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SCORPION-xisa [38]
1 year ago
14

Consider the following information for a machine: cost = $15,000 residual value = $3,000 useful live = 5 years using straight li

ne depreciation, what would the monthly amount of depreciation be?
Business
1 answer:
alina1380 [7]1 year ago
6 0

Take into account the machine's cost of $15,000, residual value of $3,000, and usable life of 5 years with straight line depreciation, what would the monthly amount of depreciation be declining-balance

What is Declining Balance?
In an accelerated depreciation scheme known as the declining balance method, bigger depreciation expenses are recorded in the earlier years of an asset's useful life and smaller depreciation expenses are recorded in the asset's later years. The diminishing balance approach, sometimes referred to as the declining balance method, is the best choice for assets that eventually lose value or become obsolete. This is typically true for high-tech things like computers, cellphones, and other devices of this nature, which are typically useful at first but become less so when newer models are introduced to the market. The eventual phase-out of these assets is taken into account through an accelerated method of depreciation.

To learn more about Declining Balance
brainly.com/question/24296752
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Paula weeded 40% of her garden in 8 minutes. How many minutes will it take to weed all of her garden at this rate ?
Digiron [165]

Answer:

3.2

Explanation:

when we get the 8 minutes and multiply

the rate which is 40% we get 3.2. 8*40/100=3.2 minutes.

3 0
2 years ago
The James River Co. pays an annual dividend of $1.50 per share on its common stock. This dividend amount has been constant for t
Svet_ta [14]
I think the answer is B.
Hope this help
7 0
2 years ago
What happens in the labor market when the following event occurs?
Kryger [21]
I would say that the unemployment rate does not change. This is because people from the fishing industry might have shifted to the travel industry hence fishing deceasing and travel increasing, then the rate is still the same.

Option D
4 0
2 years ago
At December 31, 2020, Ivanhoe Corporation had a deferred tax liability of $26,800. At December 31, 2021, the deferred tax liabil
Tju [1.3M]

Answer:

$65,300

Explanation:

Ivanhoe's income tax expense = deferred tax liability 2021 - deferred tax liability 2020 + current tax expense 2020 = $42,800 - $26,800 + $49,300 = $65,300

A deferred  tax liability occurs when a corporation's income statement shows a certain amount following US GAAP, but the tax rules used by the IRS determine a different amount.

5 0
3 years ago
Which is not a task of the bankruptcy trustee?
klio [65]

Answer:

The option which is not a task of the bankruptcy trustee is;

Represent the debtor when meeting with creditors

Explanation:

In a case of bankruptcy a bankruptcy trustee is assigned by the court and to whom the case information is handed to perform the following tasks

1) Converts the collected company assets to money

2) Assess the creditors (owed by the debtor) proof of claims

3) Allocate monetary refunds to the creditors

4)  Upholds or refuse claimants to specific debts

5) Completes tax and other financial reports that are submitted to government agencies

3 0
2 years ago
Read 2 more answers
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