a company purchased equipment on january 1, 2022, for $800,000, estimating a five-year service life and no residual value. in 2022 and 2023, the company depreciated the asset using the straight-line method. in 2024, the company changed to sum-of-years'-digits depreciation for this equipment. what is the amount of depreciation that the company should record for the year 2024 on this equipment?
Answers
A company purchased equipment on January 1, 2022, for $800,000, estimating a five-year service life and no residual value. The amount of depreciation that the company should record for the year 2024 on this equipment is $533,333
What is depreciation?Generally, To determine the amount of depreciation that the company should record for the year 2024 on this equipment, you will need to calculate the sum-of-years'-digits (SYD) depreciation for the asset. The SYD depreciation method is an accelerated depreciation method that assigns a greater portion of the depreciation in the early years of an asset's life and a smaller portion in the later years.
To calculate the SYD depreciation for the year 2024, you will need to determine the following:
The asset's remaining useful life at the beginning of 2024: This is the number of years that the asset is expected to be used after the start of 2024. In this case, the asset has a 5-year service life, and it has already been in use for 3 years (2022 and 2023), so the remaining useful life at the beginning of 2024 is 5-3=2 years.
The sum of the years of the asset's remaining useful life: This is the sum of the remaining useful life of the asset calculated in step 1. In this case, the sum of the years is 2+1=3.
The depreciation rate: This is the percentage of the asset's cost that will be depreciated each year. To calculate the depreciation rate, you will need to divide the remaining useful life of the asset (calculated in step 1) by the sum of the years of the asset's remaining useful life (calculated in step 2). In this case, the depreciation rate is 2/3=0.67.
Once you have these values, you can calculate the SYD depreciation for the year 2024 by multiplying the asset's cost (800,000) by the depreciation rate (0.67) to get the SYD depreciation amount for the year: 800,000 * 0.67 = $533,333
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Related Questions
what do you mean by Business Risk ??
Answers
Answer:
Business risk is the exposure a company or organization has to factor(s) that will lower its profits or lead it to fail. Anything that threatens a company's ability to achieve its financial goals is considered a business risk.
Explanation:
hope it is helpful for you keep smilingAnswer:
hi r u Korean
Explanation:
I love koreans
Websites like Poshmark, where people can buy or sell new or used clothing to other consumers, is an example of ________ marketing.
Answers
There are ways to market a product. Websites like Poshmark uses C2C marketing.
What does C2C means?This is known as Customer to customer. The Customer to customer (C2C) is known to be a type of business model or marketing type where a potential customers can trade with one another.
It is regarded as a form of online environment. C2C marketing is often used daily and also very popular with the use of the Internet and firms such as Poshmark
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Market value ratios give management an indication of what investors think of the company's _______ and future prospects.
Answers
Correct answer is performance. Market value ratios give management an indication of what investors think of the company's past performance and future prospects.
These ratios are used to compare a company's market value, or what investors are willing to pay for its stock, to various aspects of its financial performance. This can help management understand how the company is perceived by investors and whether they believe it is a good investment. Market value ratios include the price-to-earnings ratio, price-to-book ratio, and dividend yield.
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in 10000 independent tosses of a coin, the coin landed on heads 5800 times. is it reasonable to assume that the coin is not fair? explain.
Answers
Based on the outcome of 5,800 heads out of 10,000 independent tosses, it is reasonable to suspect that the coin may not be fair.
When analyzing the fairness of a coin, one would expect an approximately equal number of heads and tails over a large number of independent tosses. In this case, out of 10,000 tosses, the coin landed on heads 5,800 times. To determine if the coin is fair, we can conduct a hypothesis test using statistical methods.
Using a significance level (commonly denoted as alpha), we can set a threshold for the likelihood of obtaining a result as extreme as 5,800 heads if the coin were fair. If the probability of such an extreme result is low (typically less than 5% or 1%), we would reject the assumption that the coin is fair.
