Depreciation by two methods
a computer system acquired on january 1 at a cost of $35,000 has an estimated useful life of five years. assuming that it will have no residual value.
a. determine the depreciation for each of the first two years by the straight line method.
b. determine the depreciation for each of the first two years by the double-declining-balance method.

Answers

Answer 1

Years          Straight line method     Double declining-balance method

Year 1              $7,000                                   $14,000

Year 2             $7,000                                    $ 8,400

What is depreciation?

Depreciation refers to the monetary value of an assets that decreases over time due to use, wear and tear or obsolescence.

Explanation:- A). Straight line method = (cost of computer - residual                                          value) / Estimated useful life

                  = ($35,000 - 0) / 5

                  = $7,000

Note:- Depreciation amount in straight line method would remain the same for every year.

Straight line depreciation = (Depreciation/ Cost of computer) *100

                                           = (7,000/ 35,000)* 100 = 20%

B). Double-declining-balance method = 2* straight line method ( i.e. 2*20%) = 40%

Year 1 = $35,000* 40% = $14,000

Year 2 = $21,000( $35,000- 14,000) *40% = $8,400

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Related Questions

Describe the role of hotel management in the field of tourism. .​

Answers

Answer:

The management of staff members as well as the planning, marketing, coordinating, and administration of hotel services including food and lodging amenities are within the purview of hotel managers.

Tristan has found a good job as a bookkeeping clerk after finishing his associates degree at the local community college. He is making a beginning annual salary of $19,760. How can this increased income affect his financial decisions

Answers

An increase in the total income may lead to changes in Tristan's financial decisions in positive as well as negative ways.

What are financial decisions?

A plan or a strategy which is backed by strong logic of an individual to distribute his or her income in different forms of investments, expenses, and savings, are known as financial decisions.

When Tristan gets an increase in his income, his financial decisions may, change in a way that he may start investments and save for future goals. He may also start spending on luxuries, which he otherwise, could not afford to.

Hence, the significance of an increase in income on the financial decisions of Tristan is aforementioned.

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In macroeconomics, the connection from inputs to outputs for the entire economy is called _______________.

Answers

Answer:

an aggregate production function. Hope it helps!

Title VII of the Civil Rights Act provides employees with a statutory right to complete religious freedom in the workplace. a. True b. False

Answers

IS TRUE ,Title VII of the Civil Rights Act provides employees with a statutory right to complete religious freedom in the workplace.

Does Title VII apply to religion?

Title VII of the Civil Rights Act of 1964 prohibits employment discrimination based on religion. This includes refusing to accommodate an employee's sincerely held religious beliefs or practices unless the accommodation would impose an undue hardship (more than a minimal burden on operation of the business)

Title VII also prohibits workplace or job segregation based on religion (including religious garb and grooming practices), such as assigning an employee to a non-customer contact position because of actual or feared customer preference.

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short notes on audit and auditor ​

Answers

Answer:

Audit

Audit is the examination or inspection of various books of accounts by an auditor followed by physical checking of inventory to make sure that all departments are following documented system of recording transactions.

Auditor

An auditor is a person authorized to review and verify the accuracy of financial records and ensure that companies comply with tax laws.

in order to accurately evaluate the new product launch, marketers must undertake a critical blank______ review to determine whether the product and its launch were a success or failure.

Answers

in order to accurately evaluate the new product launch, marketers must undertake a critical postlaunch review to determine whether the product and its launches were a success or failure. This is further explained below.

What is a product?

Generally, a product is simply defined as one that has been processed or made for commercial sale.

In conclusion, Marketers need to conduct a vital postlaunch evaluation to identify the success or failure of a new product launch.

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Answer: It is postlaunch.

A(n) _____ system is an application used in all the functions of a business and supports decision making throughout the organization

Answers

An enterprise system is the application used in all the functions of a business and that supports decision making throughout the organization.

What is an enterprise system?

This refers to the large-scale software packages that is used to track or control all of the complex operations of a business.

Hence, the application is also used in all the functions of a business and that supports decision making throughout the organization.

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What economic concept is applied in this statement?

By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods and services to others.

