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
nexus9112 [7]
3 years ago
8

Maertge airlines purchases an aircraft for $84,000,000 on january 1, 2016. the residual value of the aircraft is estimated at $7

,500,000, and its useful life is estimated at 25 years. applying the double-declining-balance method of depreciation, the depreciation expense recognized for the year ended december 31, 2018 will be __________.​
Business
1 answer:
Olenka [21]3 years ago
3 0
The working equation for double declining method is:

Depreciation = (Cost - Accumulated Depreciation)×2/Useful life

So, the solution would be:

Year 2016
Depreciation = ($84,000,000  - 0)×2/25 = $6,720,000
Year 2017
Depreciation = ($84,000,000  - $6,720,000)×2/25 = $6,182,400
Year 2018
Depreciation = ($84,000,000  - $6,182,400)×2/25 = $6,225,408
You might be interested in
Robinson Manufacturing found the following information in its accounting records: $523,000 of direct materials used, $215,000 of
cupoosta [38]

Answer:

Company’s Cost of Goods Manufactured = $1,506,500

Explanation:

Use following formula to calculate cost of goods manufactured

Cost of Goods Manufacture = Direct Material cost + Direct labor cost + Manufacturing overhead + Work in process beginning balance - Work in process Ending balance

Cost of Goods Manufacture = $523,000 + $215,000 + $774,500 + $78,000 - $84,000

Cost of Goods Manufacture = $1,506,500

3 0
3 years ago
Select all of the purposes workplace technology can serve, as stated in the segment.
vekshin1

Answer:

Explanation:

B because why not

7 0
3 years ago
The only expenses that can be reduced in order to produce more savings are ""Non-essential Expenses"" and ""Essential (Variable)
Y_Kistochka [10]

Answer:

The statement is false

Explanation:

Non- essential expense is the expense which is spent on the extra things, which means it is not essential to meet the needs. Whereas the essential expense are those expenses which are spend on consuming the things required for living. For example food, cloth.

So, both the expenses are those expense which are necessary for an individual or person and therefore, cannot be reduced in order to produce the more savings.

8 0
3 years ago
Read 2 more answers
The accompanying graphs depict the market for bags of potato chips, which is currently at an equilibrium price of $1.67 per bag
Sergeeva-Olga [200]

Answer:

Equilibrium is the point of the interaction between the demand and supply curves.

The given graph given from the question is attached below (Image 1-2)

The solution is attached in image 3-4

6 0
3 years ago
All of the following factors should be assessed to determine an organization’s ability to perform projects EXCEPT: ​ a. Do we mo
wolverine [178]

Answer:

C.

Explanation:

Do teams and individuals follow instructions well?

All the projects in an organization are based in team work, and need to be thinking as a team that reacts to a external environment.  So, this exclude answers A, B and D.

4 0
3 years ago
Read 2 more answers
Other questions:
  • Should color and design be used in emails
    12·2 answers
  • Whose responsibility is it to identify credit report errors?
    13·1 answer
  • Staple goods and impulse goods are examples of which type of consumer good?
    10·2 answers
  • What is quantity control?
    6·1 answer
  • On January 1, Year 1, the Accounts Receivable balance was $20,100 and the balance in the Allowance for Doubtful Accounts was $1,
    12·1 answer
  • If aggregate expenditures increase by $14 billion and equilibrium GDP consequently increases by $70 billion, then the marginal p
    10·1 answer
  • Who wants me to follow them and give them points
    12·1 answer
  • Which of the following would appear in the Debits column of a bank statement for a checking account?
    8·1 answer
  • Which of the following will cause an increase in Supply for the Short-Run Macroeconomic model?
    14·1 answer
  • You are the manager of a retail store. Shipments of the products you sell arrive once a week from the central warehouse and you
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!