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Tasya [4]
3 years ago
6

Kingston Company purchased a piece of equipment on January 1, 2015. The equipment cost $200,000 and had an estimated life of 8 y

ears and a salvage value of $25,000. What was the depreciation expense for the asset for 2016 under the double-declining-balance method
Business
1 answer:
DaniilM [7]3 years ago
3 0

Answer:

Annual depreciation= $32,812.5

Explanation:

Giving the following information:

The equipment cost $200,000 and had an estimated life of 8 years and a salvage value of $25,000.

<u>To calculate the annual depreciation expense, we need to use the following formula:</u>

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

2015:

Annual depreciation= 2*[(200,000 - 25,000) / 8]

Annual depreciation= $43,750

2016:

Annual depreciation= 2*[(175,000 - 43,750) / 8]

Annual depreciation= $32,812.5

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3 years ago
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Customer lifetime value basically describes the net present value of the stream of future profits expected over the customer's lifetime purchases.

<h3>What is Customer lifetime value?</h3>

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Customer lifetime value varies from customer benefit or CP (the contrast between the incomes and the expenses related with the customer relationship during a predetermined period) in that CP estimates the past.

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5 0
1 year ago
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Otrada [13]

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Answer is An escrow account

5 0
3 years ago
Read 2 more answers
insider trading laws prevent employees from buying or selling the securities of their employers. true or false
Pani-rosa [81]

Answer:

The statement is: False.

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While often associated with illegal activity, insider trading encompasses both illegal and legal trading of securities and is monitored by the <em>Securities and Exchange Commission </em>(SEC). Illegal insider trading occurs when a person uses material, non-public information to decide between buying or selling a security.  

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