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mario62 [17]
3 years ago
12

Lew just purchased $67,600 of equipment that is classified as 5-year MACRS property. The MACRS rates are 20 percent, 32 percent,

19.2 percent, 11.52 percent, 11.52 percent, and 5.76 percent for Years 1 to 6, respectively. What will be the book value of this equipment at the end of four years if he ignores bonus depreciation
Business
1 answer:
Nat2105 [25]3 years ago
6 0

Answer:

The book value of this equipment at the end of four years if he ignores bonus depreciation $26,290.

Explanation:

Cost of property = $67,600

                           Balance    Depreciation

Year 1                  67,600         13520

Year 2                 54,080         17,306

Year 3                 36,774          7,061

Year 4                  29,713          3,423

Book vaue at the end of year 4 = 29,713 - 3423 = $26,290

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The deadweight loss from a tax per unit of good will be smallest in a market with a. inelastic supply and elastic demand. b. ine
deff fn [24]

The deadweight loss from a tax per unit of good will be smallest in a market with inelastic supply and inelastic demand.

The Deadweight loss refers to loss that occurs when supply and demand are not in equilibrium and thus, result in market inefficiency.

Usually, the value of the deadweight loss varies with the demand elasticity and supply elasticity.

So, when the demand or supply is inelastic, the deadweight loss of the taxation will be smaller because the quantity bought or sold varies less with price.

Therefore, the answer is B. because the deadweight loss from a tax per unit of good will be smallest in a market with inelastic supply and inelastic demand.

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<em>brainly.com/question/13719669</em>

7 0
2 years ago
On September 11, 2016, Home Store sells a mower for $450 with a one-year warranty that covers parts. Warranty expense is estimat
xeze [42]

Answer:

Date      Accounts Titles and Explanations     Debit        Credit  

Sept, 11           Cash                                             $450  

2016         Sales                                                               $450  

                (To record the Cash Sales)

Sept, 11        Warranty Expenses                         $40.50  

2016              ($450 x 9%)

                  Estimated Warranty Payable                   $40.50  

                 (To record the Warranty Expenses)    

July, 24       Estimated Warranty Payable             $32

2017             Repairs Parts Inventory                                       $32

             (To record the material taken from Inventory)

6 0
3 years ago
Masterson Company's budgeted production calls for 68,000 units in April and 64,000 units in May of a key raw material that costs
Finger [1]

Answer:

The budgeted materials needed in units for April = 67000 litres

Explanation:

The budgeted  production for April = 68000 units

The budgeted  production for may = 64000 units

The cost of raw material per unit = $1.70 per unit

It is given that at the end of each month the inventory should be = 25%

The April 1 inventory = 17000 units

Now calculate the material required for April production:= [ Materials needed + ending inventory requirements - beginning inventory available ]= [ 68000 + (64000 × 25%) – 17000 ] = 67000 Litres

Therefore, the budgeted materials needed in units for April = 67000 litres

7 0
3 years ago
Ensuring that the organization meets goals, and working with employees to accomplish organizational goals are both classified as
attashe74 [19]

Answer: Management

Explanation:

Management ensures that organizational goals are met. The management plans, leads, control and organizes in order to ensure goals are achieved.

The function of accounting is to give financial information whihc are required by the business and its stakeholders.

The function of marketing is to ensure that products reach the consumers. It ensures delivery of products.

The human resource develops the workers. They train, revruit, discuss wages and salaries etc.

Based on the above, the answer is management.

7 0
3 years ago
Mary, the recruiter for Aurora Borealis Lighting Inc., decides to hire an individual who has the ability to learn on the job. Th
Dmitry_Shevchenko [17]

Answer:

D. Predictor

Explanation:

The predictor are behaviors that tends to be repeated by a person, when you analyze them it implies a possible repetition of an action in the future. In this case of a person who did not stay with his past employer more than two years and changes job frequently, will tend to be with the company for a short time and change job again

7 0
3 years ago
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