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exis [7]
3 years ago
15

On june 30, 2016, colora printers purchaed a printer for 69,000. it expects the printer to last for four years and have a residu

al value of 10,000. compute the depreciation expense on the printer for the year ended december 31, 2016, using the straight line method.
Business
1 answer:
krok68 [10]3 years ago
3 0

Answer:

The depreciation expense on the printer for the year ended december 31, 2016 was $7,375

Explanation:

Colora Printers uses the straight-line method of depreciation, Depreciation Expense each year is calculated by following formula:  

Annual Depreciation Expense = (Cost of the printer − Residual Value)/Useful Life  = ($69,000 - $10,000)/4 = $59,000/4 = $14,750

In 2016, the printer was used from June 30 to December 31 (6 months - half-year).

Depreciation Expense for 2016 = ($14,750/12) x 6 = $7,375

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As discussed in the lecture video, Crocs’ plastic molding and sandal design capabilities have provided the firm with only a temp
Gnoma [55]

Answer: c. competitor imitation

Explanation:

When a company makes a good product that people like and therefore brings in profit, other companies will copy that product if it is not protected by law so that they too can make profit as well.

This is what happened to the Crocs' clogs. Other companies imitated them and so Crocs lost their competitive advantage. This led to prices falling for such footwear as the supply increased. It is for this reason that companies try to get patents when they make a product.

8 0
3 years ago
Technological advances such as long-range missiles mean that countries can to inflict harm on each other from great distances. r
Natasha2012 [34]
The correct option is "more     milgram"

Milgram's experiments showed that people are willing to cause harm to people (when ordered to do so) that they don't directly see, if they use techonology to cause this harm. We could explain this by saying that there is a certain sense of not directly causing harm then. In his experiment, when ordered, they did not hesitate to apply electric shocks to people in another room.

By extension, long-range missiles could make it easier for people to fire, since the victims would also not be visible, but rather far away

6 0
3 years ago
Assume that on 1/1/xx, a parent company acquired 90% interest in a subsidiary. The total fair value of the controlling and nonco
mrs_skeptik [129]

Answer:

balance sheet

investment on subsidiary X

investment on subsidiary above value- PPE 136,800

investment on subsidiary above value- Patent 64.800

investment on subsidiary above value- Consumer list 32,400

investment on subsidiary - goodwill                              180,000

Explanation:

We will multiply the 480,000 difference between bok value and fair value by the 90% share of the parent company. Then, we divide by the useful life to know the amortization.

<em>PPE  160,000 x 90% = </em>$ 144,000

20 years useful life

 amortization 7,200

<em>PATENT 80,000 X 90% = $  72,000</em>

10 years useful life

amortization 7,200

<em>CONSUMER LIST 40,000 x 90% = $  36,000</em>

10 years useful life

amortization 3,600

these will be the amrtzation during the year and decreasing the amounts of the value above book value.

6 0
3 years ago
On December​ 31, Year​ 10, Brown Company changed its inventory valuation method from the​ weighted-average method to FIFO for fi
Butoxors [25]

Answer: Overstatement of profit by $8000

Explanation:

The change in an accounting method of valuing stock which results in decrease in the value of stock will increase the profit when compared to the period before the method that decrease the stock was used. To effect the change a debit charge will be made to the retained earnings and a credit charge to the stock account to reduce the value.

6 0
3 years ago
In producing a budget constraint line for combinations of staples and paper clips, which are sold by the box, a student labels t
kumpel [21]

Answer:

Boxes of staples (maximum) that can be purchased by available income are 5.

Maximum boxes of paper clips that can be purchased by available income are 10.

Explanation:

Budget Line is the graphical representation of product combinations, that consumer can purchase with prices & income (spending all income).

It is downward sloping - as given same income & price levels, one good's consumption can be increased by reducing consumption of other good.

The intercept of downward sloping budget line is the maximum amount of that axis good which that consumer can consume with given income, price.

That maximum amount of purchasable good is Income/price of that good. Eg: Income = 100, Price of Good 1 on X axis = 10, Price of Good 2 on Y axis = 5. So :

  • Maximum amount of good 1 purchasable = 100/10 = 10. It is on X axis, x axis intercept is (10,0) ; and
  • Maximum amount of good 2 purchasable =  100/5 = 20. It is on Y axis, y axis intercept is (0,5)

Good 1 & Good 2 are analogous to Staples & Paper Clips respectively.

5 0
3 years ago
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