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xz_007 [3.2K]
3 years ago
9

A plant asset acquired on October 1, 2018, at a cost of $400,000 has an estimated useful life of 10 years. The salvage value is

estimated to be $40,000 at the end of the asset's useful life. Collapse question part (a) Determine the depreciation expense for the first two years using the Straight-line method. Year 1Year 2 Straight-line method
Business
1 answer:
melamori03 [73]3 years ago
3 0

Answer:

The depreciation expense for the first two years is $72,000.

Explanation:

Under straight-line method, depreciation expense is (Cost - Residual value) / No of years = ($400,000 - $40,000) / 10 years = $36,000 yearly depreciation expense.

Using this method, the depreciation expense for the first two years is $36,000 x 2 years = $72,000. This amount is regarded as the accumulated depreciation at the end of Year 2 while the net book value would be $400,000 - $72,000 = $328,000.

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If the price elasticity of demand for apples is 1.20 (absolute value), then the demand is _____ and total revenue will ______ if
Ludmilka [50]

Answer:

The correct answer is: price elastic; increase.

Explanation:

The price elasticity of demand for apples is 1.2.  

This implies that the demand relatively prices elastic.  

Elastic demand means that a proportionate change in the price of apples will cause more than proportionate change in the quantity demanded.  

A decrease in the price of apples will cause its quantity demanded to increase by more than proportionate. This will cause total revenue to increase.

3 0
3 years ago
On December 30, you decide to make a $2,500 charitable donation. (Assume you itemize your deductions.) (a) If you are in the 24
Crank

Answer:

$600

Explanation:

Calculation to determine how much will you save in taxes for the current year

Using this formula

Tax savings = Tax rate × Tax deduction

Let plug in the formula

Tax savings= 0.24 × $2500

Tax savings =$600

Therefore how much will you save in taxes for the current year is $600

7 0
3 years ago
if business owners want to maximize the value of the company, they should invest in projects that have the .
Komok [63]

Answer:

if business owners want to maximize the value of the company, they should invest in projects that have the greatest value added.

6 0
1 year ago
Adam Sears is an assembly line employee with Swenson Motors. Though Adam is popular among his supervisors and colleagues, Adam e
Valentin [98]

Answer:

The answer is: D) Adam's job has low task identity.

Explanation:

The task identity of a job can be defined as the extent at which that job involves completing a piece of work.

In Adam´s case, to complete a piece of work refers to assembling a whole car. Adam´s job is very specific, fixing nuts and bolts. It´s the perfect example of specialization of labor. He may be very good at doing that, but doesn´t feel good about it.  

4 0
3 years ago
Lynette Company's Inventory balance at 12/31/04 was $200,000 and was $188,000 at 12/31/05. Its Accounts Payable balance e at 12/
Viefleur [7K]

Answer:

A) $704,000.

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For computing the cash payments we need to calculate the following amounts which are as follows

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= $720,000 + $188,000 - $200,000

= $708,000

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= Beginning account payable balance + purchased made - ending account payable balance

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= $704,000

Hence, the correct option is A. $704,000

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3 years ago
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