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Nana76 [90]
2 years ago
15

On january 1, 2016, knapp corporation acquired machinery at a cost of $1,250,000. knapp adopted the double-declining balance met

hod of depreciation for this machinery and had been recording depreciation over an estimated useful life of ten years, with no residual value. at the beginning of 2019, a decision was made to change to the straight-line method of depreciation for the machinery. the depreciation expense for 2019 would be
Business
1 answer:
Annette [7]2 years ago
5 0
Cost on January 1 2016 = $1,250,000
Life = 10 years

Therefore,
Double-declining depreciation rate = 2*(1,250,000/10)/1,250,000 = 2*0.1 = 2*10% = 20%
Book value at end of 2016 = 1,250,000 - (1,250,000*20/100) = $1,000,000
Book value at end of 2017 = 1,000,000 - (1,000,000*20/100) = $800,000
Book value at end of 2018 = 800,000 - (800,000*20/100) = $640,000

Changing to straight line depreciation:
Life remaining = 7 years
Book value = $640,000

Depreciation expense per year = 640,000/7 = $91,428.57

Therefore, depreciation expense for 2019 = $91,428.57

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Which of the following statements support the claim that incentives matter? Explain why or why not. 1. When income transfers to
siniylev [52]

Answer:

1. When income transfers to the able­bodied poor increase, the recipients will have less incentive to work.

The incentive to work for most people is earning a wage to make a living.

For the poor, this incentive is even more so, because usually, the lack of work for them means severe lacking in their material needs: shelter, food, clothing, electricity, drinking water, and so on.

If the poor are given income transfers from the government, they will have less incentive to work simply because they now obtain some income without the need of doing so.

The incentive to work is reduced even more if the income transfers to the ablebodied poor increase so much that they become higher than the minimum wage. In a situation like this, many ablebodied poor will simply stop searching jobs because they can earn more money from the government by not working.

6 0
3 years ago
The number of levels and managers
attashe74 [19]

Explanation:

it is called Formalization

hahahahahahahahaha

3 0
3 years ago
January 1, 2016, Karev Corporation granted options to purchase 5,300 of its common shares at $6 each. The market price of common
sergey [27]

Answer:

$1.64 per share

Explanation:

The computation of Number of Shares for computing Diluted Earning per share is shown below:-

Proceeds expected = 5,300 × $6

= $31,800

No. of Shares re-purchased = $31,800 ÷ $11

= $2,891 (rounded)

Net Effect of Stock Option = 5,300 - $2,891

= 2,409 shares

Number of Shares for computing Diluted Earning per share = Outstanding shares + Net Effect of Stock Option

= 71,105 + 2,409

= 73,514

Diluted earnings per share for the quarter = Net income for the quarter ÷ Number of Shares for computing Diluted Earning per share

= $120,805 ÷ 73,514

= $1.64 per share

So, for computing the Number of Shares for computing Diluted Earning per share we simply applied the above formula.

8 0
3 years ago
g Tax advantages of being self-employed (rather than being an employee) include: a.Job-related expenses are deductions for AGI.
kvv77 [185]

Answer:

The correct answer is letter "A": Job-related expenses are deductions for AGI.

Explanation:

There are several tax benefits self-employed have but, in general, job-related expenses can be deducted from their <em>Adjusted Gross Income</em> (AGI). You can deduct half of your self-employed tax paid in Medicare and Social Security from your income. Essentially, the IRS treats the employer's share of the employment tax as a business expense and allows for an appropriate deduction.

Home office deductions may be complex. The cost of any work base used regularly and exclusively for business can also be the cost of the home office. This includes expenses on utilities, too.

3 0
3 years ago
your parents spent $7,800 to buy 200 shares of stock in a new company 12 years ago. the stock has appreciated 14.6 percent per y
maw [93]

Based on the information the current value of those 200 shares is $40,023.03.

Using this formula

Future value=Principal(1+rate)^Time

Where:

Principal=$7,800

Rate=14.6% or .145

Time =12 years

Let plug in the formula

Future value=$7,800 × (1 + .146)^12

Future value=$7,800×(1.146)^12

Future value=$7,800×5.131159

Future value= $40,023.03

Inconclusion the current value of those 200 shares is $40,023.03.

Learn more here:

brainly.com/question/24131921

4 0
2 years ago
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