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leonid [27]
3 years ago
13

Marsh Corporation purchased a machine on July 1, 2015, for $1,500,000. The machine was estimated to have a useful life of 10 yea

rs with an estimated salvage value of $84,000. During 2018, it became apparent that the machine would become uneconomical after December 31, 2022, and that the machine would have no scrap value. Accumulated depreciation on this machine as of December 31, 2017, was $354,000. What should be the charge for depreciation in 2018 under generally accepted accounting principles
Business
1 answer:
lesya692 [45]3 years ago
4 0

Answer:

$229,200

Explanation:

The carrying value of the machine as of December 31, 2017, was $1,500,000 (purchase cost) - $354,000 (accumulated depreciation) = $1,146,000.

Since the machine's useful remaining life was reduced by 3 years, the depreciation amount should reflect this. The remaining useful life of the machine is 5 years (2018 - 2022), so the company can increase the depreciation expense per year to $1,146,000 / 5 =  $229,200.

That way at the end of 2022 the carrying value will be $0, since the machine has no salvage value.

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svlad2 [7]

The correct order is the following:

1.- Assess the current reality.

2.- Establish the mission and vision

3.- Formulate the grand strategy & strategic, tactical & operational plans

4.- Open choices for matching.

5.- Maintain strategic control.

Great leaders know that managers have to assess the current reality of the company, the competitors, and the economic situation of the company, as well as microeconomic and macroeconomic factors. Then, the strategic planning has to begin with the definitions of the mission and vision, as well as the values that will represent the moral "pillars" of the company. Then, it comes the formulating of goals, the strategies to reach the goals, followed by the tactics that will show the details on how to accomplish those goals.

4 0
3 years ago
Matthew is the CEO of an international company. He oversees business operations in eleven countries across the globe. Which info
Sonja [21]

According to the four-level pyramid model, we have the following

1) Executive information systems.

2) Decision support systems.

3) Management information systems.

4) Transaction processing systems.

Having said that, An executive information system (EIS) is a decision support system (DSS) used to support senior executives in the decision-making process. It does this by presenting easy access to important data needed for strategic decisions about a company. EIS  is also known as Executive support system (ESS)and it usually features graphical displays on an easy-to-use interface.

Executive support systems can be utilized in different types of companies to control and monitor business operations as well as to identify possibilities and problems. One of the major characteristics of EIS is that it is mainly used by senior executives.

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4 0
3 years ago
Stanley likes using fountain pens. When he came across a new series of fountain pens manufactured by Dilloit Pens, he eagerly bo
satela [25.4K]

Answer: (C) Perceived value

Explanation:

 The perceived value is the term which is basically refers to the marketing terminology in which the users or the consumers evaluates the products and the services ability so that it meets their specific requirement and the needs.

According to the question, Stanley is basically purchasing the pen based on the perceived value based on his expectations. It is also helps in analyzing the actual quality of the given products by comparing with the other brands.

  Therefore, Perceived value is the correct answer.

6 0
3 years ago
Your cousin has asked you to bankroll his proposed business painting houses in the summer. He plans to operate the business for
Sonbull [250]

Answer:

the annual rate of return is 15.24%

Explanation:

The computation of the annual rate of return is shown below:

Given that

NPER = 5

PV = -$15,000

PMT = $4,500

FV = $0

The formula is shown below:

= RATE(NPER,PMT,-PV,FV,TYPE)

AFter applying the above formula, the annual rate of return is 15.24%

6 0
3 years ago
Norma Smith is the controller of Bramble Corporation and is responsible for the preparation of the year-end financial statements
melisa1 [442]

Answer:

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(a) $0 would be reported as current liability, as it is not a current liability. It is a contingent liability.

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Payment of interest on loan is a liability of the firm.

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= $3.50 per share × 41,810

= $146,335

(f) Customer advances is a current liability and the amount of customer advances to be reported in current liability is calculated as follows:

= Customer advances - Amount earned this year

= $193,100 - $57,900

= $135,200

6 0
3 years ago
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