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
Ksju [112]
2 years ago
6

The Pack Company purchased an office building for $9,000,000. The building had an estimated useful life of 40 years and an expec

ted salvage value of $1,000,000. Calculate the depreciation expense for the second year using the double-declining balance method.
Business
1 answer:
xz_007 [3.2K]2 years ago
8 0
<h2>Depreciation = Cost Price --Salvage/Useful Life</h2><h2>=9,00,000-1,00,000/40</h2><h2>=8,00,000/40</h2><h2>= 20,000</h2><h2 /><h3>Explanation:</h3><h3>Depreciation is 20,000</h3><h3></h3>

You might be interested in
Legal Services pays half of the price for a shipment of computers that remain with the seller, Digital Computers, Inc. Within te
umka2103 [35]

Answer:

A. the computers are identified to the contract.

Explanation:

The buyer has the  right to recover all the goods when the seller suddenly becomes insolvent. Also where the buyer wishes to receive all the goods and also a substantial prepayment is already made and then the buyer finds out the  seller has become insolvent.

Under the UCC Section 2-502, it allows the buyer to recover all the goods if the below  conditions are met:

  • the goods or the items must be identified to the contract
  • if the buyer had paid a part of the purchase price or have made full payment
  • if the buyer is willing to pay if any balance due
  • after the first installment, the seller must become insolvent.

Therefore, in the context, Legal Services can recover all the computers if the computers are identified to the contract.

5 0
2 years ago
g Smiley Corporation wholesales repair products to equipment manufacturers. On April 1, 20Y1, Smiley issued $20,000,000 of five-
avanturin [10]

Answer:

Explanation:

a

Cash 20811010

Bonds payable 20000000

Premium on Bonds payable 811010

b

Interest expense 818899

Premium on Bonds payable 81101 =811010/5*6/12

Cash 900000 =20000000*9%*6/12

c

The market rate of interest will be lower than the contract rate of interest.

7 0
3 years ago
7.Consider two metropolitan areas, one that has many small school districts and one that has only a few large school districts.
lorasvet [3.4K]

Answer and Explanation:

Efficiency and equality:  

We have given the information that there are two areas one has many small school and another has few large schools. The area which has many small schools faces a large competition as there are large numbers of school in that area. In order to maintain equality and efficiency the voucher system should announced in the area which has few large schools. Introducing the voucher system in this few large school region help to maintain equality as there is less competition. Whereas the introduction of the voucher system in an area which has many large schools increases the inequality as there is high competition and this inequality also stimulated by the migration factor. So, these are the effects of voucher system in different areas.

6 0
2 years ago
Which of the following is true with regard to use of individuals and teams? A. Teams and individuals can be used interchangeably
jeka57 [31]

Answer:

E : Task complexity and requirement of different perspectives must be used as criteria when assigning work to teams over individuals and vice versa

Explanation:

5 0
2 years ago
Read 2 more answers
In one year, you meet 52 people who are each unemployed for one week and eight people who are each unemployed for the whole year
VARVARA [1.3K]

Long term unemployment is defined as being unemployed for 27 weeks or more. In this example there are a total of 60 people, 52 people who would be categorized as short term unemployment and 8 people who would be categorized as long term unemployment.

In order to calculate the percentage of unemployment in each category you will need to divide the number in each category by the total number.

Short term = 52/60 = 86.7%

Long term - 6/60 = 13.3%

4 0
3 years ago
Read 2 more answers
Other questions:
  • Suppose you purchase a​ ten-year bond with 5 % annual coupons.You hold the bond for four years and sell it immediately after rec
    11·1 answer
  • A snack food bag is white with plain black letters spelling, "corn chips." this is most likely an example of a ________ brand.
    14·1 answer
  • Consider the​ following: Year Population ​(Millions) Real GDP ​($ Billions) GDP Deflator 2018 121 2019 125 Calculate the percent
    9·1 answer
  • Suppose the demand curve for a product is given by Q = 11 - 2P + 3Ps Where P is the price of the product and Ps is the price of
    13·1 answer
  • Haroldsen Corporation is considering a capital budgeting project that would require an initial investment of $350,000. The inves
    14·2 answers
  • Which of the following would prevent a company from receiving reduced penalties under CERCLA?​ a. ​the situation was corrected i
    9·1 answer
  • If a good's production process results in pollution and the government taxes producers to pay for cleanup costs, then :______
    10·1 answer
  • At the end of World War II, Group of answer choices most nations began to apply tariffs uniformly across all industries. tariffs
    11·1 answer
  • The 20% off sale is a better deal than the $200 rebate or
    6·2 answers
  • When a binding price ceiling is imposed on a market to benefit buyers,
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!