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
algol13
3 years ago
10

A video-recording system was purchased 4 years ago at a cost of $37,000. A 5-year recovery period and DDB (Double Declining Bala

nce) depreciation have been used to write off the basis. The system is to be replaced this year with a trade-in value of $5,000. What is the difference between the book value and the trade-in value
Business
1 answer:
AysviL [449]3 years ago
8 0

Answer:

The trade in value is higher than the book value by $ 205

Explanation:

Computation of Book value

In a double declining balance method of depreciation, the rate of depreciation is double the straight line rate and is depreciated on a declining balance.

Cost of Equipment                                                                            $ 37,000

Estimated useful life ( Recovery Period)                                             5 years

Straight Line Depreciation rate                                                            20 %

Double declining Method depreciation  rate                                      40 %

Cost                                                                                                     $ 37,000

Depreciation for year 1   at 40 %                                                        <u>$(14,800)</u>

Depreciable basis for year 2                                                              $ 22,200

Depreciation for year 2   at40 %                                                       <u>$ ( 8,880)</u>

Depreciable basis for year 3                                                              $  13,320

Depreciation for year 3   at 40 %                                                        <u>$ (5,328)</u>

Depreciable basis for year 4                                                               $   7,992

Depreciation for year 4   at 40 %                                                        <u>$    3,197) </u>

Depreciable basis for year 5                                                                $  4,795

The depreciable basis for year 5 is the net book value after 4 years

The trade value is                                                                                  $ 5,000

The trade in value is higher by                                                             $     205

You might be interested in
Tell us about a time when you went above and beyond for a customer or a time someone went above and beyond for you.
TEA [102]

As a customer service representative, I have always strived to exceed customer expectations. After helping the customer with the problem, we will get back to you the next week. I will double-check if there is anything wrong with the product you purchased and if there is anything else I can help you with.  My simple approach helped these customers make a good impression on the company and improved customer satisfaction.

When preparing responses to behavioral interview questions such as the following, you can organize your ideas according to the STAR format.

S: Situation - Brief background to the story.

T: Task - Please describe what was expected of you and the minimum required.

A: Action - tells you what you did and how you did it.

R: Results - Finally, show that your efforts have led to better results.

Five Mistakes to Avoid

Don't talk too much.

Avoid non-work experience.

Avoid vague answers.

Avoid suspicious situations (such as unethical behavior).

It doesn't sound like you were forced to do what you did.

Learn more about customers here: brainly.com/question/26313265

#SPJ4

8 0
2 years ago
Please help me. I will mark you as brainliest !!
natali 33 [55]

Answer:

The answer is C

Explanation:

Let's say that we have 100 cars unique in the world and each car's value is 10000$. Now, let's say that you have 3 cars like the last ones, 3 cars unique in the world? You won't sell them at 10000$, you have to increase the price because the cars are very rare.

8 0
3 years ago
If bond interest expense is $800,000, bond interest payable increased by $8,000 and bond discount decreased by $2,000, how much
Zarrin [17]
<span>If bond interest expense is $800,000, bond interest payable increased by $8,000 and bond discount decreased by $2,000, how much cash was paid for bond interest? = </span>$806,000
5 0
3 years ago
Assume that the marginal cost​ (MC) of production is increasingincreasing. Can you determine whether the average variable cost​
ki77a [65]

Answer:

YES - When marginal cost​ (MC) of production is increasing, the average variable cost​ (AVC) is increasing.

Explanation:

Marginal cost (MC) is the cost of producing an extra unit of output while Average variable cost (AVC) is the cost per unit of output produced.

When MC is below AVC, MC pulls the average down. This means that when MC is falling, AVC is falling

When MC is above AVC, MC is pushing the average up; therefore when MC is rising, AVC is rising.

The conclusion is that MC and AVC have a direct relationship and a rise in one will cause a rise in the other , therefore when the marginal cost​ (MC) of production is increasing, the average variable cost​ (AVC) is increasing.

3 0
3 years ago
At March 1,2020, Candy inc. Had supplies on hand of $500. During the month Candy purchased supplies of $1200 and used supplies o
solong [7]

Answer: The March 31 adjusting journal entry shoud include $1200

Explanation: Given that the

Supplies on hand = $500

Candy purchased supplies of $1200 and used supplies of $500

The unused supplies will be:

1200 - 500 = 700 dollars

The March 31 adjusting journal entry shoud include the addition of the supplies on hand and the unused supplies. That is,

500 + 700 = 1200 dollars

8 0
3 years ago
Other questions:
  • The Federal Reserve can: A. simultaneously set any money supply and any nominal interest rate target. B. set the target money su
    10·1 answer
  • Don purchases a car from Downtown Motors. Downtown Motors had purchased the car from Cindy
    5·1 answer
  • *NEED HELP ASAP* A borrower may be able to get a lower rate on a loan if he or she offers to the lender a sizeable _______
    5·2 answers
  • Which of the following is NOT the quantity theory of money
    13·2 answers
  • A small private college situated in a rural geographic setting, a research lab at a bio-tech company and an attorney could all b
    14·1 answer
  • Tito Company reports a $20,000 increase in inventory and a $5,000 decrease in accounts payable during the year. Cost of Goods So
    13·1 answer
  • Which persuasive appeal do you think is the most effective in advertising? Explain.
    9·1 answer
  • Kokomochi is considering the launch of an advertising campaign for its latest dessert product, the Mini Mochi Munch. Kokomochi p
    9·1 answer
  • What is the balance of the manufacturing overhead account and is overhead underapplied or overapplied at the end of the year?.
    5·1 answer
  • How many hours a week should a student plan to study for a three-credit course in a 15-week session?.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!