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solniwko [45]
3 years ago
9

On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. The truck was expected to have a four useful

life and an $8,000 salvage value. If Marino uses the straight-line method, the amount of depreciation expense recognized on the Year 2 income statement is:
Business
1 answer:
Ymorist [56]3 years ago
3 0

Answer:

$10,000

Explanation:

Depreciation is charged to every asset based on the life and usage of such asset.

Straight line depreciation method charges equivalent depreciation each year of the useful life of the asset.

Here, as provided straight line depreciation = \frac{Cost\ of\ asset\ - Salvage\ value}{Life\ of\ asset}

Here, cost of asset = $48,000

Salvage value = $8,000

Thus, numerator in fraction = $48,000 - $8,000 = $40,000

Useful life of the asset = 4 years

Therefore, depreciation expense for each year = \frac{40,000}{4\ years} = 10,000

It will be same for each year, therefore, depreciation expense for year 2 = $10,000

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​Morgan, a​ widow, recently passed away. The value of her assets at the time of death was ​$9 comma 647 comma 000. The cost of h
Bezzdna [24]

Answer:

Check the explanation

Explanation:

          Particulars                                                  Amount in $

A.  Gross Estate                                                      8600000

Less: deductions (funeral & administrative tax)    70000

B.  Taxable estate                                                   8530000

 

c.  Gift-Adjustable Taxable estate value:  

       Taxable estate                                                 8530000

Charities will be deucted from tax calculation      1000000

         gift-adjusted taxable estate value                  7530000

D.  estate would be subject to tax                         7530000

E.  estate tax liability Calculated below                 876000

 

For estate more than 53400000 tax will be charged at 40%  

So, same is 40% of excess on                       53400000  

Taxable estate before threshold after deducting 53400000 from estate that would be subject to Tax  2190000

Tax at 40% of excess value                           876000

 

8 0
3 years ago
Read 2 more answers
Direct Labor Variances Advanced Micro Devices develops high-performing computing products. Assume one of its processors, Ryzen 7
Butoxors [25]

Answer and Explanation:

The computation is shown below:

a. The labor rate variance is

= (standard rate - actual rate) × actual labor hours

= ($20 - $19.50) × 64,000

= $32,000 favorable

b. The labor efficiency variance is

= (standard hours - actual hours) × standard rate

= (62,500 - 64,000) × $20

= -$30,000 unfavorable

c. the total flexible budget variance is

= standard cost - actual cost

= ($1,250,000 - $1,248,000)

= $2,000 favorable

7 0
3 years ago
If a supply chain manager can reduce inventory while keeping the flow rate constant, what does little's law predict will happen
ozzi

If a supply chain manager can reduce inventory while keeping the flow rate constant, little's law predicts flow time will go down.

Little's Law is a theorem that calculates the average number of items in a stationary queuing system based on an item's average waiting time and the average number of items arriving at the system per unit of time.

The law establishes a straightforward and obvious method for evaluating the efficiency of queuing systems.

The notion is extremely important for business operations since it states that the number of items in the queuing system is determined primarily by two essential variables and is unaffected by other factors such as service distribution or service order.

Hence, the answer is that the flow time will go down.

Learn more about supply chain:

brainly.com/question/25160870

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7 0
1 year ago
According to Brynjolfsson and McAfee (2014), Tyler Cowen think that information and communication technology is not a general pu
Elena L [17]

Answer:

False

Explanation:

According to these philosophers, these integrated systems have lowered the cost of the products and this lower cost has enabled companies to quote lower prices to win greater revenues from increased number of sales.

8 0
3 years ago
Fiona is a manager who believes in Theory Y of leadership. What does she assume about her employees according to this theory? A.
icang [17]

Answer:

A. she assumes that the employees are lazy and just throw in some random ideas when they have discussion meetings about their new product/service or an upgrade of the organisation's product/service. therefore since she assumes that they don't actually think to help give ideas, she decides that it is best to scold them when they aren't trying their best.

B. she assumes that her employees are responsible enough to find a way to keep themselves entertained while finishing their tasks.

C. she dosent trust her employees yet to let them take control without her being needed since she may assume that they aren't experienced enough or responsible enough to take huge responsibility yet.

D. she assumes that since they want to leave early all the time, they may not like their job very much and would want to get out of the company as soon as possible since there would be a chance that they would be stopped to help with extra work.

8 0
2 years ago
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