A.
equilibrium
B.
law of demand
C.
law of supply
D.
negative externality
E.
positive externality
Reset Next

Answers

By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods and services to others. The economic concept which is applied in this statement is a positive externality.

What are skills?

Skills refer a set of qualities or abilities an individual carries in order to complete the task. These skills represent the expertise of any individual in terms of knowledge and talents.

When these skills are learned along with the higher level of education it creates an add-on for the career. These skills include communication skills, problem-solving skills, critical thinking, leadership qualities, and so on.

Therefore, option E positive externality is the correct option for the given statement.

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Se the following tax rates, ceiling and maximum taxes: employee and employer oasdi: 6.20% $142,800 $8,853.60 employee* and employer hi: 1.45% no limit no maximum self-employed oasdi: 12.4% $142,800 $17,707.20 self-employed hi: 2.9% no limit no maximum *employee hi: plus an additional 0.9% on wages over $200,000. also applicable to self-employed. rounding rules: unless instructed otherwise compute hourly rate and overtime rates as follows: carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). if the third decimal place is 5 or more, round to the next higher cent. if the third decimal place is less than 5, drop the third decimal place. also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. crow earned $585.15 during the week ended march 1, 20--. prior to payday, crow had cumulative gross earnings of $4,733.20. round your answers to the nearest cent. a. the amount of oasdi taxes to withhold from crow's pay is $fill in the blank 1. b. the amount of hi taxes to withhold from crow's pay is

Answers

Based on the OASDI and HI tax rates given, the amount to be withheld for OASDI is $36.28 and for HI is $8.48.

What amount of OASDI taxes will be withheld?

This can be found as:

= OASDI tax rate x weekly earnings

= 6.2% x 585.15

= $36.28

What amount of HI Taxes will be withheld?

= HI tax rate x weekly earnings

= 1.45% x 585.15

= $8.48

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what increases your total loan balance?

Answers

Interest compound is known to increase a person's loan balance.

What is interest?

This is a term that is used to refer to the additional cost of borrowing money. When people borrow they have to pay an interest for that amount in a given period.

When you fail to pay when due, the interest on this loan would continue to rise till you pay up.

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A machine is available 10 hours a day. Each part takes 80 minutes to fabricate and 10 minutes to setup. 10% of the parts made are defective and must go through the machine again to be reworked, during which both setup and fabrication have to be performed again. The machine is idle for any unused time. On average, 5 good parts are made each day. What is the overall equipment effectiveness of the machine? Multiple Choice 0.80 0.75 0.067 0.667

Answers

The overall equipment effectiveness of the machine is 0.75

How to determine the effectiveness?

The given parameters are:

Availability = 10 hours ⇒ 600 minutesFabrication time = 80 minutesSetup time = 10 minutesParts made each day = 5Percentage defective = 10%

The total production time for 5 parts is:

Time = 5 * (80 + 10)minutes

Time = 450 minutes

The time to replace defective parts is:

Time = Percentage defective * Parts made each day * Production time for one part

This gives

Time = 10% * 5 * (80 + 10) minutes

Time = 45 minutes

The value added time is the difference between the production time and time to replace defective part

Value added time = 500 - 45 = 455 min

The overall equipment effectiveness of the machine is then calculated as:

OEE = Value added time/Availability

This gives

OEE = 455/600

Evaluate

OEE = 0.75

Hence, the overall equipment effectiveness of the machine is 0.75

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Data analysts pay attention to sample size in order to achieve what goals?

Answers

Data analysts are known to pay attention to the sample size so as to

To make sure a few unusual responses don't skew resultsTo make sure the data represents a diverse set of perspectiveTo avoid a small sample size leading to inaccurate judgments

Who is a data analyst?

This is a term that is used to refer to a person that is engaged in the handling of data.

Such a person helps to analyze, retrieve and also make conclusions using the available data.

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The amount of federal income taxes withheld from an employee's gross pay is recorded as a(n):

Answers

The amount of federal income taxes withheld from an employee's gross pay is recorded as a liability

What is a liability?

A liability is simply debt owned by a company to an individual or another company.

