In the context of data administration component, the acronym crud stands for copy, revise, undo, and define.

Calculate the amount of depreciation to report during the year ended December 31 for equipment that was purchased at a cost of $

Nostrana [21]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Calculate the amount of depreciation to report during the year ended December 31 for equipment that was purchased for $43,000 on October 1. The equipment has an estimated residual value of $3,000 and an estimated useful life of five years or 20,000 hours.

Assume the equipment was used for 1,000 hours from October 1 to December 31.

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

Annual depreciation= (43,000 - 3,000)/5=8,000

Year 1 depreciation= 8,000/12*3= 2,000

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

Year 1= 16,000/12*3= 4,000

C) Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Annual depreciation= 40,000/20,000= 2

Year 1= 2*1000hs= 2,000

4 0

4 years ago

even though firms in competitive price-searcher markets do not produce at minimum atc, competitive price-searcher markets may st

Natasha2012 [34]

Firms are known to be free to set price and also to face strong competitive pressure. Competitive price-searcher markets may still be consistent with economic efficiency because they provide consumers with a greater diversity of products.

Firms in competitive price-searcher markets that has a small entry obstacles often face a downward sloping demand curve. Competition often exists from existing firms and new rivals.

Firms that exist in a perfectly competitive market are known to be price takers due to the fact that once the market determines an equilibrium price for the product, firms need to accept the stated price.

For an individual to sell a product in a perfectly competitive market, one must just be happy with the price.

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brainly.com/question/13961843

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3 years ago

Different bosses have the authority to run their own departments in

Gelneren [198K]

<span>Decentralization Organizations</span>

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4 years ago

Why was bank of america industry successful at one point

777dan777 [17]

Answer:

Bank of America (NYSE:BAC) has had its fair share of missteps over the past decade, but it's also had successes. Topping the list for the latter is the progress it's made in mobile banking, which has enabled the bank to slash operating expenses in its consumer banking segment.

You can get a sense for Bank of America's success in this regard by looking at the number of people who use its mobile application. In the most recent quarter, the bank boasted 19.6 million active mobile users. That's five times the number it had in 2009. To put this in perspective, Bank of America has 60 million total clients within 45 million households.

The impact on Bank of America's transaction mix has been dramatic. Mobile check deposits are up by a factor of 10 since 2012, and now account for 16% of all deposit transactions at the North Carolina-based bank. If you also factor in ATM transactions, two-thirds of Bank of America's deposit transactions are now automated. That compares to only 35% in 2009.

Explanation:

7 0

3 years ago

Hello Everyone!!Eid Mubarak to you and your family!! Stay blessed!!

noname [10]

Hiii Eid Mubarak to you too! Stay safe!!

4 0

3 years ago