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
vlada-n [284]
3 years ago
7

On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $284,000. The machine is expected to last five years and have a

salvage value of $42,000. Compute depreciation expense for both years ending December 2016 and 2017 assuming the company uses the double-declining-balance method.
Business
1 answer:
harkovskaia [24]3 years ago
3 0

Answer:198,800usd by the end of 2016

119,280usd by the end of 2017

Explanation: 2016 9 months depreciation percent 30%. Then 284,000*30%=85,200usd.

2017 12 months depreciation rate 40%. Then 198800*40%=79520.

198800-79520=119280

You might be interested in
The application of multiple regression analysis to a data set yields an F statistic that is highly significant and t ratios that
dolphi86 [110]

Answer:

(B) multicollinearity is present.

Explanation:

Multicollinearity -

It is the process where , one of the predictor variable in the multiple regression model can be linearly predicted from the others with  the substantial degree of accuracy , is known as multicollinearity or  collinearity .

<u>In this case , the coefficient estimated of the multiple regression can change erratically for even a small change in the model .</u>

hence , from the question , the indication is of (B) multicollinearity is present .

6 0
3 years ago
Pierre, a cash basis, unmarried taxpayer, had $2,180 of state income tax withheld during
ella [17]
I would say 2189 as tax refunds ps the question is unfull
7 0
3 years ago
Turkey Corp., a cash basis calendar year C corporation in Savannah, Georgia, has $100,000 of accounts receivable on the date of
Viefleur [7K]

Answer:

The correct answer is $24,500.

Explanation:

According to the scenario, the given data are as follows:

Total Account receivable = $100,000

Amount collected = $70,000

So, if there is sufficient taxable income, then assume tax rate to be 35%.

So, we can calculate the Gains tax by using following formula:

Gain tax = Amount collected × Tax rate

By putting the value, we get

Gain tax = $70,000 × 35%

= $24,500.

5 0
3 years ago
A vendor allows a 2% discount if an invoice is paid within 10 days. a purchase was made for $5,000 on june 10 and paid on june 1
Kamila [148]
An invoice is a document given from the seller to the buyer stating the quantity of products bought, agreed prices and transactions made between the two parties. If the buyer bought the product in June 10 and decides to pay on the 19th, only 9 days have passed since the date of purchase. This is inclusive of the agreement written that 2% discount is given if paid not more than 10 days. Therefore, the check should be

($5,000)(1-.0.02) = $4900
8 0
3 years ago
surfshack corp. buys surfboards, wetsuits, and surf wax from rip to shreds, inc. for sale to consumers. what type of company is
viva [34]

Buys surfboards, wetsuits, and surf wax from rip to shreds, inc. for sale to consumers. The type of company is surf shack corp is a retail merchandiser.

Merchandising is any practice that contributes to the sale of products to retail consumers. At the retail level, merchandising refers to the presentation of products that are sold in creative ways that induce customers to purchase more items or products.

Retail store clerks are responsible for ensuring that appropriate quantities of merchandise are available in stores and sold at appropriate prices. Clever planning, careful purchases, and smart advertising campaigns can increase your profits.

Merchandisers keep merchandise on retail shelves and present it appropriately to customers. They also track inventory levels, report problems and shortages to management, and clean up unwanted items for blatant violations of store decor.

Learn more about retail merchandiser brainly.com/question/7145120

#SPJ4

6 0
1 year ago
Other questions:
  • Arden Company reported the following costs and expenses for the most recent month: Direct materials $ 79,000 Direct labor $ 41,0
    7·1 answer
  • John's friend just gave him a pair of concert tickets to see his favorite rock group perform this weekend. Each ticket sells for
    5·1 answer
  • Match the specifications to the type of creditors.
    10·1 answer
  • Who is responsible for leading the Federal Government's response efforts to ensure that the necessary coordinating structures, l
    15·2 answers
  • What is meant by "tax allocation within a period"? What is the justification for such practices?
    13·1 answer
  • Joe walks into Best Buy prepared to spend no more than $500 cash on a new computer, but the price turns out to be $600. Joe is t
    5·1 answer
  • Trade-offs between the characteristics that make information useful may be necessary or beneficial. Issuance of interim financia
    9·1 answer
  • PRODUCT MIX DECISION, SINGLE CONSTRAINT
    11·1 answer
  • An investment has an initial cost of $2.7 million and net income of $189,400, $178,600, and $172,500 for Years 1 to 3. The avera
    5·1 answer
  • Operations management is the set of activities that creates value in the form of goods and services by transforming true or fals
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!