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lapo4ka [179]
3 years ago
15

Fathom Company acquired a $50,000 machine on January 1, 2018. The machine is estimated to have a useful life of 5 years, and a r

esidual value of $5,000. For units-of-production depreciation purposes, the machine is expected to produce 500,000 units. If Fathom Company uses double-declining-balance depreciation, what is the depreciation expense in 2019
Business
1 answer:
MA_775_DIABLO [31]3 years ago
8 0

Answer:

$12,000

Explanation:

The double-declining method records a higher depreciable amount in the first years of asset life. It uses double the rate used in the straight-line method.

Using the double-declining method, the depreciation rate for Fathom will be  40 % ({1/5 x100 } )

first-year depreciation- 2018

=40/100 x $50,000

=0.4 x 50,000

=$20,000

Book value= $50,000- $20,000= $30,000

Second-year depreciation- 2019

= 40 % x 30,000

=0.4 x $30,000

=$12,000

By using the double-declining-balance depreciation amount for year two = $12,000

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American energy review reported that 27% of american households burn wood. if a random sample of 500 american households is sele
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This is binomial distribution problem. <span>
We are given that:</span>

n = sample size = 500

p = proportion which burns wood = 0.27,

q = proportion which does not burn wood = 1-p = 0.73 

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A. Mean is calculated as:</span>

Mean = n*p

Mean = 500 * 0.27

Mean = 135 

<span>
B. Variance is calculated as:</span>

Variance = n*p*q

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Variance = 98.55 

<span>
C. Standard deviation is calculated as:</span>

Standard deviation = sqrt(variance)

Standard deviation = sqrt(98.55)

<span>Standard deviation = 9.93</span>

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3 years ago
Why would you want to create a bar graph from a budget spreadsheet?
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B. To see where most of your money is going

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4 years ago
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Production-based accounting is used to estimate gdp by​ ____________.
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B.
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D.
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ACME Inc. has decided on a 10for1 reverse stock split. If the firm currently has​ 40,000,000 shares​ outstanding, how many share
kondor19780726 [428]

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