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djverab [1.8K]
3 years ago
14

) In April of 2019, Mike acquired a machine for $30,000 to use in his business. It is the only plant asset he purchased this yea

r. The machine is classified as 5-year property. Mike does not expense the property under Sec. 179 or bonus depreciation. Mike's depreciation on the machine for 2019 is
$3,000.

$6,000.

$12,000.

$15,000.
Business
1 answer:
yan [13]3 years ago
7 0

Answer:

Option $6,000

Explanation:

Data provided in the question:

Cost of the machine acquired = $30,000

Classified useful life = 5 years property

Now,

The MARCS rate for 5 years property, the depreciation rate is 20%

Therefore,

The depreciation for the year 2019 will  be

= 20% of the Cost of the machine acquired

= 0.20 × $30,000

= $6,000

Hence,

Option $6,000

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If workers are more educated, then short-run aggregate supply ___________.
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Answer:

O will increase and output and price level will increase as well.

Explanation:

If workers are more educated, the productivity of the country will increase, increasing total output. As investment in training increases, so thus the workers' capacity to perform more efficiently. Also, when the demand for better (or more) trained workers increases, the salary level will also increase. As workers gain training and/or experience, their salaries increase, e.g. on average, a person with a college degree earns much more than someone with just a high school degree. This increase in the level of salaries will lead to an increase in the general price level.

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3 years ago
What is the formula for determining productivity?!
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Answer:

Output/Input (APEX) <--------

Explanation:

This is the <u>CORRECT</u> answer for APEX.

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3 years ago
Assume there are currently five firms producing and selling fertilizer in the South American market. Also assume that the produc
Jobisdone [24]

Answer:

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Thus, equilibrium price will likely <u>increase</u> and the equilibrium quantity will likely  <u>decrease.</u>

3 0
3 years ago
Presented below are the basic assumptions and principles underlying financial statements. a. Historical cost principle d. Going
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Answer:

1. Periodicity assumption.

2. Going concern assumption.

3. Historical cost principle.

4. Economic entity assumption.

5. Full disclosure principle.

6. Monetary unit assumption.

Explanation:

1. <u><em>Periodicity assumption</em></u>: The economic life of a business can be divided into artificial time periods. It is also known as the Time period assumption.

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3. <em><u>Historical cost principle</u></em>: Assets should be recorded at their acquisition cost.

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5. <em><u>Full disclosure principle</u></em>: Circumstances and events that could make a difference to financial statement users should be disclosed.

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3 years ago
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Mandarinka [93]

Answer:

Productivity is the phenomena of the world economies. It is important for the development and growth.

Explanation:

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3 0
3 years ago
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