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How cash inflow and outflow affects the components of a financial plan
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Describe the role of the entrepreneur in the decision making process.
Outline the following roles of an entrepreneur in economic development:
a) collaborating;
b) providing goods and services to satisfy citizens;
c) creating jobs ; and,
d) contributing to nation building
Answers
The following roles of an entrepreneur in economic development is generally and actually providing goods and services to satisfy citizens Option(b) is correct.
What is Economic Development?In the economics investigation of the public area, economic and social development is the cycle by which the economic prosperity and personal satisfaction of a country, district, neighborhood local area.
The term has been utilized often in the twentieth and 21st hundreds of years, yet the idea has existed in the West for far longer. "Modernization", "Westernization", and particularly "industrialization" are different terms frequently utilized while talking about economic development.
Therefore Option(b) is correct By and large, economic development arrangements zeroed in on industrialization and foundation; since the 1960s, it has progressively centered around neediness decrease.
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What gives commodity money its value? a government’s guarantee of its value the type of material with which it is made its rate of exchange in other countries the ability to trade it for a valuable good
Answers
Answer:
B. the type of material with which it is made
Explanation:
Money can be defined as any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
Also, an exchange can be defined as the process of providing goods and services by an individual or organization, to meet the needs of customers in exchange for an amount of money.
Hence, the type of material with which money is made is what gives commodity money its value because it is based on the perception of the buyer and seller of goods and services. A commodity money simply refers to money that derives its value from the commodity with which it is created from. Some examples of commodity money are gold, diamonds, silver, cowry, cocoa, copper and other valuable resources.
Answer:
B is correct
Sally jones had a policy with a $250 deductible which paid 80% of her covered charges less deductible. She had medical expenses of $18,240. 0. What is the 20% co-payment?.
Answers
Consequently, we will subtract $250 from $18,240. You left with 17,290, therefore we may subtract 80% of $17,090 to get 14,392, bringing the total cost of Sally's expenses to $14,392.
Explain what expenses are.Expenses are simply another word for cost. Expenses are the term used in accounting to describe the operational costs incurred to produce business revenues. In this statement, the idea of exchanging money for products or services is alluded to. The total cost of all actions that typically incur expenditures may also be referred to as expenses.
What exactly does an accounting cost mean?Costs are the costs incurred by a business to operate. Rent, depreciation, salaries, taxes, and administrative fees are a few examples of expenses. Profit is calculated as revenue less expenses.
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outline 2 advantages to H&H of using secondary market research
Answers
Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable
Assume that Anna buys peanut butter and bread. If the price of peanut butter falls, then OA. One end of her budget constraint will move away from the origin. B. Her entire budget constraint will shift toward the origin. O C. Her entire budget constraint will shift away from the origin. O D. Her indifference curves will shift away from the origin.
Answers
the one associated with peanut butter, to move away from the origin. This is because her purchasing power for peanut butter has increased, while the price of bread remains unchanged.
The correct option is B. Her entire budget constraint will shift toward the origin.
When the price of peanut butter falls, Anna will be able to buy more peanut butter for the same amount of money. This means that the peanut butter "end" of her budget constraint will move further out from the origin, indicating that she can buy more peanut butter.
This also means that the other end of her budget constraint (bread) will be relatively closer to the origin, since she is spending less on peanut butter and therefore has less money to spend on bread. This will cause her entire budget constraint to shift inward, or toward the origin.
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According to the short-run phillips curve, if the central bank increases the money supply, then?
Answers
According to the short-run Phillips curve, if the central bank increases the money supply, then it is expected to lead to a decrease in unemployment in the short run.
The short-run Phillips curve represents the inverse relationship between the inflation rate and the unemployment rate.
When the central bank increases the money supply, it injects more money into the economy, which can stimulate economic activity. This increased money supply can lead to increased spending and investment by businesses and individuals. As a result, the overall level of demand in the economy rises, which can lead to increased production and employment.
