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user100 [1]
3 years ago
9

The depreciation deduction for year 11 of an asset with a 20-year useful life is $4,000. If the salvage value of the asset was e

stimated to be zero and straight line depreciation was used to calculate the depreciation deduction for year 11, what was the initial cost of the asset?
Business
1 answer:
PtichkaEL [24]3 years ago
7 0

Answer:

The answer is $80,000

Explanation:

The formula for straight-line depreciation is:

[Cost of asset - salvage value(if any)] ÷ useful life of the asset

Depreciation = $4,000

Cost of asset= ? (represented by y)

Useful life of the asset = 20 years

$4,000 = y ÷ 20 years

y is $4,000 x 20 years

y = $80,000

Therefore, the initial cost of the asset was $80,000

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Bass new product forecasting model is used for estimating long term sales potential of a product True False
kobusy [5.1K]

Answer:

True

Explanation:

The Bass New forecasting model is a forecasting model that is commonly used to estimate the sales of a product at a certain in future and it is used for highly durable goods.

The bass new forecasting model wad developed by Frank Bass and it has a formula

<u> f ( t )   </u>    =   p + qF ( t )

1 - f ( t )

where:

f ( t )  is the change of the installed base fraction

F(t) is the installed base fraction

p is the coefficient of innovation

q is the coefficient of imitation

Cheers.

7 0
3 years ago
What is the approximate present value of $1 that will be paid to you in 3 years if the interest rate were 5 percent?
Stolb23 [73]

Answer:

The present value is $0.86.-

Explanation:

Giving the following information:

Future Value (FV)= $1

Number of periods (n)= 3 years

Interest rate (i)= 5% = 0.05

<u>To calculate the present value (PV), we need to use the following formula:</u>

PV= FV/(1+i)^n

PV= 1/(1.05^3)

PV= $0.8634

The present value is $0.86.-

3 0
3 years ago
Mardee represented condo owner carol, and they signed an exclusive agency listing agreement. If carol found her own buyer, would
Sophie [7]

If carol found her own buyer, would she owe mardee a commission option (c)i.e, No, because Carol found her own buyer.

A sales commission is a payment made to an employee after they successfully complete a task, typically selling a predetermined volume of goods or services. Sales commissions are a common incentive used by employers to boost employee productivity. A commission can be paid instead of or in addition to a salary.

Employers provide a commission to entice workers, increase productivity, increase sales, and draw in new clients. In many areas, like the automotive and real estate sectors, commission-based pay is the norm for sales and marketing positions.

The complete question is:

Mardee is representing Carol in the sale of her condo, and they've signed an exclusive agency listing agreement. If Carol finds her own buyer, does she owe Mardee a commission?

a.)No, because Carol is not a real estate licensee.

b.)Yes, because they have an exclusive agency listing agreement.

c.)No, because Carol found her own buyer.

d.)Yes, but she only owes the listing commission.

To know more about commission refer to:   brainly.com/question/957886

#SPJ4

3 0
1 year ago
Assume that Speedboat Company has beginning finished goods inventory of $10,000; ending finished goods inventory of $150,000; go
gtnhenbr [62]

Answer:

$60,000

Explanation:

The movement in finished goods balance between the beginning and end of a period is due to the cost of goods sold and goods manufactured. This may be expressed mathematically as;

Opening balance + manufactured goods - cost of goods sold - other write-offs = closing balance.

where there are no other write-offs,

$10,000 + $200,000 - cost of goods sold = $150,000

Cost of goods sold = $10,000 + $200,000 - $150,000

= $60,000

7 0
3 years ago
Why should people be cautious when considering a loan with a variable
maw [93]

Answer: B - The interest rate may increase after an inductor period.

3 0
2 years ago
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