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aivan3 [116]
3 years ago
15

XYZ, Inc. purchased an office building on October 1, 2020, that was put on the books at $800,000. The building is expected to be

used for 35 years and at the end of the 35 years will be sold for an estimated selling price of $100,000. XYZ closes its books at the end of every calendar year. XYZ, Inc. uses the straight-line method of depreciation. Based on this information, which of the following is correct?
a. Depreciation Expense at 12/31/20 is $20,000.
b. Accumulated Depreciation at 12/31/20 is $20,000
c. Depreciation Expense at 12/31/2021 is $5,000
d. Accumulated Depreciation at 12/31/21 is $25,000
Business
1 answer:
Alika [10]3 years ago
4 0

Answer:

d. Accumulated Depreciation at 12/31/21 is $25,000

Explanation:

Depreciable amount = $800,000 - $100,000 = $700,000

Annual depreciation expenses = $700,000 / 35 = $20,000

Depreciation expenses for 2020 (3 months i.e. Oct. 1 - Dec. 31) = $20,000 * (3 / 12) = $5,000.

Accumulated depreciation at 12/31/21 = Depreciation for 2020 + 2021 annual depreciation expenses = $5,000 + $20,000 + $25,000.

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Item11 2 points Time Remaining 1 hour 57 minutes 8 seconds01:57:08 Item 11 Time Remaining 1 hour 57 minutes 8 seconds01:57:08 An
Zanzabum

Answer: Bonds do not affect owner control.

Explanation:

Bonds are simply refered to as the units of corporate debts which are being issued by companies. It is a fixed income instrument and its advantage is that the bonds do not affect owner control.

Bonds can also bring about a rise in the return on equity. Therefore, the correct option is A.

3 0
3 years ago
If A, B, and C are three activities connected with SS and FF (combination) relationships with 2-day lag on the SS relationships
damaskus [11]

Answer:

22 days

Explanation:

number of activities : 3 ( A,B,C)

connected via : SS and FF combination.  days lag on SS and F = 2

Durations : 5,10 and 3

A and B is connected by SS and there is a 2-day lag on the SS connection, this means that B will start 2 days after A have ended

i.e when T = 0 , B will start : 5 +2 = 7 days and end in 17 days

while B and C is connected by FF and there is also a 2-day lag on the FF connection, this means that C will start after B has ended and end in 2 days

i.e when B ends at 17 days ; C starts = 17 + 2 = 19 DAYS

hence the project will end in 19 + 3 = 22 days ( i.e when C ends )

7 0
3 years ago
At an output level of 76,000 units, you calculate that the degree of operating leverage is 3.3. The output rises to 81,000 units
Diano4ka-milaya [45]

Answer:

21.71%

Explanation:

We know that

Degree of operating leverage = Change in operating cash flow  ÷ Change in the output level

3.3 = Change in operating cash flow  ÷ 0.065789

So, the percentage change in OCF = 3.3 × 0.065789

                                                           = 21.71%

The Change in the output level is computed below

= (Increased output - normal output level) ÷ normal output level

= (81,000 units - 76,000 units) ÷ 76,000 units

= 5,000 units ÷ 76,000 units

= 0.065789

3 0
4 years ago
Define each of the following terms:
kaheart [24]

Answer: See explanation

Explanation:

Contraction: Contraction, is a phase of the business cycle that simply occurs gene there's decline in the economy. At this phase, the demand for goods and services reduces and there's decline in growth.

Business cycle: The business cycle shows the movement of the GDP which can either be upward or downward. It shows how the economy's doing.

Trough: The trough is a phase in the business cycle whereby the gross domestic product for a particular economy has stopped reducing and the economy has started to rise.

Disposable income: This is the income that is left with an individual after personal income tax has been removed from the personal income of such individual.

Net domestic product: Net domestic product is when depreciation is subtracted from the gross domestic product.

3 0
3 years ago
6. Which of the following does NOT characterize a command economy?*
Nina [5.8K]
The answer is A. The presence of competition.

This is because within a command economy the government is the only supplier that supplies what the citizens need and because the government is the only supplier then there would be no one to compete against.
3 0
3 years ago
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