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
allochka39001 [22]
2 years ago
6

The double-declining-balance rate for calculating depreciation expense is determined by doubling the straight-line rate. Assumin

g that an asset has a useful life of 25 years, determine the rate to be used if using the double-declining-balance method
Business
1 answer:
Rudik [331]2 years ago
3 0

Answer:

the  depreciation rate in cash when the double-declining method should be used is 8%

Explanation:

The computation of the depreciation rate in cash when the double-declining method should be used is given below:

= 1 ÷ useful life × 2

= 1 ÷ 25 × 2

= 0.08

= 8%

Hence, the  depreciation rate in cash when the double-declining method should be used is 8%

The same should be relevant and considered too

You might be interested in
The following selected amounts are available for Thomas Company.Retained earnings (beginning) $2,500Net loss 200Cash dividends d
AfilCa [17]

Answer:

c. $1,900

Explanation:

As for the information provided, we have:

Retained Earnings opening balance = $2,500

Current year loss = $200

Balance of retained earnings after this = $2,500 - $200 = $2,300

Now, dividends are provided which shall be paid from retained earnings only.

Cash dividends are the one paid in cash.

Stock dividends are the ones which are paid by issue extra shares from retained earnings.

Thus, both are deductible from retained earnings.

Therefore, closing balance of retained earnings = $2,300 - $200 - $200 = $1,900.

4 0
3 years ago
On December 31, 2021, Interlink Communications issued 5% stated rate bonds with a face amount of $113 million. The bonds mature
Kazeer [188]

Answer:

Bond Price = $97.4457408 million rounded off to $97.45 million

Explanation:

To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is an annual bond, the coupon payment, number of periods and annual YTM will be,

Coupon Payment (C) = 113 million * 0.05 = 5.65 million

Total periods (n) = 30

r or YTM = 0.06 or 6%

The formula to calculate the price of the bonds today is attached.

Bond Price =5.65 * [( 1 - (1+0.06)^-30) / 0.06]  +  113 / (1+0.06)^30

Bond Price = $97.4457408 million rounded off to $97.45 million

4 0
2 years ago
Bob and Serena are married and file a joint income tax return. For 2018, their modified AGI is $70,000. Their daughter, Dawn, is
Bogdan [553]

Answer:

The American Opportunity Tax Credit (AOTC) that can be claimed is $2,500.

Explanation:

As of 2018, no changes have been made to the AOTC. By law, with a modified  adjusted gross income (MAGI) of $80,000 or less for single individuals and $160,000 or less for married filing jointly, the individuals can claim the full credit amount. It is a credit paid for an eligible student to cover education expenses, if in the first four years of postsecondary education. A maximum annual amount of $2,500 is given and an additional 40% of remaining amount (up to $1,000) if the tax owed falls to zero.

8 0
3 years ago
I'm new here. What do I do? I dont even know anyone
riadik2000 [5.3K]

Answer:

 if you have question on anything you can search it, if you found nothing simply post the question and someone may help you anytime.

Explanation:

4 0
2 years ago
Read 2 more answers
A tariff:_________.
Sergio [31]

Answer:

<h2>C. Makes domestic consumer worse off. </h2>

Explanation:

A tariff is levied on the exports and imports between two countries. It is meant to regulate the foreign trade and encourage the domestic industries and safeguard them from the competition of foreign goods. Tariffs are source of income for states. Tariffs and import export quotas are most used instruments of protectionism. Tariffs are fixed or variable.

It can put the domestic consumer in an advantageous position as due to tariffs they would not be able to get less costly products.

8 0
3 years ago
Other questions:
  • Stuart wishes to have $14,000 to buy a used car three years from now. He plans to accomplish this, through an account with a nom
    5·1 answer
  • What is the most accurate method for preventing adverse effects associated with the use of digoxin?
    11·1 answer
  • A group of fifty homeschooling parents in New Jersey get together and form a nonprofit membership organization for the purpose o
    8·1 answer
  • SOMEONE PLEASE HELP ME WITH THIS
    13·1 answer
  • Which of the following are requirements for product manufacturing?
    6·1 answer
  • While reviewing the books at his firm, Chad Cooper noticed discrepancies between howthe firm recorded revenues last year and how
    8·1 answer
  • Lena is a sole proprietor. In April of this year, she sold equipment purchased four years ago for $28,000 with an adjusted basis
    9·2 answers
  • Project A requires a $415,000 initial investment for new machinery with a five-year life and a salvage value of $37,000. The com
    10·1 answer
  • Mrs Blake is paid a weekly wage of $248. During a certain week she worked 5 hours
    9·1 answer
  • the liability created when supplies are bought on account is called an account payable ,true or false​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!