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
DIA [1.3K]
3 years ago
15

On October 1, year 1, Kirby Corp. purchased equipment for $100,000. The equipment has a useful life of 5 years with no residual

value. Kirby uses the straight-line method of depreciation. The partial year depreciation for year 1 is
Business
1 answer:
NNADVOKAT [17]3 years ago
4 0

Answer:

5000 partial depreciation

Explanation:

straight line formula is = <u>cost  - scrape value</u>

                                          useful life in years

since there is no residual value (scrape value) therefore, we divide <u>100,000 </u>

                                                                                                                     5        

the answer we get 20000 per year depreciation. but the equipment is bought on 1st oct, and if assume that the year ends on Dec, 31 so  it is measure for 3 month depreciation which is 5000.                                                                                                                                                                                                                                                                                            

You might be interested in
You are considering investing in a project with the following possible outcomes: Probability of Investment States Occurrence Ret
frutty [35]

Answer:

SD = 0.0740270 or 7.40270 percent rounded off to 7.403 percent

Explanation:

To calculate the standard deviation of the investment, we must first calculate the expected or mean return of the investment. The expected or mean return can be calculated as follows,

r = pA * rA  +  pB * rB  +  ...  +  pN * rN

Where,

  • pA, pB, ... represents the probability of state occurrence
  • rA, rB, ... represents return A, return B and so on  under each state

r = 0.2 * 0.16  +  0.4 * 0.12  +  0.2 * 0.05  +  0.2 * -0.05

r = 0.08 or 8%

The formula to calculate the standard deviation of a stock/investment is as follows,

SD = √pA * (rA - r)²  +  pB * (rB - r)²  +  ...  +  pN * (rN - r)²

SD = √0.2 * (0.16 - 0.08)²  +  0.4 * (0.12 - 0.08)²  +  0.2 * (0.05 - 0.08)²  +  0.2 * (-0.05 - 0.08)²

SD = 0.0740270 or 7.40270 percent rounded off to 7.403 percent

4 0
3 years ago
I got a question for dudes
Nataly [62]

Answer:

what

Explanation:

7 0
3 years ago
Effie Company uses a periodic inventory system. Details for the inventory account for the month of January, 2021 are as follows:
Lynna [10]

Answer:

Ending inventory : $868

Explanation:

FIFO (First-In-First-Out) is a method of inventory valuation where the inventory that is received first is sold first. In other words, the earliest inventory is used first. This is common for perishable inventory such as fruits and vegetables which if not used fast, will be wasted.

01/01/21 : Beginning Inventory : 200 units x $5 = $1000

01/15/21 : Purchases : 100 units x $5.3 = $530

01/28/21 : Purchases : 100 units x $5.5 = $550

Total units = 200 + 100 + 100 = 400 units

Units sold = Total inventory available for sale - ending inventory

= 400 - 160 = 240 units.

COGS:

Beginning Inventory : 200 units x $5 = $1000

Purchases : 40 units x $5.3 = $212

Cost of goods sold : $1000 + $212 = $1212

Ending inventory:

Purchases : (100 - 40) units x $5.3 = $318

Purchases : 100 units x $5.5 = $550

Ending inventory : $318 + $550 = $868

6 0
3 years ago
- 3.1.6 Quiz: Strategic Relationships
Cloud [144]

Answer:

gorillas is very cracazuri am rllmmm

8 0
3 years ago
Read 2 more answers
Which of the following types of teams is the most autonomous?A. Self-managing teamsB. Quality circlesC. Semiautonomous work grou
coldgirl [10]

Explanation:

Autonomy -

It is refers to the degree to which the workers have the freedom , discretion , independence , so as to decide when and how to accomplish their jobs .

Hence , from the options given in the question ,

  • The most autonomous are the self designing teams and the  self - managing teams .
  • The least autonomous are the employee involvement groups and the  traditional work groups .
  • The moderate autonomous is the semi autonomous work groups .
7 0
3 years ago
Other questions:
  • The _____ model suggests that managers should monitor employees’ perceptions of fairness.
    7·1 answer
  • Suppose that the Fed had followed the Taylor rule before the financial crisis of 2008. In the first quarter of​ 2007, the inflat
    14·1 answer
  • During the ___________ stage of the product life cycle, firms either position themselves for a niche segment of diehard consumer
    9·1 answer
  • Under the direct​ write-off method, the entry to write off an uncollectible account will include​ ________. A. a credit to the A
    15·1 answer
  • Shelly has $200,000 of QBI from her local jewelry store (a sole proprietorship). Shelly's proprietorship paid $30,000 in W–2 wag
    10·1 answer
  • Sylvia records the purchases of inventory in the current accounting period even though she will actually pay for the inventory i
    15·1 answer
  • A city levies property taxes of $500,000 for its General Fund for a year and expects to collect all except the estimated uncolle
    10·1 answer
  • West Street Automotive is considering adding state safety inspections to its service offerings. The equipment necessary to perfo
    9·1 answer
  • How does the price range affect the elasticity of demand for a product?
    8·1 answer
  • andie needs to borrow $6,000 to buy a car. one dealer offers her a monthly payment of $193.60 on a 3-year loan with an apr of 10
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!