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Stolb23 [73]
2 years ago
6

Nimo Co. purchased a machine for $12,000 and estimates it will use the machine for five-years with a $2,000 salvage value. Using

the double declining-balance depreciation method, compute the machine's first year depreciation expense.
Business
1 answer:
Gala2k [10]2 years ago
3 0

Answer:

$4800

Explanation:

Double declining deprecation method is when the deprecation expense of an asset is accelerated by 2. Depreciation is a method of expensing the cost of an asset.

In calculating depreciation expense using the double declining method , salvage value isn't used.

The formula:

2/ number of years ×(net book value)

2/5 × ($12,000) = $4800

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Answer: 18.92%

Explanation:

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Given : P= $1500

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i

Taking natural log on both sides , we get

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3 years ago
If survey questions are standardized and close-ended, they can produce data that is statistically comparable.
tino4ka555 [31]
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6 0
3 years ago
During 2022, Bramble Corp. reported cash provided by operations of $778000, cash used in investing of $672000, and cash used in
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Answer:

Bramble free cash flow was $508,000

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3 years ago
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