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maks197457 [2]
3 years ago
14

At the beginning of year 1, Looby Corp. purchases equipment for $100,000. The equipment has a residual value of $20,000 and an e

xpected useful life of 10 years. What is accumulated depreciation at the end of year 2 using straight-line depreciation
Business
1 answer:
ANEK [815]3 years ago
4 0

Answer:

Accumulated Depreciation at the end of year  =  $16,000

Explanation:

<em>Under the straight line method of depreciation, the cost of an asset less the salvage value is spread equally over the expected useful life.</em>

<em>An equal amount is charged as annual depreciation over the life of the asset. The annual depreciation is calculated as follows:</em>

Annual depreciation:

= (cost of assets - salvage value)/ Estimated useful life

Cost - 100,000

Residual value = 20,000

Estimated useful life = 10 years

Annual depreciation = (100,000- 20,000)/10 =8,000

Annual depreciation = 8,000

Accumulated Depreciation for 2 years = Annual depreciation× number of years

                            = 8,000× 2 = 16,000

Accumulated Depreciation for 2 years =  $16,000

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Because of the legal protection for intellectual property, such as patents, a firm has a better chance of recouping the costs of
pochemuha

Answer:

D. Technologically positive research

Explanation:

Technology positive research can be said to be a scientific method which explain elaborately on the approach that is seen to deal with research founded on the premise of the modern world is been defined by a set of regular laws or patters, and that we can investigate these laws. Generally, it is known that positivity brings open doors and also a level ground for normal discussions with even people that have spent barely few hours with a said person. This research method is also been seen as the type where theory is typically provided as a set of related variables express by some form of formal logic, proven empirically to be significant.

4 0
2 years ago
Union local school district has a bond outstanding with a coupon rate of 3.3 percent paid semiannually and 20 years to maturity.
topjm [15]

Answer:

$9,438.22

Explanation:

For computing the price of the bond we need to apply the present value formula i.e be to shown in the attachment below:

Given that,  

Future value = $10,000

Rate of interest = 3.7%  ÷ 2 = 1.85%

NPER = 20 years  × 2 = 40 years

PMT = $10,000 × 3.3% ÷ 2 = $165

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula, the price of the bond is $9,438.22

8 0
3 years ago
1. The following are categories of accounts reported in the financial statements: A. Current Assets E. Long-Term Liabilities B.
kondaur [170]

Answer:

E, B, D, C, A, G, H, F

Explanation:

Bonds Payable - <em>Long-term liabilities</em>

Buildings - <em>Fixed assets</em>

Accrued Liabilities - <em>Current liabilities</em>

Intangibles - <em>Intangible assets</em>

Inventory - <em>Current assets</em>

Unearned Rent Revenues - <em>Revenue</em>; advanced paid rentals

Accumulated Depreciation - <em>Expense</em>

Retained Earnings - <em>Stockholder's equity</em>

3 0
3 years ago
Explain how firms that compete in the four different market structures determine profitability.
Ira Lisetskai [31]

Price is determined by the forces of market demand and market supply. A firm sells its output at the given price. Therefore, a firm under perfect competition is a price taker, not a price maker.

Perfect competition is a form of market where there is a large number of buyers and sellers of a commodity. A homogeneous product is sold and its price is determined by the forces of supply and demand.

The elasticity of demand for the firm's demand =  Infinite Because of free entry and exit, firms, in the long run, earn only normal profits (TR = TC or AR = AC). In the extra normal profits earned, new firms will join the industry. Market supply will increase. The market price will fall. Extra normal profits will be wiped out. In case of extra normal losses, some of the existing firms will leave the industry. Market supply will decrease. The market price will increase. Extra normal losses will be wiped out.

(A). Normal profits (TR = TC or AR = AC)

(B). Extra normal profits ( TR>TC or AR>AC)

(C).  Extra normal losses (TR<TC or AR <AC)

In economics, a market is a system, institution, process, social relationship, or infrastructure configuration in which parties exchange ideas. Although parties can exchange goods and services through barter, most markets rely on sellers offering goods and services (including labor) to buyers in exchange for money.

A market can be described as the process by which prices for goods and services are determined. Markets facilitate trade and enable the distribution and allocation of resources in society. Marketplaces allow the valuation and pricing of any tradeable item. Markets can arise more or less spontaneously or be consciously constructed by people

Learn more about the market here

brainly.com/question/25309906

#SPJ4

7 0
1 year ago
A Six sigma (6s) approach to quality focuses on preventing defects by using customer feedback to reduce variation and waste. Gro
andre [41]

Answer:

False

Explanation:

Six sigma is a tool used by organizations to improve their processes and reduce defects, to improve quality of their products or services.

<u><em>It focuses on reducing variation in the business processes (from manufacturing, sales, delivery, to customer service), to reduce defects and increase the quality of goods and services</em></u><em>.</em> <em>It also generally improves organizational performance and increases profit.</em>

Six sigma does NOT focus on customers feedback to reduce variation and waste.

3 0
3 years ago
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