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seropon [69]
3 years ago
12

Don's Copy Shop bought equipment for $450,000 on January 1, 2017. Don estimated the useful life to be 3 years with no salvage va

lue, and the straight-line method of depreciation will be used. On January 1, 2018, Don decides that the business will use the equipment for a total of 5 years. What is the revised depreciation expense for 2018? a. $150,000 b. $ 60,000 c. $ 75,000 d. $112,500
Business
1 answer:
FromTheMoon [43]3 years ago
4 0

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Don's Copy Shop bought equipment for $450,000 on January 1, 2017. Don estimated the useful life to be 3 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2018, Don decides that the business will use the equipment for a total of 5 years.

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (450,000/3)= 150,000

Accumulated depreciation= 150,000

New depreciation= 300,000/4= $75,000

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mestny [16]

Answer:

The term has two distinct meanings–one is statistical; the other is a comprehensive quality system.

Explanation:

Here, the point fact states that it will take a six standard deviation from the mean for an error to happen.

Six Sigma evolved to define numerous ideas within the business sphere and is sometimes confusing. Firstly, it's a statistical benchmark. Any business process, which produces less than 3.4 defects per 1 million chances is said to be efficient. A defect is anything produced outside of consumer satisfaction. Second, it is a training and certification program, which teaches the core principles of Six Sigma. Practitioners may achieve the Six Sigma certification belt levels, ranging from white belt to black belt. Finally, it's a philosophy, which promotes the idea that all business processes can be measured and optimized.

5 0
3 years ago
The petty cash fund of $200 for Tomkins Company appeared as follows on December 31, 2014
Ilya [14]

Answer:

Explanation:

1.

Petty Cash (200-50.6)  Dr.$149.4

Cash            Cr.$149.4

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2. Petty Cash  Dr.$50

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3 years ago
Caplico Company has prepared the following sales budget:
hichkok12 [17]

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Explanation:

7 0
4 years ago
Read 2 more answers
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mash [69]

Answer: 0.68

Explanation:

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3 years ago
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