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Annette [7]
3 years ago
12

Marlow Company purchased a point of sale system on January 1 for $6,300. This system has a useful life of 10 years and a salvage

value of $850. What would be the depreciation expense for the second year of its useful life using the double-declining-balance method
Business
1 answer:
iren2701 [21]3 years ago
3 0

Answer:

Depreciation expense Year 2= $872

Explanation:

Giving the following information:

Purchase price= $6,300

Salvage value= $850

Useful life= 10

<u>To calculate the depreciation expense under the double-declining balance method, we need to use the following formula each year:</u>

Annual depreciation= 2*[(book value)/estimated life (years)]

Year1= 2*[(6,300 - 850)/10]= $1,090

Year2= 2*[(5,450 - 1,090)/10]= $872

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What is a soending defct
5 0
3 years ago
Now you must decide who should be on the team. Kelly will be on the team as a matter of course, and you must choose three other
Maurinko [17]

Answer: The best choices would have been Deepak Menon, Ruby Coulbury, and Ethan Atkinson

Explanation:

Team work requires the best of those not only coming to the team with their talent and idea but those who'd be willing to put their everything to make sure the project being carried out is a success, failure to do so would just be having bunch of talented people with no passion but woould rather work for personal gain and fame. Choosing the best shouldn't just be what they can do but also how passionate are they. That's why the best choices would have been Deepak Menon, Ruby Coulbury, and Ethan Atkinson based on their passion accompanied with their talent.

7 0
3 years ago
Stock A has an expected return of 17.8 percent, and Stock B has an expected return of 9.6 percent. However, the risk of Stock A
MrRissso [65]

Answer:

13.70%

Explanation:

The expected return of a portfolio is said to be the weighted average of the returns of the individual components,

Given that:

Stock A has an expected return = 17.8%

Stock B has an expected return = 9.6%

the risk of Stock A as measured by its variance is 3 times that of Stock B.

If the two stocks are combined equally in a portfolio;

Then :

The weight of both stocks will be 50% : 50 %

So the  portfolio's expected return can be determined as follows:

Expected return for stock A  = 50% × 17.8%

Expected return = 0.50 × 17.8%

Expected return = 8.9 %

Expected return for stock B = 50 % × 9.6 %

Expected return for stock B = 0.50 × 9.6%

Expected return for stock B = 4.8%

Expected return of the portfolio = summation of the expected return for both stocks

Expected return of the portfolio = 8.9 %  + 4.8%

Expected return of the portfolio =  13.70%

3 0
3 years ago
At the beginning of the year, Monroe Company estimates annual overhead costs to be $800,000 and that 200,000 machine hours will
lora16 [44]

Answer:

$600,000

Explanation:

For computing the overhead applied first we have to find out the predetermined overhead rate

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated machine hours)

= $800,000 ÷ 200,000 hours

= $4

Now the overhead applied is

= Actual direct labor-hours × predetermined overhead rate

= 150,000 hours × $4

= $600,000

3 0
3 years ago
Zahra, a self-employed, single taxpayer, reports all her income on Schedule C. During the tax interview, her Tax Professional de
marusya05 [52]

Answer:

B

Explanation:

Explain to Zahra that she must report all her business income and expenses. 

To qualify for the Earned Income Credit  you must have earned income from working for someone or from running or owning a business and meet basic rules.This is a reason for Zahra to report all her business income and expenses.

4 0
3 years ago
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