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fiasKO [112]
3 years ago
13

A machine costing $251,800 was purchased May 1. The machine should be obsolete after three years and, therefore, no longer usefu

l to the company. The estimated salvage value is $3,400. Calculate the depreciation expense for each year of its expected useful life using each of the following depreciation methods: (a) straight-line, (b) double-declining balance. For double-declining balance, do not round until your final answer. Round your final answers to the nearest dollar.
Business
1 answer:
e-lub [12.9K]3 years ago
5 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

A machine costing $251,800 was purchased May 1. The machine should be obsolete after three years and, therefore, no longer useful to the company. The estimated salvage value is $3,400.

A) Straight-line:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (251,800 - 3,400)/3= $82,800

B) Double declining balance:

Annual depreciation= 2*[(original cost - residual value)/estimated life (years)]

Year 1= (248,400/3)*2= 165,600

Year 2= 55,200

Year 3= 18,400

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Which explanation most likely accounts for the increase in the number of male butterflies in the five years after the initial pa
Stells [14]

The explanation most likely accounts for the increase in the number of male butterflies after the initial parasite problem is that male butterflies in the population survived had a gene that made them resistant to the parasite, as well as the gene, that was passed to their offspring.

So, the correct option is C.

A population's size might alter due to the occurrence of new people or species. The total number of living things that are present in a given habitat is referred to as its population. The scenario indicates that there are now considerably more men in the population. The male butterflies in the population that survived earlier had a gene making them resistant to the parasite, and they passed the gene on to their offspring, leading to the number of males to be increased in the population.

This increase in the number of population growth of males can be explained by the fact that the male butterflies in the population that survived earlier had a gene making them resistant to the parasite, and they passed the gene to their offspring.

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The given question is incomplete. The complete question is:

A few years ago the population of male blue moon butterflies on the island of Samoa declined. One hypothesis for the decline of the male butterflies is that a parasite-infected the cells of female butterflies. The parasite was passed to offspring through the females’ eggs and killed the male butterfly embryos. At one point during the decline, nearly all the butterflies in the population were females, but after five years the number of males in the population increased significantly.

Which explanation most likely accounts for the increase in the number of male butterflies in the five years after the initial parasite problem?

A. Male butterflies in the population that survived were able to prey on the parasites living in the females’ egg cells.

B. Female butterflies in the population that survived had a genetic adaptation that allowed them to transform into male butterflies.

C. Male butterflies in the population that survived had a gene that made them resistant to the parasite, and they passed the gene on to their offspring.

D. Female butterflies in the population that survived were able to protect the male eggs from the parasite and provide extra care for the male offspring.

6 0
1 year ago
Which of the following statements is correct?A.The payment of a cash dividend reduces net income.B.Cash received from issuing co
ioda

Answer:

B.Cash received from issuing common stock to stockholders is reported as a financing activity cash flow within the statement of cash flows.

Explanation:

As when common stock is issued, it provides cash to the company, for any kind of investments, or expense to be made, for running the business.

Financing activities are those which arrange monetary assets generally cash for the company, issue of securities, issue of bonds, borrowings as loans or note payable.

Thus, the statement B is correct.

Further dividends are provided after tax, and are distribution from net income, but not shown under that.

Providing services on account will provide revenue and net income will increase.

Purchasing of any equipment is investing as it will create an asset for the company.

7 0
3 years ago
Sean and Jenny own a home in Boulder City, Nevada, near Lake Mead. During the year, they rented the house for 40 days for $3,000
Dmitry_Shevchenko [17]

Answer:

Sean and Jenny

The deductible net loss for the rental of their home is:

= $18,241.

Explanation:

a) Data and Calculations:

Number of days for rent of $3,000 collected = 40 days

Number of personal use of house = 18 days

Total number of days that the house was in use = 58 days

House Expenses:

Mortgage interest $14,000

Property taxes          3,500

Utilities                       1,100

Maintenance             1,300

Depreciation          10,900

Total expenses  $30,800

Proportion of house expense:

Rental use =       $21,241 (40/58 * $30,800) 69%

Personal use =   $9,559 (18/58 * $30,800)   31%

Total expense $30,800

The deductible net loss for the rental of their home is $18,241 ($3,000 - $21,241).

8 0
3 years ago
A well-written job description should:
Yakvenalex [24]
C. clearly outline the job's responsibilities.
I hope that helps! :)<em />
6 0
3 years ago
Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $14 a
iren2701 [21]

Answer:

In the question, we are not given information with respect to sales costs, so we can only find total gross sales:

Sales Budget fist 2 quarters of the year

Product  Sales Price  Sales Q1 Sales Q2  Total gross sales

XQ-103     $14             22,590    27,710      $704,200

XQ-104     $27             14,880    16,200      $839,160

                                                                     $1,53,360

4 0
3 years ago
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