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sdas [7]
2 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]2 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

You might be interested in
Suppose you are buying your first condo for $145,000, and you will make a $15,000 down payment. You have arranged to finance the
Crazy boy [7]

Answer:

The monthly payment amount would be $821.69

Explanation:

Hi, since you have already paid $15,000 (down payment), the amount of money to be financed is $130,000 ($145,000 - $15,000). Knowing that, we need to solve the following equation for "A".

PresentValue=\frac{A((1+r)^{n}-1) }{r(1+r)^{n} }

Where:

Present Value = money borrowed (in our case, $130,000)

r = effective interest rate (in our case, 6.5%/12= 0.5417%  or 0.005417)

n = number of periodic payments (in our case, 30*12=360 monthly payments)

Everything should look like this.

130,000=\frac{A((1+0.005417)^{360}-1) }{0.005417(1+0.005417)^{360} }

130,000=A(158.2108195)

Therefore:

A=821.69

So, the monthly payments would be equal to $821.69.

Best of luck.

6 0
2 years ago
Maricela writes slowly. When preparing a first draft, she spends a good deal of time formatting and choosing the correct font. M
Andrews [41]
Your answer would be C because she’s mostly spending her time formatting than writing a good sentence until she has perfected a sentence , Hope this helps !
8 0
3 years ago
Sofia bought a couch that required a $60 down payment and $60 per month for the next eight months. Which type of liability does
Anna35 [415]
Answer should be d) a current liability
8 0
2 years ago
Sasha has run a small diner near the train station for the past ten years. Six months ago, a chain restaurant serving gourmet bu
fenix001 [56]

Answer:

threat of new entrants

Explanation:

Based on the information provided within the question it can be said that force that has affected Sasha's business, from Porters five forces was the threat of new entrants. This force refers to the threat that comes from new competitors entering an industry with existing competitors. If the barrier to entry of the market is low/easy for these new companies then it creates a huge threat to the existing company's since it allows them to get established in the market fast and at a low cost.

6 0
3 years ago
Desktop management__________.a. increases the cost of configuration management over the long termb. requires managers to install
ryzh [129]

Answer:

C) automatically produces documentation of software installed on each client computer

Explanation:

Desktop management refers to managing all the company's computers. Even though the word desktop is used, it includes managing and overseeing all the devices of the organization including laptops, tablets and even smartphones. Desktop management is a part of systems management.

8 0
3 years ago
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