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Scilla [17]
3 years ago
15

On june 1, Scooter company purchased equipment at a cost of $120,000 that has a depreciable cost of $90,000 and an estimated use

ful life of 3 years or 30,000 hours. using straight-line depreciation, calculate depreciation expense for the second year.a. $17,500b. $30,000c. $40,000d. $12,500
Business
1 answer:
jeyben [28]3 years ago
5 0

Answer:

The correct answer is b. $30,000.

Explanation:

The depreciation is systematic allocation of cost of asset over its useful life. In straight line method cost is allocated evenly during the period of asset usage. Detail calculations are given below.

Depreciation expense = Cost of asset/Useful Life

                                     = 90,000/3

                                     = 30,000

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soldier1979 [14.2K]

True, Compared to the other main forecasting techniques, market-based forecasting of exchange rates has proven to be more reliable and consistent.

What is Market-based forecasting?
By utilising a wide range of data that describe the nature of demand within the organization's service area, market-based demand forecasting is a technique for estimating future demand for a healthcare organization's services. The primary and secondary service areas, population breakdowns by various demographic categories, discharge utilisation rates, market size, and market share by service line and overall are just a few examples of the information we're talking about. Strategic planners can develop scenarios describing potential future demand based on observable market dynamics and a variety of explicit assumptions about future trends. Then, financial planners can assess every scenario to see how it might affect particular financial and operational metrics, like operating margin, days with cash on hand, as well as debt-service coverage, and create a strategic financial plan that accounts for a variety of contingencies.

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3 0
1 year ago
A partnership's allocations of income and deductions to the partners are required to be proportionate to the partners' percentag
olga_2 [115]

Answer:

A partnership's allocations of income and deductions to the partners are required to be proportionate to the partners' percentage ownership of partnership profits in order to meet the substantial economic effect tests.

True

Explanation:

Equity and equality must be put in place as a yardstick to allocate such which would bring a common ground for both parties.

6 0
3 years ago
A notice is published stating that RMO 5% convertible preferred stock will be called at $60 per share. The preferred is converti
dybincka [34]

Answer: d. A price near $60

Explanation:

The Preferred Stock was selling at $56 then a notice was circulated that RMO would be calling the stock at a price of $60.

This $60 is more than the current $56 and so this will need to reflect in the price of the stock. The adjustment will cause the Preferred stock to start trading near $60 as traders will seek to take advantage of the impending call by buying at a lower price and thus making a bit of profit when the stock is called at $60. The market will adjust to this because the Preferred stock will be perceived as undervalued. A price closer to the Call price will therefore become the new price to properly value the stock.

6 0
3 years ago
Bruno & Court is a nonprofit organization that captures stray deer bewildered within residential communities. Fixed costs ar
Nadusha1986 [10]

Answer:

3,300 deer

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Total funds available to meet the entire cost of capturing stray deer = $48,000

This represents the total funds available as the Bruno & Court is a non profit organisation, it needs funding and as provided in the given case total funds available are $48,000 through local philanthropy.

Associated fixed cost in this activity = $15,000

Thus, maximum variable cost shall be = $48,000 - $15,000

= $33,000

Variable cost per deer = $10

Total number of deer to be captured = $33,000/$10 = 3,300 deer

4 0
3 years ago
Bob Bungler, owner of Bungler Appraisals, has received an assignment to appraise a property located in a small town that has one
umka2103 [35]

<u>Answer:</u>

<em>(A) Principle of Supply and Demand </em>

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