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
forsale [732]
1 year ago
8

Slovac Company purchased a machine that has an estimated useful life of eight years for $7,500. Its salvage value is estimated a

t $500. What is the depreciation for the second year of the asset’s life, assuming Slovac uses the double-declining balance method of depreciation? Multiple Choice
A. $1,406
B. $1,438
C. $1,875
D. $3,750
Business
1 answer:
saw5 [17]1 year ago
8 0

Answer:

A. 1,406

Explanation:

Double-declining balance formula = 2 X Cost of the asset X Depreciation rate

The cost of asset =  $7,500

salvage value  = $500

estimated useful life = 8years

To calculate the depreciation value using Double-declining balance formula = 2 X Cost of the asset X Depreciation rate

Depreciation rate = 1/useful life *100 = (1/8) * 100 = 12.5%

Therefore

2 x $7500 x 12.5% =  $1,875 - year 1

for the second year the cost of asset will be$ 7,500 - $1,875 =  $5625

2 x  $5625 x 12.5% = $1,406.25

Therefore the answer is $1,406

You might be interested in
Curtis purchased stock with an initial share price of $140, and sold it when the share price was $119. While he owned the stock,
Ira Lisetskai [31]

Answer:

Curtis

The total percentage return on the investment is:

= -7.86%.

Explanation:

a) Data and Calculations:

Initial share price at which the stock was purchased = $140

The selling share price = $119

Dividends earned during the stock ownership (holding period) = $10

Total returns, including proceeds from the sales = $129 ($119 + $10)

Total returns from holding the stock until sold

= Total returns + sales proceeds minus Initial purchase cost

= -$11 ($129 - $140)

Total percentage return on the investment = $11/$140 * 100

= 7.857

= 7.86%

6 0
1 year ago
____________ negotiate with one another, buy and sell products and facilitate the change of ownership between buyer and seller i
Arada [10]

Answer:

Intermediaries

Explanation:

The reason is that the intermediaries are the ones that helps the suppliers and the buyers of the products to to move the product to the end customers. This intermediary is the part of distribution channels that helps in delivering the product to the end customers.

5 0
1 year ago
Vogel Corporation's cost of goods manufactured last month was $136,000. The beginning finished goods inventory was $35,000 and t
rosijanka [135]

Answer:

117,000 adjusted COGS

Explanation:

$$Beginning Inventory + Manufactured = Ending Inventory + COGS

35,000 + 136,000 = 48,000 + COGS

COGS = 123,000 before adjustment

overapplied overhead for 6,000

This means the applied is higher than actual expenses, the cost is 6,000 lower we must decrease the COGS

123,000 - 6,000 = 117,000 adjusted COGS

6 0
1 year ago
The order of presentation of activities on the statement of cash flows is
Rufina [12.5K]

Answer:

Operating activities

Investing activities

Financing activities

Explanation:

In a cash flow statement, the activities of the organization are usually recognized in 3 parts namely; Operating activities, investing activities and financing activities.

The operating activities include elements such as net profit, non cash items, change in current assets and liabilities.

The investing activities include cash flows from the disposal and purchase of assets etc

The financing activities includes cash flows from the disposal and sale of shares etc.

The net cash flows from these activities is the netted off the cash balance at the beginning of the period to get the cash balance at the end of the period.

Hence the order of presentation of activities on the statement of cash flows is

Operating activities

Investing activities

Financing activities

6 0
2 years ago
When Nina tells her manager that she doesn't feel she needs to attend various training sessions at company expense or utilize su
Virty [35]

Answer:

The right answer is, False.

Explanation:

Nowadays companies seek to improve the attitudes, knowledge and skills of their employees, through training activities so that everyone works synergistically in achieving the objectives of organizations.

3 0
1 year ago
Other questions:
  • What type of database are organizations most likely to use for payroll, accounts receivable, inventory, and invoicing?
    7·1 answer
  • Gotham Company purchased a new machine on October 1, 2022, at a cost of $90,000. The company estimated that the machine has a sa
    10·1 answer
  • A company recently announced that it would be going public. The usual suspects, Morgan Stanley, JPMorgan Chase, and Goldman Sach
    11·1 answer
  • Multidivisional structure is the simplest organizational structure that is based on direct lines of authority extending from the
    9·1 answer
  • Fernando teve uma ideia genial, conseguiu transformá-la em uma oportunidade de negócio e agora está querendo montar um empreendi
    9·1 answer
  • Which tasks are done by both historians and detectives? Check all that apply.
    6·2 answers
  • The project scope planning processes include all of the following EXCEPT: a. how the requirements will be collected b. how the p
    9·1 answer
  • Benny asked his marketing team to research and collect data regarding the demographics of people residing in the state of Califo
    13·1 answer
  • In a sell or process further decision, which of the following costs is relevant?
    9·1 answer
  • 6. If negative float appears on a partial path (until certain activity), the most likely explanation is: a. One or more activiti
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!