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Alex73 [517]
3 years ago
5

Cathrine Corporation acquired a machine for $26,000, and has recorded depreciation for 3 yearsusing the straight-line method ove

r a 6-year life and $2,000 residual value. At the start of the fourth year of use, Denver revised the estimated useful life to a total of 10 years. Estimated residual value declined to $0. 26000-2000=24000/6=4000*3=12000-26000=14000-0=14000/7=2000How much depreciation should Denver record in each of the asset’s last 7 years (that is, year 4 through year 10), following the revision?
Business
1 answer:
Gemiola [76]3 years ago
6 0

Answer:

$2,000

Explanation:

Net book value at the end of the 3rd year=26,000-((26,000-2,000/6)*3)

                                                                     =$14,000

Since the useful life of machine is now revised from the 6 years to 10 years, therefore the total remaining useful life of machine is now 7 years instead of 3 years and accordingly the depreciation from year 4 to year 10 shall be calculated as follows:

Depreciation per year from year 4 to year 10=*14,000-0)/7=$2,000

           

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In the middle of the fourteenth century, an epidemic known as the Black Death killed a third of Europe’s population, about 34 mi
9966 [12]

Answer:

The black death epidemic resulted to death about 34 million European, left more job vacant. This was becuase many workers died while the jobs the were working on as at that time remained almost unchanged. The remained workers after the black death demanded for rise in wages, although the lords stood against the demand.

Explanation:

Although worker population decreased because of the plague, the amount of land and the tools did not change much. Some farm animals died when the people who took care of them died. Because the remaining workers had more tools and land to work, they became more productive, producing more goods and services. When workers are more productive, employers are willing to pay higher wages. The Statute of Laborers and similar laws in other countries were not very effective. Some lords avoided violating the statute by making “in kind” pay-ments—paying workers with food or other goods rather than wages—or providing other “fringe benefi ts.” Some lords began to pay illegally high wages. Wages increased because there were fewer workers—labor had become more scarce

8 0
3 years ago
If the number of buyers of a good increases, the demand for the good will _____ and the demand for labor used to produce that go
Fiesta28 [93]

If the number of buyers of a good increases, the demand for the good will <u>increase</u> and the demand for labor used to produce that good will <u>normal</u>.

The logic behind the demand and supply model is straightforward. The volume of a specific commodity or service that consumers will be able and willing to buy over time at each price is shown by the demand curve.

The supply curve depicts the volume of goods that merchants will offer for sale over that period at various prices.

We should be able to determine a price where the quantity of items buyers are willing and able to buy equals the quantity of goods sellers are willing to offer for sale by combining the two curves.

To learn more about Demand And Supply Model here

brainly.com/question/12984251

#SPJ4

4 0
2 years ago
Peter and Shaline Johnsen moved into a home in a new subdivision. Theirs was one of the first homes in the subdivision. During t
Afina-wow [57]

Answer:

$2420

Explanation:

From 2018, If itemized, total annual allowable limit for State and local taxes is capped at $10,000

Although as separate allowable property tax is ( 1510 + 910) = $2420

Development cost is not a property tax amount.

Therefore, deductible property taxes amount, lessor of follow:

                                                             (10000-5050)               $ 4,950

                                                   or:                                           $ 2,420

4 0
3 years ago
The following information came from the income statement of the Wilkens Company at December 31, 2017: sales revenue $1,800,000;
zaharov [31]

Answer:

6

Explanation:

The average turnover ratio is calculated using the formula.

average turnover ratio = Costs of goods sold

    Average inventories

For Wilkens Company, Costs of goods sold will be sales revenue - the gross profit

= $1,800,000- $600,000 = $1,200,000

Average inventory = Beginning stock + Ending stock /2

= $160,000 + $240,000 /2

=$200

Average turnover ratio = $1,200,000

       $200,000

=6

5 0
3 years ago
What are marketing information systems?
mylen [45]

Answer:

A marketing information system, or an MIS, is a system for gathering, storing, analyzing and distributing valuable marketing data to help marketers make better decisions

8 0
3 years ago
Read 2 more answers
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