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shusha [124]
3 years ago
11

An asset is purchased by a calendar or fiscal year firm for $60,000 on October 1, 1997. The asset has a useful life of four year

s and salvage value of $10,000. Depreciation for 1998 under the double declining balance method is $26,250.1. True2. False
Business
1 answer:
emmasim [6.3K]3 years ago
5 0

Answer:

1. True

Explanation:

The computation of the depreciation for 1998  under the double declining balance method is shown below:

First we have to find the depreciation rate which is

= One ÷ useful life

= 1 ÷ 4

= 25%

Now the rate is double So, 50%

In year 1, the original cost is $60,000, so the depreciation is $7,500 after applying the 50% depreciation rate  and the 3 months

And, in year 2, the depreciation expense is

= ($60,000 - $7,500) × 50%

= $26,250

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C. The termination of the firm's legal existence.

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Gnomes R Us just paid a dividend of $1.90 per share. The company has a dividend payout ratio of 25 percent. If the PE ratio is 1
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Answer:

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Explanation:

Calculation for stock price

First step is to calculate for dividend payout ratio using this formula

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Let plug in the formula

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Answer:

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