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ehidna [41]
3 years ago
5

If a company adds 60 new workstations at a cost of $100,000 each and also spends $20 million for addition in its camera/drone as

sembly facilities to accommodate more workstations, then its annual depreciation costs rise by:
A. $26,000,000
B. $1,300,000
C. $1,040,000
D. $980,000
E. $1,750,000
Business
1 answer:
vredina [299]3 years ago
5 0

Answer:

$1,300,000

Explanation:

Given:

Number of workstation = 60

Cost of each workstation = $100,000

Additional Cost = 20,000,000

Computation of total cost:

= Total work station cost + Additional cost

= ($100,000 x 60) + $20,000,000

= $6,000,000 + $20,000,000

= $26,000,000

Assume Depreciation rate = 5%

Deprecation = Total Cost x Depreciation rate

= $26,000,000 x 5%

= $1,300,000

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timama [110]

BeFriends Corporation uses the trademark of Community Life Inc.  a social media site, as a meta tag without Community Life’s permission. This may be permissible​ (a) if the appropriating site has nothing to do with the meta tag.

<u>Explanation:</u>

The using of the Meta Tag is Permissible because the trade mark name is being used for a different product or service and it does not involve any kind of  trade mark infringement.

4 0
4 years ago
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Abbie Marson is the sole owner and operator of Great Plains Company. As of the end of its accounting period, December 31, Year 1
Nataliya [291]

Answer:

The net income for Year 2 is $ 114,482

Explanation:

Accounting Equation is used in order to calculate the closing capital figure of Year 1 and Year 2:

Assets=Liabilities + Equity.

we can rearrange the formula as Assets-Liabilities = Equity

  • So in Year 1. the closing capital is: $910,049-$274,794 = $635,255.
  • In Year 2. the closing capital is : $988,160-$234,792 = $ 753,368

Now we can construct an equation to drive net income of year to by means of balancing figure:

Opening capital year 1:            $635,255

+ Additional Capital in Year 2: $28,651

-Drawing in year 2:                   $(25,020)

Net Income(Balancing figure)   <u>$114,482</u>              

Closing Capital Year 2:            $ 753,368              

7 0
3 years ago
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What future IT capability needs (both physical and human) could the organisation have with respect to document design and produc
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Answer:

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Explanation:

8 0
4 years ago
If brazil gives up 3 automobiles for each ton of coffee it produces, while peru gives up 7 automobiles for each ton of coffee it
tatyana61 [14]

If brazil gives up 3 automobiles for each ton of coffee it produces, while peru gives up 7 automobiles for each ton of coffee it produces, then Brazil should focus on producing coffee because it has a competitive edge in this area.

What does Brazil have a comparative advantage in?

  • Brazil is rich in minerals, especially iron ore, but it also has oil and other basic materials. Although technically speaking they are economic rents rather than comparative advantages, they nonetheless exist and the majority of other nations do not.
  • In terms of actual comparative advantage, it is the low-cost producer of a number of agricultural items, most notably sugar, where Brazil is unquestionably the global heavyweight, but also soy, cotton, coffee, and other crops, as well as beef, poultry, and other protein.
  • Brazil's issue is not its producing side. In general, they are effective producers. It relates to infrastructure. Usually, the top three producers of most commodities are the US and Brazil.

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3 0
2 years ago
Nick and Katelyn paid $1,600 and $2,100 in qualifying expenses for their two daughters, Nicole and Naomi, respectively, to atten
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Answer: $0

Explanation:

From the question, we are informed that Nick and Katelyn paid $1,600 and $2,100 in qualifying expenses for their two daughters, Nicole and Naomi, respectively, to attend the University of Nevada and that Nicole is a sophomore and Naomi is a freshman.

We are further told that Nick and Katelyn's AGI is $202,000. Based on the above scenario, their allowable American opportunity tax credit will be $0. This is because when AGI is more than $180,000 for such taxpayers, the credit is being phased out.

5 0
3 years ago
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