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slava [35]
3 years ago
14

Carney Construction purchased a truck for $55,000 on January 1, 2015. The truck had an estimated useful life of 5 years and an e

stimated residual value of $5,000. Using the double-declining balance method, what amount of depreciation would be recorded in 2016?
Business
1 answer:
ddd [48]3 years ago
7 0

Answer:

The amount of depreciation would be recorded in 2016 was $12,000

Explanation:

Under the straight-line method, useful life is 5 years, so the asset's annual depreciation will be 20% of the Depreciable cost.

Depreciable cost = Total cost of the equipment - Residual value =  $55,000 - $5,000 = $50,000

Under the double-declining-balance method the 20% straight line rate is doubled to 40% - multiplied times the Depreciable cost's book value at the beginning of the year.

Depreciation expense for 2015 = 40% x $50,000 = $20,000

At the beginning 2016, the Depreciable cost's book value is $50,000-$20,000 = $30,000

Depreciation expense for 2016 = 40% x $30,000 = $12,000

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<span>The formula for determining the marginal revenue product of labor is marginal physical product (expressed in units) times the price per unit. Therefore, the marginal revenue product of labor of Lupita's farm is $20.</span>
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3 years ago
The upward-sloping portion of the long-run average cost curve is a result of:.
iogann1982 [59]

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average cost is increasing

Explanation:

7 0
2 years ago
In order to produce 100 pairs of oven gloves, Marcia incurs an average total cost of $2.50 per pair. Marcia’s marginal cost is c
anygoal [31]

Answer:

option (d) $200.00

Explanation:

Average total cost for 100 pairs = $2.50

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Now,

Total cost = Fixed cost + Variable cost

or

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or

Fixed cost = (Average total cost × 100) - (Marginal cost × 100)

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thus,

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Hence,

option (d) $200.00

6 0
3 years ago
What mechanism will you putin place if your new hire is under performing, e.G, on -line job trainingg
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5 0
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Which of the following statement is not true about the Project stakeholders?
xxMikexx [17]

I think d is the answer

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