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Ket [755]
4 years ago
12

Better Chocolates has a new project that requires $838,000 of equipment. What is the depreciation in Year 6 of this project if t

he equipment is classified as seven-year property for MACRS purposes? The MACRS allowance percentages are as follows, commencing with year 1: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent.
Business
1 answer:
DIA [1.3K]4 years ago
4 0

Answer:

d. $74,749.60 ( depreciation allowance @ 8.92% )

Explanation:

Under Modified Accelerated Cost Recovery System the Office furniture and fixtures, agricultural machinery and equipment, any other property not associated with another class is classified as 7-years property.

These assets are depreciated as follows:

Year         Percentage Depreciate

  1                              14.29%

  2                             24.49%

  3                             17.49%

  4                             12.49%

  5                             8.93%

  6                             8.92%

  7                             8.93%

  8                             4.46%

In the Sixth year depreciation will be charged by 8.92%.

Asset Value = $838,000

Depreciation Allowance in 6th year = $838,000 x 8.92%

Depreciation Allowance in 6th year = $74749.60

*Option for the given Mcqs are missing and written as follows:

Select one:

a. $80,411.60

b. $74,833.40

c. $89,108.00

d. $74,749.60

e. $89,327.08

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On July 15, 2021, M.W. Morgan Distribution sold land for $41.0 million that it had purchased in 2016 for $26.0 million.
siniylev [52]

Answer:

$41.0 million

Explanation:

Calculation to determine the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2021, using the direct method

DIRECT METHOD:

CASH FLOWS FROM INVESTING ACTIVITIES:

Cash proceeds received from sale of land $41.0 million

Therefore the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2021, using the direct method is $41.0 million

5 0
3 years ago
"UN accepts Bhutan's graduation
nexus9112 [7]

Answer:

an Evi score of 32 or below

Explanation:

in 40-euro cents.

d. The 60% of the rise in the

disposable income goes to

consumption

= All of the abovein 40-euro cents.

d. The 60% of the rise in the

disposable income goes to

consumption

= All of the above

an Evi score of 32 or belowin 40-euro cents.

d. The 60% of the rise in the

disposable income goes to

consumption

= All of the abovein 40-euro cents.

d. The 60% of the rise in the

disposable income goes to

consumption

= All of the abovein 40-euro cents.

d. The 60% of the rise in the

disposable income goes to

consumption

= All of the abovein 40-euro cents.

d. The 60% of the rise in the

disposable income goes to

consumption

= All of the above

4 0
4 years ago
Leaders as good role models must walk the talk. this means they must be ________ in their words and actions. a. consistent b. ef
kvv77 [185]

Leaders must be consistent in their words.

  • There are many advantages to being an ethical leader. Leaders can influence their community to act morally by working together. Others will be inspired to emulate your moral behavior if you set an example for them and offer guidance. Moral leaders can influence a large number of people for the better by presenting them with a course of action that will benefit everyone.
  • For personal credibility and reputation, it is essential to be an ethical leader. Being a leader takes time and effort. Being unethical can seriously damage a leader's or their organization's reputation and immediately remove them from the A-league.
  • A person's self-esteem is frequently harmed by unethical behavior, which leads to a less than ideal outcome and a missed opportunity to reach one's full potential.

Thus a Leader must be consistent in their words.

To learn more about leadership, refer: brainly.com/question/12522775

#SPJ4

3 0
2 years ago
Read 2 more answers
This is just a question about how Brainly works.
Pie

im not sure why you cant delete them, but from research, it says only 10 mins or less. or if your unlucky, 14 days. sorry of i couldint help.

5 0
3 years ago
You just won the grand prize in a national writing contest! As your prize, you will receive $1,000 a month for 15 years. If you
skelet666 [1.2K]

Answer:

The prize is worth $111,258.73.

Explanation:

Giving the following information:

Cf= $1,000 a month

Interest rate= 0.07/12= 0.005833

Number of months= 15*12= 180

First, we need to calculate the final value:

FV= {A*[(1+i)^n-1]}/i

A= cash flow

FV= {1,000*[(1.005833^180) - 1]} / 0.005833

FV= $316,951.28

Now, the present value:

PV= FV/(1+i)^n

PV= 316,951.28/(1.005833^180)

PV= $111,258.73

6 0
3 years ago
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