This liability can be cash based or an asset. These liability are also counted as the amount of tax withheld from an employee's pay.

Hence we can conclude that the amount of federal income taxes withheld from an employee's gross pay is recorded as a LIABILITY

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You work in contracting and receive a request from a company that wants to make a bid on the next ambulance contract; the requestor wants to know who the current companies are and how much they charge for various services. You know that your friend handles that contract and could easily send the information. What do you do

Answers

I will refuse to give the information because it is considered unethical. See below for the definition of unethical practice.

What is unethical practice?

Unethical behavior refers to actions or attitudes that are unacceptable to the general public because they are deemed unfair and give undue advantage to a select few.

Hence, given the above situation, I will refuse to give the information because it is considered unethical. See below for the definition of unethical practice and blacklist the requestor.

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Company A wants to issue 60 bonds. Each bond has a 7% coupon bond with semi-annual payments, a par value of $1000, 30 years to maturity, and a yield to maturity of 6.7%. How much will Company A receive when it sells the bonds

Answers

Company A receive when it sells the bonds $62, 314.54

What is yield to maturity?

The annualized return that a bond investor would get from keeping the bond until maturity is referred to as the “yield to maturity” (YTM) of a bond.

Face value $1000, Coupon rate 7%, 30 years to maturity, yield to maturity of 6.7%, frequency 2

Nper = 30×2 = 60 (indicates the remaining maturity period of bonds), Rate = 0.067/2 (indicates semi-annual YTM), PMT = 1000 7%1/2 = 35 (indicates the amount of semi-annual interest payment), FV = 1000 (indicates the face value of bonds), PV = ? (indicates the current price of the bond), Current Price of the Bond = PV(Rate, Nper, PMT, FV) = PV(0.067/2,60,35, 1000) = $1038.58

=$62, 314.54

Hence, $62, 314.54 is the correct answer.

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A+piece+of+land+produces+an+income+that+grows+by+5%+per+annum. +if+the+first+year’s+income+is+$10,000,+what+is+the+value+of+the+land?

Answers

If a piece of land produces an income that grows by 5% per annum. The value of the land is $200,000.

Present value of the land

Using this formula

Present value=Income/Rate per annum

Let plug in  the formula

Present value=$10,000/0.05

Present value=$200,000

Therefore If a piece of land produces an income that grows by 5% per annum. The value of the land is $200,000.

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You buy one Home Depot June 60 call contract and one June 60 put contract. The call premium is $5 and the put premium is $3. At expiration, you break even if the stock price is equal to A) $52. B) $60. C) $68. D) either $52 or $68. E) None of the options are correct.

Answers

At expiration, you break even if the stock price is equal to E. None of the options are correct.

How to illustrate the break even?

The call price option will be:

= -$60 + $3 + $5

= $68

The put price option will be:

= -$3 + $60 - $5

= $52

Therefore, at expiration, you break even if the stock price increases above $68 or below $52.

In conclusion, the correct option is E.

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A management perspective that suggests jobs should be designed to meet higher-level needs by allowing workers to use their full potential is called a

Answers

Perspective that shows jobs have to be designed to satisfy better degree wishes to permit employees to apply their complete ability is known as Human Resources perspective.

What is the Human resource perspective?

Human Resource Management is the region of administrative awareness coping with an organization's personnel. Therefore, locating and preserving desirable personnel is essential for a agency to transport in the direction of success.

Human Resource management (HRM) has received speedy and giant popularity as a brand new time period for dealing with employment. It is greater express in each areas; its evaluation of commercial enterprise strategy, an related employment strategy, and exposition of an underlying philosophy. Human Resource Management (or more modern ones, like International Human Resource Management) manifestly does now no longer emerge through accident.  There isn't any any popular settlement at the that means of Human Resource Management.

In fact, there are various and contradictory models; but they encompass not unusual place factors that distinguish them from preceding procedures to dealing with people – specifically, employees management.

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An expansionist strategy in regards to capacity is best characterized by Group of answer choices making small, frequent jumps in capacity expansions. using capacity as a competitive weapon in order to compete on cost. willing to use short-term options (e.g., overtime, subcontracting) to meet the demand that exceeds capacity. reducing the risks of over-optimistic demand forecasts.

