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Zarrin [17]
3 years ago
13

At the beginning of Year 1, Copland Drugstore purchased a new computer system for $52,000. It is expected to have a five-year li

fe and a $7,000 salvage value. Required a. Compute the depreciation for each of the five years, assuming that the company uses (1) Straight-line depreciation. (2) Double-declining-balance depreciation.
Business
1 answer:
kap26 [50]3 years ago
5 0

Answer:

Explanation:

1. Calculate Straight-line depreciation

= Cost - salvage value/useful life

= $52,000 - $7,000/5

= $45,000/5

= $9,000 per year for 5 years

2. Double-declining-balance depreciation.

= 2 X Cost of the asset/Useful Life

= 2 x $52,000/5

= $104,000/5

= $20,800 year 1

= 2 X Cost of the asset/Useful Life

= 2 x (52,000-20,800)/4

= 2 x 31,200/4

=$62,400/4

= $15,600 year 2

= 2 X Cost of the asset/Useful Life

= 2 x (52,000-20,800-15,600)/3

= 2 x 15,600/3

= $31,200/3

= $10,400 year 3

= 2 X Cost of the asset/Useful Life

= 2 x (52,000-20,800-15,600- 10,400)/2

= 2 x 5,200/2

Since the cost bal is less than the salvage value, we have to stop here.

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oee [108]

Answer:

1. As the RR, you should start acquiring all of the information needed to open the account from each joint owner.

2. Prior to purchasing the desired mutual fund, you should sit down with both joint owners and discuss the various risks associated with the investment.

Explanation:

In this situation, the RR must get all the relevant and important information that concerns opening the account and should also tell them the risks involved investing in such fund.

The RR should not just refuse to open the account because of risk he is not responsible for discussing what it means to open a JTWROS account.

Instead The RR has it as a duty to explain the implications of the JTWROS account to the client and her boyfriend

8 0
3 years ago
People-based services are ___________ in today’s world. increasing staying about the same varying from day to day decreasing
ddd [48]

<u>Answer:</u>

<em>People-based services are Increasing in today’s world.</em>

<u>Explanation:</u>

Services in which individuals, <em>instead of hardware or apparatus</em>, assume the significant job in conveyance; for instance, individuals assume the significant job in the <em>conveyance of monetary arranging administrations. </em>

People based services are increasing in today's world as there is need to handle and control the <em>software's and machines</em> that are used to carry out functions.

7 0
3 years ago
An agent of a broker dealer has hired a sales assistant who is not registered. The sales assistant will answer the telephone, ha
Viefleur [7K]

Answer:

D. production bonus

Explanation:

With regards to the above, an unregistered person cannot be compensated with commissions or pay based on production . While the unregistered sales assistant may be compensated for hourly wage, performance bonus and annual salary; he would not be compensated for production bonus because he is not allowed to partake in the commissions, or share in any fortune of the business with the agent he works for.

A production bonus unlike performance bonus(bonus paid for doing a good job), is based on the level of commissions and other fees that are earned hence not permitted for an unregistered persons or sales assistant.

3 0
3 years ago
The Royal Seattle Investment Club has​ $100,000 to invest in the equity market. Frasier advocates investing the funds in KSEA Ra
madam [21]

Answer:

Northwest Medical

Explanation:

In this question, we have to find out the risk to reward ratio for stocks

KSEA Radio = (Expected return - risk free rate) ÷ (Beta)

                     = (16.8% - 4%) ÷ (1.6)

                     = 8%

Northwest Medical = (Expected return - risk free rate) ÷ (Beta)

                               = (14.7% - 4%) ÷ (1.1)

                               = 9.72%

By comparing these two stocks, we get to know that the Northwest Medical  gives high return then the KSEA Radio .

So, Northwest Medical should be selected

5 0
3 years ago
Ryan, a successful entrepreneur, is planning to get into the petroleum business. He has bought two jack-up rigs running into mil
Kazeer [188]

Answer: Installations

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8 0
3 years ago
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