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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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"Code Adam"

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5 0
3 years ago
Assume the probability of a pessimistic, most likely and optimistic state of nature is .25, .45 and .30, and the returns associa
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Answer:

E) none of the above

12.70% and 2.49% standard deviation

Explanation:

We multiply probability by the outcome to get the weighted amount, we add them and get the expected return.

probability outcome weighted

0.25          0.10   0.0250

0.45          0.12   0.0540

0.30          0.16   0.0480

expected return  0.1270

Now that we got the expected return at 12.7%

We now subtract the possible outcome with the expected return and square them:

(0.127-0.1)^2

(0.127-0.12)^2

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