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
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.

You might be interested in
Bed & Bath, a retailing company, has two departments, Hardware and Linens. The company's most recent monthly contribution fo
Dafna1 [17]

For this problem, we are required to calculate the net operating income.

In order to answer the question, we will first calculate the impact of the changes on the Hardware department. Then we will add the remaining fixed costs that are currently charged to Linens that will continue.

To calculate net operating income, subtract operating expenses from the revenue generated by a property. Revenue from real Hardware department estate includes rental income, parking fees, service changes, vending machines, laundry machines, and so on.

Net income, also known as the bottom line, Hardware department indicates a business's profitability. It shows how much profit is left from revenue after accounting for expenses and liabilities. Net income is profit that can be distributed to business owners or shareholders or invested in business growth.

A corporation's positive net income causes an increase in the retained earnings, which is part of stockholders' equity. A net loss will cause a decrease in retained earnings and stockholders' equity.

learn more about Hardware department: brainly.com/question/27803497

#SPJ4

6 0
1 year ago
Bob is hired by Carol to collect outstanding balances owed to her by her customers. However, Bob is not an attorney and cannot f
Sliva [168]

Answer:

A sub-agent

Explanation:

Since Mike who was hired by Bob is licensed to practice law, which would help him file a lawsuit against those who don't pay the outstanding balances owed, he is a sub-agent.

A sub-agent in legal law is someone who performs a fiduciary duty and incurs the same liabilities in regard to his immediate employers, like the sole principal.

4 0
3 years ago
Lidell Inc. budgeted production of 48,000 personal journals in 20Y6. Each journal requires assembly. Assume that three minutes a
mote1985 [20]

Answer:

Direct labor cost= $31,200

Explanation:

Giving the following information:

Production= 48,000 units

Standard time= 3 minutes per unit

Rate= $13 per hour

First, we need to calculate the number of hours required:

The proportion of minuted per hour= 3/60= 0.05

Number of hours= 48,000*0.05= 2,400 hours

Now, the direct labor cost:

Direct labor cost= 2,400*13= $31,200

7 0
3 years ago
What is the median of the following string of values ? 55,18,58,49,8,77,62,26,7,91
Zinaida [17]

The median of all the string numbers would be 52

6 0
3 years ago
Read 2 more answers
What most likely will happen if the pie maker bakes a seventh pie?
Korvikt [17]

Answer:

The marginal cost will most likely increase to $2.00

4 0
3 years ago
Read 2 more answers
Other questions:
  • Increasing the government budgetary surplus or decreasing the deficit is desirable in a period of?
    14·1 answer
  • ____________ is a process of explaining the purposes and methods of the research after a study has been completed.
    8·1 answer
  • Cellular​ Access, Inc., a cellular telephone service provider reported net income of $ 253.8 million for the most recent fiscal
    15·1 answer
  • Trade agreements can cause jobs to go to countries that provide those jobs
    13·1 answer
  • Hodgkiss Mfg., Inc., is currently operating at only 94 percent of fixed asset capacity. Current sales are $840,000. Fixed assets
    13·1 answer
  • A trademark is a device that can take almost any form as long as it is capable of identifying and distinguishing specific produc
    11·1 answer
  • Why do we need to carefully plan the operations of the business?​
    14·1 answer
  • Cost behavior ______. Multiple select question. is the relative proportion of each type of cost in an organization is a detailed
    12·1 answer
  • Select the correct answer from each drop-down menu. when the value of a country’s currency falls, the currency is , so one unit
    8·1 answer
  • Why do economists pay attention to the balance of trade?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!