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Nikitich [7]
3 years ago
8

Moped, Inc. purchased machinery at a cost of $44,000 on January 1, 2017. The expected useful life is 5 years and the asset is ex

pected to have salvage value of $4,000. Moped depreciates its assets using the double-declining balance method. What is the firm's depreciation expense for the year ended December 31, 2017?
Business
1 answer:
AysviL [449]3 years ago
3 0

Answer:

Annual depreciation= $16,000

Explanation:

Giving the following information:

Purchase price= $44,000

Useful life= 5 years

Salvage value= $4,000

<u>To calculate the depreciation expense under the double-declining balance, we need to use the following formula:</u>

<u></u>

Annual depreciation= 2*[(book value)/estimated life (years)]

Annual depreciation= 2*[(44,000 - 4,000) / 5]

Annual depreciation= 16,000

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Natali5045456 [20]
1. The rate of return for each year is 4.05%
<span>2010 $100 $4 => 4%
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2013 $95 $4 => 4.2%
Average is 4.05%
2. The dollar-weighted rate of return is
-3(4%) - 2(3.6%) + 1(4.4%) + 4(4.2%)
14.75%</span><span /><span>
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7 0
3 years ago
An establishment owned by two or more persons in which only one person has unlimited personal liability for the business describ
chubhunter [2.5K]
Limited partnerships
4 0
3 years ago
The profit, P, in dollars for manufacturing n units of a certain product is given by the formula P = 3n2 - 90n - 720. (Assume th
sesenic [268]

Answer:

n=40

Explanation:

We want to know the value of n when P=480

P=3n^2-90n-720\\480=3n^2-90n-720\\3n^2-90n-720-480=0\\3n^2-90n-1200=0\\3(n^2-30n-400)=0\\n^2-30n-400=0

From here, we can find the factors of the quadratic equation, we need two numbers that multiplied give -400 and added -30. Since they are factors of 400, we can choose -20x20 or -40x10. When adding -20 and 20 the result is zero, but the sum of -40 and 10 is -30. Then:

n^2-30n-400=0\\(n-40)(n+10)=0\\

The solutions of the quadratic equation aren-40=0 and n+10=0:

n_1=40\\n_2=-10

Since n is a positive integer:

n=40

5 0
3 years ago
On January 1, 2013, the Accounts Receivable balance was $18,500 and the balance in the Allowance for Doubtful Accounts
Brrunno [24]

Answer: A

Explanation: Recieveable balance $18500, this is the cash inflow of the company

Allowance for doubtful accounts $1400 this is usually a percentage of money set aside from cash inflow for debts e.t.c.

Unaccountable account $400 usually debts

Receivable after deduction of allowance of doubtful accounts.

$18500 - $1400 = $ 17100

Allowance of doubtful accounts after deduction of debts

$1400 - $400 = $1000

Amount receivable immediately after write off

$17100 + $1000 = $18100

8 0
4 years ago
Read 2 more answers
Durable goods $3,000 Services 6,000 Business purchases of capital goods 400 Fixed investment 850 Exports 600 Imports 800 Nondura
ASHA 777 [7]

Answer:

$9,700

Explanation:

The computation of the consumption is shown below;

= Durable goods + Services + Non-durable goods

= $3,000 + $6,000 + $700  

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We simply added the durable goods, services and the non-durable goods so that the consumption could be come

Hence, the consumption is $9,700

Therefore the same is to be considered

6 0
3 years ago
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