The deprecation expense in year 1 is $1225.
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What is the depreciation expense in year 1?</h3>
Depreciation is a method that is used to expense the carrying value of an asset. Straight line depreciation is a depreciation method that allocates the deprecation expense evenly across the useful life of the asset.
Straight line depreciation expense is a function of the useful life of the asset, the cost of the asset and the salvage value of the asset.
Straight line depreciation expense = (number of months from Sept to Dec / number of months in a year) x (Cost of asset - Salvage value) / useful life
(3/12) x [(28,400 - 3900) / 5]
1/4 x (24,500/5) = $1225
To learn more about straight line depreciation, please check: brainly.com/question/6982430
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The best way to handle this situation in a more professional way is to advice and tell the employee that his or her habit of being late had affected the department's ability. It is best to tell him or her that his or her presence is needed in order to get the job done and to be able to make the works or tasks that is being sent to the department more faster if he or she would come early and help with the other employees.
Answer and Explanation:
E)variable cost activities, fixed cost activities, and administrative activities.
Answer:
Q1. Answer is B
Explanation: FV= PV(1+r)n
FV= 10,000(1+0.08)26
FV= 73,963.53
FV= 73,963.53(1+0.05)12
FV=132,827.88
Q2. Answer is D
Explanation: The lenght of time she has to wait to reach her goal is directly related to the interest rate she earns
Q3. Answer is A
Explanation: Interest as the interest rate decreases
Q4. Answer is D
Explanation: A = P(1 + rt)
A= 15,000(1+0.05*12)
A= 15,000(1.6)
A= 24,000
Q5. Answer is C
Explanation: FV= PV(1+r)n
FV= 5000(1+0.06)15
FV=5000(2.396558193)
FV=11,982.79
FV=11,982.79(1+0.1)30
FV=11,982.79(17.44940226888)
FV=209,092.54
Explanation: FV= PV(1+r)n
FV= 5000(1+0.1)15
FV=5000(4.1772481694)
FV=20,886.24
FV=20,886.24(1+0.06)30
FV=20,886.24(5.7434911729)
FV=119,959.94
Q6. Answer is A
Explanation: Interest on interest $2,481.25
Q7. Answer is A
Explanation: FV= PV(1+r)n
25,000=PV(1+0.065)6
25,000=PV(1.4591422165))
PV=25,000/1.4591422165
PV=17,133.35
I'd assume loans or credit debt.