1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kobusy [5.1K]
3 years ago
9

Depreciation calculation methods—partial year Freedom Co. purchased a new machine on July 2, 2013, at a total installed cost of

$44,000. The machine has an estimated life of five years and an estimated salvage value of $6,000.
a. Calculate the depreciation expense for each year of the asset’s life using:
1. Straight-line depreciation.
2. Double-declining-balance depreciation.
3. 150% declining-balance depreciation.

b. How much depreciation expense should be recorded by Freedom Co. for its fiscal year ended December 31, 2013, under each of the three methods? (Note: The machine will have been used for one-half of its first year of life.)
c. Calculate the accumulated depreciation and net book value of the machine at December 31, 2014, under each of the three methods.
Business
1 answer:
Igoryamba3 years ago
5 0

Answer:

a.

1. $7,600

2. $17,600

3. $13,200

b.

1. $3,800

2. $8,800

3. $6,600

c.

1. $15200

2. $35,200

3. $26,400

Explanation:

1. Straight Line Depreciation Method

$44,000 - $6,000 / 5 years

= $7,600.

2. Double declining- balance Method

100% / 5 years = 20%

20% * 2 = 40%

$44,000 * 40% = $17,600

3. 150% declining- balance Method

150% / 5 years = 30%

$44,000 * 30% = $13,200

b. Because this is for 6 months only the depreciation expense calculated will be divided into 2

1. $7,600 / 2 = $3,800

2. $17,600 / 2 = $8,800

3. $13,200 / 2 = $6,600

c.

1. $7,600 * 2 = $15200

2. $17,600 * 2 = $35,200

3. $13,200 * 2 = $26,400

You might be interested in
What does SME stand for
boyakko [2]

Answer:

Subject Matter Expert and Small and Medium Enterprise

Explanation:

the abbreviation for "Subject Matter Expert"

and "Small and Medium Enterprise"

5 0
3 years ago
Read 2 more answers
A career pathway is:
qwelly [4]
I think the better one is D.
3 0
3 years ago
Could the central utility plant be built in a way that would allow for expansion as the additional buildings are built?
Orlov [11]

Yes, central utility plant can be built in a way that would allow for expansion as the additional buildings are built.

HVAC:

In this field, the phrase "HVAC" is frequently used, although many homeowners are unsure of what it entails. It is an acronym for "heating, ventilation, and air conditioning."

The principles of thermodynamics, fluid mechanics, and heat transfer are the foundation of the HVAC (Heat in Ventilation and Air Conditioning) system. The technology behind comfortable environments in homes and cars called HVAC.

According to the inquiry, the current HVAC design uses a central forced air heating and cooling system in the office and electric baseboard heaters around the perimeter. The lab space is designed with a three-pipe hydronic plumbing system that generates heating and cooling utilizing gas-fired boilers and electric chillers.

This HVAC design has several benefits like it will provide:

The psychological state of thermal comfort, which conveys happiness with the thermal environment and is evaluated subjectively.

One of the key objectives of HVAC is to maintain a standard of thermal comfort for people inside of buildings or other enclosed spaces.

Acceptable indoor air quality refers to the condition of the air inside and around buildings and other structures.

Make sure that poor indoor air quality doesn't hinder learning or productivity at work by taking care of the air.

District energy systems

1 Heating energy: In united states specially, Water heating is more efficient than others for heating buildings. And Forced systems have several benefits such as

We get better cooling effects from it.

it provide energy saving of up to 15-20 %

2 Energy used for air conditioning: Air conditioners and heaters transport heat rather than changing its form. Thermal efficiencies do not adequately explain the performance of these devices, even though it enhances efficiency because of this heat.

Yes, it is possible to construct the central utility plant in a way that would enable extension as more buildings are constructed. because it will improve the interchange of thermal energy, or heat, between physical systems and the quality of the air. Building reconstruction is more advantageous when done in accordance with HVAC Design.

Learn more about HVAC  here brainly.com/question/20264838

#SPJ4

6 0
1 year ago
Familiar routes to and from commonly visited areas create an individual's:
Artist 52 [7]
<span>Can create mental map of the chosen routes. By following certain routes on a daily basis, a person can mentally remember how to get to destination without having to do recalling that anyone would do when they haven't fully remember how to get there. There wouldn't be a need to use GPS or mapping app, if he or she can recall how to get there.</span>
5 0
3 years ago
Well over 50% of all projects fail. Research and discuss how the planning process plays an important role in the success or fail
BigorU [14]

Answer:

Project planning plays an essential role in helping guide stakeholders, sponsors, teams, and the project manager through other project phases. Planning is needed to identify desired goals, reduce risks, avoid missed deadlines, and ultimately deliver the agreed product, service or result.

Explanation: The key in planning is to look at each of the knowledge areas below and make sure you and your team will address each of these areas in ways that will help reach all the end goals.

Communications

Costs

Human resources

Procurement

Quality of deliverables

Business requirements

Risks

Schedules

Project scope

Stakeholders

The key to a successful project is in the planning. Creating a project plan is the first thing you should do when undertaking any project.

Often project planning is ignored in favor of getting on with the work. However, many people fail to realize the value of a project plan for saving time, money and many problems.

7 0
3 years ago
Other questions:
  • Kevin and Maria are building their portfolios. Kevin purchases shares in a mutual fund and pays fees to a manager who actively m
    6·1 answer
  • Wilfrid laurier university bookstore conducts annual surveys of its customers. using xlstat answer
    14·1 answer
  • What is one of the advantages of buying an existing business
    7·1 answer
  • Moonbeam Company manufactures toasters. For the first 8 months of 2017, the company reported the following operating results whi
    12·1 answer
  • When banks borrow money from a federal reserve bank, they are given a certain interest rate to pay back the loan. if the federal
    13·1 answer
  • Brenda has been trying to lose weight and control her seemingly insatiable sweet tooth. to meet her goal, she has removed all co
    15·1 answer
  • Which determines carrying capacity?<br> What is the best skate brand out there
    5·1 answer
  • The viability and relevancy of insurance products sold to businesses and individual?
    7·1 answer
  • Which of the following should you do during an interview? Question 2 options: Demand specific benefits. Explain why your previou
    7·1 answer
  • A portfolio of stocks may achieve diversification benefits if the stocks that comprise such portfolio are:____.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!