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tatuchka [14]
3 years ago
15

On January​ 2, 2019, Kornis Corporation acquired equipment for $1,000,000. The estimated life of the equipment is 5 years or 100

,000 hours. The estimated residual value is $20,000.
What is the balance in Accumulated Depreciation on December​ 31, 2019, if Kornis Corporation uses the double−declining−balance method of​ depreciation?
Business
1 answer:
Scrat [10]3 years ago
5 0

Answer:

$392,000

Explanation:

Double-declining-balance method is (2/useful life) x cost -accumulated depreciation)

cost = purchase price - residual value

2/5 x( 1000000-20000)

= $392,000

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3 0
2 years ago
What positive contributions can labor unions make to organizations pursuing the loyal soldier hr strategy?
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It helps in the cost reduction by the stable labor force.

It also helps in making the low cost product at a very good quality.

Organisations which are pursuing loyal soldier HR strategy always  try to retain employees by providing them with a sense and feel of security which  persuades them to work for some lower wages than they could be able to earn in competing firms.

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4 0
1 year ago
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goblinko [34]

Answer:

The correct answer is option c.

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All these characteristics show that the economy is going through economic depression.

Depression refers to the situation in which an economy suffers a downturn in economic activities. It involves decrease in output level, price and employment rate.

6 0
2 years ago
Determine your targetarket​
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Answer:

A target market refers to a group of customers to whom a company wants to sell its products and services, and to whom it directs its marketing efforts. Consumers who make up a target market share similar characteristics including geography, buying power, demographics, and incomes.

Hope it helps ya!. Please give me brainliest! ☞︎︎︎☜︎︎︎ thank you!

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2 years ago
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Musya8 [376]
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