Answer: 50400
Explanation:
- Straight-line rate= 100%/ 5 years= 20%
- Double declining Expense= 20% x 2= 40%
From Oct1 to Dec 31 is 9 months/ 12 months a year
- Depreciation Expense year 1= $120000x 0.4x 9/12= $36000
- Book value year 1= beginning year 2= $120000-$36000= $84000
- Book value year 2= $84000- ($84000x0.4)= $50400
Under absorption costing the cost per unit of goods includes the element of fixed cost thus when goods are not sold a portion of fixed costs gets deferred to the next accounting period, thus as can be observed $10 of 1000 units has been deferred to the next period, hence the net profit under absorption costing will be $10000 ($10*1000) higher.
Under Variable costing the fixed cost for the period will be incurred in the same period as they are not included in the per unit cost.
Thus from the above observation absorption costing net operating income would be higher than its variable costing net operating income by $10000.
A interest rates is lower payments lower cost over all is lower based ion rate.<span />
<u>Answer:</u>$40,000
<u>Explanation:</u>
Bad debt expense is referred to as the noncollectable accounts receivables in a company. Allowance for doubtful accounts is made by Labrador Inc as the company is sure that the goods sold in credit will not be received by the company. The amount which has to be written in the year is the amount which cannot be recovered by the firm. The opening and closing balance of the allowances have to be adjusted in the bad debt expense to find out the final amount to be written off in the balance sheet from accounts receivable.
Bad debt expense $60000
(Add) Opening balance
Allowance for doubtful accounts $42000
(Less) Closing balance
Allowance for doubtful accounts $62000
Total write off during the year $40000
The answer is complicated by the fact that the future is uncertain.
Saving money usually implies having it on hand when we need it and having a minimal chance of losing its value. Typically, investing has a long-term view, such as our children's college fund or retirement. The most significant and fundamental distinction between saving and investing is risk.
Savings vary from investing in that savings are often put into a bank savings account or a fixed deposit. Investing, on the other hand, is purchasing assets such as real estate, gold, stocks, or mutual fund shares that have the potential to increase in value over time.
Therefore, the answer is complicated by the fact that the future is uncertain.
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