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ehidna [41]
2 years ago
12

Slotkin Products purchased a machine for $65,000 on July 1, 2017. The company intends to depreciate it over 8 years using the do

uble-declining balance method. Salvage value is $5,000. Depreciation for 2017 is A) $8,125 B) $15,000 C) $32,500 D) $14,219
Business
1 answer:
frez [133]2 years ago
7 0

Answer:

A) $8,125

Explanation:

Note Slotkin Products uses the double-declining balance method. Under the double-declining balance method depreciation expense is calculated as :

Annual depreciation expense = 2 x SLDP x BVSLDP

where,

SLDP = 100 ÷ Useful life

         = 12.5 %

and

BVSLDP = Cost in first year or Book Value for other succeeding years =

therefore,

Annual Depreciation expense = 2 x 12.50 % x $65,000 = $16,250

thus,

Partial depreciation from July 1, 2017 to Dec 31, 2017 - 6 months will be :

Depreciation expense = $16,250 x 6/12 = $8,125

Conclusion :

Depreciation for 2017 is $8,125

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Answer:

a.The simple ranking method.

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From The given scenario is based on the simple Ranking method which is the simplest method of Appraisal under which every employee is compared with the others and ranked from best to worst.

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3 years ago
Although not recommended, some marketers decide to ignore market segmentation and target the whole market with one offer. this i
vodka [1.7K]

The description above is trying to define the undifferentiated marketing strategy as this strategy focuses more on things that will appear to the people, what will make people more attracted and feel more appealed on what they are selling or trying to promote in which they try to ignore the market segmentation. The undifferentiated marketing strategy focuses more on the whole market with just one offer and they tend to use more marketing strategies that will be of beneficial to them in terms of attracting the consumers for this is their main goal and what they focus more when this marketing strategy is being used in the business or marketing field.

7 0
3 years ago
kristen and harrison are equal partners in the kh partnership. the partners formed the partnership 5 years ago by contributing c
Sauron [17]

Answer: Harrison will acknowledge a gain equal to the difference between his basis and the distribution . This is because he receives only money in the distribution and the amount transcend his basis in KH. He further allot his entire basis in KH to the basis in the money received resulting in $0 basis in KH after the distribution.

∴ <em>The capital gain will be $6000 i.e. (50000 - 44000) and $0 basis.</em>

4 0
2 years ago
Mr. smith wishes to retire in 11 years. when he retires he would like to have $500,000 in his bank account. mr. smith's bank pay
Simora [160]
The formula is
A=p (1+r)^t
A future value 500000
P present value. ?
R interest rate 0.06
T time 11 years
Solve the formula for p by dividing both sides by (1+r)^t to get
P=A/(1+r)^t
P=500,000÷(1+0.06)^(11)
P=263,393.76

he should deposit 263393.76 now to attain 500000

Hope it helps!
4 0
3 years ago
On May 27, Hydro Clothing Inc. reacquired 75,000 shares of its common stock at $8 per share. On August 3, Hydro Clothing sold 54
marta [7]

Answer:

Journalize the transactions of May 27, August 3, and November 14.

Explanation:

                                       deb               cre

may-27 Treasury Stock            600000  

(75000*8)  

Cash                                             600000

   

ago-03 Cash                             594000  

(54000*11)  

Treasury Stock                               432000

(54000*8)  

Paid in capital for treasury stock         162000

   

nov-14 Cash                              147000  

(21000*7)  

Treasury stock                                    168000

(21000*7)  

Paid in capital for treasury stock 21000  

4 0
3 years ago
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