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torisob [31]
2 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]2 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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He people who promote innovations as part of the process of transmission are called? adopters. transmitters. innovators. entrepr
Alina [70]

The people who promote innovations as part of the process of transmission are called "Transmitters".

<h3>What do you mean by term Innovations?</h3>

An innovation refers to the action or process of changing/transforming something. It an be used to make a process more effective.

In business, innovation often results when ideas are applied by the company in order to further satisfy the needs and expectations of the customers.

Adding to it, the transmitters are those who are helpful in the process of transmission of something. Rest all options like A, C and D are incorrect.

Therefore, correct option is B.

Learn more about transmitters, refer to the link:

brainly.com/question/2084370

#SPJ4

6 0
1 year ago
According to the scor model, supply chain management covers five broad areas including planning activities, which __________.
topjm [15]

The correct answer is cover the actual production of a good or service.

Supply chain management choices are addressed, improved, and communicated with suppliers and consumers of a firm using the supply chain operations reference model (SCOR), a management tool. The operational methods required to satisfy client requests are described in the model.

<h3 /><h3>What does SCOR entail?</h3>

A supply chain must carry out the SCOR operations in order to achieve its main goal of completing client orders. There is only one representation for each distinct process in SCOR. The six main processes that SCOR identifies as level-1 processes are Plan, Source, Make, Deliver, Return, and Enable.

<h3>Why does business employ the SCOR model?</h3>

The SCOR method may assess the supply chain of a corporation at various degrees of process detail. It offers businesses a sense of how sophisticated their supply chain is. The procedure aids businesses in comprehending how the five procedures constantly recur between clients, suppliers, and the business itself.

To know more about Supply chain, visit: brainly.com/question/15582420

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8 0
1 year ago
A Quality Analyst wants to construct a sample mean chart for controlling a packaging process. He knows from past experience that
ZanzabumX [31]

On Monday and Tuesday, the process appears to be out of control.                                                                                                                                                

<u>Explanation</u>:

  • There are five days Monday, Tuesday,Wednesday, Thursday and Friday. Monday and Tuesday have weight up to 21. Wednesday weights up to 21.
  • Thursday and Friday weigh up to 20. Except for Monday and Tuesday, all the days have packaged up to the value of  21. So Monday and Tuesday are the days that appear to be out of control.
  • On checking the package for each day he came to know that Monday and Tuesday have process out of control.

       

                                                                                         

7 0
2 years ago
Beginning inventory, purchases and sales data for tennis rackets are as follows:
IRISSAK [1]

Answer:

Cost of goods sold = $836

Ending inventory = $315

Explanation:

a) Data and Calculations:

Date     Description    Units  Unit Price  Balance

Apr. 1    Inventory         12         $45       $540

Apr. 11  Purchase          13         $47       $1,151 ($540 + 13 * $47)

Apr. 14 Sale                 (18)      $100        $315 ($7 * $45)

Sales revenue = $1,800 ($100 * 18)

Cost of goods sold = $836 ($47 * 13 + $45 * 5)

Ending inventory = $315  ($7 * $45)

b) Under the LIFO (Last in, First out) inventory valuation method, it is assumed that goods that were purchased closest to the selling date were the ones to be sold while those purchased earlier remain in inventory.

4 0
2 years ago
Able, Baker, and Carter have partnership capital account balances of $600000 each. Income and losses are shared equally. Carter
poizon [28]

Answer and Explanation:

The Journal entry is shown below:-

Carter's Capital Dr $600,000

                 To Able's Capital $450,000    (3 ÷ 4 × $600,000)

                To Baker's Capital $150,000

(Being Carter’s withdrawal from the partnership is recorded)

For recording this we debited the carter capital as it shows the withdrawn amount and credited the able capital and baker capital so that the total withdrawn collected from these partners could come

4 0
3 years ago
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