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Gre4nikov [31]
3 years ago
8

Lucky started a new business last year. Since it was the first year of operation, the business purchased $10,000 in machinery an

d used the straight-line method for depreciation. Business is booming, so Lucky purchased $15,000 in equipment during the current year to help meet production demands. Which of the following statements is true regarding the depreciation choices available to Lucky? The new machinery can be depreciated under the same method or a different method than the previously purchased machinery T/F
Business
1 answer:
gulaghasi [49]3 years ago
4 0

Answer:

True

Explanation:

The reason is that the Internation Financial Reporting Framework says that though there are choices the company must opt to the depreciation method that brings fairness to the financial statement, which means that the method used calculates the depreciation for the year that actually represents the decrease in the value of the assets in market value. So if the current method brings the fairness to the Financial statements, Lucky can use them and if those don't bring fairness to the financial statements then its better to use alternative which will bring the fairness to financial statements.

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The essential difference between a command economy and a market economy is that in a market economy
damaskus [11]

Answer:

b  buyers and sellers determine resource allocation.

Explanation:

The market is regulated by the interaction between Sellers and Buyers. However, in a Command economy the market is regulated by the government policies.

4 0
3 years ago
Consider an investor facing a 38% marginal tax rate who purchases a tax-exempt issue with a yield of 4.25%. What is equivalent t
myrzilka [38]

Answer:

Option D

Explanation:

We can calculate the  equivalent taxable yield of investor facing a 38% marginal tax rate investment as follows

DATA

Tax rate = 38%

After tax yield = 4.25%

Solution

Let's suppose the equivalent taxable yield is x then

x(1-0.38)=4.25

x(0.62)= 4.25

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Option D would be the correct answer

8 0
3 years ago
10. ABC Company uses a job-order costing system and computes its predetermined overhead rate annual on the basis of direct labor
Ne4ueva [31]

Answer:

Predetermined overhead rate is $9 per labor hour

Explanation:

Estimated Direct-labor hours = 10,000

Estimated Manufacturing overheads = Estimated Fixed overheads + Estimated variable overheads

Estimated Manufacturing overheads = $50,000 + $40,000

Estimated Manufacturing overheads = $90,000

Predetermined overhead rate = Estimated Manufacturing overheads / Estimated Direct-labor hours

Predetermined overhead rate = 90,000 / 10,000 = $9 per labor hour

8 0
3 years ago
______ refers to the extent to which employees believe their organization values their contributions and cares about their well-
IRISSAK [1]

Answer:

Perceived Organization Support- POS

Explanation:

POS stands for perceived organization support. Through POS, the employees believe that their organization cares for their needs. The employees believe that the organization cares about their welbeing and values their contribution. Employees tend to perform better when they receive rewards and favorable treatments.

Through POS, Employees can raise their grievances and opinions through the company's intranet or other channels. This helps them feel that they are part of the organization. The result is increased performance and commitment by workers.

6 0
4 years ago
Which statement best summarizes the law of demand ?
miskamm [114]

Answer:it’s D

Explanation: Just answered it

5 0
3 years ago
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