answer.
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
BARSIC [14]
2 years ago
5

Sunland Company purchased machinery on January 1, 2020, for $90,400. The machinery is estimated to have a salvage value of $9,04

0 after a useful life of 8 years.
Compute 2020 depreciation expense using the double-declining-balance method.
Depreciation expense $________

Compute 2020 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2020. (Round answer to 0 decimal places, e.g. 5,125.)
Depreciation expense $________
Business
1 answer:
photoshop1234 [79]2 years ago
6 0

Answer:

$22,600; $5,650

Explanation:

Double-declining-balance method rate:

= (100% ÷ No. of years of life of assets ) × 2

= (100% ÷ 8) × 2

= 25%

1. 2020 depreciation expense:

= Assets cost × Depreciation rate

= $90,400 × 25%

= $22,600

2. 2020 depreciation expense:

= Assets cost × Depreciation rate

= $90,400 × 25% × 3/12

= $5,650

You might be interested in
____________ tend to focus on the logical soundness and preciseness of ideas, rather than the ideas’ practical values; they tend
lapo4ka [179]

Answer:Assimilitors

Explanation:

The assimilators are the individuals who depend on the reflective observation and conceptualization on abstracts.

These are the set of individuals who seems to more concerned about the abstract ideas and concepts rather than concerned about about other people. The assimilators also focus on how precise and logically sound an idea is, rather than focusing on the practical values of the ideas. .

7 0
2 years ago
Roselawn Company reported net sales of $90,000 and net income of $18,000 for the previous year ended December 31. The company re
gregori [183]

Answer:

The company’s profit margin for the current year ended December 31 (rounded to the nearest decimal point) is 20%

Explanation:

Use the following formula to calculate the Profit Margin

Profit Margin = \frac{Net Income}{Net Sales} X 100

Where

Net Income = $20,000

Net Sales = $100,000

Placing values in the formula

Profit Margin = \frac{20000}{100000} X 100

Profit Margin = 0.2 x 100

Profit Margin = 20%

5 0
2 years ago
Malik is employed by an architecture firm. Malik most likely works in
adelina 88 [10]

The correct answer is B. Pre-construction.

Pre-construction is the project which is done before construction starts.

In pre-construction a person evaluates the documents which are being associated with the project.

The person evaluates equipment and material expenses what they will cost, and time when the construction will be finished.

3 0
2 years ago
Read 2 more answers
To understand the competitive intensity of two industries, a business consultant conducted market concentration analysis by usin
MAXImum [283]

Answer:

4. more, more

Explanation:

Options includes: 1. less, more , 2. more, less, 3. less, less, 4. more, more

Based on this calculation, the consultant concludes that industry X is <u>more</u> concentrated market than industry Y and that industry X is <u>more</u> competitive market.

The intensity of Porter competition determines the level of competition that exists in an industry. This competition can be affected by many factors, including industry focus, replacement costs, fixed costs, and industry growth rates. The intensity of competition among competitors in a given industry refers to the extent to which companies in a given industry put pressure on each other and determine each other their profit potential. If competition is fierce, competitors are trying to steal profits and market share from each other.

8 0
2 years ago
According to expectancy theory, the primary elements that determine how willing an employee is to work hard at tasks important t
lesya692 [45]
The expectancy theory is the theory that determines how motivated someone is. This consists of three elements, and for someone to be motivated, all of these should be on the high level. These primary elements include EXPECTANCY, INSTRUMENTALITY, AND VALENCE. Expectancy is believing that a certain level of effort will also result to a certain level of performance. Instrumentality believes that if the performance is successful then the outcome is expected to be what is desired. Valence is what the value the worker provides to an outcome.
3 0
2 years ago
Other questions:
  • Sasha's new company has told her that she will be required to move at her own expense in two years. What should she consider bef
    15·2 answers
  • You have a portfolio with the following: Stock Number of Shares Price Expected Return W 525 $43 10% X 780 29 15 Y 435 94 11 Z 68
    7·1 answer
  • Theresa adds $1,500 to her savings account on the first day of each year. marcus adds $1,500 to his savings account on the last
    5·1 answer
  • At the start of the case, Cisco’s information systems are failing, yet no one steps forward to lead the effort to replace them.
    6·1 answer
  • Accountants and Economists differ in their calculations of profits in that; a. ​economists consider sunk costs b. ​accountants c
    14·1 answer
  • A company has the following balances: Sales revenue $312,000: Sales Returns and Allowances $2,000: Sales Discounts $4,000: Cost
    12·2 answers
  • When comparing the three broad types of economic systems, it can be said that for a pure market economy to function efficiently,
    7·1 answer
  • NoFly Corporation sells three different models of a mosquito "zapper." Model A12 sells for $60 and has variable costs of $43. Mo
    14·1 answer
  • Every year, Professor Dumbledore assigns the instructors at Hogwarts to various faculty committees.
    11·1 answer
  • Buggy Wars Two friends and neighbours arrange to go into business together and then become bitter rivals: This is the story of B
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!