1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
balu736 [363]
4 years ago
11

A machine with a cost of $65,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours. Wha

t is the amount of depreciation for the second year, using the double declining-balance method?
a. $16,250
b. $32,500
c. $15,000
d. $30,000
Business
1 answer:
forsale [732]4 years ago
3 0

Answer:

The correct answer is C.

Explanation:

Giving the following information:

A machine with a cost of $65,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours.

To calculate the depreciation expense for each year, we need to use the following formula:

Annual depreciation= 2*[(book value)/estimated life (years)]

Year1= [(65,000 - 5,000)/4]*2= $30,000

Year2= [(60,000 - 30,000)/4]*2= $15,000

You might be interested in
Which of the following institutional structures promote and sustain modern economic growth? Multiple select question. Patents an
Law Incorporation [45]

Answer:

47

Explanation:

40?

6 0
2 years ago
A new customer wishes to open an account at your firm by purchasing $5,000 of DEF mutual fund shares. He informs you that he has
Molodets [167]

Answer:

C. he qualifies for a breakpoint sales charge reduction on the $5,000 purchase

Explanation:

5 0
3 years ago
Decision support systems ____.a.might support a decision maker in only one or two of the problem-solving phases support optimiza
____ [38]

Answer:

all of the above

Explanation:

<u>Decision support systems</u> is a computer system that uses information systems. <em>The main objective</em> of this program is to assist in organizational decision making. To be enabled for this function, the system operates using a large amount of data, which converts information and compiles the most relevant information to provide existing alternatives that assist the effective decision making process.

4 0
3 years ago
The clinic manager believes that your clinic team works well together. Which of the following facts would best support your beli
Effectus [21]

Answer:

C. The team routinely takes a moment to discuss the plan and voice concerns before doing a procedure.

Explanation:

In this matter, the fact that would best support the clinic manager's belief that his clinical team works well together, would be the letter c, because an effective team work requires joint planning of the work team on the best practices of executing a procedure, therefore it is ideal that the team is integrated and able to express their opinions and discuss the most effective plan so that the work is carried out more effectively.

7 0
4 years ago
Read 2 more answers
What rule is important to remember when evaluating risk and return? The higher the risk, the higher the potential return. The hi
andrew-mc [135]

Answer: The higher the risk, the higher the return.

Returns from an investment refers to the gains or losses over a specified period, and is quoted as percentage.  

Risk refers to the possibility or the chance that the actual return that is earned is greater than or less than the return expected by the investor. Thus, uncertainty is another name for risk.  

If the returns from an investment are certain, the risk involved is low. When risk is low, the returns are also low. For e.g. the return from a T-bill is low because the risk of default is zero, since the government can print money to fund its debt.  

The higher the level of risk involved, the greater the potential for a higher return.  

5 0
4 years ago
Read 2 more answers
Other questions:
  • Champion manufactures winter fleece jackets for sale in the United States. Demand for jackets during the season is normally dist
    7·1 answer
  • This chart shows the link between
    11·2 answers
  • Despite experiences of discrimination early on, Italians, Irish, and eastern European immigrants were incorporated into thecateg
    9·1 answer
  • Which british entrepreneur cofounded the de beers mining company and used his power to increase british control of african terri
    11·1 answer
  • Describe the administrative, bureaucratic, and/or cultural developments that aided the Chinese and Romans in building their resp
    14·1 answer
  • A buyer has decided to offer $335,000 for a home that she really likes. The bank will loan her 80% of the purchase price for 30
    9·1 answer
  • During a period, an RV company purchased three vehicles for $33,000, $46,000, and $24,000, and sold two of them for $125,000. Us
    11·1 answer
  • A. Net income was $471,000.
    10·1 answer
  • A manufacturing division has an average assets of $1,800,000 and income of $720,000. The division's return on investment is
    11·1 answer
  • one danger of starting a proprietorship is that you may be exposed to personal liability if the business goes bankrupt. this pro
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!