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
ehidna [41]
3 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]3 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

You might be interested in
Mr. Fixit, Inc.'s fixed asset turnover was 3.0 in 2019 and 2.4 in 2018. This increase in its fixed asset turnover may indicate t
marusya05 [52]

Answer:

- Used its fixed assets more efficiently.

- Had a greater increase in sales relative to its fixed assets.

Explanation:Fixed assets are long term assets that a company acquires,they are also tangible and are non current in nature. This type of assets appear in a company's balance sheet buildings,equipments,lands etc.

WHEN A FIXED ASSET IS EFFICIENTLY UTILIZED IT WILL CONTINUE TO GIVE A HIGHER TURNOVER.

IT CAN ALSO MEAN THAT THE ASSET HAD A GREATER INCREASE IN SALES RELATIVE TO ITS FIXED ASSET.

5 0
3 years ago
Len contracts to work for Media Corporation during May for $4,500. On April 30, Media cancels the contract. Len declines a simil
deff fn [24]

Answer:

The correct answer is:

$3,500 (b.)

Explanation:

Compensatory damages are money paid to the plaintiff, to pay for losses incurred, injury or damages by negligence or unlawful conduct of the defendant in a civil court case. Before these compensations can be paid, the plaintiff has to prove in amount, the losses incurred and that these losses are directly related to the activity of the other party. Since the amount lost due to the choosing of the failed contract is $3,500, the plaintiff can file a suit for the compensation of the same amount.

On another hand, punitive damage may be compensation that is over and above the losses incurred by the plaintiff, and this is aimed mainly to provide an incentive against the repetition of such acts that caused the plaintiff such losses.

8 0
4 years ago
“Because we have to make choices, there is scarcity” what is wrong with this statement
bogdanovich [222]
I believe it would be the use of starting a sentence with the word because...
7 0
3 years ago
A(n) ______ is any business that has productive activities in two or more countries.
Anastasy [175]

Answer:

Multinational enterprise.

Explanation:

A multinational enterprise is any business that has productive activities in two or more countries.

Generally, a multinational enterprise (MNE) has subsidiaries in other countries and as such derives a high amount of revenue outside its home country by providing goods and services that meets the need of customers through the use of advanced technology.  

For a multinational enterprise (MNE), they have a central corporate facility but their products are not coordinated because their respective foreign markets offer unique products and services.

Some examples of a multinational enterprise (MNE) are Amazon, BNP Paribas, Alcatel-Lucent, Apple, Chevron, Casio, Disney, etc.

5 0
3 years ago
Briefly explain whether the value of U.S. exports is typically larger or smaller than the value of U.S. imports. The value of U.
ZanzabumX [31]

Answer:

Explained briefly in the explaination box.

Explanation:

The amount of U.S. exportation has remained smaller since concerning from the year 1980. The U.S import rates decreased for the following sequential year meanwhile 1984, declining 1 .7 percent later a 2.5-percent decrease in 1983. The descending trend in import costs through the year, that was extra broad-based than in 1983 meanwhile aggregate price changes were predominately affected by lowering energy costs.

6 0
3 years ago
Other questions:
  • A market researcher divides the Dallas metropolitan area into blocks having roughly equal populations. He then selects a random
    13·2 answers
  • The Walthers Company has a semi-annual coupon bond outstanding. An increase in the market rate of interest will have which one o
    5·1 answer
  • Jose wants to cash in his winning lottery ticket. He can either receive five $5,000 annual payments starting today, or he can re
    13·1 answer
  • In a diversified firm, corporate-level strategy is concerned with a. coordinating the vision and mission of each subsidiary firm
    10·1 answer
  • Jennifer applied for the job of a waitress at sam's coffee shop. during the recruitment, the recruiter asked her to make five di
    12·2 answers
  • The following information is taken from the production budget for the first quarter:Beginning inventory in units 1,800Sales budg
    9·1 answer
  • Amazon creates many utilities for its customers, but perhaps the most valuable utility for consumers is ________, the utility cr
    7·1 answer
  • Test anxiety symptoms can include a. Shaky hands c. Headaches b. Sweating d. All of these Please select the best answer from the
    13·2 answers
  • On January 1, 2019, Castle Services issued $167,000 of six-year, 12% bonds when the market interest rate was 1 1 %. The bonds we
    6·1 answer
  • Just before the year ended, a company offered to buy 4,120 units for $14.95 each. X Company had the capacity to produce the addi
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!