1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
3241004551 [841]
3 years ago
7

McCanless Co. recently purchased an asset for $2,800,000 that will be used in a 3-year project. The asset is in the 4-year MACRS

class. The depreciation percentage each year is 33.33 percent, 44.45 percent, 14.81 percent, and 7.41 percent, respectively. What is the amount of depreciation in Year 2?
Business
1 answer:
MAVERICK [17]3 years ago
5 0

Answer:

= $1,244,600

Explanation:

Cost of asset = $2,800,000

Using MACRS depreciation schedule, calculate depreciation amount per year by multiplying each year's depreciation percentage by the cost of the asset;

Depreciation percentage (Yr1 ) = 33.33% or 0.3333 as a decimal

Depreciation amount (Yr1 ) = 0.3333 * $2,800,000 = $933,240

Depreciation percentage (Yr2 ) = 44.45% or 0.4445 as a decimal

Depreciation amount (Yr2 ) = 0.4445 * $2,800,000 = $1,244,600

You might be interested in
charitable contributions of a firm being tied directly to the customer revenues produced through the promotion of one of its pro
wel

Answer:

Cause marketing

Explanation:

5 0
3 years ago
Comparing ABC and Plantwide overhead Cost Assignments Wellington Chocolate Company uses activity-based costing (ABC). The contro
asambeis [7]

Answer:

$432,000 Setting up equipment ⇒ based on setup hours

$1,440,000 Other overhead ⇒ based on oven hours

product                units produced            setup hours          oven hours

Fudge                         8,000                         6,400                    1,600

Cookies                  445,000                         1,600                    8,000

1) Activity rate:

  • a) setup hours = total setup costs / total setup hours = $432,000 / 8,000 hours = $54 per setup hour
  • b) oven hours = total other overhead costs / total oven hours = $1,440,000 / 9,600 hours = $150 per oven hour

2) total overhead assigned to fudge = (6,400 setup hours x $54 per setup hour) + (1,600 oven hours x $150 per oven hour) = $345,600 + $240,000 = $585,600

5 0
3 years ago
Suppose that an economy produces 2,400 units of output, employing 60 units of input, and the price of the input is $30 per unit.
Vinil7 [7]

an economy produces 2,400 units of output, employing 60 units of input, and the price of the input is $30 per unit. the level of productivity in this economy is 40

<h3>What is productivity?</h3>
  • It is possible to study patterns in salary growth, wage levels, and technical advancement by further segmenting labor productivity.
  • Productivity increase is directly related to corporate earnings and shareholder returns.
  • Productivity is a measure of a company's production process efficiency at the corporate level.
  • It is calculated by comparing the number of units produced to employee labor hours or by comparing the company's net sales to employee labor hours.
  • Productivity is calculated as a company's output divided by the units utilized to produce that output.
  • In the workplace, productivity simply refers to how much "work" is completed in a given amount of time.

To learn more about productivity with the given link

brainly.com/question/23987161

#SPJ4

8 0
1 year ago
The factor-price equalization theory and transportation costs Which of the following statements about the factor-price equalizat
abruzzese [7]

Answer:

B and C

Explanation:

The correct statements about the factor-price equalization and the effects of transportation costs are:

  1. Free trade, in the absence of transportation costs or other barriers to trade, tends to equalize product prices and factor prices.
  2. Transportation costs prevent product prices from equalizing.
6 0
3 years ago
Michael is the owner of a company that manufactures mp3 players for cars. He wants to expand his business, so he decides to laun
Grace [21]

Answer:

B) Cannibalization occurs when the sales of a new brand take away from sales of an existing brand. Whenever a firm sells a new product it must look out for cannibalization. Michael's new mp3 players are cannibalizing the sales of his old players.

Explanation:

Market cannibalization occurs when a company's new product line crowds out the existing market for its current products, rather than expanding the company's market base as originally intended. In other words, rather than appealing to an additional segment of the market, a new product line appeals to the company's current market, reducing the demand for its established products. In this respect, market cannibalization is an instance in which a company's own two product lines compete against one another.

5 0
2 years ago
Other questions:
  • Which of the following is a characteristic of a good roasting pan? A. Low sides B. High sides C. A tight-fitting lid D. Allows j
    13·1 answer
  • Mitch runs an e-commerce business. He has engaged in social networking sites and blogs as part of a promotional campaign to attr
    13·1 answer
  • In the 1980s, Japanese competitors brought better-quality chips to the market at lower cost, threatening Intel Corporation's pos
    12·1 answer
  • A leadership model: a. is an explanation of some aspect of leadership. b. has practical value. c. is used when selecting the app
    7·1 answer
  • Materials purchased on account during the month totaled $190,000. Materials requisitioned and placed in production totaled $165,
    6·1 answer
  • Devin is preparing a Works Cited list. He has two articles by the same author.
    6·1 answer
  • Permabilt Corp. was incorporated on January 1, 2019, and issued the following stock for cash: 2,000,000 shares of no-par common
    5·1 answer
  • In need of money, the owner of a ring prepared an email one evening proposing to sell the ring to a friend for $500, but only if
    15·1 answer
  • By its very nature, ____________ requires an understanding of human behavior to help managers better comprehend behaviors at dif
    14·1 answer
  • Because it is needed for the schedule of expected cash collections, the annual master budget file includes the.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!