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Marianna [84]
3 years ago
13

A company purchased a computer system at a cost of $34,000. The estimated useful life is 8 years, and the estimated residual val

ue is $9,000. Assuming the company uses the double-declining-balance method, what is the depreciation expense for the second year
Business
1 answer:
Iteru [2.4K]3 years ago
3 0

Answer:

Year 2= $4,687.5

Explanation:

Giving the following information:

Purchase price= $34,000

Useful life= 8 years

Salvage value= $9,000

<u>To calculate the depreciation expense under the double-declining-balance, we need to use the following formula:</u>

<u></u>

Annual depreciation= 2*[(book value)/estimated life (years)]

Year 1= [(34,000 - 9,000)/8]*2= $6,250

Year 2= [(25,000 - 6,250)/8]*2= $4,687.5

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In a high outcome interpendence scenario Nick will be forced to improve on the performance of Wyatt in order to meet team objectives.

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GI Designs, a copper furniture manufacturer, increased the price on its copper tabletops by 20 percent for three months to see w
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The correct answer is letter "C": independent variable.

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In the case, <em>the dependent variable is the change in sales at GO designs while the independent variable is the price increase.</em>

3 0
2 years ago
What are the primary assets of credit unions​?
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Answer:

The correct answer is B.

Explanation:

Savings and credit cooperatives or, simply, credit cooperatives are cooperative societies whose corporate purpose is to serve the financial needs of their members and third parties through the exercise of the activities of credit institutions.

Savings and credit cooperatives are also known for their acronym in English, SACCO: Savings and Credit Cooperative.

These cooperatives are usually local and seem to be more suited to rural areas. Above all they have access to external funds and they are properly managed. And although there is a World Council of Credit Unions (WOCCU) there are few local or rural cooperatives associated with it.

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The Baldwin's workforce complement will grow by 10% (rounded to the nearest person) next year. Ignoring downsizing from automati
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