Answers

An expansionist strategy in regards to capacity is best characterized by A. making small, frequent jumps in capacity expansions.

What is an expansionist strategy?

An expansionist strategy is a growth strategy aimed at:

Achieving faster growthEarning higher profitsCompeting more favorablyRapidly growing a brandCapitalizing on economies of scale.

An organization can use these growth strategies to expand its operations:

Market penetrationProduct developmentMarket expansionDiversification.

Thus, an expansionist strategy in regards to capacity is best characterized by A. making small, frequent jumps in capacity expansions.

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In early April, an investor buys 1 XYZ Oct 60 call for $9 and sells 1 XYZ Jul 70 call for $4. If the investor buys back the Jul call for $1 and sells the Oct call for $12, what will the pretax profit or loss be?

Answers

Answer:

$600 profit

Explanation:

bought Oct Call at $9 and sold at $12 = $3 profit
sold Jul Call at $4 and bought back at $1 = $3 profit
total profit $6 per option x 100 shares = $600

because research is blank______, it is important to figure out beforehand exactly what problem needs to be solved.

Answers

Expensive and time consuming, it is important to figure out beforehand exactly what problem needs to be solved.

Research expense must be budgeted before it is incurred so that the cost is available to be borne by the company.

What is research?

Research is expense carried by the company to develop a new product if the research meet the criteria it is capitalize as intangible and it will be amortize over its useful life once the development is available for use otherwise it will expense out in profit and loss statement.

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margot inc, which uses the perpetual inventory system, purchases 500 units of inventory to be held for resale. margot should debit the purchase to:

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Because Margot Inc, uses the perpetual inventory system, purchases 500 units of inventory to be held for resale. Margot should debit the purchase to Inventory.

What is the  perpetual inventory system?

The perpetual inventory system is an application that enable the entity to estimate inventory continuously using electronic records rather than a physical inventory.

It is thus correct to state that Margot should debit the purchase to Inventory.

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Apple's_________ to customers is specifically the design of its devices, the ease of use of its products, and the aspirational qualities its products offer the user.

Answers

Apple's value proposition to customers is specifically the design of its devices, the ease of use of its products, and the aspirational qualities its products offer the user.

What is meant by value proposition?

A value proposition is a brief explanation of why a client might select your good or service. It conveys the most obvious advantage that clients get from doing business with you.

Examples of the Best Value Propositions:

The Best Way to Get Around is Using Uber.The Experience Is the Product with the Apple iPhone.  UnbounceA/B Testing Without Tech Pains: Slack: Work Productivity Boost with Less Work.Digit: Money Savings Without Having to Think About It

The four different categories of value are financial value, social value, psychological value, and functional value. Not all customers place the same value on different sources of value.

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Apple's value proposition to customers is specifically the design of its devices, the ease of use of its products, and the aspirational qualities its products offer the user.

What is meant by value proposition?

A value proposition is a brief explanation of why a client might select your good or service. It conveys the most obvious advantage that clients get from doing business with you.

Examples of the Best Value Propositions:

The Best Way to Get Around is Using Uber.The Experience Is the Product with the Apple iPhone.  Unbounce: A/B Testing Without Tech Pains.Slack: Work Productivity Boost with Less Work.Digit: Money Savings Without Having to Think About It

The four different categories of value are financial value, social value, psychological value, and functional value. Not all customers place the same value on different sources of value.

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Practices and processes that encourage the use of external as well as internal ideas in order to create new products and services is known as Blank______ innovation.

Answers

Open innovation change that adds value to be product or service

Practices and processes that encourage the use of external as well as internal ideas in order to create new products and services is known as Blank______ innovation.


Innovation is the incarnation of creativity into a usable product or service. In the entrepreneurial environment, invention is any new idea, process, or product, or a change to be product or process that adds value to that being product or service.
Open innovation  is principally a volition to this conventional system of doing invention where information has to stay within preset confines.

