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Shalnov [3]
2 years ago
13

Carly Company plans to depreciate a new building using the double declining-balance depreciation method. The building cost is $9

60,000. The estimated residual value of the building is $66,000 and it has an expected useful life of 25 years. Assuming the first year's depreciation expense was recorded properly, what would be the amount of depreciation expense for the second year
Business
1 answer:
ahrayia [7]2 years ago
4 0

Answer:

Straight line method rate = 1/ Number of years * 100  = 1/25*100 = 4%

Double declining balance depreciation = 2*Straight line method rate*Book value

First Year depreciation = 8%*$960,000

First Year depreciation = $76,800

Second year depreciation = 8% * (Book Value as on 1st year - First Year depreciation)

Second year depreciation = 8%*($960,000-$76,800)

Second year depreciation = 8%*$883,200

Second year depreciation = $70,656

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What is software piracy?
Dafna11 [192]

Answer:

it's B

Explanation:

Allow me to clarify:

according to Google

software piracy is the illegal copying, distribution, or use of software

5 0
3 years ago
Read 2 more answers
(Present value tables are needed.) Miami Marine Enterprises is evaluating the purchase of an elaborate hydraulic lift system for
amm1812

Answer:

C. $358,455

Explanation:

As per given data

                                                           B14 Model    F54 Model

Investment                                         $320,000    $240,000

Useful life (years)                                      8                 8

Estimated annual net cash inflows   $75,000      $40,000

Residual value                                    $30,000     $10,000

Depreciation method Straight-line Straight-line

Required rate of return                        14%                10%

Net Present value of the net cash inflows can be calculated by using the formula of present value of annuity because the cash inflows of each year are constant cash flows.

Present value of Annuity = P x [ ( 1 - ( 1 + r )^-n ) / r ]

Where

P = Annual cash inflows = $75,000

r = required rate of return = 14%

n = numbers of periods = 8 years

Placing values in the formula

Present value of cash inflows = $75,000 x [ ( 1 - ( 1 + 14% )^-8 ) / 14% ]

Present value of cash inflows = $347,915

Present value of residual value of asset can be calculated by discounting the residual value using required rate of return.

Formula for Discounting

Present value = P (1 + r)^-n

Where

P = Value to be discounted = $30,000

r = required rate of return = 14%

n - numbers of periods = 8 years

Placing values in the formula

Present value of residual value = $30,000 x ( 1 + 14% )^-8 = $10,517

Total Present value = $10,517 + 347,915 = 358,432

There is a difference due to the rounding effect in the calculations, the closest value id C. $358,455

8 0
3 years ago
It is reasonable to state that one object has twice as much of the attribute property when it has a score of 60, and the other o
Ad libitum [116K]

Answer:

The answer is option <u>D) Ratio Scale</u>

Explanation:

Ratio scale is a type of variable measurement scale which is quantitative in nature. Ratio scale allows any researcher to compare the intervals or differences.

The most common examples of ratio scale are height, money, age, weight etc. With respect to market research, the common examples that are observed are sales, price, number of customers, market share etc.

you can use multiplication or division to "scale" ratios.

Multiplying or dividing all terms in a ratio by the same number creates a ratio with the same proportions as the original, so, to scale your ratio, multiply or divide through the ratio by the scaling factor

8 0
3 years ago
Some of the mangos from your neighbor's mango tree drop into your yard. You don't like mangos and the fallen mangos make it hard
Tanya [424]

Answer:

You pay your neighbor $400 to cut the tree down.

Explanation:

You pay your neighbor $400 to cut the tree down.

The amount paid to the neighbor is to be more than the value of the tree as your neighbour values and this will satisfy as per the Coase Theorem which states that amount paid for the damage caused due to negative externality should be more than the value that the person attaches to production of externality.Also, it is to be lower than the cost which the person has to bear because of mango production and thus as a result both gain $100 in the process.

4 0
3 years ago
Read 2 more answers
I need help with this question Ill mark brainliest
Dovator [93]
Gross monthly income:$1,125
Monthly Federal income tax (11.6%): $130.50
Monthly Social security (FICA) (6.2%): $69.75
Monthly Medicare (1.45%): $16.3125
Monthly State Tax (4%): $45
Monthly Local Tax (0.1%): $1.125
Total Monthly deductions $262.6875
Trey’s NMI $862.3125
Explanation:
Calculation for What is his monthly taxes
First step is to calculate the Gross monthly income
Using this formula
Gross monthly income=Annual salary/Numbers of months in a year
Let plug in the formula
Gross monthly income=$13,500/12 months
Gross monthly income=$1,125
Therefore the Gross monthly income is :$1,125
Monthly Federal income tax (11.6%): $130.50
($1,125*11.6%)
Monthly Social security (FICA) (6.2%): $69.75
($1,125*6.2%)
Monthly Medicare (1.45%): $16.3125
($1,125*1.45%)
Monthly State Tax (4%): $45
($1,125*4%)
Monthly Local Tax (0.1%): $1.125
($1,125*0.1%)
Total Monthly deductions $262.6875
($130.50+$69.75+$16.3125+$45+$1.125)
Trey’s NMI $862.3125
Trey’s NMI=Gross monthly income-Total Monthly deductions
Trey’s NMI=$1,125-$262.6875
Trey’s NMI=$862.3125
Therefore his monthly taxes are:
Gross monthly income:$1,125
Monthly Federal income tax (11.6%): $130.50
Monthly Social security (FICA) (6.2%): $69.75
Monthly Medicare (1.45%): $16.3125
Monthly State Tax (4%): $45
Monthly Local Tax (0.1%): $1.125
Total Monthly deductions $262.6875
Trey’s NMI $862.3125
7 0
3 years ago
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