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Alla [95]
3 years ago
11

On October 2, 2019, Dave acquired and placed into service 5-year business equipment costing $70,000. No other acquisitions were

made during the year. Dave does not apply Sec. 179 expensing or bonus depreciation. The depreciation for this year is?
Business
1 answer:
trasher [3.6K]3 years ago
3 0

Answer:

$3,500

Explanation:

Data provided in the question:

Useful life = 5 years

Cost of the equipment = $70,000

Salvage value = 0

Life elapsed in the year = 3 months    [from October to 31 December ]

Now,

Annual depreciation = [ Cost - Salvage value ] ÷ Useful life

= [ $70,000 - 0 ] ÷ 5

= $14,000 per year

Thus,

the accumulated depreciation for the year i.e for 3 months

= Annual depreciation × Life elapsed

= $14,000 per year × \frac{3}{12} year

= $3,500

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Jane recently accepted a position as an Associate Professor of Management at Central State University. She has found that nearly
Lapatulllka [165]

Answer:

Education Administrators

Explanation:

Education Administrators: It is a position created by education institution for smooth functioning of institution. Education Administrator manage day to day activity, resources, etc of education institution.. This is an important role to check the functioning of institution as they support teaching staff in learning program strategy and improvement of facility for future development and growth of institution. They are the one, who also influence and motivate other employee to work toward goal of institution.

In the given case, Jane recently accepted a position as an Associate Professor of Management at Central State University, where she need approval from school adminstrator for all every administrative decision she makes. Therefore, the university has Education Administrators.

8 0
3 years ago
Some economists suspect that one of the reasons that economies in developing countries grow so slowly is that they do not have w
kramer

This argument makes sense as some economists suspect that one of the reasons that economies in developing countries grow so slowly is that they don't have well-developed financial markets.

Why do economies in developing countries grow slowly?

The financial market is crucial for facilitating the flow of funds from individuals to investors to promote economic efficiency. It is exceedingly expensive and challenging to establish efficient financial markets in underdeveloped markets in emerging countries, which hurts economic growth.

What causes a country to grow faster than another country?
The labor force in nations having access to new technology and/or a wealth of research and development is frequently more productive than in nations without such access. Economic growth accelerates as productivity rises.

Learn more about financial markets: brainly.com/question/16623249

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4 0
1 year ago
Assume there is a fixed exchange rate between the Euro and U.S. dollar. The expected return and standard deviation of return on
drek231 [11]

Answer:

13.50%

Explanation:

From the given information ; we use EXCEL to compute the Dataset given and use it to determine the expected return on what the stock portfolio would be.

Check the attached file below for the solution in Excel Sheet.

8 0
3 years ago
Market equilibrium is defined as the point where _______________ . (Select all that apply.)
Mrrafil [7]
Quantity supplied equals to quantity demanded.
8 0
3 years ago
Read 2 more answers
Coca-Cola acquired its bottlers and created a national vertically integrated business operation in 2010. After spending 12.3 bil
KiRa [710]

Coca-Cola acquired its bottlers and created a national vertically integrated business operation in 2010. After spending 12.3 billion USD to acquire Coca-Cola Enterprises, its largest bottling partner, it reversed course in 2015 and sold off all its bottling operations. This is an example of a <u>failed diversification effort</u>.

<u>Explanation</u>:

Diversification efforts are taken by the organizations to achieve desired outcomes but sometimes they fail in it. The following are the reason for failure of diversification effort:

- failing to integrate acquisitions

- unable to understand how the acquired organization’s assets would fit with their own lines of business

- paying high premium for the target's common stock

- not acting in best interest of shareholders

The diversification strategy is adopted by many organizations to develop its business. In the above scenario, Coca-Cola Enterprises adopted diversification effort but failed in it.

8 0
3 years ago
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