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Harrizon [31]
3 years ago
14

Barbara's Bakery purchased three new 7-year assets last year. She chose NOT to use Section 179 immediate expensing or take bonus

depreciation. The furnishings were purchased for $15,000 in April, the equipment for $6,000 in July, and the appliances for $40,000 in November. Using the appropriate MACRS depreciation tables in the Appendix, what amount of depreciation expense is allowable in the current (second) year of ownership?
a) $16,806
b) $14,939
c) $16,163
d) $16,072
Business
1 answer:
frez [133]3 years ago
8 0

Answer:

$ 4,748

Explanation:

The depreciation expenses = $(\$ 15000 \times 17.85 \%) + (\$ 6000 \times 10.71 \%)+(\$ 40000 \times 3.57 \%)$

$= \$ 2677.50 + \$ 642.6 + \$ 1428$

= $ 4748

Generally we have use half year convention for assets that are purchased during the year but here we used the mid quarter as of more than the 40% of the assets are being purchased in last quarter of the year

$=\frac{\text{assets purchased in last quarter}}{\text{total assets purchased in the year}} \times 100$

$=\frac{40000}{61000} \times 100$

$=65.57 \%$ (it is more than 40%)

Thus we can use the mid quarter mars depreciation rates for the 7 years assets that are purchased this year.

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Social media sites can provide a firm with insights into a consumer's opinions about the firm and Blank______. Multiple choice q
Mars2501 [29]

Social media sites can provide a firm with insights into a consumer's opinions about the firm and the opinions about the firm from the consumer's neighbors.

<h3>How social media helps the firm to get the idea of trends?</h3>

Social media helps the company to get the trend and idea about the latest things going on in the world or the latest challenges going on the world. Everything which is happening on the country was on social media platform.

Thus, option B is correct.

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7 0
1 year ago
If your nominal income rose by 5.3 percent and the price level rose by 3.8 percent in some year, by what percentage would your r
dimulka [17.4K]

Answer:

1. Increase in real income percentage = 1.5%

2. Rate of inflation = 1.7%

Explanation:

For computing the percentage of how much real income would increase, we have to apply the formulas which are shown below:

The increase in real income percentage  would be equal to

= increase in nominal income percentage - increase in price level percentage

= 5.3% - 3.8%

= 1.5%

And, the rate of inflation equals to

Nominal income - the rate of inflation = Real income

2.8% - rate of inflation = 1.1%

So, the rate of inflation = 1.7%

4 0
3 years ago
To prevent concurrent access of records, a transaction requires a ____ prior to data access. key grain timestamp lock
11111nata11111 [884]

Answer:

Lock

Explanation:

Locks is a mechanism to avoid the access of records from interacting with one another either in the form of user objects for example tables and/or rows or system objects not cannot be seen by the user such as data shared in memory.

The system (Oracle) obtains all the required locks when executing the transaction request so as to avoid any hassle faced by the user and so that they don't require to be bothered by it. This way the system provides both highest degree of data monitoring with lowest restriction.

Moreover, a fail safe data integrity is provided by the system in case of any failure. This lock can also be done manually by the user.

4 0
3 years ago
If more people try to buy a product because they have just become aware of its outstanding quality, what has increased?
andre [41]
The demand of the product has increased
5 0
3 years ago
Read 2 more answers
Michael owns a machine shop. In reviewing the shop's utility bills for the past 12 months, he found that the highest bill of $2,
Citrus2011 [14]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Highest cost= $2,400 when the machines worked 1,000 machine hours.

Lowest cost= $2,200 when the machines worked 500 machine hours.

<u>To calculate the variable cost per unit and total fixed costs, we need to use the following formulas:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (2,400 - 2,200) / (1,000 - 500)

Variable cost per unit= $0.4 per hour

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 2,400 - (0.4*1,000)= $2,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 2,200 - (0.4*500)= $2,000

Total cost= 2,000 + 0.4x

x= machine hour

<u>Finally, the total cost for 1,200 machine hours:</u>

Total cost= 2,000 + 0.4*1,200

Total cost= $2,480

7 0
3 years ago
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