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torisob [31]
3 years ago
8

McCanless Co. recently purchased an asset for $2,000,000 that will be used in a 3-year project. The asset is in the 4-year MACRS

class. The depreciation percentage each year is 33.33 percent, 44.45 percent, 14.81 percent, and 7.41 percent, respectively. What is the amount of depreciation in Year 2?
Business
1 answer:
Yuliya22 [10]3 years ago
4 0

Answer:

$889,000

Explanation:

Data provided as per the question below:

Purchases assets = $2,000,000

Depreciation Rate for Year 2  = 44.45%

The computation of amount of depreciation is shown below:-

Amount of depreciation in Year 2 = Purchases assets × Depreciation Rate for Year 2

=$2,000,000 × 44.45%

=$889,000

Therefore, for computing the amount of depreciation in Year 2 we simply multiply purchase assets with depreciation rate for year 2.

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For the Joneses, Steve is putting together a market analysis and has chosen three comparable homes. Steve should Zero Adjustment alter the joneses' proper behavior in any way.

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7 0
1 year ago
Jared's boss encourages employees to participate in the decision-making process but does not give them complete freedom to do as
strojnjashka [21]

Answer:

D) democratic

Explanation:

A democratic leadership style is a type of leadership where a leader asks for the inputs of emoloyees in making decisions and the final decision made by the leader is based on the inputs of members.

Jared's boss allows his staff to give inputs but he makes the ultimate decision .

In an autocratic leadership style, the leader doesn't take any input from employees when making decisions.

Laissez faire is a type of leadership style where employees are given a free rein in the company.

7 0
3 years ago
On february 28th of 1986, _____________ starts her first solo world tour, starpeace, planning both u.s. and european dates. due
Monica [59]
Yoko Ono is the answer
5 0
4 years ago
ThingOne Company has the following information available for the past year. They use machine hours to allocate overhead. Actual
frozen [14]

Answer:

the variable overhead efficiency variance is $1,840 unfavorable

Explanation:

The computation of the variable overhead efficiency variance is shown below:

= Standard variable overhead rate × (standard hours - actual hours)

= $4.60 × (10,600 - 11,000)

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Hence, the variable overhead efficiency variance is $1,840 unfavorable

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3 years ago
You are given the following long-run annual rates of return for alternative investment instruments: U.S. Government T-bills 3.10
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Answer:

The real rate of return is 0.10%

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For computing the real rate of return, we need to apply the formula which is shown below:

( 1 + nominal rate) = ( 1 + real rate) × (1 + inflation rate)

So,

The real rate = {(1 + nominal rate) ÷  (1 + inflation rate)} - 1

                     = ((1 + 3.10%) ÷  (1 + 2%)} - 1

                     = (1.031 ÷ 1.02) - 1

                     = 1.0107 - 1

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The Government T-bills is only the nominal rate so we considered this only

5 0
4 years ago
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