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
valkas [14]
2 years ago
15

During 2019, Pepe Guardio purchases the following property for use in his calendar year-end manufacturing business:

Business
1 answer:
Sladkaya [172]2 years ago
8 0

Answer:

Depreciation Expense for 2019 using form 4562

Basis For depreciation; Recovery Period ; Convention ; Method ; Depreciation deduction

2,000 ; 5 years ; HY ; 200 DB ; 400

40,000 ; 7 years ; HY ; 200 DB ; 6,573

Explanation:

Accelerated method of depreciation is used by businesses for accounting and income tax purposes. The depreciation is calculated in such a way that the depreciation expense is higher in early years and lower in later years. Pepe is also using this method to account for his business assets. The depreciation expense for computer equipment and manufacturing equipment's totals $6,973.

You might be interested in
One major benefit of using the Bank Feeds feature in QuickBooks Online is that as you _________________ or __________________ tr
Alex73 [517]

Answer:

1.  Exclude

2.  Add

3.  Reconciled

Explanation:

QuickBooks Online supports Bank feeds features, which in turn allows a user to perform ADDITION or EXCLUSION of transactions online, which results in such transaction are marked RECONCILED.

Hence, one of the major benefits of using the Bank Feeds feature in QuickBooks Online is that as you EXCLUDE or ADD transactions in QuickBooks Online from the downloaded transactions from the bank, they are marked RECONCILED. This makes the end-of-period bank reconciliation more efficient.

8 0
2 years ago
Assume that Abby, Ben, Clara, Joe, and Matt are the only citizens in a community. A proposed public good has a total cost of $1,
serg [7]

I THINK ITS MIDDLE FINGERS AT THESE AHOLE MODERATORS

6 0
2 years ago
_____ is a personal application software that includes a wide range of built-in functions for statistical, financial, logical, d
Pie
Spreadsheets are personal application software that includes a wide range of built-in functions for statistical, financial, logical, database, graphics, and date and time calculations. It is an application or program that is designed for analysis, organization and storing of data in a table form. It functions on data that are entered in the cells of a table where the cells can contain numeric or text values. In this program, you can input equations and relate cells in order to do automatic calculation. It helps in processing a large number of data since you can easily copy and execute functions and equations.
3 0
1 year ago
You have $55,000 in a savings account that pays 2% interest per year. The inflation rate that year is 3.24%. To calculate simple
Len [333]

Answer:

How much do you make in interest in a year?

<u>$  1100</u>

How much would you need to have made for your spending power to keep up with inflation in that year?

<u>$  1782 </u>

How much buying power did you lose in that year because of inflation?

<u>$  682 </u>

Explanation:

Your interest formula is given to you.

Interest in a year = principal (the amount invested) * rate (the interest rate) * period (the time you're measuring)

Interest = 55,000 * 2% * 1 year = 55,000 * 0.02 * 1 = $1,100

How much would you need to have made for your spending power to keep with inflation?  Your interest rate would have needed to match the inflation rate, otherwise prices are going up faster than you're saving.

Required interest = 55,000 * 3.24% * 1 year = 55,000 * 0.0324 * 1 = $1,782

How much buying power did you lose?  The difference between your required interest and your actual interest.

Buying power lost = 1,782 - 1,100 = $682.  You lost this much in buying power.

Hope that helped :)

6 0
1 year ago
C&amp;A sells T-shirts for $20 that cost $5 to produce. The annual holding cost percentage is 10% and the T-shirts turn 25 times
ad-work [718]

Answer:

$0.02

Explanation:

C&A sells T-shirts for $20 that cost $5 to produce

The annual holfing cost percentage is 10%

The T-shirts turn 25 times a year

The first step is to calculate the holding cost

= $5 × 10/100

= $5 × 0.1

= 0.5

Therefore, since the T-shirts turn over 25 times a year then, the holding cost that C&A incurs for each T-shirts can be calculated as follows

= 0.5/25 times

= $0.02

Hence C&A incur a holding cost of $0.02 for each T-shirts

4 0
2 years ago
Other questions:
  • Austin bought 10 shares of Apex Company for $110 each and later sold all of them at $125 each. This transaction resulted in what
    9·2 answers
  • Mary is selling her house for $100,000 and felipe, who is expecting an inheritance soon, wants to have the option to buy it next
    7·1 answer
  • One study of 195 critical incidents in banking and medical settings showed that a major difference between effective and ineffec
    14·1 answer
  • Hodge Inc. has some material that originally cost $74,600. The material has a scrap value of $57,400 as is, but if reworked at a
    6·1 answer
  • The management of a multinational corporation establishes an efficient, specialized human resource (HR) department to manage its
    13·1 answer
  • Firms that disingenuously market products as environmentally friendly with the goal of gaining public approval and sales, rather
    11·1 answer
  • A __________ is a profit-seeking organization that receives deposits from individuals and corporations and uses some of these de
    10·1 answer
  • Great Falls Co's bank reconciliation as of February 28 is shown below $38,153 +745 -35 $37,643 Book balance Bank balance + Depos
    7·1 answer
  • The process of attracting individuals on a timely basis, in sufficient numbers, and with appropriate qualifications, to apply fo
    6·1 answer
  • Hi, Sierra,
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!