radox, a luxury watch brand, identifies a market segment that is willing to pay premium prices for its watches, and radox man
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$295,000 is the yearly depreciation using the double-declining-balance method.
The double declining balance approach is predicated on the idea that an asset's value depreciates quickly, faster at the start of its useful life than at the end.
Therefore, we will figure out the straight-line depreciation amount and then double it to figure out the twofold decreasing balance. A $900,000 asset value divided by three years equals $30,000 for the first year. Given that the dropping balance is twofold, the straight-line depreciation amount is multiplied by two.
Straight-line method we would just take the $900,000 minus the $15,000 of salvage value we would depreciate divided by three years, and the straight line charge would be $295,000 for year of the three years.
To know more about double-declining-balance method,refer to:
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Answer:
<em>profit margin 34.61%</em>
Explanation:
<em>The profit margins represents how many cent or the percentage of sales which converts into net income.</em>
<em>net income:</em> 92,400
<em>net sales:</em> 267,000
<em>profit margin</em> = 0.346067415 = <em>34.61%</em>