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
svetlana [45]
3 years ago
6

QS 8-7 Computing revised depreciation LO C2 On January 1, the Matthews Band pays $65,200 for sound equipment. The band estimates

it will use this equipment for five years and after five years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is not changed. Compute the revised depreciation for both the second and third years.
Business
1 answer:
seraphim [82]3 years ago
5 0

Answer:

$25,280 per year

Explanation:

The computation of the revised depreciation for both the second and third years is shown below:

But before that following calculations need to be done

Depreciation for year 1 = [Cost – Salvage Value] ÷Useful Life

= [$65,200 - 2,000] ÷ 5 Years

= $12,640

Now Book Value at point of revision is

= Cost - First year depreciation

= $65,200 - $12,640

= $52,560

Now

Remaining Depreciable Cost = Book Value at the point of revision - Salvage Value

= $52,560 – 2,000

= $50,560

And, finally Depreciation per year for Year 2 and 3 is

= Depreciable cost / Remaining useful life

= $50,560 ÷  2 Year

= $25,280 per year

You might be interested in
If GDP is expected to increase at a steady rate of 3% per year, how many years would it take for living standards to double
Troyanec [42]

Answer:

24 years

Explanation:

In a situation where a country GDP which is fully known as GROSS DOMESTIC PRODUCT was been expected to increase or grow at a rate of 3% per year or per annual which means that it will actually takes up to 24 years for a country economy living standard to double .

Therefore the numbers of years it would take for a country living standards to double will be 23 years.

5 0
3 years ago
1. At what level does the supervisor fit in the organizational pyramid? Describe a major trend that is changing the role of the
vredina [299]

Answer:

1. Supervisors fit in the middle level of the organization pyramid.

2. A major trend that is changing the role of the supervisor at that level is the concepts of mentoring, coaching, and staff training.  The supervisor's role is expanding to include these activities that will ensure process improvement, enforce adherence to organization's rules, and enable improved cross-functional relationships.

Explanation:

Primarily, supervisors are known to motivate employees, direct the activities of others, select the most effective communication channel, and resolve conflicts among team members.  However, the changing trend now views the supervisor as an educator, sponsor, coach, counselor, and director.  Therefore, the supervisor is expected to deplore all his skill-sets, including effective communication in combination with daily conflict resolution, transformational leadership, critical thinking, interpersonal relationship, time and priority management, and problem-solving skills.

4 0
3 years ago
Which of the following individuals and groups are considered intermediaries in the healthcare industry?
Marina CMI [18]

Answer:

C. health maintenance organizations

Explanation:

Healthcare intermediaries organizations that form links between small-scale providers to interact with governments, patients and vendors. These organizations can perform key health systems functions which are typically more challenging for individual private providers to do on their own.  An individual pays the health maintenance organisation in advance for medical  care that he may require in the future and the organisation provides  medical care to the individual when the need arises. These organisations are able to provide this care by paying doctors affiliated to them, and  other healthcare providers who deliver care to the patients

6 0
3 years ago
A vendor asks its business partners to place logos or banners on their Web sites. If customers click on a logo, visit the vendor
erma4kov [3.2K]

Answer: Affiliate marketing

Explanation: Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate's own efforts of marketing. Affiliate marketing is the process of earning a commission by promoting other people's (or company's) products. The scenario above illustrates affiliate marketing, because If customers click on a logo, visit the vendor’s site, and make a purchase, then the vendor pays a commission to the partner.

3 0
3 years ago
What is service enterprise​
soldier1979 [14.2K]
A Service Enterprise is an organization that strategically leverages volunteers to achieve operational efficiency and greater social impact. Service Enterprises are among the top 11 percent of nonprofits in the country in volunteer management and organizational performance.
8 0
3 years ago
Other questions:
  • Budgeted depreciation expense would not appear on a:
    13·1 answer
  • What two conditions must producers meet for there to be supply of a product?
    15·1 answer
  • The next dividend payment by Savitz, Inc., will be $2.34 per share. The dividends are anticipated to maintain a growth rate of 4
    7·1 answer
  • A side benefit of international trade is that it links national interests and increases the opportunity costs of war.
    12·1 answer
  • Katie had a high monthly food bill before she decided to cook at home every day in order to reduce her expenses. She starts to s
    6·1 answer
  • ALT Inc. conducts periodic reviews of the distribution of pay and the favorable outcomes granted to employees, such as promotion
    14·1 answer
  • According to the trait approach to leadership, a(n) ___leader overcomes obstacles, makes decisions despite uncertainty, and inst
    13·1 answer
  • Which scenario below is an example of complementary products, based on their cross-price elasticity?A. Bananas and lettuce, with
    11·1 answer
  • What is an origination fee on a loan?
    6·1 answer
  • Matt's factory rents equipment and hires students to produce sports bags. Compare the outputs at which Matt's AVC and ATC curves
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!