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
Company XYY has recently won several bids and is now discussing how to structure the staff so that every contract can be success
SSSSS [86.1K]

Answer:

Two structures that the company can use:

Functional structure: this is the most common type of organizational structure, and it might be the one that company XYY already uses.

In this structure, the firm is divided among departments that have a specific role, or function.

The most basic division would include a production department, a marketing department, a finance or accounting department, and a marketing department.

Flatarchy: a term that is a combination of the word "flat", and the word "hierarchy", it simply means "flat hierarchy".

This innovative organizational structure does not really promote a specific hiearchy or division, and instead, all employees work closely together for a common goal, in a attempt at building a more colaborative and holistic approach.

4 0
3 years ago
Read 2 more answers
Select the things are considered psychological influences on the purchase decision process?
alukav5142 [94]

The things are considered psychological influences on the purchase decision process:

  • learning
  • value
  • beliefs
  • attitudes

<h3>What is referred to as the purchase decision?</h3>

This is the term that is used to refer to all of the ways that the person that would have to use a product would end up getting the product that they want to fulfill a particular need. It is what can be used to describe the drivers of their purchases.

In the stage of making a purchase decision. the person that is the consumer would have formed the intention that they want to buy a particular brand of product. This is the fourth stage that is is the consumer decision process.

Hence we can say that the things are considered psychological influences on the purchase decision process:

  • learning
  • value
  • beliefs
  • attitudes

Read more on purchase decision here: brainly.com/question/7029808

#SPJ1

8 0
11 months ago
When a person is developeing a plan, he must understand the or what he is selling.
9966 [12]

Answer:

Product

Explanation:

When a person is developing a plan, he must understand the product he is selling.

He can only develop an effective plan if he knows the complete dimensions of the product at hand. An incomplete understanding would lead to developing an ineffective plan that might create the wrong perception of it in the minds of the consumer and eventually effect the sales negatively or maybe engage the wrong market in the process.

4 0
3 years ago
Waterway Company sells goods to Wildhorse Company during 2017. It offers Wildhorse the following rebates based on total sales to
Dmitrij [34]

Answer:

Account Receivables 85.446‬ debit

           Sales Revenues         85.446‬ credit

Explanation:

It should consider the rebate of 6% will be achieved considering the past experience

Also 28,000 units per years / 4 quarter per year = 7,00. untis per year

this quarter sales are also sufficient groudn that the rebate will be achieved.

90,900 x (1 - 0.06) = 85.446‬‬ Sales Revenue

5 0
3 years ago
Conor Airlines Inc. recently issued $50 par value preferred stock that pays a 8.25% dividend rate per year. Yahoo.finance shows
adell [148]

Answer: $38.39

Explanation:

First calculate the required return according to CAPM;

Required return = Risk free rate + beta ( market return - risk free rate)

= 2.50% + 0.97 ( 11% - 2.50%)

= 10.745%

Then using the Dividend discount model and remembering that there is no growth rate;

Value = Next dividend / ( required return - growth rate)

= (50 * 8.25%) / ( 10.745% - 0)

= 4.125/10.745%

= $38.39

4 0
3 years ago
Read 2 more answers
Other questions:
  • Roofing Issues. Sally agrees to roof a house for Bob. After doing his research, Bob chooses Sally based on her great reputation
    7·1 answer
  • Modified multiple choice in a business letter, the inside address usually contains the addressee’s ____.
    6·1 answer
  • Powers Company reported net sales of $1,250,000, average Accounts Receivable, net of $73,500, and net income of $53,150. The acc
    6·1 answer
  • A CPA can accept a gift from a client as long as:
    10·1 answer
  • A formal agreement between separately owned and controlled facilities to officially coordinate and share certain activities is m
    12·1 answer
  • Tony Manufacturing produces a single product that sells for​ $80. Variable costs per unit equal​ $50. The company expects total
    8·1 answer
  • During the purchase phase for a new car, Larry creates a _____ that includes Chrysler 300 and Toyota Avalon, but does not includ
    5·1 answer
  • Charles has decided to open a​ lawn-mowing company. To do​ so, he purchases mowing equipment for ​$​, buys gasoline ​($ in gas i
    7·1 answer
  • The amount of money left in a checking account after the checks and the service charges have been deducted is called the:
    11·2 answers
  • What are subchapter c earnings and profits (e&amp;p)? how does the existence of such e&amp;p affect the s corporation's ability
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!