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storchak [24]
3 years ago
15

Cutter Enterprises purchased equipment for $54,000 on January 1, 2021. The equipment is expected to have a five-year life and a

residual value of $3,300. Using the double-declining-balance method, depreciation for 2021 and the book value at December 31, 2021, would be:
Business
1 answer:
ira [324]3 years ago
4 0

Answer:

the depreciation expense for the year 2021 and the book value for the year 2021  is $21,600 and $32,400 respectively

Explanation:

The computation of the depreciation expense for the year 2021 and the book value for the year 2021 under double-declining method is given below:

The depreciation expense is

= $54,000 × 1 ÷ 5 × 2

= $21,600

Now the book value is

= $54,000 - $21,600

= $32,400

hence, the depreciation expense for the year 2021 and the book value for the year 2021  is $21,600 and $32,400 respectively

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Researchers can manage and organize data by using strategies in research that will help them into organizing the information that they were able to obtain from the researches that they study. Strategies in which could help them in managing and organizing data are the following—communication, group meetings in which people who are involved with the study, extensive training, conceptual framework development and trails for external and internal audit in which should be created.

5 0
3 years ago
Suppose that real gdp per capita in italy is $36,000. If real gdp per capita is growing at a rate of 3. 6% per year. How many ye
soldier1979 [14.2K]

Suppose that real GDP per capita in Italy is $36,000. If real GDP per capita is growing at a rate of 3. 6% per year. How many years will it take for real GDP per capita to reach $72,000?

The correct answer is 20 years.

What is GDP per capita?

GDP per capita is calculated by dividing the total gross value contributed by all producers who are residents of the economy by the mid-year population, plus any product taxes (less subsidies) that are not taken into account when valuing output.

In the given case, the real GDP of Italy will be doubled in 20 years which is determined by rule 72.

So, 20 years it will take for real GDP per capita to reach $72,000.

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7 0
2 years ago
A customer has a total purchase of $84.75. She hands the person at the
Zolol [24]

Answer: The Customer Still owes 0.05

Explanation:

3 0
3 years ago
Jennifer is the owner of a video game and entertainment software retail store. She is currently planning to retire in 30 years a
nexus9112 [7]

Answer:

A= $4,838.95 monthly

Explanation:

Giving the following information:

She is currently planning to retire in 30 years and wishes to withdraw $10,000/month for 20 years from her retirement account starting at that time.

First, we need to calculate the amount needed for retirement:

FV= 10,000*12*20= 2,400,000

Now, we can use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

Effective rate= 0.02/12= 0.0017

n= 12*30= 360

A= (2,400,000*0.0017)/[(1.0017^360)-1]

A= $4,838.95 monthly

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3 years ago
a manufacturing company has been facing codification challenges caused by fluctuating levels of stock.stores departments must ma
Dima020 [189]

The key considerations that should be made when choosing the most suitable type of stock is to control the stock.

<h3>What should the company control stock?</h3>

When stock is controlled it ensures that there is materials or resources available enough for production.

It includes adequate monitoring of the stock level to ensure sustainability through details inventory and monitoring.

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