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
attashe74 [19]
2 years ago
7

Tidy Limited purchased a new van on January 1, 2018. The van cost $36,000. It has an estimated life of six years and the estimat

ed residual value is $3,600. Tidy uses the double-declining-balance method to compute depreciation. What is the adjusted balance in the Accumulated Depreciation account at the end of 2019
Business
1 answer:
dezoksy [38]2 years ago
8 0

Answer:

$18,002.88

Explanation:

Depreciation Expense = 2 × SLDP × BVSLDP

Where,

SLDP = 100 ÷ Number of useful life

Therefore,

SLDP =  100 ÷ 6

         = 16.67 %

2018

Depreciation Expense = 2 × 16.67 % × ($36,000 - $3,600)

                                      = $10,802.16

2019

Depreciation Expense = 2 × 16.67 % × ($36,000 - $3,600 - $10,802.16)

                                      = $7,200.72

Accumulated Depreciation at the end of 2019 :

Accumulated Depreciation = $10,802.16 +  $7,200.72

                                             = $18,002.88

You might be interested in
The overall process of building and maintaining profitable customer relationships by delivering superior customer value and sati
Yanka [14]

Answer:

customer relationship management

4 0
2 years ago
- Why do so many people still sign up for overdraft protection when it is not always ?
KengaRu [80]

Answer:

This protection usually covers checks, ATM transactions, and debit card transactions. Overdraft protection may make more financial sense, will result in the recipient not knowing your low bank balance, and ensures emergency transactions process.

Explanation:

8 0
1 year ago
At the end of January of the current year, the records of NewRidge Company showed the following for a particular item that sold
const2013 [10]

FIFO will result in higher pretax income and EPS.

FIFO ("first in, first out") is based on these production costs, assuming that the oldest products in a company's inventory are sold first. The LIFO (last in, first out) method assumes that the newest product in the company's inventory was sold first, and uses that cost instead.

FIFO (First In, First Out) Inventory Management evaluates inventory to reduce the likelihood of business losses when products are phased out or discontinued. LIFO (last in, first out) inventory management is suitable for non-perishable goods and uses the current price to calculate the cost of goods sold.

Learn more about FIFO at

brainly.com/question/24938626

#SPJ4

5 0
1 year ago
A company received a bill for newspaper advertising services received, $400. The bill will be paid in 10 days. How would the tra
Aleksandr-060686 [28]
Debit Advertising expense $400, credit accounts payable 400.
6 0
3 years ago
A cosmetics company is conducting a second-year review of one of its newest products. The marketing department expects that the
-BARSIC- [3]

Answer:

sensitivity analysis

Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question the senior management is undertaking sensitivity analysis. This is a study of what kind of relationship exists between the inputs and outputs of a system and how much uncertainty exists between them. This is what the senior management is undertaking when determining different factors which might lead to different profit projections.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
Other questions:
  • Your salmon dish has a food cost of $4.76, and your price includes a markup of 300%. You decide to decrease your percentage mark
    6·1 answer
  • Ed logg is credited with the development of which of these games?
    8·1 answer
  • 1. Do you believe E-sports will continue to grow in the future? Why or why not?
    5·2 answers
  • Which of the following conforms to the notion put forward by the school of thought associated with stage models? a. Natural reso
    12·1 answer
  • For a performance appraisal to be effective, it should do all of the following except: a. take place several times a year b. be
    14·1 answer
  • Describe whether the following changes cause the short-run aggregate supply to increase, decrease, or neither. a. The price leve
    12·1 answer
  • A broker took earnest money from a buyer. He deposited the money in the trust account, but when his electric bill was due, the b
    11·1 answer
  • Mr. G obtains a $70,000 loan today. He will repay the bank with equal payments to be made at the end of each 6-month period, or
    5·1 answer
  • During 2017, the Gateway City government recorded a $15,000 transfer from the General Fund to an internal service fund; a $25,00
    13·1 answer
  • Nico's net take-home pay per month is $2,100. What is the maximum dollar amount of debt payments, excluding a home mortgage, he
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!