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sammy [17]
3 years ago
5

On January 1, 2016 Dinwiddie Company purchased a car that cost $45,000. The car had an expected useful life of 6 years and a $10

,000 salvage value. Based on this information alone _______.A. The total amount of depreciation expense recognized over the six year useful life will be greater under the double declining balance method than the straight-line method.B. The amount of depreciation expense recognized in 2019 would be greater if Dinwiddie depreciates the car under the straight-line method than if the double declining balance method is used.C. At the end of 2018, the amount in accumulated depreciation account will be less if the double declining balance method is used than it would be if the straight-line method is used.D. None of these statements is true.
Business
1 answer:
disa [49]3 years ago
3 0

Answer:

.B. The amount of depreciation expense recognized in 2019 would be greater if Dinwiddie depreciates the car under the straight-line method than if the double declining balance method is used

Explanation:

The double-declining method recognizes higher depreciation amounts in the first years of an asset 's life. The method applies twice the rate of the straight-line method on a declining book value balances.  In the latter years, the depreciation amount will be less because the book value will have declined considerably.

In this case, a useful life of six years attracts a straight-line depreciation rate of 16.6 % (1/6 x 100). the double-declining method will apply a rate of  33.2 %.

The straight-line method applies a constant rate throughout the use-life of an asset. The book value decreases at a constant rate, unlike in double -declining, where the book value decreases rapidly in the early years of the asset.  2019 will be the fourth year in this case. The fourth-year is in the latter stages of a six-year useful life.

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The intended audience for the memo is___________.The tone of the memo should be________.Finally, the purpose of the memo is_____
amid [387]

The intended audience for the memo is <u><em>all company employees</em></u>. The tone of the memo should be <em><u>formal</u></em>. Finally, the purpose of the memo is <u><em>to make sure employees understand and follow the updated dress code</em></u>.

7 0
3 years ago
Susan started a cake decorating business that failed. She is convinced that she lacked the necessary funds to promote her busine
Georgia [21]

Answer: Undercapitalization

Explanation:

Undercapitalization is defined as the situation where a person or entity of any kind does not have sufficient funds or capital to run their business and pay the costs it has. This type of situation usually occurs when the business is not selling the necessary amount of products or services to generate the amount of income necessary to meet all the payments it has.

When an entity or business is undercapitalization, in many cases they have had to take measures such as downsizing, fewer materials to create the product, or ultimately, if none of this works, having to close the business.

4 0
3 years ago
Assume the firms operating in an oligopolistic market experience a relatively small change in marginal costs. According to the k
leonid [27]

Answer:

B) Leave the equilibrium price unchanged.

Explanation:

Oligopolistic market is the arrangement where few companies offer same product to the customers. There is very less competition in the market so every supplier has fair chance for operating their business successfully. The kinked demand model curve in oligopolistic market would leave the equilibrium price unchanged.

3 0
3 years ago
Johnstone Company is facing several decisions regarding investing and financing activities. Address each decision independently.
kipiarov [429]

Answer and Explanation:

As per the data given in the question,

1)

Cash flow Amount               PV Factor at 10% for 8 annual installments                   Present Value

Installments $4,000                  5.3349                      $21,339.60

Down Payment $27,000           1                                $27,000

Value of equipment                                                    $48,339.60

Refer to the PVIFA factor

2)

Table or calculator function FVAD of $ 1

Future value $570,000

n = 5

i = 7.00%

Divided it by FV factor   6.1533    

Annual Deposit   $92,633.22

Refer to the FVAD table

3)

Table or calculator function PVAD of $ 1

Payment $137,000

n = 20

i = 10.00%

Multiplied by PV factor   9.36492

Liability $1,282,994.04

Refer to the PVAD table

5 0
3 years ago
Wassenaar Arrangement HIPAA PCI DSS FERPA GLBA SOX A. Provides safeguards for credit card transactions B. controls the way finan
Amiraneli [1.4K]

Your question is quite unclear, However it would be inferred you want a match of the functions of the abbreviated organizations.

Explanation:

Wassenaar Arrangement

C. International agreement that controls the export of encryption technologies; in order  to combat terrorism.

HIPIAAB (Health Insurance Portability and Accountability Act).

D. Provides data privacy for safeguarding medical information

PCI DSS (Payment Card Industry Data Security Standard).

A. Provides safeguards for credit card transactions

GLBAD (Gramm-Leach-Bliley Act)

B. controls the way financial institutions deal with private information of individuals.

SOX (Sarbanes-Oxley Act).

F. protects investors from fraudulent accounting activities.

8 0
3 years ago
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