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Daniel [21]
2 years ago
12

TB MC Qu. 08-104 Marlow Company purchased a point of... Marlow Company purchased a point of sale system on January 1 for $3,400.

This system has a useful life of 10 years and a salvage value of $400. What would be the depreciation expense for the first year of its useful life using the double-declining-balance method
Business
1 answer:
Fittoniya [83]2 years ago
3 0

Answer:

$680

Explanation:

Calculation to determine What would be the depreciation expense for the first year of its useful life using the double-declining-balance method

Depreciation expense=3400*(100%/10 * 2)

Depreciation expense=3400*.2

Depreciation expense= 680

Therefore What would be the depreciation expense for the first year of its useful life using the double-declining-balance method is $680

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A certain project has three activities on its critical path. Activity A’s normal completion time is five days. It can be crashed
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Answer:

Acitivy B should be crashed first by 2 days and Activity B has a crash cost per days of $25, it will be crashed for a total of $50.

Explanation:

activity A =

normal time (NT) = 5 days

Normal cost (NC) = $0

crash time (CT) = 3 days

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crash cost per day = [CC - NC]/[CT - NT] = $250/day

activity B:

normal time (NT) = 6 days

Normal cost (NC) = $0

crash time (CT) = 4 days

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crash cost per day = [CC - NC]/[CT - NT] = $25/day

activity C:

normal time (NT) = 8 days

Normal cost (NC) = $0

crash time (CT) = 3 days

Crash cost (CC) = $1000

crash cost per day = [CC - NC]/[ CT- NT] = $200/day

The activity that takes the least cost to speed up is the first one to be crashed. from the computations, activity B takes the least cost to speed up, so the project manager should crash activity B first by 2 days.

Therefore, Acitivy B should be crashed first by 2 days and Activity B has a crash cost per days of $25, it will be crashed for a total of $50.

6 0
2 years ago
[5] According to the FASB’s conceptual framework, which of the following best describes the distinction between expenses and los
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Answer:

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The expenses represent the cash outlow or liabilities taken to carry out the activities to continue his operations.

While the Gains and Losses are incidental transactions or other events which are not controlled by the entity management. They aren't the outcome of the company's decisions. Thus, they could arise from changes in price of real state, equipment, tecnology breakthrough which means equipment obsolete and so on.

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BuyCostumes.com is the fastest growing Internet apparel company. Since their founding in 1999 they have experienced the challeng
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