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OleMash [197]
2 years ago
7

Swifty Corporation purchased a machine for $66000 on July 1, 2020. The company intends to depreciate it over 8 years using the d

ouble-declining balance method. Salvage value is $5100. Depreciation for 2020 to the closest dollar is
Business
1 answer:
Lostsunrise [7]2 years ago
3 0

Answer:

Depreciation expense= $7,612.5

Explanation:

Giving the following information:

Purchase price= $66,000

Salvage value= $5,100

Useful life= 8 years

<u>First, we need to determine the depreciation expense for the whole year. We will use the following formula:</u>

<u></u>

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

Annual depreciation= 2*[(66,000 - 5,100) / 8]

Annual depreciation= $15,225

<u>For 2020:</u>

Depreciation expense= (15,225/12)*6= $7,612.5

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The fact that a family would spend a lot more time researching the market before buying a new car than it would in the decision
lana66690 [7]

Answer: perceived benefits versus perceived costs of search

Explanation:

The fact the family takes more time in that which is more valuable shows that it follows the concept of perceived benefits versus perceived costs of search. The car is of greater value than the kitchen appliance hence the carefulness for it's selection.

8 0
3 years ago
Athlon Company acquired 30 percent of the common stock of Opteron Corporation, at underlying book value. For the same year, Opte
MatroZZZ [7]

Answer:

$16,500

Explanation:

The computation of increase in investment is shown below:-

Here, if the investor holds 20% or more but less than 50% shares than the dividend paid and income earned by the investee are reported.

Increase in investment = Shares of net income - Share of dividends

= $55,000 × 30% - $0 (Dividend is not paid)

= $16,500

Therefore for computing the increase in investment under equity method we simply applied the above formula.

8 0
3 years ago
Which of the following statements is CORRECT?
vovikov84 [41]

Answer:

Suppose a firm has been losing money and thus is not paying taxes, and this situation is expected to persist into the foreseeable future. In this case, the firm’s before-tax and after-tax costs of debt for purposes of calculating the WACC will both be equal to the interest rate on the firm’s currently outstanding debt, provided that debt was issued during the past 5 years.

5 0
3 years ago
Complements are products or services that have a potential impact on the _________ of the products or services of that company.
oksano4ka [1.4K]

Answer:

Value

Explanation:

Hope this helps :)

3 0
3 years ago
Data pertaining to a company's joint production for the current period follows: L M Quantities produced 200 lbs. 150 lbs. Market
Lelechka [254]

Answer:

Joint cost value based = $396

Explanation:

Given:

Company                            L                M

Quantities produced     200 lbs       150 lbs

Market value                  $8/lb            $16/lb

Total joint cost = $660

Computation:

Market value of L = 200 lbs × $8/lbs

Market value of L = $1,600

Market value of M = 150 lbs × $16/lbs

Market value of M = $2,400

Total market value = Market value of L + Market value of M

Total market value = $1,600 + $2,400

Total market value = $4,000

Joint cost value based = $660 × ($2,400 / $4,000)

Joint cost value based = $396

4 0
3 years ago
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