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
wariber [46]
2 years ago
5

Gruman Company purchased a machine for $198,000 on January 2, 2016. It made the following estimates:

Business
1 answer:
taurus [48]2 years ago
8 0

Answer:

$36,000 $36,000

b. $60,000 $48,000

c. $79,200, $47,520

d. $30,600, $21,600

e. $40,000 $34,000

Explanation:

A. Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

( $198,000 -  $18,000 ) / 5 = $36,000

Depreciation expense each year would be $36,000

B. Sum-of-the-year digits = (remaining useful life / sum of the years ) x  (Cost of asset - Salvage value)

Sum of the years = 1 +2 +3 +4 + 5  = 15

Depreciation expense in year 1 = (5/15) X ( $198,000 -  $18,000 ) = $60,000

Depreciation expense in year 2 = (4/15) x ( $198,000 -  $18,000 ) = $48,000

C. Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life)  

2 x(1/5) = 0.4

Depreciation expense in year 1 = 0.4 x  $198,000 = $79,200

Book value at the end of year 1 =  $198,000 - $79,200 = $118,800

Depreciation expense in year 2 = 0.4 x $118,800 = $47,520

D. Activity method based on hours worked = (hours worked that year / total hours of the machine) x  (Cost of asset - Salvage value)

Depreciation expense in year 1 = (1,700 / 10,000) x ( $198,000 -  $18,000 ) = $30,600

Depreciation expense in year 1 = (1,200 / 10,000) x ( $198,000 -  $18,000 ) = $21,600

E. Activity method based on units of output = (output produced that year / total output capacity of the machine) x  (Cost of asset - Salvage value)

Depreciation expense in year 1 =  ( 40,000 / 180,000) x ( $198,000 -  $18,000 ) = $40,000

Depreciation expense in year 12=  ( 34,000 / 180,000) x ( $198,000 -  $18,000 ) = $34,000

You might be interested in
Neo-mercantilists equate political power with economic power and economic power with:______a. corruption.b. a balance-of-trade s
butalik [34]

Answer: balance of trade surplus

Explanation:

Neomercantilism is a policy regime whereby export was encouraged while import was, discouraged. It also controls capital movement, and advocatee for currency decisions to be a government decision.

Neo-mercantilists equate political power with economic power and economic power with balance of trade surplus which is when the value of exports are more than that of imports.

7 0
2 years ago
An oligopoly market structure is distinguished by several characteristics, one of which is mutual interdependence. What are some
anyanavicka [17]

<u>Answer</u>:

An oligopoly market structure is distinguished by several characteristics, one of which is mutual interdependence. There is some other characteristics of this market structure which is as follows:

C: Market control by a few large firms

<u>Explanation</u>:

“Oligopoly” is a market structure in which only some sellers offer similar or identical products. This means only small group of companies are dominating one specific segment of the market. In case any new company tries to enter the same segment, it is difficult for it get established as there are certain barriers created by the existing companies of that segment.  

So, option A is incorrect as it says, “either identical or differentiated products” as the characteristic. Option B is also not correct as it says, “Market control by many small firms” and option D says “No Entry” which is also incorrect.

7 0
3 years ago
Instead of spending the weekend working on the research paper due at the end of next week sam decided to spend the weekend going
inna [77]

Answer:

the id

Explanation:

In simple words, the id can be understood as the root of all psychological bravery, as per Freud 's philosophy, rendering it the essential component of identity. The ID is motivated by the concept of immediate satisfaction of all wishes, desires and desires. If these needs are not immediately fulfilled, the effect is a state of discomfort or stress.

Thus, from the above we can conclude that the correct answer is the id.

6 0
3 years ago
Bonita Industries is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Bonita made pa
Trava [24]

Answer:

Bonita Industries is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Bonita made payments to the construction company of $3090000 on 7/1, $6408000 on 9/1, and $5840000 on 12/31. Weighted-average accumulated expenditures were

6 0
3 years ago
In the business gift-giving world, if a company gives a gift to a potential client for the purpose of influencing their behavior
gizmo_the_mogwai [7]

Answer:

Context, culture and content

Explanation:

Gift giving in business is common and also contentious. Business gifts are often for advertising, sales promotion, and marketing communication medium.

These kind of gifts are for the following reasons:

1. In appreciation.

2. In the hopes of creating a positive first impression.

3. Returning a favor or expecting a favor in return for something.

When it comes to considering appropriate business gifts it is helpful for one to think about the content of the gift, the context of the gift, and the culture in which it will be received.

Giving a gift to a potential client for the purpose of influencing their behavior is a form of Bribery.

7 0
3 years ago
Other questions:
  • In the past six months, Supplier has made late deliveries to many customers and a good portion of the goods delivered have been
    9·1 answer
  • The cost accountants at the Doering Company regressed total overhead costs and direct labor hours for the past 30-months and rep
    6·1 answer
  • Jared Bledsoe hired Green Gardens, a local landscape firm to plant trees and shrubs in his front yard. The landscape is beautifu
    15·1 answer
  • the dill family home has a replacement cost of 125000, and the carry 80000 worth of insurance. in the event of a 50000 loss due
    13·1 answer
  • Suppose there exists a market for coffee that is in equilibrium at 500 cups brewed per week for $3/cup. Now suppose the demand f
    6·1 answer
  • Evaluate how organizations can use one-sample hypothesis testing to determine if there are performance issues in the organizatio
    15·1 answer
  • Which theory suggests that employees can be motivated by objectives that are specific and challenging but achievable and that ha
    9·1 answer
  • Janet has almost finished painting a neighbor's house, at which time she'll be paid $2,000. The fact that she is increasingly un
    5·1 answer
  • A common test for employment at Ergon Inc., a cake factory, is a strength requirement test. This would be an example of
    15·1 answer
  • In un sistema economico l’offerta di lavoro da parte delle famiglie `e fissa e pari a Ls = 9. Nel sistema operano 100 imprese id
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!