A good example of central planning at work in the U.S. would be: Select one:

Mendrisio Company purchased a piece of machinery for $30,000 on January 1, 2019, and has been depreciating the machine using the

aleksley [76]

Answer:

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

Debit Credit

Depreciation Expense $3,000

Accumulated Depreciation $3,000

Explanation:

According to the given data we have the following:

Sum of year digits=5(5+1)/2

Sum of year digits=(5*6)/2

Sum of year digits=15

Depreciation for year 2019=$30,000*5/15

Depreciation for year 2019=$10,000

Depreciation for year 2020=$30,000*4/15

Depreciation for year 2020=$8,000

Therefore, book value as on january 1, 2021=$30,000-$10,000-$8,000

book value as on january 1, 2021=$12,000

Revised useful life=6 years-2 years=4 years

Therefore, Revised depreciation for 2021=$12,000/4

Revised depreciation for 2021=$3,000

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

Debit Credit

Depreciation Expense $3,000

Accumulated Depreciation $3,000

3 0

3 years ago

What do researchers mean by "secondary data"?

Nadusha1986 [10]

Answer:

A.

Explanation:

Your answer should be A.

I hope it helps! Have a great day!

bren~

4 0

2 years ago

Read 2 more answers

Starbucks elected to pay higher prices to coffee growers who meet a list of quality standards that impact social, environmental,

suter [353]

Answer:

c. Financial performance

Explanation:

Financial performance -

It is the type of measurement method , where the better he firm can get revenue from the primary mode of business gets a better performance , is referred to as financial performance.

Financial performance of a company also give information about the financial health of the company.

Hence, from the given scenario of the question,

The correct term is c. Financial performance .

3 0

4 years ago

A(n) ________ may occur if a major shareholder desires to sell a large number of shares but the market for the shares is not suf

Naddika [18.5K]

Answer:

Targeted Repurchase

Explanation:

According to my research on the Stock Market, I can say that based on the information provided within the question this situation can cause a Targeted Repurchase to occur. This is when the target firm purchases back its own stock from a hostile bidder, usually at a much higher price than what is currently offered as market value.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0

3 years ago

Your product fails about 2% of the time, on average. Some customers purchase the extended warranty you offer in which you will r

aalyn [17]

Answer:

1) adverse selection will lead those who are more reckless to purchase the warranty

2) moral hazard will lead those who purchase to be more reckless

Explanation:

Adverse selection might be a factor if more people bought the goods that were at a more higher risk to abuse the product compared to the customer who is at low risk to misuse the product. Change in behavior called moral hazard could happen after the customer buys the insurance. This moral hazard could happen if the customers who buys the insurance tend to be careless in using the product. This could cause the fail rate to increase, and might make the company to replacing more units.

7 0

3 years ago