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mihalych1998 [28]
3 years ago
15

An automated assembly robot that cost $400,000 has a depreciable life of 5 years with a $100,000 salvage value. The MACRS deprec

iation rates for years 1, 2, and 3 are 20%, 32% and 19.2% respectively. What is the book value at the end of year 6
Business
2 answers:
oksian1 [2.3K]3 years ago
6 0

Answer:

Book Value at end of year 6 = $100,000

Explanation:

An Asset is depreciated to salvage value therefore when depreciation is complete the book value equals salvage value or zero.

Salvage value is an estimated value of what the company expects to earn after using the asset maybe when selling off the asset.

jonny [76]3 years ago
6 0

Answer:

Check the explanation

Explanation:

Year  Depreciation Rate  Depreciation=400000*rate  Book value

1                            20                       80000                      320000

2                            32                        128000                    192000

3                          19.2                       76800                      115200

4                           11.52                     46080                     69120

5                           11.52                      46080                    23040

6                            5.76                    23040                         0

Therefore, the book value at the end of year 6 = 0

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80/20 principle holds that 20 percent of all customers generate 80 percent of the demand. Although the percentages usually are n
Katena32 [7]

Answer: Option (D). Usage-rate segmentation

Explanation: Usage rate segmentation divides consumers according to how much they use a product, They are categorized into groups of non-users, light users, medium users, and heavy product users, and companies often prioritize to make target one heavy user rather than several light users.

4 0
2 years ago
Suppose Jim worked 62 hours during this payroll period and is paid $14.00 per hour. Assume FICA is 6.2%, Medicare is 1.45% and w
lara31 [8.8K]

Answer:

1. $714.798

2. $66.402

3. $141.484

Explanation:

1. Gross pay = 62 hours worked x $14.00 per hour

= $868

Net paycheck = Gross pay - Tax

= 868 - [(868) x (6.2%+1.45%+10%)

= $868 - $153.202

= $714.798

2. Employer's payroll tax expense = (6.2%+1.45%) x 868

= $66.402

3. Jim's employer's total payroll tax liability for the period.

868*6.2% (FICA taxes - Employee) + 868*6.2% (FICA taxes - Employer's share) + 868*1.45% (Medicare taxes - Employee) + 868*1.45% (Medicare taxes - Employer's share) + 868*10% (Withholding tax).

= 53.816 + 53.816 + 12.586 + 12.586 + 8.68

Total = $141.484

5 0
3 years ago
For each of the following scenarios, classify the type of spending (C,I,G,Xn), describe its impact on gross domestic product (in
alexandr402 [8]

Answer:

A. A new airplane purchased by United Parcel Service.

  • Investment (in fixed assets), GDP grows

B. The tuition you pay during your first year of college.

  • Consumption (of services), GDP grows

C. The social security check your grandmother receives.

  • Not included in GDP, social security checks are considered transfer payments.

D. A new purchase of 50,000 shares of Time/Warner stock.

  • Not included in GDP, only IPOs are included in GDP

E. A new pair of tennis shoes made in China and purchased by an American shoe store.

  • Import, GDP decreases since net exports decrease

Explanation:

8 0
3 years ago
West Company borrowed $36,000 on September 1, 2016 from the Valley Bank. West agreed to pay interest annually at the rate of 6%
Illusion [34]

Answer:

$720

Explanation:

Given that,

Principal = $36,000

Rate = 6% per year

Note issued by West carried an 18-month term.

Time period: 1st September to December = 4 Months

Interest expense = Principal × Rate × Time period

= 36,000 × 6% × (4 ÷ 12)

= $720

Therefore, the amount of interest expense appearing on West's 2016 income statement would be $720.

5 0
3 years ago
A tremendous flood along the Mississippi River destroys thousands of factories, reducing the nation's capital stock by 5%. What
motikmotik

Answer:

Both employment and the real wage rate would decrease

Explanation:

Given that the capital stock of a nation or country jas a direct impact on such country in terms of savings and investments which directly translates to additional.economic development.

Hence, in this case, when a tremendous flood along the Mississippi River destroys thousands of factories, reducing the nation's capital stock by 5%. What happens to current employment and the real wage rate is that "Both employment and the real wage rate would decrease"

This because there won't be adequate money available to create more employment. And with lease employment opportunities than the available labor, the real wage rate tends to decrease over time.

4 0
3 years ago
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