Given:
Cost = 24,000
life = 5 years
salvage value = 4,000
Double declining balance stops when the book value of the asset is equal to its salvage value.
Double declining balance formula: 2 * straight line dep. rate * book value beginning of the year.
straight line dep rate = (24,000 - 4,000) ÷ 5 yrs = 4,000
⇒ 4,000 / 20,000 = 0.2 or 20%
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year Net book value, beg DDB dep. ext net book value, end
</span><span>2011 24,000 9,600 14,400
</span><span>2012 14,400 5,760 8,640
</span><span>2013 8,640 3,456 5,184
The depreciation expense recognized in 20x3 is 3,456.
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Answer:
Line graphs are used to track changes over short and long periods of time. When smaller changes exist, line graphs are better to use than bar graphs. Line graphs can also be used to compare changes over the same period of time for more than one group.
Explanation:
Since this was added 3 weeks ago. What was the correct answer?
Explanation:
In this question it can be seen that Shirley is using a comprehensive product management marketing approach to adjust the company's line of magnets, focusing on the pricing strategy and positioning of some products, which can be seen in the question when Shirley discovered that the group of emoji magnets needed more market penetration, and so through that she created a campaign, analyzed the statistics of the total line and adjusted and identified some synergies for the new products, which made it possible to adjust the overwall of the product line and not just individual products.
Shirley considered the way products work together as collectives and how one product can influence another.
Answer: The answer is as follows:
Explanation:
Each item is classified as follows:
(a) Issuance of ownership shares - Common Stock
(b) Land purchased - Assets
(c) Amounts owed to suppliers - Liabilities (Accounts Payable)
(d) Bonds payable - Liabilities
(e) Amount earned from selling a product - Revenue
(f) Cost of advertising - Expense
