Answer:
$63,000
Explanation:
Straight line method charges a fixed amount of depreciation for the period the asset is used in the business.
Depreciation Expense = (Costs - Salvage Value) ÷ Estimated useful life
therefore,
2021
Depreciation Expense = $420000 ÷ 4 = $105,000
2022
One month has already expired, therefore the remaining useful life out of 6 years will be 5.
New Depreciable Amount = Cost - Accumulated depreciation to date
= $420,000 - $105,000
= $315,000
Depreciation expense = $315,000 ÷ 5 = $63,000
Conclusion :
the revised depreciation expense for 2022 is $63,000
Answer:
The Answer is False.
<u>The Ware house manager who is placing an order for maintenance supplies for delivery vehicles would be making a non-Programmed decision</u>
Explanation:
<u>non-programmed decisions are the decision are basically concerned with the maintenance supplies for raw materials.</u>
<u></u>
<u>The Programmed decisions are made in response to situations that are unique,unpredictable and that are largely unstructured.</u>
Answer:
S corporation
Explanation:
In the given case, The eagle basis at the closing of the year is 70,000 i.e. $40,000 + $30,000 (50% of $60,000)
In the case when the entity was a general partnership so 50% of $10,000 i.e. $5,000 would be added to the basis of Eagle
So here the type of entity that was formed is S corporation
The same is relevant
Answer:
c. $166.67 million
Explanation:
cost of expansion = new equity issued / (1 - flotation costs)
cost of expansion = $150 million / (1 - 10%) = $150 million / 90% = $166.67 million
Flotation costs increase the cost of equity, since they are an expense that decreases the net amount of money received by a corporation when it issued new stocks or new bonds.
The correct answer is C) implementation.
Gemini Inc. has prepared a market plan for its air conditioners. The managers at Gemini have outlined several activities for their subordinates based on a marketing plan. The employees are required to finish these activities within specific time frames. The managers have also allocated a budget for each activity. In the context of marketing planning, the concept that illustrates the scenario is<u><em> implementation.</em></u>
When talking about the marketing plan, the first stage in the planning where managers establish the goals, the strategies and tactics to reach those goals. Those strategies and tactics come to reality in the implementation stage, when management gives every department and employee the activities they need to do in order to accomplish the goals. The implementation is the operative part that has to be done in the allocated time and within the budgetary restriction to fulfill the programs and accomplish goals.
