The double-declining-balance and straight-line depreciation methods Produce the same total depreciation over an asset's useful life.
- Two of the four depreciation methods permitted by US generally accepted accounting standards are the straight-line and double-declining-balance depreciation procedures (GAAP).
- The sum of the years' digit and units of production are the other two techniques. By deducting the salvage value from the asset's purchase price and either dividing the depreciable amount by the number of years or applying a preset rate to the depreciable amount, the straight-line method is derived.
- The depreciation rate is calculated using the double-declining-balance technique by dividing 100 percent by the asset's useful life in years, then multiplying the result by two.
- The diminishing amount is then used to calculate depreciation expenditure until only the salvage value is left. They therefore result in the same depreciation over the course of the asset's useful life.
<h3>Is double declining balance a method of straight-line depreciation?</h3>
- The straight-line depreciation technique, another and arguably even more frequent type of depreciation, depreciates an asset's value at a rate that is half that of the DDB depreciation method.
<h3>What is double declining balance depreciation method?</h3>
- A type of accelerated depreciation method called the double-declining balance method doubles the rate at which an asset's value depreciates compared to the straight-line approach.
- Accelerated depreciation refers to the process of depreciation that occurs twice as quickly as the straight-line method.
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Answer:
1st rank Line 3
2nd rank Line 1
3rd rank Line 2
4th rank Line 4
Explanation:
Using a spreadsheet approach all of the costs information can be set in excel such that it starts with costs of direct materials followed by the cost of direct labor with summing up to be prime costs of production.
However,the total indirect is then apportioned to the product in proportion of the product's total direct costs(the prime costs) as done in the attached spreadsheet.
The manufacturing cost per unit is the total manufacturing costs divided by annual production in each case.
Find attached.
Answer:
A. It is included as part of government purchases (G)
B. it is included as part of consumption
C. It is included as part of investment
D. Amys father's transaction is not included as part of GDP
Explanation:
Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.
GDP calculated using the expenditure approach = Consumption spending by households on durable and non durable good and services + Investment spending by businesses + Government Spending + Net Export
The project in A is being undertaken by The Federal Aviation Administration. So, it qualities as government spending.
Amy gets a new video camera made in the United States is an instance of consumer spending
Van's employer upgrades all of its computer systems using U.S.-made parts is undertaken by a business so it is included in GDP as part of investment spending.
The transaction by Amy's father takes place outside the US, thus, it is not included in the calculation of US 's GDP.
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Answer:
If patty sues, the likely result is:
D. Patty may win under the doctrine of promissory estoppel.
Explanation:
Here, in the given question it is mentioned that Patty is a student who is poor and he is struggling to work and also keep up with her studies inspite of the difficulties.
Her uncle, Fred, promises patty that he will help him in this situation and help her with an amount of $200 per month for the next six months.
Although her uncle, Fred didn't ask her to but patty by herself quits her job so that she gives her maximum time and attention to her studies for the six months in which her uncle was going to help her.
According to what hr uncle promised he gave her the amount which he promised to but this was done for a month and then without saying anything or giving any reason he stopped giving her the amount he promised to.
So, now in this scenario if patty sues the likely result would be:
d. Patty may win under the doctrine of promissory estoppel.
An industry in which numerous price-taking firms produce identical products.
