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hoa [83]
3 years ago
13

Jing Company was started on January 1, Year 1 when it issued common stock for $31,000 cash. Also, on January 1, Year 1 the compa

ny purchased office equipment that cost $15,500 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $1,600. The equipment had a five-year useful life and a $6,000 expected salvage value. Using double-declining-balance depreciation, what the amount of depreciation expense and the amount of accumulated depreciation, respectively, that would appear on the December 31, Year 3 financial statements?
Business
1 answer:
romanna [79]3 years ago
6 0

Answer:

$156

Explanation:

equipment cost = $15,500 + $1,600 = $17,100

five year useful life ⇒ double declining depreciation rate = (1 / 5) x 2 = 40%

salvage value = $6,000

  • depreciation year 1 = 40% x $17,100 = $6,840, book value = $10,260
  • depreciation year 2 = 40% x ($17,100 - $6,840) = $4,104, book value = $6,156
  • depreciation year 3 = book value - salvage value = $6,156 - $6,000 = $156

When you use the double declining balance, depreciation expenses ceases when the book value = salvage value.

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Explanation:

Operating leverage is a measure of how revenue growth translates into growth in operating income

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3 years ago
Which of these is a function of customer relationship management applications?
REY [17]

Answer:A

Explanation:

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3 years ago
Differentiate between the short run and Long run?​
kramer

Answer:

Short-run is a time limit during which at least one input can be fixed and other input quantities can be verified.

The long run is a time period in which all the inputs can be verified in quantities.

Explanation:

  • Both the fixed and variable costs occur in the short term.
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3 years ago
The rhythmic value of beamed notes is determined by
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A beam is a flat or diagonal line used to attach multiple consecutive notes (and irregularly rests) to designate rhythmic grouping. The rhythmic value can be determined through the number of notes. One beam is 8th note, 2 is 16th, 3 is 32nd, etc. in other words, the first beam touching the stem.

7 0
3 years ago
The Outlet needs to raise $3.2 million for an expansion project. The firm wants to raise this money by selling zero coupon bonds
Pani-rosa [81]

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14,783.33 bonds

Explanation:

Given

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n =20 * 2 =40

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Price per bond:

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      = \frac{1000}{4.619786467}

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3 0
3 years ago
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