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sdas [7]
3 years ago
7

Privo Co. purchases a machine that cost $15,000. Privo estimates a 5-year life with no salvage value. The first three years of d

epreciation expense are $6,000; $3,600; and $2,160, respectively. Based on this information, Privo is using the ________ depreciation method.
Business
1 answer:
Ierofanga [76]3 years ago
6 0

Answer:

Double-declining balance method

Explanation:

First we have to find the depreciation rate which is shown below:

= One ÷ useful life

= 1 ÷ 4

= 20%

Now the rate is double So, 40%

In year 1, the original cost is $15,000, so the depreciation is $6,000 after applying the 50% depreciation rate

And, in year 2, the depreciation is ($15,000 - $6,000) × 40% = $3,600

And, in year 3, the depreciation is ($15,000 - $6,000 - $3,600) × 40% = $2,160

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3 years ago
Hi I need 3 sentences abo8ut why you should buy the tesla stock
zhannawk [14.2K]

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1. The world is shifting to electric vehicles

2. The business is over the profitability hump

3. Optionality could lead to massive new sources of revenue

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THE EXPLANATION FOR NUMBER 1: In the first half of 2021, global electric vehicle (EV) sales were 2.6 million units. It doesn't sound like a lot. But unit growth was up 160% over the same period last year. That's more than six times faster than the overall auto market.

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While the company should be praised for the turnaround, many shareholders have their eyes fixed on new markets the company could disrupt. Led by sanguine analysis from Cathie Wood's ARK Invest, and the stock's inclusion in several of ARK's high-profile exchange-traded funds, Tesla now sports a market capitalization of $777 billion.

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