1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
densk [106]
3 years ago
8

a machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours. WHa

t is the amount of depreciation for the second full year, using the double declining balance method?
Business
1 answer:
Anna35 [415]3 years ago
6 0

Answer:

$18,750

Explanation:

The computation of the depreciation expense using the double-declining balance method is shown below:

First, we have to find the depreciation rate which is shown below:

= One ÷ useful life

= 1 ÷ 4

= 25%

Now the rate is double So, 50%

In year 1, the original cost is $75,000, so the depreciation is $37,500 after applying the 50% depreciation rate

And, in year 2, the $75,000 - $37,500 = $37,500

= $37,500 × 50% = $18,750

You might be interested in
Suppose you inherit an apartment building from your uncle. You anticipate making some income from the rent on
alexira [117]

Answer:

Would you cut back on making repairs and keeping the building in a safe and

livable condition?

No, I would maintain the building as good as posible.

How might you keep the building in good shape and still turn a profit?

the value of the building will increase over time. Then, is a matter of patience to make a profit out of the sell of it.

Is it possible to manage  the building or change it to make it both livable and profitable?

yes, What usually happens with rent control properties is that the landlords use the building for commercial or create condos use to avoid the law.

5 0
4 years ago
If a customer credit score is within 2 points of the minimum of what the business will accept, should the business extend credit
Eduardwww [97]

Answer:

Explanation:

I wouldn't.

The business has drawn a rigid line in the sand. It has to maintain its standard. I might try and make a deal with the customer. "Come up with x% for a down payment."

If the score is high (like over 750), I would likely stretch my standard. 750 is a pretty high score and if you have that kind of a number, you know how to pay things back.

5 0
3 years ago
Need help!
Romashka [77]

Answer:

1. Journal entries are quicker and more comfortable in the manual accounting

2. Posting is easier in computer software-based accounting

3. Trial balance adjustment in manual accounting is tricky. However, a lengthy process may pose a challenge for computerized accounting.

4. Financial statements are more straightforward in software-based accounting than manual accounting

Explanation:

The introduction of accounting software such as QuickBooks has transformed the working for accounting professionals. The conventional accounting system replacement has made the job more comfortable. However, there are new challenges added, such as learning the software, making error-free inputs, and pace of computer-related entries. However, considering that once these skills are learned, the overall job is easier than before.

1. Journal entries in manual are made quicker, and errors can be rectified. However, entries are linked automatically to their respective ledgers that solve the challenges with compound entries

2. Posting is simpler in software as the general ledger is created on a single click. Manual posting requires time and efforts

3. Adjusted entries need to manual input in conventional method to create the adjusted trial balance whereas, in software, its added through adjusting journal entries.

4. Financial statements are much more straightforward in software as they are available on one click, whereas in manual accounting, they are required to be calculated.

4 0
3 years ago
You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 4.6 percent indefinitely
MAXImum [283]

price per share of the company's stock is $53.28

Explanation:

Under dividend growth model a stock is overvalued or undervalued assuming that the firm’s expected dividends grow at a value g forever, which is subtracted from the required rate of return or k.

Therefore, the stable dividend growth model formula calculates the fair value of the stock as P =D1 / ( k – g ).

P= price per share

D1 = current dividend

k = required return

g = growth rate

P= $3.41 ÷ (11 %  - 4.6% ) =( 3.41 ÷ 0.064 )=  $53.28

P= $3.41 ÷ (0.11  - 0.046 ) =( 3.41 ÷ 0.064 )=  $53.28

6 0
4 years ago
Which of the following is an example of a service?
S_A_V [24]

Answer:

doctor visit

Explanation:

it is a service cuz ot is something that is being bought in exchange for an event?

5 0
3 years ago
Read 2 more answers
Other questions:
  • Durham offers to sell his pick-up truck to estelle for $1,500. estelle agrees. they complete and sign a printed form titled "con
    13·1 answer
  • Jamal (now age 54) lost his job. he has very specialized skills that are no longer in demand. jamal's unemployment is best class
    12·1 answer
  • Michone lost her job and ended up deep in debt after she was arrested for causing a car accident while she was drinking and driv
    8·1 answer
  • Participation in sport keeps youths off the street and out of trouble. This is central to which explanation of the relationship
    11·1 answer
  • You would like to buy shares of Sirius Satellite Radio (SIRI). The current ask and bid quotes are $4.30 and $4.27, respectively.
    12·1 answer
  • Tyrell Co. entered into the following transactions involving short-term liabilities in 2016 and 2017. 2016 Apr. 20 Purchased $38
    8·1 answer
  • Can identity theft occur through legitimate access to your personal information? Explain.
    11·1 answer
  • Your friend, Caitlyn, does not think it is important to review her monthly credit card statement. Instead, she just sets up an a
    11·1 answer
  • What G-ocentric model would you understand and predict a limited portion of an employee performance
    12·2 answers
  • There are many buyers and sellers in the market for trumpets.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!