A mindset, if you will, of being open to sharing and entering information.
This companion explains how you can make invention a crucial business process and outlines the different approaches you can take. It gives you advice on planning for invention and creating the right business terrain to develop your ideas. It also outlines the help and support available to innovation businesses.


The business case for innovation Approaches to invention Planning Encourage invention in your business Backing innovation

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Americans are typically not shy talking up their accomplishments; however, in the United Kingdom, overt self-promotion is taboo. Which cultural influence does this exemplify?

body language

language

cultural baggage

family relationships

Answers

The cultural influence that the given scenario shows is C. cultural baggage

What is Culture?

This refers to the way of life of a person and how he lives his life, the values that he holds dear and his relationship with others.

Hence, we can see that based on the given scenario, the fact that the Americans will brag about their achievements and the British may not because it is considered taboo is a good example of cultural baggage.

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Answer:

cultural baggage was wrong for me

I think it is language

Explanation:

Christopher just received his checking account statement from his bank. He has a NOW account with free checking that pays 0.75% APR on the balance and requires a $500 minimum balance. His statement shows that he currently has a balance of $3,950. In looking at his statement he notices that his car payment check for $400 is still outstanding, and that his recently received payroll deposit of $3,600 had not posted at the time the statement was created. His normal living expenses average $1,500 per month including his car payment. Other than his car loan, he rarely writes any checks as he prefers to use his debit card and ATM card for day-to-day living expenses. He pays his credit card balance in full every month. Other than his checking account he does not own any investments. He has always dreamed of owning a house, and would like to buy one within the next five years. He has access to a 401(k) pension plan at work where his employer will match contributions up to 6% of his salary. He currently contributes 2% of his salary to this plan. Christopher has not received an Income Tax refund in 4 years. Is there anything you could recommend to him

Answers

Yes, I would recommend that Christopher should increase his 401(k) contributions to 6% of his salary.

What is 401(k)?

A 401(k) refers to a type of savings plan that is sponsored by a business firm (employer), so as to avail its employees an opportunity to contribute a certain amount of money into.

In this scenario, I would recommend that Christopher should increase his 401(k) contributions to 6% of his salary because it would reduce his income tax for the next five years while taxing only his withdrawals.

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How to advertise a buisiness on Etsy

Answers

To advertise a business on Etsy it is necessary to use a strategy aligned with your goals, such as using marketing emails and promoting your store on social media.

What are the advantages of digital marketing?

Through advertisements made on the internet, there is greater possibility of reaching and attracting customers in a faster and more dynamic way, through tools that generate value and engagement.

Therefore, to advertise your business on Etsy you need to identify your customer's needs and wants, promoting your product to create value.

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Why should we be careful about what we post on social media and the internet?

Answers

One should be careful about posting on social media platforms because this post enables viewers to frame a mindset about an individual and their personality.

What is a social media platform?

Social media platform refers to a stage where people communicate with each other and share their opinions and knowledge on different content.

One should be careful while posting on social media because the content posted on these platforms will lead to the evaluation of the personality and mindset of an individual by the audience. These evaluations can be both negative and positive.

These platforms play a key role in a career when an employer checks the background history of a candidate. Any posts that create a negative impact will lead to spoil the impression before the hiring manager.

Therefore, it is important to be careful while posting stuff on social media.

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Mr. Troy wants to buy stocks of a local retail company. He needs help with market research and requires some investing advice, as well as someone to do the trading for him. Mr. Troy should contact a(n) _____.

Answers

Mr. Troy should can contact securities broker

A consumer's connection to the global financial markets is crucially facilitated by the securities broker. Brokers in securities, also known as sales agents for commodities, financial services, and securities, provide guidance to clients looking to invest money. Securities brokers make arrangements for their clients' purchases or sales of stocks, bonds, and other securities. Brokers guide clients toward the various investment possibilities that best meet their needs among the maze of choices.

Stocks and bonds are the two most popular kinds of securities. By issuing stocks, private companies give the general public a stake in the company. In exchange for using their money to purchase stock, investors may be promised dividends, which represent a portion of the earnings.

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The study of how people make decisions in situations where attaining their goals depends on their interactions with others is called.

Answers

The correct answer is: "Game theory"

Hope this helps :)

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