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jarptica [38.1K]
3 years ago
7

The cost of an asset is $ 1,020,000​, and its residual value is $ 100,000. The estimated useful life of the asset is ten years.

Calculate depreciation for the first year using the two minus declining minus balance method of depreciation.​ (Do not round any intermediate​ calculations, and round your final answer to the nearest​ dollar.)
a. $ 204.000
b. $ 92.000
c. $ 102. 000
d. $ 184.000
Business
1 answer:
dsp733 years ago
6 0

Answer:

Option (a) $204,000

Explanation:

Data provided in the question:

Cost of the asset = $1,020,000

Residual value = $100,000

Useful life = 10 years

Now,

Using the 2-declining-balance method of depreciation

The rate of annual depreciation = 2 × [ 1 ÷ Useful life ]

= 2 × [ 1 ÷ 10 ]

= 0.20

Therefore,

Depreciation for the first year = Cost × Rate of depreciation

= $1,020,000 × 0.20

= $204,000

Hence,

Option (a) $204,000

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Answer:

Quantity demanded is the amount of a good that buyers are willing and able to purchase at a particular price. Many things determine demand, but only price can determine the quantity demanded of a specific good. If you have the money and are willing to buy 2 ice cream cones a week, at $2 per cone, the quantity demanded would be 2 cones a week. Now, what happens if the price increases to $4 a cone? If you are like most people, the quantity of ice cream cones you demand will decrease as the price rises. In this case, assume your quantity demanded is now only 1 cone a week, which is what you are willing and able to buy. Notice that as the price of the cones increases, the quantity of ice cream cones demanded decreases. This means quantity demanded is negatively related to price-which means they have an inverse relationship. Economists refer to this relationship as the law of demand. The law of demand states that, other things being equal, when the price of a good rises, the quantity demanded of that good falls. The reverse is also true-when the price of a good falls, the quantity demanded of that good rises. The combination of the quantities people are willing and able to buy of a good or service at various prices constitutes a demand schedule. When the demand schedule is graphed, the demand curve is downward sloping.

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Brandon is in a band. His band has recently produced a new song. Which intellectual property law best protects the band's song from being stolen or reproduced by others is Copyright.

<h3>What is Copyright? </h3>

Original works of authorship are protected by copyright, a type of intellectual property, as soon as the author fixes the work in a tangible form of expression.

A product that is considered creative and that takes a lot of mental effort to generate is considered intellectual property and needs to be protected from unlawful replication.

Computer programs, works of art, poetry, graphic designs, musical lyrics and compositions, novels, films, innovative architectural designs, website material, etc. are examples of unique inventions. Copyright is one measure that can be taken to formally protect an original creation.

Hence, Brandon is in a band. His band has recently produced a new song. Which intellectual property law best protects the band's song from being stolen or reproduced by others is Copyright.

To know more about Copyright follow the link.

brainly.com/question/16774161

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