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vladimir2022 [97]
3 years ago
10

An asset having a four-year service life and a salvage value of $6,000 was acquired for $50,000 cash on April 5. Using straight-

line depreciation, what will be the depreciation expense at the end of the first year, December 31?
Business
1 answer:
Lana71 [14]3 years ago
3 0

Answer:

the depreciation expense at the end of the first year, December 31 is $ 8,250

Explanation:

Straight line Method of Depreciation Charges the same amount of depreciation over the useful life of the asset.

Depreciation Charge = (Cost - Salvage Value) / Useful Life

Depreciation Charge = ($50,000-$6,000) / 4 years

                                   = $11,000

<u>Apportionment of Depreciation Charge</u>

<em>From April 5 to December 13 there are 9 months</em>

Therefore depreciation for the year is apportioned as follows :

Depreciation Charge = 9/12× $11,000

                                   = $ 8,250

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Answer:

b. businesses to destroy customer data and maintain reasonable security procedures to guard against theft.

Explanation:

A database management system (DBMS) can be defined as a collection of software applications that typically enables computer users to create, store, modify, retrieve and manage data or informations in a database. Generally, it allows computer users to efficiently retrieve and manage their data with an appropriate level of security.

A data dictionary can be defined as a centralized collection of information on a specific data such as attributes, names, fields and definitions that are being used in a computer database system.

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This ultimately implies that, a data dictionary found in a computer database system typically contains the records about all the data elements (objects) such as data relationships with other elements, ownership, type, size, primary keys etc. This records are stored and communicated to other data when required or needed.

A law can be defined as the system of principles, regulations and rules established by legislature, that is adopted in a community, society or country to regulate the actions of its citizens, members or employees.

Thus, law is a tool used by the judiciary, lawyers, individuals, organizations, and even government to ensure everybody is well behaved, non-criminal and civil in their actions. Therefore, a law creates the foundation for ethical behavior and orderliness in a society.

Data disposal laws require businesses to destroy customer data and maintain reasonable security procedures to guard against theft. Thus, any customer data collected by a business firm should be protected securely and discarded when no longer in use.

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3 years ago
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Weighted Average Cost Method with Perpetual Inventory The beginning inventory for Dunne Co. and data on purchases and sales for
muminat

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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3 years ago
You are a management consultant for a 30-year old partner in a large law firm. In a meeting, your client says: "According to an
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Explanation:

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4 0
3 years ago
Sheridan, Inc. acquired 40% of Pina Corporation's voting stock on January 1, 2021 for $1060000. During 2021, Pina earned $364000
docker41 [41]

Answer:

$102,500

Explanation:

As per the given question the solution of gain be on sale is provided below:-

For reaching the gain be on sale first we need to follow some steps which is following below:-

Step 1

December 31, 2021 Investment = Initial investment + Net income - Dividend

= $1,060,000 + ($364,000 × 40%) - ($250,000 × 40%)

= $1,060,000 + $145,600 - $100,000

= $1,205,600 - $100,000

= $1,105,600

Step 2

July 1,2022 Investment = December 31, 2021 Investment + Net income - Dividend

= $1,105,600 + ($533,000 × 6 months ÷ 12 months × 40%) - ($138,000 × 40%)

= $1,105,600 + $106,600 - $55,200

= $1,212,200 - $55,200

= $1,157,000

Step 3

Now, the investment half value = $1,157,000 ÷ 2

= $578,500

and finally

So, Gain = Stock - Half value of Investment

= $681,000 - $578,500

= $102,500

So, we have calculated the gain be on sale in Sheridan's 2022 income statement by using the above formula.

7 0
3 years ago
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