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ddd [48]
3 years ago
8

Better Beverages purchased some fixed assets classified as five-year property for MACRS. The assets cost $108,000. The MACRS rat

es are .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. What will the accumulated depreciation be at the end of year 4?a. $101,779.20
b. $25,056.67
c. $42,002.89
d. $48,755.09
e. $89,337.60
Business
1 answer:
lakkis [162]3 years ago
0 0

Answer:

e. $89,337.60

Explanation:

Given that

The cost of the asset = $108,000

And, the MACRS rate is .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6

So the accumulated depreciation at the end of the year 4 is

= ($108,000) × (0.2 + 0.32 + 0.192 + 0.1152)

= $108,000 × 0.8272

= $89,337.60

By multiplying the cost of the asset with the MACRS rate upto fourth year we can get the accumulated depreciation

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The answer would be the last choice
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How does the government help ensure fair prices for all citizens of a particular area served by one utility company?
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Answer:

The answer is by negotiating affordable rates with a supplier.

Explanation:

The government helps ensure fair prices for all citizens by negotiating affordable rates with a supplier.

5 0
3 years ago
A company is considering the purchase of a new machine for $48,000. Management expects that the machine can produce sales of $16
joja [24]

Explanation & answer:

Cash basis, so all monies retain same values over the years.

Let x = payback period in years

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= 48000 - 4000x

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For payback

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16000x = 48000 +12000x

Solve for x

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5 0
3 years ago
12. When computer professionals take on jobs, they may not enter into relationships with which of the
geniusboy [140]

Answer:

12. When computer professionals take on jobs, they may not enter into relationships with the:  

d) society

13. This does not come under the category of strongly differentiated profession:

c) policeman

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15. This is a mutual right duty of employer and employee:

b) Work well done

Explanation:

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7 0
3 years ago
T. Dole invests cash and land into an existing partnership. The cash invested is $30,000 and the land has a fair market value of
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The journal entry to reflect this transaction would include a credit to T. Dole, Capital in the amount of $90,000.

<h3>What journal entries?</h3>
  • A journal entry is an act of keeping or producing records of any economic or non-economic transaction.
  • An accounting journal, which shows a company's debit and credit balances, records transactions.
  • The journal entry can be made up of multiple records, each of which is either a debit or a credit.
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So, the journal entry to reflect this transaction would include a credit to T. Dole, Capital in the amount of cash invested, and the fair market value.

30,000 + 60,000 = $90,000

Therefore, the journal entry to reflect this transaction would include a credit to T. Dole, Capital in the amount of $90,000.

Know more about journal entries here:

brainly.com/question/14279491

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The complete question:

T. Dole invests cash and land into an existing partnership. The cash invested is $30,000 and the land has a fair market value of $60,000. The journal entry to reflect this transaction would include a credit to T. Dole, Capital in the amount of $ ______.

7 0
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