1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ahrayia [7]
3 years ago
5

An asset was purchased for $54,000 and originally estimated to have a useful life of 10 years with a residual value of $4,900. A

fter two years of straight-line depreciation, it was determined that the remaining useful life of the asset was only 2 years with a residual value of $1,960. a) Determine the amount of the annual depreciation for the first two years. $ b) Determine the book value at the end of Year 2. $ c) Determine the depreciation expense for each of the remaining years after revision. $
Business
1 answer:
Keith_Richards [23]3 years ago
3 0

Answer:

Annual depreciation for the first two years is  $4,910.00  

Book value at the end of year 2  $44,180.00  

depreciation expense for each of the remaining years after revision is $21,110.00

Explanation:

The initial depreciation =cost-salvage value/useful life

cost was $54,000

salvage value is $4,900

useful life was 10 years

initial depreciation charge=($54,000-$4,900)/10=$4,910.00  

Book value at the end of year 2=cost-depreciation for first 2 years

book value at the end of year 2=$54,000-($ 4,910*2)=$44,180.00  

Depreciation expense for remaining years=($44,180-$1,960)/2=$21,110.00  

You might be interested in
A negative in the pigmalion effect theory
Svetach [21]

Explanation:

Negative implications of the Pygmalion Effect: Unjustified expectations end up becoming real. ... Secondary teachers have lower expectations to colored students and students from poor and disadvantaged backgrounds.

3 0
3 years ago
Gale Corporation manufactures windsocks. The business recently decided to adopt an ABC system. The following activities have bee
solniwko [45]

Answer:

$270,000

Explanation:

The first step is to calculate the overhead cost of the material handling parts

Since each wind stock require 3 parts then the overhead cost can be calculated as follows

= 3 × 20,000

= 60,000

The overhead cost of machining hours can be calculated as follows

Since 5 minutes is spent in the machining department then overhead cost is

= 5× 20,000

= 100,000

The overhead cost of packaging number of finished units can be calculated as follows

= 2 × 20,000

= 40,000

Total overhead cost= 100,000 + 60,000 + 40,000

= 200,000

The total cost of direct materials and labor can be calculated as follows

= 3.5 × 20,000

= 70,000

Therefore the total cost of producing 20,000 windstocks is

= Total overhead cost + total cost of direct materials and labor

= 200,000 + 70,000

= $270,000

Hence the total cost of producing 20,000 windstocks is $270,000

5 0
3 years ago
Dear Ms. Clinton: We have a problem. The other day I saw one of my coworkers loading boxes into the trunk of her car. I offered
Novosadov [1.4K]

Give more specific information, including dates and names.

Answer: Option B.

<u>Explanation:</u>

Since the situation that has been talked about in the question is a situation in which a doubt is shown on one of the employees of the organisation. This situation needs to be studied further and it is to investigated to reach to a conclusion and punish the culprit involved in it.

But to catch the culprit, the investigation is to be done properly and for that certain very important evidences are to be provided which would lead the investigation. So you should for that reason provide the date, the name of the employee, the time and so on.

4 0
3 years ago
Sheila and Vickie are sisters who enter into a contract to buy a vacation property. The sisters get into a dispute, and Vickie n
Pie

Answer:

The correct answer is Novation.

Explanation:

Innovation represents all those transformations that introduce originality and novelty, usually develop more frequently in the economic context, especially when companies implement new products or services that become successful within the market, prevailing in it through advertising.

Innovation is a technique that can solve problems or shortcomings, which can be done through improvement and not just the creation of something new.

3 0
3 years ago
The transnational strategy is becoming increasingly necessary to compete in international markets for all of the following reaso
vitfil [10]

Answer:

The correct answer is letter "D": it is easy to use because of its unifying goals.

Explanation:

In marketing, the transnational strategy is used by multinationals when there is a need to apply a differentiated advertising method across the diverse countries where the firm has operations. In each country where the company is the products are provided with features characteristic of the region's consumer patterns and expectations.  

Therefore, <em>the transnational strategy is not an easy task since it involves hiring qualified personnel with knowledge on each domestic market where the business is.</em>

8 0
3 years ago
Other questions:
  • At a price of $1.00, a local coffee shop is willing to supply 100 cinnamon rolls per day. At a price of $1.20, the coffee shop w
    9·1 answer
  • During the year, Wright Company sells 500 remote-control airplanes for $110 each. The company has the following inventory purcha
    15·1 answer
  • Officials argue that the government needs to reduce the national debt. Which actions are most likely to accomplish this goal?
    7·1 answer
  • George retired from a local law firm and then volunteered to oversee a nonprofit's legal records. george is performing the dutie
    5·1 answer
  • As you describe your products or services in your business plan, the most effective approach is to
    9·1 answer
  • 5. Which of the following is not true regarding proprietary funds? A) Enterprise funds are used by governments to account for se
    7·1 answer
  • Consider the three theories of the upward slope of the short-run aggregate-supply curve. a. According to the sticky-wage theory,
    7·1 answer
  • Suzu, an employee of ridgeline credit union, deposits into her account checks entrusted to the credit union through its atm syst
    10·1 answer
  • 1; Choose a business or an industry that is considered as a perfect market and explain which characteristics of a perfect market
    15·1 answer
  • gemma corporation sells a single product for $40 per unit. last year, the company's sales revenue was $2,950,000 and its net ope
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!