In the short run, the increase in aggregate demand can have a positive impact on employment and decrease the unemployment rate. However, it is important to note that this relationship is primarily applicable in the short run. In the long run, the Phillips curve tends to become flatter, suggesting that there is no permanent trade-off between inflation and unemployment.
In the long run, the economy tends to return to its natural rate of unemployment regardless of changes in the money supply or aggregate demand.
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Q 9.22: Aledo Manufacturing utilizes a calendar year as its fiscal year and depreciates plant assets using the straight-line method. On January 2nd, 2017, the company purchased a semi-truck for $215,000 with a useful life of ten years and an estimated salvage value of $23,000. On January 1st, 2022, the company decides to extend the useful life to twelve years while decreasing the estimated salvage value to $21,000. What amount will Aledo report as depreciation expense for the year ended December 31st, 2022
Answers
Answer:
$3,000
Explanation:
The depreciation expense for the year ended December 31st, 2022 is $3,000
repayment of medium- and long-term loans that u.s. commercial banks make to foreign borrowers for purchasing u.s. exports is guaranteed by the
Answers
The repayment of medium- and long-term loans that U.S. commercial banks make to foreign borrowers for purchasing U.S. exports is guaranteed by the **Export-Import Bank of the United States (EXIM)**.
The EXIM Bank is a federal government agency that provides various financing tools to assist in the export of U.S. goods and services. One of its main functions is to provide loan guarantees to foreign buyers of U.S. exports, which helps to reduce the risk for U.S. commercial banks that provide financing for these exports. By guaranteeing the repayment of these loans, the EXIM Bank helps to facilitate the export of U.S. goods and services and support U.S. jobs. It's worth noting that the EXIM Bank's loan guarantee program has faced controversy in the past, with some critics arguing that it represents an unnecessary government intervention in the market. However, supporters argue that the program is a crucial tool for promoting U.S. exports and supporting American businesses.
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Which deduction generally makes up the largest portion of income subtracted from an employee?
A) taxes
B) unemployment
C) health benefits
D) 401K retirement
Answers
Answer:
it's taxes
EXPLANATION:
Which statement includes one real benefit from shopping with a credit card? *
1 point
You may earn cash back, travel rewards, or other perks for each dollar you spend
Most stores will give you a discount if you pay with credit instead of cash or debit
It pulls money directly from your bank account, preventing you from overspending
If you do not have the money to pay your monthly bill, you can just wait a few months and pay the same amount then
Answers
The statement which includes one real benefit from shopping with a credit card is:
A. You may earn cash back, travel rewards, or other perks for each dollar you spendA credit card is a payment card that is authorised by a financial institution which allows the owner of the card to make purchases based on his available card debit limit
There are various benefits to using a credit card which include:
A user can earn rewards or cash back when he spends with his credit cardA thief would not be able to successfully use a stolen credit cardIt is easier to make disputes on a transaction, etcTherefore, the correct answer is option A
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Which sequence of HACCP principles is in the correct order?
A.
Establish critical limits for each CCP, conduct a hazard analysis, and establish corrective actions.
B.
Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP.
C.
Establish record-keeping procedures, establish corrective actions, and establish CCP monitoring requirements.
D.
Establish CCP monitoring requirements, conduct a hazard analysis, and identify CCPs.
E.
Conduct a hazard analysis, identify CCPs, and establish CCP monitoring requirements.
Answers
Answer:
B
Explanation:
Hazard analysis of critical control point (HACCP) is a process of identifying and assessing risks alongside the biological , physical and chemical hazards associated with food production .
The sequence of the first three of the seven principles are
1. Conduct hazard analysis to determine potential risks related to food protection
2. Identify the critical control point (CCP) which addresses controlling identified hazards that are mostly likely to cause injury to health
3. Establishing critical limits for each CCP , which is the highest or lowest level a biological ,physical or chemical parameter must be controlled to prevent or minimize hazards.
