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Daniel [21]
3 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]3 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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False

Explanation:

  • With litigation issues they don't get private, because every one can go to the court and will have knowledge of the dispute resolution process.

  • It is not always quicker also, it sometimes could take even more than a year before there will be a ruling over the dispute by the court. Mostly appealing to the court by both parties makes the resolution longer.

  • It is costly also, in terms of both time and money, a lawyer will have to be hired if the firm or individual doesn't have one and up and down transportation to and fro the court is all costly.

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After months of thinking about the new laptop she heard about from a friend, anna finally decides it’s time to buy it. In what s
inna [77]

The stage of the customer journey of Anna is the Purchase phase.

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7 0
2 years ago
Activity-based costing (ABC) systems ________. A. Unselected have the same cost allocation system as plantwide and departmental
atroni [7]

Answer:

D. have separate cost allocation rates for each activity identified by the company CORRECT

There will be activity cost pool which, will be distribute among the product using different cost driver like machien hours, direct labor hours or other.

Explanation:

A. have the same cost allocation system as plantwide and departmental cost allocation systems

NO If it was, then it would not have a different name

B. have no cost allocation rates for each activity identified by the company

If we don't have rates to distrubte cost then, the allocation will be arbitrary

C. have combined cost allocation rates for each activity identified by the company

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4 0
3 years ago
Which of the following statements most accurately describes the state of banking in the U.S.?
trapecia [35]

Answer:

B. A large number of very large and small banks

I think

8 0
3 years ago
Carol wants to invest money in a 6% CD account that compounds semiannually. Carol would like the account to have a balance of $5
mash [69]

Answer:

PV= $37,204.70

Explanation:

Giving the following information:

Interest rate= 6% compounded semiannually= 0.03

Future value= $50,000

Number of periods= 5*2= 10

To calculate the initial investment to reach the objective, we need to use the following formula:

PV= FV/(1+i)^n

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PV= $37,204.70

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3 years ago
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