425,000

Depreciation expense for each of the 20 years = (book value - new residual value) / new useful life

(425,000 - $25,000) / 20 = $20,000

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

#SPJ1

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The basic competencies of selling that are required of top professional salespeople include selling skills and _________.a. Acco
fomenos

Answer:

The correct answer is (d)

Explanation:

Interpersonal communication skills are considered vital for marketing professionals, and companies usually arrange workshops and seminars to improve the interpersonal skills of their marketing employees. Apart from selling skills, interpersonal skills are vital to become a top professional salesman. The face to face communication is all about interpersonal skills which include verbal and non-verbal actions that help to attract more customers.

7 0
3 years ago
The activities needed to operate a business can be divided into a number of
stellarik [79]

The activities needed to operate a business can be divided into a number of three types of activities. These are operating, investing, and financing activities.

<h3>What are business activities?</h3>

Business activities can be defined as kinds of activities firms conduct for achieving their purpose. It helps in generating revenues and ensuring business continuity.

The major three types of activities are operating, investing, and financing activities. Operating activities support the entity's primary purpose. Financing deals with collecting funds for financial strength and growth. Investing activities are when a business invests in long-term assets.

Learn more about business activities here:

brainly.com/question/14254734

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8 0
2 years ago
A bond has a par value of $10,000 and currently has a price of $9,500. The bond pays a rate of 5% over 5 years. Calculate the cu
liq [111]

Answer:

The current yield is 5.2% and capital gain is 2.63%.

Explanation:

The par value of bond = $10000

Current price = $9500

Annual coupan payment = 5%

Annual coupan  payment = 10000 × 5% = $500

Now calculate the current yield.

The current yield =  annual coupon payment / current price  

The current yield =   500 / 9500 = 0.052 or 5.2%  

Now calculate the capital gain. In the question, it says that it starts at $9500 so its original price is 9500.

Capital gain yield = (9750 – 9500) / 9500 = 0.0263 or 2.63%

4 0
4 years ago
Each week, Joe’s boss gives him a list of tasks and processes needing to be completed. Which motivating factor does
Fantom [35]

Based on the information given, the motivating factor that is satisfied is it's products.

Motivating factors simply refer to the strategies, incentives, recognition, etc that can be used to improve the motivation to perform the duties at work.

From the information given, it can be noted that the motivating factor is task identification and this is important for the products.

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8 0
3 years ago
The federal funds rate is A. the interest rate that the Federal Reserve charges for its loans to banks. B. the interest rate tha
Ksju [112]

Answer:

C. the interest rate that banks charge each other for overnight loans.

Explanation:

The Fed requires commercial banks to keep some amount of deposits as reserves in their custody. If a bank does not have the  required amount for that day, they borrow from banks with excess funds. The duration of this arrangement is usually overnight.  The interest rate that applies is the fed funds rate.  

The Fed, which is a committee of the FOMC, determines the fed funds rate. The Fed uses the fed funds rate as a monetary policy tool. It adjusts it to drive the economy in the desired direction. Banks base their interest rates on the fed funds rate.

4 0
4 years ago
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