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san4es73 [151]
4 years ago
8

The amount of depreciation expense for the first full year of use of a fixed asset costing $95,000, with an estimated residual v

alue of $5,000 and a useful life of five years, is $19,000 by the straight-line method. True False
Business
1 answer:
Keith_Richards [23]4 years ago
8 0

Answer:

False

Explanation:

Depreciation for on straight-line method:

Cost price: $ 95,000.00

Residual value: $ 5,000.00

Depreciable amount = $ 95,000- $ 5000

    = $90,000.00

Depreciation per year= 1/5x 90,000

    =0.2 x$ 90,000

    =$18,000.00

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Which of the following statements is true? The Medicaid program cover everyone below the poverty line Government health insuranc
Aloiza [94]

Answer:

C). Almost half of medical care costs in the U.S. is paid by the government.

Explanation:

The second statement that asserts a true claim regarding the funding of medical care in the United States. The federal government in total funds 65% of the funds spent on Medicaid and around 80+% for CHIP(Children's healthcare program). Nearly 18% of GDP is spent by the federal government on funding the expenditures incurred on health care as it is highly concerned about the health of its citizens as a healthy state can only be the leading and the most powerful one. Last year, around 1.2 trillion dollars were spent on the healthcare budget and the goals are to reach higher. Thus, this statement asserts a true claim and hence, <u>option C</u> is the correct answer.

3 0
3 years ago
Jake told Oliver that walking should be promoted as a part of a healthy lifestyle. Since they were developing a walking app, he
MatroZZZ [7]

Answer:

D) proactive

Explanation:

In this scenario, it seems that the company is taking a proactive stance towards social responsibility. This is because they are raising health awareness by going out and physically walking with the community as their way of promoting a healthy lifestyle. This would be considered a proactive approach since they are doing things in person and physically as opposed to promoting their message through regulations and ads.

7 0
3 years ago
The XYZ Manufacturing Co. uses a gain sharing plan that gives incentives to employees to finish products rather than to incentiv
Sav [38]

Answer:

A) Improshare

Explanation:

Based on the information provided it can be said that in this scenario the gain sharing program being used by XYZ Manufacturing Co.  is improshare.  This term refers to “Improved Productivity through Sharing” and is a type of bonus that is given to employees for having increased productivity. Meaning that they produce more output in the same time as before.

8 0
3 years ago
You are considering a new product launch. The project will cost $2,200,000, have a four-year life, and have no salvage value; de
ankoles [38]

Answer:

break-even level of output for this project (ignoring taxes)? (2 decimal places)

d1) What is the accounting break-even level of output for this project? (2 decimal places)

d2) What

3 0
3 years ago
Steve Company purchased a tractor at a cost of $180,000. The tractor has an estimated salvage value of $20,000 and an estimated
ss7ja [257]

Answer:

Loss on sale = $38,000

Explanation:

The computation of sale of tractor is shown below:-

Total depreciation = ($180,000 - $20,000) × (2,400 + 2,100) ÷ 10000

= $72,000

Net book value on January 1, 2021 = Tractor cost - Total depreciation

= $180,000 - $72,000

= $108,000

Loss on sale = Total depreciation - Net book value on January 1, 2021

= $70,000 - $108,000

= $38,000

Therefore for computing the sale of tractor we simply applied the above formula.

4 0
3 years ago
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