All categories

3 years ago

In the straight line method the yearly percentage of cost lost through accured depreciation is found by

Business

1 answer:

alexandr402 [8]3 years ago

8 0

Answer:

Cost of asset less expected residual value /Expected useful life (years

Explanation:

Where the depreciable amount is charged in equal amounts to each reporting period over the expected useful life of the asset, this method of calculating depreciation is known as straight line method.

The yearly percentage of cost lost through accrued depreciation in straight line method is found by following formula:

Cost of asset less expected residual value /Expected useful life (years)

You might be interested in

At the beginning of the year, Cullumber Company had total assets of $864,000 and total liabilities of $523,000. (Treat each item

Radda [10]

Answer:

a. $583,000

b. $878,000

c. $330,000

Explanation:

In this question, we have to use the accounting equation which is presented below:

Total assets = Total liabilities + stockholder's equity

$864,000 = $523,000 + stockholder's equity

So, the stockholder's equity = $864,000 - $523,000 = $341,000

a. New assets = Old assets + addition

= $864,000 + $156,000

= $1,020,000

New liabilities = Old liabilities - reduction

= $523,000 - $86,000

= $437,000

So, the stockholder's equity = $1,020,000 - $437,000 = $583,000

b. New liabilities = Old liabilities + addition

= $523,000 + $91,000

= $614,000

New equity = Old equity - reduction

= $341,000 - $77,000

= $264,000

So, the total assets = New liabilities + New equity

= $614,000 + $264,000

= $878,000

c. New assets = Old assets - reduction

= $864,000 - $90,000

= $774,000

New equity = Old equity + addition

= $341,000 + $103,000

= $444,000

So, the total liabilities = $774,000 - $444,000 = $330,000

7 0

3 years ago

At a local Bed and Bath Superstore, the manager, Jill Roe, knows her customers will pay no more than $230 for a bedspread. Jill

Amiraneli [1.4K]

Answer:

$164.29

Explanation:

The formula to compute the markup percentage is shown below:

Markup percentage = (Sale price - purchase price) ÷ (purchase price)

where,

Markup percentage is 40%

Sale price is $230

So, the purchase price is

0.40 = ($230 - purchase price) ÷ (purchase price)

0.40 × purchase price = $230 - purchase price

So, the purchase price is

= $230 ÷ 1.40

= $164.29

5 0

3 years ago

Which capability of digital dashboards enables users to have reports that highlight deviations larger than certain thresholds?

vitfil [10]

Answer:

Exception reporting

Explanation:

Which capability of digital dashboards enables users to have reports that highlight deviations larger than certain thresholds?

Drill down

Key performance indicators

Status access

Trend analysis

Exception reporting

Dashboard reporting is a process used to represent key performance indicators and relevant business data in a visual and interactive way and Exception reporting is a method of data analysis that compares an incoming stream of data to an established base set of data and flags items that don't quite match i.e,those instances in which actual performance deviated significantly from expectations and it enables users to have reports that highlight deviations larger than certain thresholds.

3 0

3 years ago

Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets

Mama L [17]

Answer:

$97,920

Explanation:

Budgeted direct material cost per unit $ 12.8

Actual level of activity 7,650

Direct material in the flexible budget $ 97,920

6 0

3 years ago

Identify how planned investment will change in each scenario. Please choose from the given below options.

Ede4ka [16]

Answer:

1. Airwings, a commercial airline manufacturer, becomes optimistic about economic conditions after seeing reports of strong growth in consumer spending. Due to Airwings, planned investment will increase.

2. The Federal Reserve announces an end to accommodative monetary policy, and is now implementing policy tools that will increase the real interest rate. Due to the Fed, planned investment will decrease.

3. In an effort to reduce constant budget deficits, Congress announces plans to increase the corporate income tax rate. Due to the Congress, planned investment will decrease.

Explanation:

1) Due to Airwings, planned investment will increase.

Since the business has a promising future, it will start capacity expansion to cater to consumer demand.

2) Due to the Fed, planned investment will decrease.

A higher real interest rate suggests that borrowing cost is higher for the firms and so that they will lessen the investment in response to that.

3) Due to the Congress, planned investment will decrease.

A lower tax implies that higher profits and firms can pass these benefits to consumers with lower prices, to employees with higher wages and the government with a tax on profit. However, if the rate of the tax itself has been increased then in that case corporate will see higher tax as a dampener in sentiments and they might curtail investment plans.

8 0

3 years ago