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3 years ago

6

An asset costing $50,000.00 with a residual value of $5,000.00 has an estimated useful life of 5 years. Using the declining-bala

nce method at twice the straight-line rate the depreciation for the second year is
$20,000.00.

$10,800.00.

$12,000.00.

$18,000.00.

1 answer:

Finger [1]3 years ago

4 0

I think 10,800.000 hope this helps

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When is a goodwill impairment loss recognized? a. Annually on a systematic and rational basis. b. Never When both the fair value

gulaghasi [49]

Answer:

The correct answer is letter "C": When both the fair value of a reporting unit and its associated implied goodwill fall below their respective carrying values.

Explanation:

Impairment Loss is the decrease in an asset's net carrying value that exceeds the future undisclosed cash flow it should generate. The net carrying value is an asset's acquisition cost minus depreciation. Impairment occurs when a company sells or abandons an asset that is no longer beneficial.

Thus, <em>a goodwill impairment loss is recognized when the goodwill's net carrying value is below its fair value and the expected cash flow it was to generate.</em>

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3 years ago

Which of the following is an example of an agency relationship?

zysi [14]

The answer is : d: A client that ends a transaction with one business to start another

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3 years ago

Read 2 more answers

The following costs were incurred in May:

algol13

Answer:

d. $55,600

Explanation:

Direct Labor = $34,000

Manufacturing Overhead Cost = $21,600

Conversion Cost = Direct Labor + Manufacturing Overhead Cost

Conversion Cost = $34,000 + $21,600

Conversion Cost = $55,600

So, the conversion costs during the month totaled $55,600.

3 0

3 years ago

Cost, revenue, and profit are in dollars and x is the number of units. Suppose that the marginal revenue for a product is MR = 1

n200080 [17]

Answer:

Profit 6,130

Explanation:

MC = 30X + 4

when X=5

Cost to produce 5 units:

We will need to calcualte the MC for 1, 2 , 3, 4 and 5 units and then add them together

MC = 30(5) + 4 = 150 + 4 = 154

MC = 30(4) + 4 = 150 + 4 = 124

MC = 30(3) + 4 = 150 + 4 = 94

MC = 30(2) + 4 = 150 + 4 = 64

MC = 30(1) + 4 = 150 + 4 = 34

Total 470

Giving this, now anther way, more easy would be to use the Gauss method to a summatory:

$S=\frac{n\times(n+1)}{2}$

S to 5 from 1 of (30x+4) =

$30 \times \frac{5\times6}{2} +4 \times 5$

S = 470

Now we can continue:

Total Marginal cost 470 + Fixed Cost: 900 = 1370

MR = 1500 revenue for adding 1 unit

1500 x 5 = 7500 total revenue

total revenue - total cost = profit

7500 - 1370 = 6,130

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2 years ago

Vijay Inc. purchased a 3-acre tract of land for a building site for $420,000. On the land was a building with an appraised value

PtichkaEL [24]

Answer:

$433,900

Explanation:

The computation of the capitalized cost of the land is shown below:-

Capitalized cost of the land = Purchase price + Demolition of building + Title insurance + Attorney fee + Property taxes covered during the period - Scrap value from the building

= $420,000 + $12,000 + $900 + ($3,000 - $500) - $1,500

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= $435,400 - $1,500

= $433,900

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2 years ago