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
Kitty [74]
3 years ago
9

On January 1, year 1, a company purchased equipment for $100 million. The equipment consists of four major components, of which

two components comprise 80% of the total cost and each has a 20-year useful life. The remaining two components have costs of $10 million each; one of them has a useful life of four years, and the other has a useful life of five years. The company applies the cost model to the equipment and uses the straight-line method of depreciation. Under IFRS, what is the depreciation expense for the year ended December 31, year 1?
Business
1 answer:
lora16 [44]3 years ago
7 0

Answer:

$8.5 million

Explanation:

On January 1, year 1, a company purchased equipment for $100 million.

The equipment consists of four major components, of which two components comprise 80% of the total cost and each has a 20-year useful life.

The remaining two components have costs of $10 million each; one of them has a useful life of four years, and the other has a useful life of five years.

Straight-line method of depreciation is given by the formula: Cost / Number of years

COMPONENT         1      2      3      4

COST                   40M  40M 10M 10M

YEARS                   20     20     4      5

DEPRECIATION   2M    2M  2.5M   2M

Therefore Total depreciation cost for year 1 = 2+2+2.5+2 = $8.5 million

You might be interested in
If a beneficiary is enrolled in a ma-only hmo and they also sign up for a pdp plan, they will be automatically dropped from thei
sveticcg [70]

It is True that if a beneficiary is enrolled in a Medicare Advantage plan and they also sign up for a pdp plan, they will be automatically dropped from their Medicare Advantage (ma) plan.

<h3>Medicare Advantage (MA)</h3>

A Medicare Advantage plan is a type of health plan proposed by a private company that leases with Medicare to provide you with all your Medicare Parts A and B benefits. MA plans contain health maintenance organizations, selected provider organizations, personal fee-for-service plans, and Special Needs Plans.

<h3>Medicare Advantage Plans</h3>
  • Health Maintenance Organization (HMO) Plans.
  • Preferred Provider Organization (PPO) Plans.
  • Private Fee-for-Service (PFFS) Plans.
  • Special Needs Plans (SNPs)

Original Medicare contains Medicare Part A (Hospital Insurance) and Part B (Medical Insurance). You can bind a separate Medicare medicine plan to get Medicare medication coverage (Part D).

To learn more about the Medicare Advantage visit the link

brainly.com/question/21464144

#SPJ4

6 0
2 years ago
Horace is trying to start a business. He knows several accredited investors who he knows will help him jumpstart his business. W
Nata [24]

Answer:

Investors may invest a combined $50 million within a 12-month period.

Explanation:

According to the section, there are two pricing rates in Regulation A In the 1st Tier, for offering upto $20 million over a 12-month span and another 2nd Tier, for offerings upto $50 million over a 12-month period.

Therefore, as per the given situation the right answer is Investors are permitted to invest a combined $50 million over a 12-month period.

6 0
4 years ago
discuss how Continuous Improvement is impacting healthcare, banking, retail and/or government (choose one area). Merger of Lean
kozerog [31]

Answer:

Explanation:

<u>How Continuous Improvement is impacting Healthcare</u>

1. There is now a greater availability of consultancy services

2. Community health awareness programs are instilling health consciousness and care in members of remote communities

3. The presence of NGOs (Non-governmental Organizations) and NPOs (Non-profit Organizations) is increasing the availability of free medicines, equipment and healthcare infrastructure in low-income countries or states

4. Technological revolution has affected the health sector as well. Medical services and interactions between patients and doctors, has gone digital. Software applications were doctors and patients can meet, are now in vogue. This has reduced the stress, costs and risks involved in migrating from one place to another to deliver or receive healthcare. It also helps proffer immediate (temporary or permanent) solutions to emergency cases.

5. Apart from making good use of technology and philanthropy, regular scientific research impacts healthcare positively; by serving better ways to treat certain ailments and searching out the cures to new ailments or pandemics.

4 0
3 years ago
Bubbles Inc. produces gummy bears. The company purchases raw materials, stores them in warehouse, and then runs them through two
rusak2 [61]

Answer:

D. $65,000

Explanation:

Data provided

Direct labor = $56,500

Manufacturing overhead = $8,500

The computation of Conversion costs is shown below:-

Conversion costs = Direct labor + Manufacturing overhead

= $56,500 + $8,500

= $65,000

Therefore for computing the conversion cost we simply add the direct labor with manufacturing overhead.

8 0
3 years ago
The research department for your company needs to carry out a web conference with a third party. The manager of the research dep
Leya [2.2K]

Answer:

The answer is A, SSL

Explanation:

SSL which is the abbreviation for Secure Sockets Layer, is an encryption-based web security protocol. It is majorly used  to ensuring web space privacy, authentication and also achieve data integrity in Internet communications.

6 0
3 years ago
Other questions:
  • . How does the deforestation of rain forests impact global markets?. . . Global markets dictate the economy of developing countr
    9·2 answers
  • I need help with this
    14·1 answer
  • Ginormous Oil entered into an agreement to purchase all of the outstanding shares of Slick Company for $60 per share. The number
    8·1 answer
  • Clara is an advertising director who has been tasked with optimizing her company's Google Search campaign. How can Clara use the
    13·1 answer
  • In which of the following situations is having a good credit score important
    15·1 answer
  • Which of the following is an example of "satisficing"? Group of answer choices A marketing researcher using the same format as h
    15·1 answer
  • Both the seller’s and buyer’s opening escrow packages have some of the same documents. Which document in the opening package is
    7·1 answer
  • Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 3.7 pound
    12·1 answer
  • It takes the Kwinzee shipyard six months (1 month = 4 weeks) with 500 workers to build a small tanker. Material costs are $32 mi
    5·1 answer
  • A firm has a debt-to-equity ratio of 0.50 and debt equal to $35 million. The firm acquires new equipment with a 3-year operating
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!