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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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Adam Smith used the “invisible hand” as a metaphor for the forces that balance a free market. What might be a good metaphor for
7nadin3 [17]
In economics, the invisible hand<span> is a </span>metaphor used<span> by </span>Adam Smith<span> to describe ... Smith </span>may<span> have come up with the two meanings of the phrase from Richard Cantillon ... In this </span>work<span>, however, the idea of the </span>market<span> is not discussed, and the word ... In alternative models, </span>forces<span> which were nascent during Smith's life, such as ... and ....</span>
5 0
2 years ago
Ticker Services began operations in 2015 and maintains long-term investments in available-for-sale securities. The year-end cost
Inessa05 [86]

Answer:

1.

Dec. 31, year 1

Dr Fair value adjustment – AFS (LT) 11,140

Cr Unrealized gain – Equity 11,140

2.

Dec. 31, year 2

Dr Fair value adjustment – AFS (LT) 16,160

Cr Unrealized gain – Equity 16,160

3

Dec. 31, year 3

Dr Fair value adjustment – AFS (LT) 73,000

Cr Unrealized gain – Equity 73,000

4.

Dec. 31, year 4

Dr Unrealized loss – Equity 3,600

Cr Fair value adjustment – AFS (LT) 3,600

Explanation:

General journal for Ticker Services

1.

Dec. 31, year 1

Dr Fair value adjustment – AFS (LT) 11,140

Cr Unrealized gain – Equity 11,140

($372,000 $360,860)

2.

Dec. 31, year 2

Dr Fair value adjustment – AFS (LT) 16,160

Cr Unrealized gain – Equity 16,160

(455,800-428,500) -11,140

3.

Dec. 31, year 3

Dr Fair value adjustment – AFS (LT) 73,000

Cr Unrealized gain – Equity 73,000

(700,500-600,200)-(455,800-428,500)

100,300-27,300=73,000

4.

Dec. 31, year 4

Dr Unrealized loss – Equity 3,600

Cr Fair value adjustment – AFS (LT) 3,600

(700,500-600,200) -(876,900 -780,200)

100,300-96,700

3,600

5 0
2 years ago
Wind Productions uses flexible budgets. Items from the budget for March in which 3,000 units were produced and sold appear below
ladessa [460]

Answer:

$40,000

Explanation:

For computing the total variable cost, first we have to determine the variable cost per unit which is shown below:

= (Direct materials cost + Indirect materials - variable + Direct labor cost) ÷ (number of units produced and sold)

= ($18,000 + $2,000 + $10,000) ÷ (3,000 units)

= ($30,000) ÷ (3,000 units)

= $10 per unit

Now the total variable cost would be

= $4,000 units × $10 per unit

= $40,000

5 0
3 years ago
Bond A has a 9% annual coupon, while Bond B has a 7% annual coupon. Both bonds have the same maturity, a face value of $1,000, a
harina [27]

Answer:

E

Explanation:

Since the annual coupon, that is the discount enjoyed on this service is higher for A than B that is 9% against 7%. Bond A's capital gains yield is greater than Bond B's capital gains yield.

6 0
3 years ago
Read 2 more answers
Hii! I got a question, if a brainly expert or tutor can answer that would be great!
kupik [55]

Answer:

As an Ambitious member, you're climbing your way up the Brainly ranks one great answer at a time! The rank after Expert is Ace! And it just depends on the level you are on. On expert, you have to have 10 Brainlist to get to Ace. Then you have to have 50 Brainlist to reach the level after!

Explanation:

Hope this helped! :)

Have a good day!

5 0
2 years ago
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