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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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elena55 [62]

Answer:

accumulated is the answer I think

7 0
3 years ago
What lean concept relates to eliminating non-value-added steps and waste in product storage processes?
Effectus [21]

Answer:

Just in time (JIT) inventory management system

Explanation:

The JIT inventory management system was developed by Toyota in Japan. JIT tries to decrease production costs by lowering inventory costs and increasing efficiency by reducing wastes.

Some of the main advantages of JIT are:

  1. Productivity increase
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5 0
3 years ago
Select the statement below that is true. A. Non-satiation means that more is always better. B. Indifference means that only a pa
RSB [31]

Answer:

A

Explanation:

When there is non satiation, a consumer is yet to be fully satisfied, thus the consumer would benefit from additional consumption up to the point that utility is reached.

completeness means that if a consumer prefers bundle b to c or choice c to b. the consumer is indifferent between both choices

Indifference means that a consumer does not mind various combination of two goods that are on the same indiffernce curve

3 0
3 years ago
To prevent the deliberate contamination of food, a manager should know who is in the facility, monitor the security of products,
harkovskaia [24]

Answer:

who is in the facility.

Explanation:

Contamination of food is a major concern of any food manager and in order to avoid such an incident, there are many precautions which manager must take. Apart from monitoring the security and information, it is critical to understand and know who is in the facility. Who is in the facility and who was in the facility are important questions, which can help to avoid food contamination.

8 0
3 years ago
Fixed and oversimplified ideas of a person based on age, gender, race, or religion are called
krek1111 [17]

When there is Fixed and oversimplified idea based on a persons' age, gender etc, then such idea is known as Discrimination.

Let understand that the Discrimination refers to an unfair treatment of people or groups based on characteristics such as race, gender, age, sexual orientation etc.

  • A good example of Discrimination is when an employee has lower pay than colleague of the opposite sex even the same work responsibility. This scenario describe is based on Gender.

In conclusion, the creation of Human Rights Act prohibit citizen to discriminate based on sex, race, color, language, religion, political although there are still evident of discrimination everywhere in the world.

Read more about Discrimination here

<em>brainly.com/question/24667174</em>

6 0
2 years ago
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