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lora16 [44]
3 years ago
7

On January 1, 2019, Upward Company purchased a copy machine. The machine costs $320,000, its estimated useful life is 8 years, a

nd its expected salvage value is $20,000. What is the depreciation expense for 2020 using double-declining-balance method
Business
1 answer:
qwelly [4]3 years ago
6 0

Answer:

$60,000

Explanation:

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life) = 2 / 8 = 0.25

Depreciation expense in 2019 = 0.25 x $320,000 = $80,000

Book value at the beginning of 2020 = $320,000 - $80,000 = $240,000

Depreciation expense in 2020 = 0.25 x $240,000 = $60,000

I hope my answer helps you

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Which of the following terms best represents voluntary actions that violate significant organizational norms and, in doing so, t
Oksi-84 [34.3K]

Answer:

The correct answer is (B)

Explanation:

Deviant workplace behaviour is a voluntary action of the employees that negatively affects the organisational structure and operations. It is a counterproductive behaviour in which employees do not put all the efforts into work and sometimes even withdraw. It goes against the legitimate interest and well-being of an organisation. It also affects other employees, firms and clients.

6 0
3 years ago
A company has budgeted fixed overhead of $1.00 per hour at expected capacity of 5,000 units which have a standard quantity of 2
Zepler [3.9K]

Answer:

$400 favorable

Explanation:

The computation of the volume variance is shown below:

Fixed overhead Volume Variance = Actual Overheads - Budgeted Overheads

where,

Actual overhead is

= 5,200 units × 2 hours × $1

= $10,400      

And, the budgeted overhead is

= 5,000 units × 2 hours × $1

= $10,000      

So, the volume variance is

= $10,400 - $10,000

= $400 favorable

We simply deduct the budgeted cost from the actual cost so that the difference could be come

5 0
3 years ago
Cash larceny involves stealing cash from an organization before it is recorded on the organization’s books and records.
viktelen [127]

Answer:

False

Explanation:

Cash larceny is the action of stealing company cash  already been registered in the books of accounts for a specific accounting  period. An employee of the company perpetrates the theft. It involves the employee scheming and executing the taking away of cash recorded in the books without the employer's authority.

Cask larceny happens in the cash register,  in the safe, or from cash deposits in transit. In most instances, larceny involves small amounts of money. As the cash is recorded in the books of accounts, larceny can be detected with proper cash reconciliation.

8 0
3 years ago
Which of the following practices would indicate that an employer is trying to overcome a moral-hazard problem with his employees
dsp73

Answer:b) the employer pays his employees year end bonus according to how the business does and his observation of the employees efforts

Explanation: The best payment system to overcome moral- hazard problem by employers is to pay by piece rates.

Piece rates or payment by result system is a payment system where employees are paid in proportion to the efforts and the overall business performance. With this system both employees and employers will be satisfied with the outcomes and will in turn prevent any suspicions from the employees since the system is clearly understood by both parties and a mutual relationship we be created.

4 0
3 years ago
why does brainly need to ad lock answers they get enough money through all the banners when you go watch an ad to get an answer
Travka [436]

Answer:

all they want to get is money and attention.

Explanation:

All buisnesses do that stuff

3 0
3 years ago
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