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Crank
3 years ago
5

The straight-line depreciation method and the double-declining-balance depreciation method: Multiple Choice Are acceptable for t

ax purposes only. Produce the same book value each year. Are the only acceptable methods of depreciation for financial reporting. Produce the same total depreciation over an asset's useful life. Produce the same depreciation expense each year.
Business
1 answer:
fiasKO [112]3 years ago
3 0

Answer:

The straight-line depreciation method and the double-declining-balance depreciation method:

Produce the same total depreciation over an asset's useful life.

Explanation:

The straight-line and the double-declining-balance depreciation methods are two of the four depreciation methods allowed by US generally accepted accounting principles (GAAP).  The other two methods are sum of the years' digit and units of production.  The straight-line method is calculated by subtracting the salvage value from the asset's cost and either dividing the depreciable amount by the number of years or applying a fixed rate on the depreciable amount.  For the double-declining-balance method, 100% is divided by the number of years of the asset's useful life and then multiplying by 2 to obtain the depreciation rate.  Depreciation expense is then calculated on the declining balance until the salvage value is left.  This is why they produce the same depreciation over the asset's useful life.

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The use of ___________ is based, in part, on the belief that the term is broader than public relations, and encompasses all comm
Ksivusya [100]

Answer: corporate communications

                             

Explanation: Corporate communications relate to how businesses and organizations interact with specific stakeholders, both internally and externally. These stakeholders include,. customers, media, employees and government etc.

Based on the group being discussed, corporate communications may come in many forms. In conclusion, the communication strategy for a company would generally consist of the printed word, verbal word, and un-spoken interaction.

The communication department of an organisation is responsible for a number of duchies to be performed such as public relations and customer marketing etc.

6 0
3 years ago
A university is trying to determine what price to charge for tickets to football games. At a price of ​$24 per​ ticket, attendan
m_a_m_a [10]

Answer:<u><em>  Price per ticket should be charged in order to maximize​ revenue is $15.</em></u>

<u><em>70000 people will attend at this price.</em></u>

<u><em></em></u>

Explanation:

Let 'x' represent the decrease .

Using the given information,

Price per ticket = 24 - 3x

Average no. of people that watch the game = 40000 + 10000x

Additional money spent by every person = 6(40000 + 10000x)

Revenue [R(x)] = Price per ticket \times Average no. of people that watch the game + Additional money spent

Revenue [R(x)] = (24 - 3x)\times(40000 + 10000x) + 6(40000 + 10000x)

On solving the above equation we get ,

Revenue [R(x)] = -30000x^{2} + 180000x + 1200000

In order to find the critical point we'll differentiate the following with respect to x;

R'(x) = -60000x + 180000

∵ R'(x) = 0  

x = 3

<u><em>Thus, the price per ticket that should be charged in order to maximize​ revenue is (24 - 3\times3 = 24 - 9 = $15)</em></u>

<u><em>People that will attend at this price = (40000 + 10000\times3) = 70000</em></u>

7 0
3 years ago
The following accounts were taken from the Adjusted Trial Balance columns of the work sheet: Accumulated Depreciation $3,200 Fee
koban [17]

Answer:

$12,100

Explanation:

Data provided;

Accumulated Depreciation = $3,200

Fees Earned = $17,400

Depreciation expense = $1,300

Insurance Expense = $200

Prepaid Insurance = $4,800

Supplies = $900

Supplies Expense = $3,800

Now,

The Net income

= Fees Earned - Depreciation Expense - Insurance Expense - Supplies Expense

= $17,400 - $1,300 - $200 - $3,800

= $12,100

5 0
3 years ago
Freitas Corporation was organized early in 2021. The following expenditures were made during the first few months of the year: A
goldfiish [28.3K]

Answer:

Dr Organization costs ($12,000 + $3,000) 15,000

Dr Patent ($20,000 + $2,000) 22,000

Dr Equipment 30,000

Dr Preopening expenses 40,000

    Cr Cash 107,000

Explanation:

Organization costs are the initial costs incurred to start a business. They include attorney fees, and any other legal and registration fees required by both municipal state and federal government.

Any fees related to the purchase of the patent, e.g. commissions paid or attorney fees must be included in the purchase cost of the patent.

8 0
3 years ago
A competitive firm maximizes profit by choosing a level of output where the world price is equal to the firm's
klemol [59]

Answer: c. Marginal Cost

Explanation:

A Competitive firm operates in a market where they are price takers. This means that the price they charge is equal to both their average revenue and their Marginal Revenue.

P = MR = AR

Companies maximise profit at a point where Marginal Revenue equals Marginal Cost because at this point, resources are being fully utilized.

If the Competitive firm's Price is the same as its Marginal Revenue this means that to maximise profits, the firm should choose an output level where the price is equal to the marginal cost.

6 0
3 years ago
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