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
lesya [120]
3 years ago
7

A piece of equipment was acquired on January 1, 2018, at a cost of $36,000, with an estimated residual value of $3,000 and an es

timated useful life of six years. The company uses the double-declining-balance method. What is its book value at December 31, 2019?
Business
1 answer:
Romashka [77]3 years ago
6 0

In double declining method is a form of an accelerated depreciation method in which asset value is depreciated at twice the rate it is done in the straight line method.in this we multiply rate by 2.

Explanation:

we will calculate rate of depreciation by dividing 100% by useful life of an asset

i.e. , \frac{100}{6}=16.66%

now we will multiply by 2 = 16.67% × 2

                                           = 33.34%

now calculation depreciation by multiplying book value at begining with 33.34%

which will give depreciation from 1 January  2018 to 31 December 2018

=33.34%×$36000

=$12000 (approx.)

So book value on  December 31 ,2019 will be $24000 ($36000-$12000).

You might be interested in
In what situations is top-down planning likely to be superior to bottom-up emergent strategy development
Marianna [84]

Answer is given below :

Explanation:

  • Both strategies aim to convey and process knowledge between and within the organization. The top-down approach for sub-categories to gain insights at the senior management level breaks down a system.
  • This is a great tool to help managers identify areas of improvement using quota and monthly matrix goals. There are flaws in this strategy, employees are not involved in the process and managers do not understand the full impact of the changes made.
  • Morality can be affected because this strategy is motivated by fear and encouragement. The bottom line is that in some cases it is more complex, although employees feel motivated to provide more authority and quality work. The information is processed to a minimum and communicated to management.
  • This may help in some areas because administrators may not fully understand the process. I should use the military as an example for a top down strategy.
  • It works on the battlefield when there is no time to discuss or motivate employees. Top down is used when there is a slight change in environmental factors.
5 0
3 years ago
I need to know the answer of this question
Lunna [17]

Answer: D. Discouraged Worker

Explanation:

a discouraged worker is a person of legal employment age who is not actively seeking employment or who has not found employment after long-term unemployment

5 0
3 years ago
Kimbeth Manufacturing uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The foll
larisa86 [58]

Answer:

DM Cost per Equivalent unit: 4.25

Explanation:

22400 beginning  60% materials 20% conversion

140,000 started

33600 ending 90% materials 40% conversion

Beginning Inventory

DM 71,160

DL 26,610

MO 20,110

Conversion Cost  46,720

Cost during the month

DM 618,800

DL 241,330

MO 513,600

Conversion Cost 754,930

Equivalent units Materials

22,400 * .4     8,960

140,000       140,000

33,600 * .1    (3,360)

                  145,600

DM Cost per Equivalent unit: 4.25

7 0
3 years ago
What are the scopes of microeconomy​
MAVERICK [17]

MICROeconomics refers to the effects and purchasing decisions of individuals.

This differs from MACROeconomics which focuses on large scale views of things that affect the economy as a whole like inflation and interest rates.

7 0
3 years ago
Why should games be forbidden on school property
PIT_PIT [208]

Answer:

Explanation:

Games on school property redirect the attention of the students to the games, instead of learning. They cause further disobedience and will often be snuck out to play during class. The students will be distracted and will not learn anything from the time spent in school.

6 0
3 years ago
Other questions:
  • ​DeShawn's Detailing is a service that details cars at the​ customers' homes or places of work.​ DeShawn's cost for a basic deta
    8·1 answer
  • Suppose i would like to prevent a line break in word from splitting apart my customer's title and name, "mr. jones", should it h
    13·1 answer
  • What document provides continuity when multiple doctors are working on the same patient?
    6·1 answer
  • Briar Corp is issuing a 10-year bond with a coupon rate of 7 percent. The interest rate for similar bonds is currently 9 percent
    13·1 answer
  • Prepare adjusting entries for the following transactions.
    6·1 answer
  • An airline is considering a project of replacement and upgrading of machinery that would improve efficiency. The new machinery c
    9·1 answer
  • carmelita Inc., has the following information available: Costs from Beginning Inventory Costs from Current Period Direct materia
    6·1 answer
  • The production function gets flatter, while the total cost curve gets steeper due to the fact that Group of answer choices at lo
    11·1 answer
  • SEVEN (7) rewards and THREE (3) Challenges of the CEO of this company
    14·1 answer
  • Lapping is best described as the process of Group of answer choices inflating bank balances by transferring money among differen
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!