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lesantik [10]
3 years ago
13

Culver Corporation purchased machinery on January 1, 2022, at a cost of $288,000. The estimated useful life of the machinery is

4 years, with an estimated salvage value at the end of that period of $33,800. The company is considering different depreciation met Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate.

Business
1 answer:
Katarina [22]3 years ago
6 0

Answer:

Please Kindly check the attach picture, the full working is there.

Explanation:

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Phoenix Agency leases office space for $7,000 per month. On January 3, Phoenix incurs $65,000 to improve the leased office space
Daniel [21]

Answer:

correct option is $13,000

Explanation:

given data

leases office = $7,000 per month

Phoenix incurs = $65,000

yield benefits = 8 years

remaining on its lease = 5 years

solution

we know that The cost of leasehold improvement is depreciate whichever is less    

(a)  Remaining Lease Term      

(b) estimated useful life of improvement

so Annual depreciation of Leasehold Improvement will be here

Annual depreciation of Leasehold Improvement = \frac{65000}{5}

Annual depreciation of Leasehold Improvement = $13,000

so correct option is $13,000

4 0
3 years ago
Evaluate how a change in consumer incomes will affect the demand
dalvyx [7]

Answer:

They will be less likely to rent an apartment and more likely to own a home. A product whose demand falls when income rises, and vice versa, is called an inferior good. In other words, when income increases, the demand curve shifts to the left.

For normal economic goods, when real consumer income rises, consumers will demand a greater quantity of goods for purchase. ... When nominal income increases without any change to prices, this means consumers can purchase more goods at the same price, and for most goods, consumers will demand more.

Explanation:

8 0
2 years ago
An incumbent monopolist producing more output than necessary might be able to keep potential rivals from entering
wariber [46]
The answer will indeed be A
5 0
3 years ago
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A new accountant working for Metcalf Company records $800 Depreciation Expense on store equipment as follows:
Snowcat [4.5K]

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5 0
3 years ago
Develop a checklist "report card" that camp counselors can fill out about each dog's camp experience
Alex787 [66]

Answer:

A <em>report card</em> is a common assessment document handed out to individuals that have finished a course or any kind of activity (not necessarily educational). It consists of evaluation statements that can be checked if positive. Also, it can come in the grade form, which is common for school.

Dog camp checklist report card

<u>Obedience skills</u>

Manages to complete tasks set by the camp counselor.                       Check

Attention is focused when group activities take place.                          Check

Does not show aggression towards counselors.                                    Check

<u>Physical skills</u>

Shows enthusiasm and outgoing attitude towards physical activities. Check

Does not avoid physical activity when prompted.                                  Check

Manages to persevere in intense activities.                                            Check

<u>Social skills</u>

Keeps friendly contact with other dogs and counselors.                      Check

Participates in most group activities without resistance.                       Check

Training and learning new skills goes well.                                            Check

5 0
3 years ago
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