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d1i1m1o1n [39]
3 years ago
5

On January 1, year 1, Mark Corp. purchases equipment for $300,000. The equipment has a 10-year life and a $50,000 residual value

. Mark uses the double-declining-balance method of depreciation. What is depreciation expense for year 1?
Business
1 answer:
Anika [276]3 years ago
4 0

Answer:

$60,000

Explanation:

Given:

Purchase Price = $300,000

Estimated Life = 10 Year

Residual Value = $50,000

Method = Double-Declining-balance

Computation:

Rate of Depreciation = [(Price - Residual value) / Estimated year] / (Price - Residual value)

= [($300,000 - $50,000) / 10] / ($300,000 - $50,000)

= $25,000 / $250,000

= 0.1 or 10%

Under Double-Declining-balance rate = 10% x 2 = 20%

Depreciation = Purchase price x deprecation rate

                      = $300,000 x 20%

                      = $60,000

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Answer:

C. The Robinson–Patman Act of 1936

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The Robinson-Patman Act of 1936 is an amendment to The Clayton Act of 1914, which particularly prohibits price discrimination. Price Discrimination is an act in which distributors or sellers of certain goods, give discounts to people who they seem to benefit more from while smaller shops buy the goods at a costlier price.

The instance where the major tire manufacturer has an agreement to make a price discount with the manufacturer of truck tires is an example of price discrimination, and the consequence is that other markets are affected as they now exit the market. This is a clear contravention of the Robinson-Patman Act of 1936.

6 0
3 years ago
: An item has a price tag of $35 and another tag that says, "20% Off." What is the sale price?
Lynna [10]
So 20 percent of 35 is 7.

Look at it this way:
20%
20*5=100

35 divided by 5 is 7.

So the sale price we would take7 from 35 to get 28.00 which is your answer.

Ps don't do it the way i did because i already knew the answer,and the way i worked it out worked this one time but there are no gaurentees for the next.

You must be wondering why we subtracted that 7 from 35 and why 7 isn't the full answer. Well, 7 was the factor, basically every 20 percent you would subtract 7. So if it were 40% off it would be 14. Or 60 percent would be 21. You subtract that number from the original price to get the sale which in this case is 28.00

Your answer: 28.00

Hope this helped!:)
4 0
3 years ago
You can deliver more dishes with hand service than you can with tray service<br><br> True or false?
alisha [4.7K]
False....................
4 0
3 years ago
Read 2 more answers
True or false: While taxpayers benefit from government-provided programs and services, such as national defense and law enforcem
polet [3.4K]

Answer:

True

Explanation:

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4 0
3 years ago
The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.8 hours
Sloan [31]

Answer:

the labor efficiency variance for the month is $23,256 Favorable.

Explanation:

Labor efficiency variance = (Aq × SP) - (Sq × Sp)

                                          =  (7,600 × $13.60) - ((950 × 9.8) × $13.60)

                                          =  (7,600 × $13.60) - (9.310 × $13.60)

                                          = $23,256 Favorable

4 0
4 years ago
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