1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Congratulations! Your portfolio returned 17.5​% last​ year, 2.2​% better than the market return of 15.3​%. Your portfolio had a
Zinaida [17]

Answer:

0.681 and better

Explanation:

The formula to compute the Sharpe measure is shown below:

Sharpe ratio = (Portfolio return − Risk-free rate) ÷ (Standard deviation of portfolio return )

= (17.5% - 3.2%) ÷ (21%)

= 0.681

Simply we deduct the risk free return from the portfolio return and divide it by the standard deviation of portfolio return

And the market Sharpe measure would be 0.31 and ours Sharpe measure would be 0.681 which reflect the better

8 0
3 years ago
Cargo, such as trucks, that cannot be containerized because it is too large and won't fit in a traditional container or because
uranmaximum [27]

Answer:

C.  breakbulk cargo

Explanation:

Based on the information provided within the question it can be said that this type of cargo is called breakbulk cargo. Like mentioned in the question, this type simply refers to general cargo that does not fit into traditional shipping containers or cargo bins, or exceeds the weight maximum for containers and must be shipped separately. Such cargo can include oversized vehicles, boats, cranes, turbine blades, ship propellers, generators, or even large engines.

7 0
2 years ago
Read 2 more answers
Which of the following are reported on the income statement as part of cost of goods? a.administrative expenses b.operating expe
kenny6666 [7]

Answer:

Cost of goods manufactured

Explanation:

Cost of goods manufactured are reported on the face of income statement because it's a critical factor in arriving at the profit or loss position at the end of a period. Cost of goods manufactured takes cognizance of the material costs, labour and overhead costs involved in production. This determines the overall financial status of a company, and allow a decision maker to know if the business is doing good or not.

4 0
2 years ago
Cual es la altura del edificio sis e conocen los datos que se muestran en la figura<br>​
erastova [34]

Answer:

Falta que pongas la foto

4 0
3 years ago
Which of the following describes the substitution effect of a price change?A) The change in demand that results from a change in
Liula [17]

Answer:

The answer is D. The change in quantity demanded of a good that results from a change in price, making the good more or less expensive relative to other goods, holding constant the effect of the price change on consumer purchasing power

Explanation:

Substitution effect is a concept in which, as the price of a good or service increases, less of the good or service is substituted for other less expensive.

For example, if the price of Pepsi were to rise, the substitution effect would cause the consumer to buy less of it and substitute more coca-cola for now relatively more expensive Pepsi.

Option A. is wrong because we are talking about the quantity demanded and not just demand. (Please take note).

6 0
3 years ago
Other questions:
  • Rachel Watts owns a chain of office supply stores. Over the past three years, Rachel has significantly increased her sales throu
    11·1 answer
  • What is foreign portfolio investment?
    14·2 answers
  • A(n) _____ is defined as a small number of people with complementary skills who hold themselves mutually accountable for pursuin
    9·1 answer
  • What happens to if the price of is expected to increase in the near future?
    11·1 answer
  • The commissioners for Walker County are actively negotiating with Falcon Industries regarding the location of a new manufacturin
    7·1 answer
  • Oscar’s Red Carpet Store maintains a checking account with Academy Bank. Oscar’s sells carpet each day but makes bank deposits o
    5·1 answer
  • Pettygrove Company had 1,800,000 shares of $10 par value common stock outstanding. The amount of additional paid-in capital is $
    11·1 answer
  • Think through all the assets you own. What would you say is your approximate “net worth” if you were a business? Calculate this
    14·1 answer
  • The phrase gains from trade refers to the: increase in total output that is realized when individuals specialize in particular t
    11·1 answer
  • What effect will the sale of treasury stock have on stockholders' equity and earnings per share, respectively?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!