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qaws [65]
3 years ago
10

The Upjohn Company purchased new packaging equipment with an estimated useful life of five years. The cost of the equipment was

$55,000, and the salvage value was estimated to be $5,000 at the end of year 5. Compute the annual depreciation expenses over the five-year life of the equipment under each of the following methods of book depreciation:a.Straight-line methodb.Double-declining-balance method
Business
1 answer:
egoroff_w [7]3 years ago
3 0

Answer: a). Straight line method = $10,000. b). Double declining balance method = $20,000.

Explanation: Depreciation is the weat and tear of an asset over the useful life. There are several methods of depreciation. They include; straight line method, double-declining method, units of production method and so on.

Straight line method = (cost - salvage value)/ useful life

= (55000 - 5000)/5 = 50000/5

= $10,000

Double-declining balance method = straight line method × 2

= $10,000 × 2

= $20,000

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True.

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Managerial accounting is for internal use in the business. Data is modified to meet specific need of the end-user. For example a manager may want to see sales figures for a quarter compared to business target. This will give an idea if the business is meeting it's objectives.

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anzhelika [568]

Answer:

(c) pierce the corporate veil due to Sarah's commingling of interests

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How is "Value" assigned to assets
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3 years ago
A negative externality occurs when Question 16 options: the private marginal costs are equal to the social marginal costs. the p
lana66690 [7]

When a negative externality exists, the marginal social cost is always higher than the marginal private cost. So, the correct answer is option A the private marginal costs are less than social marginal costs.

<h3><u>What is a negative externality?</u></h3>

When the manufacturing process has a negative impact on unconnected third parties, this is referred to as a negative production externality. For instance, manufacturing facilities contribute to noise and air pollution throughout the production process.

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You can learn more about negative externality using the following link:

brainly.com/question/13901028

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