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
Bess [88]
3 years ago
15

B Company switched from the sum-of-the-years-digits depreciation method to straight-line depreciation in 2018. The change affect

s machinery purchased at the beginning of 2016 at a cost of $83,700. The machinery has an estimated life of five years and an estimated residual value of $4,185. What is B's 2018 depreciation expense?
a. $15,903
b. $21.204.
c. $22.320
d. $10,602.
Business
1 answer:
ad-work [718]3 years ago
6 0

Answer:

correct option is d. $10,602.

Explanation:

given data

beginning of 2016  cost = $83,700

time period = 5 year

estimated residual value = $4,185

solution

we use here  sum of years digit that will be

sum of years = 5+4+3+2+1

sum of years = 15

so here

Year  2016

Depreciation = $83,700 - $4,185

base remaining   = $79515

Life  = 5

depreciation before change of accounting  = \frac{5}{15} \times 79515  

depreciation before change of accounting  = $26505

and

Year  2017

Depreciation = $83,700 - $4,185

base remaining   = $79515

Life  = 4

depreciation before change of accounting  = \frac{4}{15} \times 79515  

depreciation before change of accounting  = $21204

so here total depreciation before change of accounting policy is

total depreciation =  $26505 + $21204

total depreciation =  $47709

and

so Net value of asset at start of 2018 = $79515 - $47709

Net value of asset at start of 2018  = $31806

and

Straight line depreciation for 2018 = $31806 ÷ 3

Straight line depreciation for 2018 = $10602

so correct option is d. $10,602.

You might be interested in
g How would you define the role of human resources in your organization? How does it compare with the information in this week's
emmasim [6.3K]

Answer:

Hello, you didn't attach the readings referenced in the question, so I'd give you a robust response that would speak to any scenario.

A) The role of Human Resources in my organization is very crucial to the attainment of that company's organizational objectives.

Here's why.

Business goals and strategies, no matter how excellently designed, cannot execute themselves. Human capital is required to drive them. Even in the age of Artificial Intelligence, there is a need to provide such a system with the type and quantity of data that it requires to deliver at the level required of it.

Human Resource executives are people who are disciplined by virtue of rigorous processes to identify and resolve problems associated with having Human Capital.

These include but are not limited to

  • Recruitment
  • Learning and Development
  • Compensation and Benefits
  • Compliance with Labour Law
  • Analytics and Metrics based Performance Management
  • Insurance/Assurance
  • Employer Brand Management
  • HR Planning

Getting it wrong with any of the above could prove detrimental to the health of any organization regardless of how excellent the products or services are.

Recruitment for instance has to do with attracting the right person for the right role at the right time and at the right cost to the company.  If the wrong person was hired, it always comes with a lot of cost such as:

  • Cost of replacement
  • Time lost
  • Cost in some cases related to reputation management
  • Cost of training the new employee
  • Energy expended in managing employee morale etc
  • The wrong person can in extreme cases cripple an organization by either intentionally or inadvertently exposing it to huge liabilities

B) The role of the HR personnel is increasingly becoming advanced and integrated into other business areas such as Insurance and Assurance. HR personnel are now required to understand Life Insurance Products as well as how the Health Management System works.

Labor Law is another critical aspect of the HR process. Labour law itself is evolving as the world increasingly becomes smaller via the use of technology. Remote jobs mean that companies can now leverage technology to employ someone from a different time zone, a different set of Labour laws, and different cultures because it makes economic sense to do so. The HR must now come to grasp the new understanding that it takes to ensure that the Human Capital remains optimized, in the face of these rapid changes.

In addition, Artificial Intelligence is changing the role of the Human Resource executive as regards succession planning. It is no longer feasible to plan 10 years ahead into the future because the rate at which technology is taking over jobs with ease, delivering at unprecedented levels of effectiveness and efficiency (that is, high output at relatively lower costs) is amazing and scary at the same time.

Rather than groom people to take over from people, the HR personnel is now presented with the problem of helping people stay relevant within the system by ensuring that they add skills that are required in the ever-changing universe of the Labour Market.

C) Supervisors and Managers need HR to make the most of their careers. They can do this by sharing information regularly especially with regard to the challenges they face in their work as managers and supervisors as well as their personal growth track.

The reason is this: HR is trained to see differently. Their job is to maximize the efficiency of those who do the job regardless of their status or cadre.

The Job of the HR is to identify and solve these type of problems. Isolating one's self from the benefits of the HR's office is detrimental and not otherwise.

Cheers

3 0
3 years ago
If Southwest Development Company is a​ 50-50 partnership of Merideth Harper and Christopher​ Black,: ​(Select the best answer​ b
Kobotan [32]

Answer:

The answer is: A) Ms. Harper has unlimited​ liability, which means creditors can claim against her personal assets.

Explanation:

One of the most important characteristic of a partnership is unlimited liability. That means that in case the partnerships goes bankrupt, the partners are responsible for paying the partnership´s debt even with their own personal assets.

If one partner doesn´t have enough assets to meet his share of the debt, the other partner (or partners) can be held liable for the unpaid debt.

5 0
3 years ago
Colin Powell sees leadership as the ability to solve problems. <br> O True <br> O False
mash [69]

Answer:

true

Explanation: Leadership is solving problems.

5 0
3 years ago
Read 2 more answers
List 5 common advertising techniques.
disa [49]

T.V. advertisements

Billboard signs

News papers

Magazine adverts

Social media outlets or post

5 0
3 years ago
Brands can seed many forms of content in social communities as they try to boost engagement and sharing. ______ offer a way for
NNADVOKAT [17]

Social media offer a way for brands to invite consumers to engage and interact while they develop shareable content.

<h3 /><h3>What is a Brand?</h3>

A brand is an intangible marketing concept that helps people identify a company, product, or individual. People often confuse brands with things like slogans, or other recognizable marks, which are marketing tools that help promote goods and services.

Thus, Social Media plays a vital role in encouraging a brand, and through social media, brands can seed many forms of content in social communities as they try to boost engagement and sharing.

Learn more about Brand here:

brainly.com/question/22068280

#SPJ1

7 0
1 year ago
Other questions:
  • Emily, who lives in Indiana, volunteered to travel to Louisiana in March to work on a home-building project for
    14·1 answer
  • To safeguard against possible allegations of misconduct or unfair treatment, it is advisable to have a representative of the hr
    8·1 answer
  • Use this tax table to find how much tax you need to pay on a taxable income of $40,000.
    11·1 answer
  • Writing off an uncollectible account affects ________ under the allowance method.
    12·1 answer
  • Find the price of a corporate bond maturing in 5 years that has a 5% coupon (annual payments), a $1,000 face value, and an AA ra
    9·2 answers
  • Assume that France and Morocco can both produce grain and dates, and that the only limited resource is the farming labor force,
    10·1 answer
  • Using the midpoint method, calculate the price elasticity of demand for Gondwanaland gosum berries. Explain what this price elas
    8·1 answer
  • Which of the following is necessary to resolve conflict? A. patience with the conflict resolution process B. willingness to enga
    14·2 answers
  • HELP PLEASE, THIS IS TIMED!!!!!!​
    10·1 answer
  • The sequence of suppliers that contribute to creating and delivering a product, from raw materials to production to final buyers
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!