All categories

4 years ago

Genesee Organics has just bought a new packing machine for its warehouse.

Business

1 answer:

Tcecarenko [31]4 years ago

5 0

Answer:

CCA for year 2 is $164,062.50

Explanation:

Total cost of machine = $750,000

CCA rate = 25%

CCA in year 1 = (Total cost / 2) * CCA rate

CCA in year 1 = ($750,000/2)*0.25

CCA in year 1 = $93,750

For year 2, CCA = (Total cost - CCA in year 1) *CCA rate

For year 2, CCA = ($750,000 - $93,750)*0.25

For year 2, CCA = $164,062.50

Hence, CCA for year 2 is $164,062.50

You might be interested in

Recruitment and retaining helpelrs, distance, cost and confidentiality are

svetlana [45]

<span>Recruitment and retaining helpers, distance, cost and confidentiality are the challenges faced in order to service provisions that are located in rural areas. Rural areas are located so far from supplies and major services that it is quite difficult to keep thing sworking in those ares.</span>

8 0

4 years ago

If a purely competitive firm is currently facing a situation where the price of its product is lower than the average variable c

Daniel [21]

Answer: B) the firm will shut down in the short run, but stay in the industry in the long run if it expects the product price to rise high enough soon.

Explanation:

If a purely competitive firm is currently facing a situation where the price of its product is lower than the average variable cost, but it believes that the market demand for its product will increase soon, then the firm will shut down in the short run, but stay in the industry in the long run if it expects the product price to rise high enough soon.

7 0

3 years ago

Read 2 more answers

Real estate is a great investment for everyone, particularly since the money is more liquid than common stocks. true or false

Musya8 [376]

<span>this assumption is false. Liquidity of money refers to the ease with which the owner of an asset can convert it into cash. it is easier to convert common stocks into cash rather than attempt to raise cash from sale or mortgage of real estate assets.</span>

4 0

3 years ago

Read 2 more answers

Why do many people think the revision stage is the hardest

Alexxandr [17]

Answer:

The revision stage is a step within the writing process. In this stage, the author will review, change or make alterations to their writing. Due to editing a draft, it can sometimes be hard to make changes as you see fit if they aren't major changes that the author can visually see to correct. Sometimes the author gets stuck in making too many or too little changes to their writing.

Explanation:

4 0

3 years ago

Read 2 more answers

Kraco Corporation reported 2010 set income of $450,000, includang the effects of deprecaation expense of $60,000, and amortizati

sergij07 [2.7K]

Answer:

d. 520,000

Explanation:

The computation of the cash flow from operating activities using the indirect method is shown below:

cash flows from operating activities

Net income reported $450,000

Add: depreciation expenses $60,000

Add: Amortization expenses $10,000

Net cash flow provided by operating activity is $520,000

We simply added the above three items so that the correct amount could come

3 0

4 years ago