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
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

You might be interested in
With respect to gift giving and gift receiving, ____ refers to money paid before an exchange.
vlabodo [156]

Answer:

With respect to gift giving and gift receiving, <u>a bribe</u>  refers to money paid before an exchange.

Explanation:

A gift is something given to another person to show affection. In response to giving the gift, the person doesn't have any expectations.

In the business world, a gift becomes a bribe when it is given for any political or business favours. Hence, it is unethical to share gifts for this purpose in the business.

A bribe is usually given before asking for a favour. Bribe is seen as a major cause of corruption and is illegal under the law of almost every country in the world.

4 0
2 years ago
COMPARE AND CONTRAST WHOLE LIFE,VARIABLE LIFE AND TERM LIFE?
Sergeu [11.5K]

Answer:

WHOLE LIFE: This policy covers the person for his entire life and then pays a cash revenue that is guaranted for the investments made during the life of the owner of the policy. For this benefits to be obtained the person must pay a fixed high premium for it.

VARIABLE LIFE: This policy covers the person for the same period as the whole life insurance but the premium is not fixed as the cash revenue for investments is not guaranted.

TERM LIFE: The term life insurance is set up for an especific period the premiums are the lowest and persons won't collect any cash payments for revenues made out of investments at the end of the coverage of the policy.

3 0
2 years ago
Read 2 more answers
Which sector has lost more jobs due to technological changes?
k0ka [10]

The sector that lost more jobs due to technological change is the Banking sector.

Technological improvement entails the advancement of technology in carrying out business activities supposed to be performed by employees.

The increase in use of software technology means that industries and jobs that relies on employees effort will now rely on computers.

Therefore, the sector which lost more job due to the technological changes is the Banking sector because more software technology are now used, thus resulting to lay-off of bank workers.

Learn more about this here

<em>brainly.com/question/3578036</em>

4 0
2 years ago
Jack works in a clothing store at the mall. He is paid on commission, so the more he sells the more money he makes. When a custo
Ann [662]

Answer:

Egoism

Explanation:

Jack reason follows the philosophy of egoism where he is always trying to act for his own benefits (commission). Jack acts humbly, and pay attention to his customers because it is in his best interests to make them like him, the cloth(es) and buy his clothing item(s). Jack is actually after his self interest.

6 0
3 years ago
Advertising is important for most companies, especially companies such as P&amp;G that sells mostly to end customers. But, most
kari74 [83]

Explanation:

All for-profit companies have a marketing strategy.

P&G is a business to consumer (B2C) company, so no matter how much you sell your products to large retailers, the end user will always be an individual whose needs may change and the company must be mindful that their products comply with user requirements.

P&G can establish marketing actions through retailers for which it sells, with in-store display advertising models. You can also use customer interaction to get fundamental feedback so that the company guides its pricing strategy and new product development.

So even with established market products, relationship marketing is a key strategy for large corporations that want to build customer loyalty and achieve market leadership.

5 0
2 years ago
Other questions:
  • Jaylan decided she no longer liked the car she was leasing and turned it in a year before her lease was up. what kind of fee wil
    12·2 answers
  • Becoming the candy lady tips for advertising and employing
    14·1 answer
  • Keesha Co. borrows $200,000 cash on November 1, 2015, by signing a 90-day, 9% note with a face value of $200,000.
    9·1 answer
  • Daniel's workplace has no structured hierarchy, and all employees are treated equally regardless of their designations or roles
    11·1 answer
  • Currently, at a price of $1 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity
    11·1 answer
  • Ford Corporation is pulling together its direct labor budget for the next two months. Each unit of output requires 0.05 direct l
    7·1 answer
  • Phil has been working on a new version of his company's best-selling sales management software and now he'd like to ask several
    5·1 answer
  • When china's clothing industry expands, the increase in world supply lowers the world price of clothing. consider the effects th
    8·2 answers
  • Financial markets bring together people interested in purchasing or selling <br> what?
    10·1 answer
  • Implementing the closure process includes several _______ activities, including getting delivery acceptance from the customer.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!