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
sweet-ann [11.9K]
3 years ago
14

(True) or (False)? The total amount of depreciation accumulated for an asset over its entire life will differ depending on the m

ethod of depreciation used.
Business
1 answer:
vladimir1956 [14]3 years ago
5 0

Answer:

True

Explanation:

Let us illustrate this using the below hypothetical case:

Asset acquired-motor vehicle

useful life is 3 years

salvage value $20,000

cost of the asset=$100,000

depreciation methods:

straight-line method

double-declining balance method

depreciation under straight-line method=(cost-salvage value)/useful life

depreciation under straight-line method=($100,000-$20,000)/3=$26,666.67  

accumulated depreciation for 3 years=$26,666.67  *3=$80,000

double declining balance method:

double-declining rate=100%/useful life *2=100%/3*2=67%

2 means double

year 1 depreciation=$100,000*67%=$67,000

year 2 depreciation=($100,000-$67000)*67%=$22,110  

year 3 depreciation=($100,000-$67000-$22110)*67%=$7,296  

accumulated depreciation for 3 years=$67,000+$22,110+$7,296=$96,406  

$80,000 not equal to $96,406  

You might be interested in
Which is least like the others<br> Bear, badger, elephant, hamster
grin007 [14]
Elephant I would guess........
6 0
3 years ago
________ distribution is a strategy in which producers of convenience prodcuts and raw material stock their products in as many
dem82 [27]

Answer:

Intensive Distribution

Explanation:

Intensive distribution is a strategy in which producers of convenience products and raw material stock their products in as many outlets as possible.

In this strategy, the producers of convenience products try to provide the product to the consumers where and when they want. In this way, consumers get brand exposure for any product they wish to buy and also it made convenient for them to buy the product. Example of such products are soaps, biscuits etc.

Thus the answer for the question is Intensive Distribution.

5 0
3 years ago
Read 2 more answers
If someone give gift to his wife of 255000 how much is taxable
padilas [110]
I do believe that gifts to a spouse are exempt from any gift tax. So $0 is taxable.
8 0
3 years ago
Read 2 more answers
January 1, 2016, Karev Corporation granted options to purchase 5,300 of its common shares at $6 each. The market price of common
sergey [27]

Answer:

$1.64 per share

Explanation:

The computation of Number of Shares for computing Diluted Earning per share is shown below:-

Proceeds expected = 5,300 × $6

= $31,800

No. of Shares re-purchased = $31,800 ÷ $11

= $2,891 (rounded)

Net Effect of Stock Option = 5,300 - $2,891

= 2,409 shares

Number of Shares for computing Diluted Earning per share = Outstanding shares + Net Effect of Stock Option

= 71,105 + 2,409

= 73,514

Diluted earnings per share for the quarter = Net income for the quarter ÷ Number of Shares for computing Diluted Earning per share

= $120,805 ÷ 73,514

= $1.64 per share

So, for computing the Number of Shares for computing Diluted Earning per share we simply applied the above formula.

8 0
3 years ago
According to
defon
<span>C.K. Prahalad was a teacher at the University of Michigan and very influential business thinker.</span><span>
According to C.K. Prahalad, the first stage of globalization is </span>when companies produce goods in one country and export them to other countries.
The second stage is when global businesses establish subsidiaries to handle the exports from their home country and at the third stage global firms set up operations in other countries.
7 0
3 years ago
Other questions:
  • Typically, the firms' lowest cost source of financing is ____________ as its cost is tax deductible and it also tends to offer t
    9·1 answer
  • Assume that the full-employment level of output is $2,000 and the price level associated with full-employment output is 100. Als
    15·1 answer
  • The following data is obtained from the general records in the shipping department at Rapid Parcel Delivery Company for August:
    13·1 answer
  • Tara is shopping at a department store in the mall. before checking out she wants to make sure she brought enough money to pay f
    13·1 answer
  • You and your neighbor Diane have agreed to be partners in CreatePlace Site Design, a website design business for small businesse
    10·1 answer
  • Desiree is reluctant to take a promotion because it involves moving. She knows little about the area she would be living in. Acc
    9·2 answers
  • Common methods of alternative dispute resolution include all of the following EXCEPT________.
    7·1 answer
  • At what wage rate will there be excess labor supplied in the market?
    11·2 answers
  • Marv Company's direct labor costs for manufacturing its only product were as follows for October: Standard direct labor hours pe
    9·1 answer
  • The law of diminishing utility states that added satisfaction declines as a consumer acquires additional units of a given produc
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!