Answer:
Depreciation expense= $7,612.5
Explanation:
Giving the following information:
Purchase price= $66,000
Salvage value= $5,100
Useful life= 8 years
<u>First, we need to determine the depreciation expense for the whole year. We will use the following formula:</u>
<u></u>
Annual depreciation= 2*[(book value)/estimated life (years)]
Annual depreciation= 2*[(66,000 - 5,100) / 8]
Annual depreciation= $15,225
<u>For 2020:</u>
Depreciation expense= (15,225/12)*6= $7,612.5
Answer:
$3,000 and $35,000
Explanation:
The computations are shown below:
The depreciation expense would be
=(Original cost - residual value) ÷ (useful life)
= ($50,000 - $5,000) ÷ (15 years)
= ($45,000) ÷ (15 years)
= $3,000
In this method, the depreciation is same for all the remaining useful life
The book value would be
= (Original cost of equipment) - (depreciation × number of years)
= ($50,000) - ($3,000 × 5 years)
= $50,000 - $15,000
= $35,000
Answer:
9%
Explanation:
According to the given situation, the solution of return on investment is shown below:-
Return on investment = (Net operating income ÷ Average operating assets) × 100
now, we will put the values into the above formula
= ($45,360 ÷ $504,000) × 100
= 0.09 × 100
= 9%
Therefore for computing the return on investment we simply applied the above formula.
Answer:
Programmed decisions.
Explanation:
Decision-making is a process of selection from a set of alternative courses of action,which is thought to fulfill the objectives of the decision problem more satisfactorily than others.
Decision making can be regarded as the cognitive process resulting in the selection of a course of action among several alternatives. Every decision making process produces a final choice.
Types of Decision Making:
• PROGRAMMED DECISIONS : A programmed decision is one that is fairly structured or recurs with some frequency.
A decision that is repetitive and routine, in which a definite method for its solution can be established. Examples: pricing standard customer orders, determining billing dates, recording office supplies etc.
• NON-PROGRAMMED DECISIONS : Non-programmed decisions are relatively unstructured and may occurs much less often. They are made in response to situations that are unique, are poorly defined and largely unstructured.
