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const2013 [10]
2 years ago
9

Which of the following estimates are required when calculating depreciation expense? 1. Depreciation rate 2. Useful life 3. Expe

cted maintenance costs 4. Salvage value
Business
1 answer:
boyakko [2]2 years ago
8 0

Answer:

These are required to calculate a depreciation expense on an asset:

1. Depreciation rate - the speed at which an asset becomes obsolete. Some assets depreciate faster than others, for example cars lose value more rapidly than houses.

2. Useful life - is the amount of time that the asset is expected to provide economic benefits for the firm. In the case of a computer, for example, average useful life is around 3 to 5 years depending on the company.

4. Salvage value - this is the residual value that the asset will have once its useful life has run out. A company needs this value to calculate the depreciable amount (which equals initial value - salvage value).

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Pharoah Company issued $530,000 of 5-year, 5% bonds at 97 on January 1, 2020. The bonds pay interest annually. Your answer is pa
Slav-nsk [51]

Answer:

                                                Dr.             Cr.

Cash                                      $514,100

Discount on bond payable  $15,900

Bond Payable                                       $530,000

Explanation:

Cash is received against the Bond issued is debited due to its debit nature and the bond payable account is credited because it is a liability and its nature is credit.

Cash Received = ( 530,000 / 100 ) x 97 = $514,100

Discount  = (530,000/100) x (100 - 97) = $15,900

4 0
3 years ago
Southwestern Foods Corporation operates a packaging plant near the border between the United States and Mexico. Due to the locat
zavuch27 [327]

Answer: Option D

                           

Explanation: In the given case, southwestern has been displayed as an american organisation . Therefore, it cannot employ any non citizen who do not have proper kind of paper work done that is needed by the authorities of the country.

Hence, the geographic advantages regarding employment does not mean anything in front of the legal formalities and rules that resides in the economic area.

7 0
3 years ago
James is the human resource manager at a large bottle manufacturing company. Ten years ago, when the business moved to its curre
Svetllana [295]

Answer:

departmentalization

Explanation:

Departmentalization is defined as the process of grouping various activities according to departments.

Each department tends to specialise in the assigned activity. This method promotes division of labour where a group of people specialise in one activity.

In the given scenario James is restructuring operations around three product lines to increase speed and effectiveness of decision making.

This is departmentalization with a view of increasing process efficiency

5 0
3 years ago
How people choose among the alternatives available to them is:?
Over [174]
Propone dondthe demos dkkdndi
7 0
3 years ago
All of the following are advantages of having a savings account except
expeople1 [14]

Answer:

Funds held in a savings account are highly liquid

Explanation:

The purpose of a savings account is the assist a customer achieve their saving objectives. A savings account is a secure way of accumulating funds for an intended purpose or keeping money that does not have immediate use.  

Financial institutions that offer savings account limit on withdrawals to help a customer achieve planned saving objective. It means money saved is not accessible at will. Penalties apply should a customer insists on more than the acceptable number of withdrawals.

5 0
2 years ago
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