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
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

You might be interested in
Customers arrive at a common queue at the coffee station with two identical coffee machines in a busy mall at the rate of 48 per
lutik1710 [3]
I am going to say b but idk
7 0
3 years ago
Dear Ms. Gonzalez: Although I am disappointed to hear that you have selected another candidate for the marketing position, I app
adoni [48]

Answer:

It emphasize on applicant's continued interest because when you create a follow up letter after rejection, candidate should be confident and persistent . He should show confidence in meeting the job requirements.

Explanation:

5 0
3 years ago
______________ are enacted when discontented sellers, feeling that prices are too low,appeal to legislators to keep prices from
TEA [102]

Answer: Price Ceilings

Price Ceilings are usually controlled by the Government and their main use is to keep prices up. Sometimes a customer will switch to other goods and that person that wants there item bought the price will get lower to attract more customers. In this case, they want to keep the prices from falling - therefore, it would be Price Ceilings.

6 0
3 years ago
Suppose your friend is a music major who sings at weddings. She has no fixed or marginal costs for singing and has two types of
ehidna [41]

Answer: a. $4,000

b. $5,000

Explanation:

a. If she can sing at each wedding but decides to maximise profits, she will only sing at the weddings of those paying her $200 as it is the higher of the two payment options.

Should she sing at the $200 customer weddings, she would make;

= 20 people * $200

= $4,000

b. Price Discrimination is the charging of different types of customers different prices for the same or similar goods.

If your friend knows how to perfectly charge the two different groups the different prices that they value her at then she will be able to attend and sing at both weddings making her revenue;

= (10* $100) + (20 * $200)

= 1,000 + 4,000

= $5,000

3 0
3 years ago
Long Market Value: $48,000 Short Market Value: $18,000 Debit: $25,000 Credit: $25,000 SMA: $3,000 Interest charges on the accoun
padilas [110]

Answer:

C. $25,000

Explanation:

The interest charges on the account(margin) are based on the debit balance in the account. Also, credits that came as a result of short sales are usually not matched off against debits in the account, hence interest charges is based on the $25,000 debit balance.

6 0
3 years ago
Other questions:
  • The news headline ​" animations cut movie budgets animations cut movie budgets​" deals with the​ ______​ question(s) of economic
    13·1 answer
  • Handerson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direc
    11·1 answer
  • In the current year, Tanager Corporation (a calendar year C corporation) had operating income of $480,000 and operating expenses
    10·1 answer
  • Evan McWilliams was involved in a two-car accident with Francis Sullivan. It was Evan's fault and Francis was seriously injured
    6·1 answer
  • Dakota Trucking Company (DTC) is evaluating a potential lease for a truck with a 4-year life that costs $40,000 and falls into t
    15·1 answer
  • Kerekes Manufacturing Corporation has prepared the following overhead budget for next month.
    15·1 answer
  • Maud, a calendar year taxpayer, is the owner of a sole proprietorship that uses the cash method. On February 1, 2019, she leases
    11·1 answer
  • Prompt: Write an informative essay that explains the qualities of a hero, and how to recognize heroes in your life.
    6·2 answers
  • Causwell Company began 2021 with 10,000 units of inventory on hand. The cost of each unit was $5.00. During 2021, an additional
    5·1 answer
  • 1.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!