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olga nikolaevna [1]
2 years ago
8

Blossom Chemicals Company acquires a delivery truck at a cost of $32,800 on January 1, 2022. The truck is expected to have a sal

vage value of $4,200 at the end of its 4-year useful life. Assuming the declining-balance depreciation rate is double the straight-line rate, compute annual depreciation for the first and second years under the declining-balance method.
Business
1 answer:
kakasveta [241]2 years ago
4 0

Answer:

$16400

$8200

Explanation:

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life)  

Depreciation factor = 2/4 = 0.5

Depreciation expense in year 1 = 0.5 x $32,800 = $16,400

Book value at the beginning of year 2 =  $32,800 - $16,400 = $16400

Depreciation expense in year 2 = 0.5 x $16,400= $8200

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An effective price ceiling is best defined as a price:
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Imposed by goveement below equilibrium price
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3 years ago
The narrowest definition of the money supply (M1) includes:
fenix001 [56]

Answer:

c. cash, checking account balances, and travelers' checks.

Explanation:

Money Supply is the concept that means the amount of the liquid financial products and total currency in the market or economy. It is regulated the macro-economically by the monetary policy. So, there are types of measures of money supply or stock:

-M0: narrowly, it means the hard currency in circulation

-MB: it equals M0+ the hard currency which are not technically in circulation and in bank reserves.

-M1: it is the most common one and equals M0 plus checking accounts plus travelers’ checks and other checkable deposits.

-M2: covers M1 and saving accounts and CDs.

-M3: it surrounds the larger deposits.

-MZM: finally, this indicates the money market deposits.

That’s why we could notice that M1 narrowly means the cash, checking account and travelers’ checks.

5 0
3 years ago
Donna is looking into investing a portion of her recent bonus into the stock market. While researching different companies, she
kodGreya [7K]

Answer:

Perfect Plungers Plus is the company that would give Donna a stable long term investment

Explanation:

Because it has a low standard deviation than the other company, meaning it has the expected value as a low standard deviation is, also its data is not far from the mean and is not spread out.

5 0
3 years ago
Read 2 more answers
Suppose you inherited $275,000 and invested it at 8.25% per year. How much could you withdraw at the end of each of the next 20
navik [9.2K]

Answer:

withdraw amount  = 28532.45

so correct option is  a. $28,532

Explanation:

given data

present amount  = $275,000 bonus

interest rate = 8.25% per year  = 0.0825

time period = 20 year

solution

first we get here Cumulative discount factor that is

Cumulative discount factor = \frac{(1-(1+r)^{-t}}{r}   .........................1

here r is rate and t is time period

put here value and we will get

Cumulative discount factor = \frac{(1-(1+0.0825)^{-20}}{0.0825}    

solve it we get

Cumulative discount factor =  9.638148

and now we get  so here withdraw amount at the end of each of the next 20 years that is

withdraw amount = Present amount ÷ cumulative discount factor   ............2

put here value

withdraw amount = \frac{275000}{9.638148}    

solve it we get

withdraw amount  = 28532.45

so correct option is  a. $28,532

8 0
3 years ago
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