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
yawa3891 [41]
3 years ago
11

At the beginning of the year, Poplock began a calendar-year dog boarding business called Griff's Palace. Poplock bought and plac

ed in service the following assets during the year:
Date Cost
Asset Acquired Basis
Computer equipment 3/23 $5,000
Dog grooming furniture 5/12 7,000
Pickup truck 9/17 10,000
Commercial building 10/11 270,000
Land (one acre) 10/11 80,000
Assuming Poplock does not elect §179 expensing or bonus depreciation, answer the following questions: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Round your answers to the nearest whole dollar amount.)
a. What is Poplock’s year 1 depreciation expense for each asset? (Leave no answer blank. Enter zero if applicable.)
b. What is Poplock’s year 2 depreciation expense for each asset? (Leave no answer blank. Enter zero if applicable.)
Business
1 answer:
valina [46]3 years ago
6 0

Answer: See attachment

Explanation:

a. What is Poplock’s year 1 depreciation expense for each asset?

See attachment. Note that the depreciation for the assets were calculated as the original basis × the rate. e.g for Computer equipment, the Depreciation was, the original basis of $5000 × the rate of 20% which equals $1,000.

b. What is Poplock’s year 2 depreciation expense for each asset?

Check attachment.

Depreciation for computer = $1600

Depreciation for day grooming furniture = $1714

Depreciation for popup truck = $3200

Depreciation for commercial building = $6923

You might be interested in
Southwest Airlines uses its assets very productively. Its turnaround time, or the time that its airplanes sit on the ground whil
mario62 [17]

Answer: Efficiency

Explanation:

Efficiency shows the highest performance level that utilizes the smallest amount of inputs to attain the biggest amount of output. Efficiency is the act of reducing unnecessary resources used in the production of a given output.

Efficiency reduces the waste of resources like energy, physical materials, and time albeit achieving the desired output. It is the aim of every organization to get the best results using the least cost. Southwest Airlines is efficient in its production since it uses its assets and time well.

8 0
3 years ago
member of the production team skilled in research and analysis, who helps actors, designers, and directors better understand the
monitta

Answer:

Dramaturg

Explanation:

Dramaturg is the term which is defined as the editor or the literary adviser in the film company, theatre or opera, who researches, texts, selects, interprets scripts and printed programmes, does the public relations work.

So, in this case, the member of the production team who helps the directors, actors as well designers to better understand the specifications of the play is referred to the Dramaturg.

4 0
3 years ago
The current price of xyz stock is $50.00. dividends are expected to grow at 7% indefinitely and the most recent dividend was $1.
muminat
1/50+7 = 9.0 so the answer is 9.0
5 0
3 years ago
Select all that apply budget reports are commonly prepared for:_____.
steposvetlana [31]

Budget reports are generally prepared for a quarter.

Given an incomplete sentence related to the timings of budget reports.

We are required to fill the timing or frequencies given in the options so that the sentence gives an appropriate meaning.

A budgeting report is basically a report managers use that lists the previously estimated budget projections over a certain period.Budget reports are basically the financial goals leadership comes up with based on informed financial projections. Since they are  typically estimations, these budget reports almost always differ from the final financial results, sometimes drastically. Quarter is basically a collection of three months.

Hence it can be concluded that budget reports are generally prepared for a quarter.

Learn more about budget  at brainly.com/question/13964173

#SPJ4

7 0
2 years ago
A manufacturer estimates that its product can be produced at a total cost of C(x) = 50,000 + 100x + x3 dollars. If the manufactu
timofeeve [1]

Answer:

The level of production x that will maximize the profit is: 22,966

Explanation:

C(x) = 50,000 + 100x + x³

R(x) = 3400x

P(x) = R(x) - C(x)

      = 3400x - [50,000 + 100x + x³]

      = 3400x - 50,000 - 100x - x³

      = 3300x - 50,000 - x³   .................... (A)

P'(x) = 3300(1) - 0 - 3x²

       = 3300 - 3x²

At a critical point, P'(x) = 0

∴   0 = 3300 - 3x²

  3x² = 3300

    x² = 1100

     x = ± \sqrt{1100}

P"(x) = -6x

P(\sqrt{1100}) = -6 (\sqrt{1100})   < 0

by second derivative, 'P' max at    x = \sqrt{1100} = 33.17 (rounds)

since x =  \sqrt{1100} ,

recall that P(x) = 3300x - 50,000 - x³ from equation (A)

Therefore, Maximum Profit

P(\sqrt{1100}) = 3300\sqrt{1100} - 50000 - \sqrt{1100} ^{3}

              = 3300(33.17) - 50,000 - 33.17³

              = 109461 -50,000 - 36495.26

              = 22,965.74

Maximum profit is 22,966 to the nearest whole number

5 0
3 years ago
Other questions:
  • Consider a two-firm oligopoly facing a market inverse demand curve of P = 100 – 2(q1 + q2), where q1 is the output of Firm 1 and
    14·1 answer
  • At Green Acres Fencing Company, eight employees each perform various aspects of the company's work. One person does sales, four
    9·1 answer
  • Select the correct answer.
    15·1 answer
  • Janice is trying to determine what type of training should be developed for her employee Greg. Janice knows that Greg is a hands
    5·1 answer
  • (BRAINLIST)
    6·1 answer
  • With​ e-commerce and the​ internet, which of the following depicts a trend in​ advertising?
    6·1 answer
  • A bank has an average duration of its liabilities equal to 2 years. The bank's average duration of its assets is 3.5 years. The
    7·1 answer
  • Special Forces is a unique division of the U.S. military. These highly trained individuals work in teams and often plan their ow
    5·1 answer
  • Economic questions always deal with:
    7·1 answer
  • WILL MARK BRAINLIEST QUIZ ENDS AT 9:40am TODAY!!!
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!