Colonization encouraged trade, industry, and the manufacturing of items such as ________

ABC Co. purchased equipment for $72,000 on January 1, 2017. The equipment is expected to have a five-year life and a residual va

Korvikt [17]

Answer:

Depreciation expense for 2017: $26,400

The book value of the equipment at December 31, 2017: $45,600

Explanation:

Under the straight-line method, useful life is 5 years, so the asset's annual depreciation will be 20% of the Depreciable cost.

Depreciable cost = Total cost of the equipment - Residual value = $72,000 - $6,000 = $66,000

Under the double-declining-balance method the 20% straight line rate is doubled to 40% - multiplied times the Depreciable cost's book value at the beginning of the year.

Depreciation expense for 2017 = 40% x $66,000 = $26,400

Accumulated depreciation at December 31, 2017 = $26,400

Book value of the equipment at December 31, 2017 = Cost of the equipment - Accumulated depreciation at December 31, 2017 = $72,000 - $26,400 = $45,600

6 0

2 years ago

Accenture's Security practice makes use of a number of accelerators when building solutions for our clients. What is the purpose

Vilka [71]

Answer:

To deploy and integrate security features in a shorter period of time

Explanation:

Given that accelerator in cybersecurity is a means of enhancing the implementation and information of security measures in a very faster way.

Therefore, the purpose of Accenture's Security practice of using several accelerators when building solutions for their clients is "to deploy and integrate security features in a shorter period of time."

6 0

2 years ago

Pet Supply purchased some fixed assets two years ago at a cost of $43,800. It no longer needs these assets so it is going to sel

DiKsa [7]

Answer:

$28,483.4

Explanation:

The computation of the net cash flow is shown below;

Asset cost $43,800

MACRS Rate 0.2 0.32

8760 14016

So total depreciation is

= $8,760 + $14,016

= $22,776

Now

Book Value of the company is

= oriignal value - depreication

= $43,800 - $22,776

= $21,024

And,

Sale price = 32500

So,

Gain is

= $32,500 - $21,024

= $11,476

So,

Tax = 0.35% of 11476

= $4,016

And, finally

Net cashflows is

= Sale price - tax

= $28,483.4

6 0

2 years ago

Read 2 more answers

An RBS Risk Impact Assessment benefits from information gathered from: I. Onsite examination II. Offsite examination III. News r

Ivan

not being rude but how many question do you have how do you do that

i know the answer though

4 0

2 years ago

The required reserve ratio is 0.05. If the Federal Reserve buys $1,000,000 worth of bonds from a bond dealer who has her accoun

Radda [10]

Missing information:

total deposits in bank XYZ = $4,000,000

total reserves = $3,800,000

Answer:

the required reserve = $250,000

excess reserves = $4,550,000

Explanation:

required reserve ratio = 5%

the Fed buys $1,000,000 worth of bonds

the $1,000,000 are deposited entirely in bank XYZ

total checkable deposits will increase to $5,000,000

the required reserve = $5,000,000 x 5% = $250,000

excess reserves = total checkable deposits - total loans - required reserves = $5,000,000 - $200,000 - $250,000 = $4,550,000

5 0

2 years ago

Colonization encouraged trade, industry, and the manufacturing of items such as _________.