Intellectual Property can be protected by

Alejandro Yago leased a Jeep for $209.00 per month for 60 months.He paid a deposit of $850.00, a title fee of $45.00, and a lice

kenny6666 [7]

Answer:

$ 14,267.88

Explanation:

The total cost of leasing the jeep will be

Title fee : = $45.00

License fee: =$60.00

Monthly fees: $209.00 x 60 = $12,540

charges for miles above 60,000 miles (73,524 -60,000)

=$0.12 x 13524

=$1,622.88

Total cost = $45 +$60 + $12,540, + $1,622.88

Total cost = $ 14,267.88

3 0

3 years ago

You invest in a project that has a depreciable asset. The asset is depreciable under the 5year MACRS category. The depreciation

hodyreva [135]

Answer:

c.$28,800

Explanation:

Depreciation of the asset is calculated using the following formula:

Depreciation=Cost of Asset*Depreciation percentage for specific year

Keeping in mind the above formula, depreciation can be calculated as follow:

Cost of Asset=$150,000

Depreciation for year 1=150,000*0.20=$30,000

Depreciation for year 2=150,000*0.32=$48,000

Depreciation for year 3=150,000*0.192=$28,800

Therefore, the answer is c.$28,800

8 0

3 years ago

Assume that TarMart purchased equipment at the beginning of fiscal year 2016 for $480,000 cash. The equipment had an estimated u

vovikov84 [41]

Answer:

1. What would depreciation expense be for year 3 under the straight-line method?

= ($480,000 - $30,000) / 8 = $56,250

same depreciation expense for every year

2. What would depreciation expense be for year 3 under the double-declining balance method?

depreciation year 1 = 2 x 1/8 x $480,000 = $120,000

depreciation year 2 = 2 x 1/8 x $360,000 = $90,000

depreciation year 3 = 2 x 1/8 x $270,000 = $67,500

3. What is the first year in which depreciation expense under the straight-line method is higher than under the declining balance method?

under double declining method

depreciation year 4 = 2 x 1/8 x $202,500 = $50,625

In year 4, depreciation expense wil be higher using the straight line method.

4. Assume TarMart uses the straight-line depreciation method for its equipment. Also assume that at fiscal year-end 2020, TarMart sold the equipment purchased at the beginning of fiscal year 2016 for $200,000 cash. Prepare the journal entry to record the sale of the equipment at year-end 2020.

Dr Cash 200,000

Dr Accumulated depreciation - equipment 225,000

Dr Loss on sale of equipment 55,000

Cr Equipment 480,000

Explanation:

purchase cost $480,000

useful life 8 years

salvage value $30,000

3 0

3 years ago

If the marginal cost of production is greater than the average cost, in what direction must the average cost be changing, if any

ziro4ka [17]

Answer:

b) The average cost must be rising.

Explanation:

Assuming that the entity produce 4 units and its total cost is $16 so average cost per unit is $4 and now the same entity has produced the 5th unit at $5 so the average cost now per unit is (16+5)/5=$4.2

So based on the above discussion, it can be concluded that average cost increase when the marginal cost of production is increased.

So the answer is b) The average cost must be rising.

6 0

3 years ago

A home buyer can afford to spend no more than $1500/month on mortgage payments. Suppose that the interest rate is 6%, that inter

krok68 [10]

Answer:

20 years mortgage:

maximum loan $ 209, 371.16

interest paid $ 150,628.84

30 years mortage

maximum loan $ 250,187.4216

interest paid $ 289,812.58

Explanation:

20 years mortgage:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 1,500.00

time 240 (20 years x 12 months)

rate 0.005 ( 6% annual / 12 months per year)

$1500 \times \frac{1-(1+0.005)^{-240} }{0.005} = PV\\$

PV $209,371.1575

Quota x number of cuotas - principal = total interest

1,500 x 240 - 209,371.16 = 150628.84

30 years mortgage

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 1,500.00

time 360

rate 0.005

$1500 \times \frac{1-(1+0.005)^{-360} }{0.005} = PV\\$

PV $250,187.4216

Quota x number of cuotas - principal = total interest

1,500 x 360 - 250,187.42 = 289,812.58

8 0

3 years ago