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
Temka [501]
3 years ago
8

Lundy Company purchased a depreciable asset for $99,000 on January 1. The estimated salvage value is $18,000, and the estimated

useful life is 9 years. The double-declining balance method will be used for depreciation. What is the depreciation expense for the second year on this asset?
Business
1 answer:
Mariulka [41]3 years ago
7 0

Answer:

$16, 988.4

Explanation:

The asset has a useful life of 9 years. the straight-line rate of depreciation is 1/9 X 100 = 11 per cent

the cost of the asset is $99,000

First-year depreciation under double-declining will be

Straight-line method rate x 2= 22 %

= 22/100 x 99,000

=0.22 x 99,000

=21,780

the book value after the first year will be 99,000 -21, 780

= 77,220

Depreciation expense for the second year = 22 % of 77,220

=22/100 x 77,220

=$16, 988.4

You might be interested in
An arizona student claims to have spotted a ufo over the desert outside of tucson. how will his claim affect the supply (not the
Elena-2011 [213]
The supply would unlikely change. Although, the quantity supplied has a higher chance of responding to higher price for binoculars. Therefore, there would be a chance of increase in demand for binoculars which increases the selling price.
4 0
3 years ago
You manage an equity fund with an expected risk premium of 12.4% and a standard deviation of 38%. The rate on Treasury bills is
timama [110]
  • The expected return = = 12.84 %.
  • The standard deviation = 22.8 %.

<u>Explanation</u>:

On the client's portfolio (total investment = 120 K + 80 K = 200 K,  

  • The expected return

                    = (12.4 %risk premium + 5.4 %risk free return) \times (120 K / 200 K) + 5.4 % \times (80 K / 200 K)

                    = 17.8 % \times 0.6 + 5.4 % \times 0.4

                    = 12.84 %.

  • The standard deviation would be = 38 % \times 0.6 + 0% \times 0.4

                                                                  = 22.8 %.

4 0
3 years ago
Inventory on the Balance Sheet On the basis of the following data, determine the value of the inventory at the lower of cost or
Tpy6a [65]

Answer:

Total Inventory           250,590‬

Explanation:

We have to pick the lowest price between the istoric cost (FIFO method) and the market value of the goods)

                 units x lowest

Adams     100 x 125 =   12,500

Coolidge 375 x 90  =   33,750

McKinley 220 x 60  =   13,200

Garfield 900 x 115  =  103,500

Lincoln 626 x 140  = <u>    87,640</u>

Total Inventory           250,590‬

7 0
3 years ago
Explain what is happening during each phase of the cycle with: I. output, II. employment III. and inflation
Ludmilka [50]

Answer:

During each phase of the economic cycle of Recession and Expansion, the following economic variables fluctuate, accordingly:

I. Output: During Recession, production output reduces.  But, during expansion, product output rises with rising income, employment, and even stable inflation.

II. Employment: During phases of economic Expansion, employment rises, while it contracts during the phases of Recession.

III. Inflation: Due to rising income and output during economic expansionary periods, inflation rate also rises.  It reduces when the economy enters a recession.

Explanation:

Business or Economic Cycle describes the recurrent, but not periodic, sequence of changes in the aggregate economic activities of a nation.  It usually cascades between the spectrum of expansion and recession.  This means that there is an alternation of the phases of economic cycle between expansion and contraction (recession) when the aggregate economic activities may rise or decline due to the equal movement of economic variables like the GDP output, employment, income, and sales.

5 0
3 years ago
Ashley's Coffee Shop makes a blend that is a mixture of two types of coffee. Type A coffee costs Ashley $4.30 per pound, and typ
Over [174]

Answer:

Ashley used 87 pounds of type B coffee

Explanation:

4.3a  + 5.9b = 749.80

a + b = 142

b = 142-a

4.3a  + 5.9(142-a) = 749.80

4,3a  + 5.9(142-a) = 749.80

4.3a  + 837.8 - 5.9a = 749.80

4.3a - 5.9a = 749.80 - 837.80

-1.6a= -88

a= -88 / 1.6 = 55

55  + b = 142

b=  142-  55 = 87

That is the way we get how many pounds of type B coffee Ashley used

8 0
3 years ago
Other questions:
  • In which business stage do you decide whether a business opportunity is a great fit for you personally
    8·2 answers
  • If a firm in a purely competitive industry is confronted with an equilibrium price of $5, its marginal revenue: will be less tha
    15·1 answer
  • According to House's path-goal theory, when the task structure is high, employees work on routine and simple tasks; for this typ
    10·1 answer
  • Closing entries transfer the balances of all temporary accounts (revenues, expenses, and dividends) to the Common Stock account.
    13·1 answer
  • The introduction of the _______ placed more effective controls over bribing practices and less obvious forms of payment to forei
    14·1 answer
  • Which of the following does a firm possess when it can outperform other firms in the same industry or the industry average over
    11·1 answer
  • AdventureBikes targets wilderness enthusiasts and introduced special robust bikes for them. PowerDrink's target market comprises
    5·1 answer
  • Given the following production plan, use a chase production strategy to compute the monthly production, ending inventory/(backlo
    14·1 answer
  • A cross-functional work team is having difficulties in operating smoothly, and friction has developed among some of the members.
    11·1 answer
  • Dollar diplomacy examples
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!