All categories

2 years ago

Current Attempt in Progress

Business

1 answer:

Readme [11.4K]2 years ago

6 0

The depreciation for the second year under Double-declining-balance is:$18,525.

<h3>Depreciation</h3>

First year

Year 1 depreciation=$74,100×(1/4×2)

Year 1 depreciation= 37,050

Second year

Year 2 depreciation=($74,100-$37,050)×(1/4×2)

Year 2 depreciation=$37,050×(1/4×2)

Year 2 depreciation= $18,525

Therefore the depreciation for the second year under Double-declining-balance is:$18,525.

Learn more about depreciation here:brainly.com/question/25806993

#SPJ1

You might be interested in

Accents Associates sells only one product, with a current selling price of $150 per unit. Variable costs are 30% of this selling

Ksju [112]

Answer:

$65,333

Explanation:

As we know,

Sales price = Variable cost + Contribution cost

Sales price = Variable cost ratio + Contribution margin ratio

100% = 30% + Contribution

Contribution = 100% - 30%

Contribution = 70%

Fixed cost = $19,600

Break even sales = Fixed cost / Contribution margin ratio

Break even sales = $19,600 / 30%

Break even sales = $19,600 / 0.3

Break even sales = $65,333.

8 0

3 years ago

Presented below is information related to Waterway Company. Cost Retail Beginning inventory $374,710 $283,000 Purchases 1,393,00

Lilit [14]

Answer:

$218,050

Explanation:

Please see attachment.

5 0

3 years ago

Loren files a suit against Mabel, alleging a failure to pay for the harvest of Mabel's orchards. Mabel denies Loren's charge and

True [87]

Answer: COUNTERCLAIM

Explanation: Counterclaim is a term mainly used in legal matters,to refer to claim allegedly made by a defendant against the claims of an apellant. The issues concerning Loren and Mabel is a case of Counterclaim.

Counterclaim puts both persons involved in the suit in the same level,as the Court will have to review both claims and determine who is at fault or guilty and the level of Compensation required by either or both of the parties.

4 0

3 years ago

Read 2 more answers

The hotel manager received an offer to hold the local bikers' club annual meeting at the hotel in march, which is the hotel's lo

OleMash [197]

<span>Given that this is the hotels low season, and this would be a definite increase in income that the hotel would not normally get, the hotel manager should accept. 45 suites at $100/ night for 3 nights is a nice $13,500. That would be a nice profit in their low season.</span>

6 0

4 years ago

A 3/1 ARM is made for $150,000 at 7% with a 30 year maturity. Assuming that fixed payments are to be made monthly for three year

sveticcg [70]

Answer:

Monthly paymenty for $ 997.954

Explanation:

We have to calcualte for the PTM of the mortgage for the first three years at which the rate is fixed:

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV $150,000

time 360 (30 years x 12 months)

rate 0.005833333 (7% annual / 12 months)

$150000 \div \frac{1-(1+0.005833)^{-360} }{0.005833} = C\\$

C $ 997.954

8 0

3 years ago