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il63 [147K]
3 years ago
7

Adkins Bakery uses the modified halfminusmonth convention to calculate depreciation expense in the year an asset is purchased or

sold. Adkins has a calendar year accounting period and uses the straightminusline method to compute depreciation expense. On March​ 17, 2018, Adkins acquired equipment at a cost of $ 140 comma 000. The equipment has a residual value of $ 42 comma 000 and an estimated useful life of 8 years. What amount of depreciation expense will be recorded for the year ending December​ 31, 2018?​ (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest​ dollar.)
Business
1 answer:
nirvana33 [79]3 years ago
7 0

Answer:

The correct answer is $9187.5.

Explanation:

According to the scenario, the given data are as follows:

Asset cost = $140,000

Residual value = $42,000

Life period = 8 years

So, Annual depreciation can be calculated by using following method:

Annual depreciation = ( Asset cost - Residual value) ÷ Life period

= ($140,000 - $42,000) ÷ 8

= $12,250

As depreciation is to be recorded till Dec.31

So, total time period = Apr - Dec = 9 months

So, Depreciation expense till Dec.31 = $12,250 × (9 ÷ 12)

= $9,187.5

Hence, Depreciation expense till Dec.31 is $9,187.5.

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Answer:

WHO guidelines

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The Guidelines Review Committee ensure that WHO guidelines are of a high methodological quality and are developed through a transparent, evidence-based decision-making process. Guidelines are subject to a rigorous quality assurance process that helps to ensure that each and every published guideline is trustworthy, impactful and meets the highest international standards.

Explanation:

WHO guidelines

The development of global guidelines ensuring the appropriate use of evidence represents one of the core functions of WHO.

A WHO guideline is defined broadly as any information product developed by WHO that contains recommendations for clinical practice or public health policy. Recommendations are statements designed to help end-users make informed decisions on whether, when and how to undertake specific actions such as clinical interventions, diagnostic tests or public health measures, with the aim of achieving the best possible individual or collective health outcomes.

The Guidelines Review Committee ensure that WHO guidelines are of a high methodological quality and are developed through a transparent, evidence-based decision-making process. Guidelines are subject to a rigorous quality assurance process that helps to ensure that each and every published guideline is trustworthy, impactful and meets the highest international standards.

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2 years ago
Hart Attorney at Law experienced the follwoing transactions in 2016, the first year of operations:
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I used an excel spreadsheet since there is not enough room here.              

Explanation:

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3 years ago
Higher nominal interest rates ______ the amount of money demanded and higher real income ______ the amount of money demanded.
Ulleksa [173]

Answer:

decreases

increases

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Nominal interest rate is real interest rate plus inflation rate. If nominal interest rate rises, people would prefer to save their money and so the demand for money would fall.

Real income is income adjusted for price level changes. The higher the real income,the higher the purchasing power, the higher the demand for money.

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In this case, since we don´t know what other conditions the town of Sanford included in the auction, if any other condition at all, we can´t conclude which party could win the lawsuit. For instance if a reserve was required but Arthur and Arlene didn´t do the reserve deposit, then they will obviously lose. The same happens with other established conditions like a minimum price set, etc. But if no other condition established, then Arthur and Arlene could win.

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This occurs when one party repeatedly holds out for a better deal.
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