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stiv31 [10]
3 years ago
13

A company purchased a computer system at a cost of $34,000. The estimated useful life is 7 years, and the estimated residual val

ue is $2,000. Assuming the company uses the double-declining-balance method, what is the depreciation expense for the second year
Business
1 answer:
Ipatiy [6.2K]3 years ago
3 0

Answer:

$7,000

Explanation:

Calculation for the depreciation expense for the second year

Depreciation rate will be:

2/7 = 29%

$34,000 × 29% = $9,860

The depreciation in the first year will be $9,860

Thus,

($34,000 - $9,860) × 29%

$24,140×29%

= $7,000

Therefore the depreciation expense for the second year will be $7,000

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Answer:

A. have no effect.

Explanation:

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So it would not affect the company's cash balance.

The rule for short-term invstment is to have litle risk

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the US TB fullfil both, it has no risk and matures within 90 days It is considered a cash equivalent.

7 0
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Answer:

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in this case

$1.05 billion - $1.06 billion = -<u> 0.01 billion or - $100 million</u>

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In this case, since the country's only source of income it is slightly less than than what is required to run the government, it has a budget deficient.

Since the country does not export or trade with outside countries, the government will need to take out a loan to make up for this deficient.

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OLga [1]

Answer:

$11,026 Favorable

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= Budgeted cost -  Actual cost

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3 years ago
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Dmitry [639]

Answer:

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When people have insurance against a certain event, the notion that those people are less likely to guard against that event occ
sp2606 [1]

Answer: When people have insurance against a certain event, the notion that those people are less likely to guard against that event occurring is called a <u>moral hazard.</u>

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