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scZoUnD [109]
3 years ago
15

Roche Biotech provides company cars for its salespeople that cost an average of $25,000. Using the class recovery system of five

years, what is the depreciation expense in year 2 of the MACRS?
Business
1 answer:
Len [333]3 years ago
7 0

Answer:

$8,000

Explanation:

Data provided in the question:

Average cost of car = $25,000

Now,

Using the class recovery system of five years,

The rate of depreciation expense in year 2 of the MACRS is 32%

Therefore,

The depreciation expense in the year 2 will be

= Average cost of car × Rate of depreciation

= $25,000 × 32%

or

The depreciation expense in the year 2 = $8,000

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indicators that the local currency is also the functional currency include all of the following except:
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Indicators that the local currency is also the functional currency include all of the following except the parent typically provides the financing or provides a guarantee.

A functional currency is one that is utilized in the main economic setting in which a company conducts business. This is the setting in which an entity generates and spends money most frequently. When defining the functional currency of an entity, the following key considerations should be taken into account:

The principal currency influencing retail prices (usually the currency in which prices are denominated and settled).

The money of the nation whose laws and competition have the biggest impact on retail pricing.

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The currency in which an entity keeps its operating receipts and the currency in which debt and equity instruments are issued are less important deciding factors.

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6 0
1 year ago
You can stop learning ______.
kolbaska11 [484]
The answer to your question is D never

8 0
3 years ago
Read 2 more answers
Taunton's is an all-equity firm that has 152,000 shares of stock outstanding. The CFO is considering borrowing $245,000 at 6 per
dezoksy [38]

Answer:

The value of the firm is $1,773,333

Explanation:

<u>Calculation of Value of each share</u>

Amount borrowed (A)                    $245,000

No. of shares repurchased (B)      <u>   21,000   </u>

Value for each share (C)               <u>  $11.67   </u>

<u></u>

No. of shares outstanding after repurchase(A)    131,000

(152,000 - 21,000)

Value for each share(B)                                        <u>   $11.67   </u>

Equity value after repurchase(A*B)                     $1,528,333

Add: Amount borrowed                                      <u>  $245,000</u>

Firm value after this transaction                     <u>  $1,773,333</u>

7 0
2 years ago
your going to a pool but is one hour away and your father says we are going to the shop that is 2 minutes away witch one will yo
ANTONII [103]
Depending on how much time you have, I would choose the pool because I am not a fan of shopping in supermarkets they make me feel sick sometimes so pool is better to me
4 0
3 years ago
ABC Company's production budget for October is based on 500 units. Standard unit cost for raw materials is $130 per unit ($10 pe
melisa1 [442]

Answer and Explanation:

The computation is shown below;

a. Raw material price variance is

= (standard price - actual price) × actual quantity

= ($10 - $11) × ($69,300 ÷ $11)

= ($10 - $11) × 6,300

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b. The raw material usage variance is

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= $5,250 favorable

In this way it should be calculated

3 0
2 years ago
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