Answer:
B. Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP
Explanation:
what are some basic marketing strategies
Answers
Claim Your Business Online.
think positively.ALWAYS THINK POSITVE!!!
promote it n social media.
be loud to people to everybody be aware of your buisness.
Advertise Online.
HOPE this helps
take care have a good day
What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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A commercial building would be classified as a(n)
part.
piece of equipment.
installation.
supply.
Answers
Answer:
installation.
Explanation:
A commercial building would be classified as an installation.
Answer:
supply
Explanation:
because from there supply willl be done
Internet is both boon and curse. Justify the statement
Answers
Why Internet is a boon :-
Because of internet, world has became a global village.
Internet encourages freedom of speech.
Internet is empowering everyone including those who are residing at remotest places.
Internet has created a lot of opportunities that weren’t there before. It created a lot of jobs.
Education got globalized. Students can take any course in any college through E-learning.
New innovations and resources can now be shared easily.
Transfer of files was made easy.
There is no limit to store information in the internet.
Communication has never been this easier.
We can pay bills or buy items from home, that would have required to go outside otherwise.
We can find information about anything.
We can develop our skills through many free courses available in internet.
Internet can be used for entertainment such as playing video games, watching movies etc.
The scope of gossips on celebrities is reducing because now celebrities are able interact with fans directly through social media.
Why Internet is a bane :-
According to researchers, our concentration levels are decreasing with the overwhelming usage of internet as we are concentrating on a lot of things at the same time.
Our memory power is reducing. With the growing usage of internet, we are not using our minds as much as we did when there was no internet. We used to store a lot of information in our minds and we used do simple math without using our phones etc.
The present generation has way too many distractions because of internet.
Lack of security, because hackers can easily theft data or can manipulate it.
Face to face communication has reduced.
Everyone can express their own views. But lots of misleading information too available in the internet. Children and youth can easily be misled by that.
Through Internet, viruses and malware spread easily and total data can get corrupted.
Many waste their precious time on internet.
Gossips spread easily. The privacy of celebrities is diminishing.
Internet addiction is now one of the modern world problems.
Conclusion :-
Internet is definitely a boon. It brought the world closer and made our lives easier. We should utilize technology to compete with this fast world. But every coin has two sides. It’s up to us to receive good and to leave bad.
What purpose does tesla serve in the economy?
Answers
Tesla has created over 1,500 jobs at its ATVM-supported facilities. The Department of Energy's investment in Tesla supports the commercial deployment of advanced technologies that help U.S. automakers remain competitive in the growing global advanced vehicle market. This is the purpose of tesla serving the economy.
The economy is the field of production, distribution, trade and consumption of goods and services. Generally, it is defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.
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A Nike Hoodie has a retail price of $99.00 and it costs the retailer $49.50. What is the mark-up
Percentage?
Answers
Answer:
100%
Explanation:
Mark-up is the difference between selling price and cost price
Selling price =$99.00
Cost price = $49.50
Mark up = $99- 49.50
=$49.50
As a percentage
= $49.50/$49.50 x 100
= 1 x 100
= 100%
Service level is:
OA. something that should be minimized in retail.
OB. calculated as the cost of an overage divided by (the cost of shortage+ the cost of overage) for single-period models.
OC. the probability of not stocking out.
OD. the probability of stocking out.
OE. B and D
Answers
Option B and D are correct in the context of single-period models. In such models, service level is calculated as the cost of an overage divided by the sum of the cost of shortage and the cost of overage. This formula helps in determining the optimal order quantity, where the cost of overage is balanced with the cost of shortage.
Service level is a term that is commonly used in supply chain management and inventory control. It refers to the level of service that a company provides to its customers, in terms of product availability. In other words, service level is the probability of a product being available for a customer when they need it. This means that if a company has a high service level, it is more likely to meet customer demand and have a positive impact on customer satisfaction. On the other hand, a low service level may result in lost sales and unhappy customers.
In conclusion, service level is a crucial aspect of supply chain management and should be maintained at an optimal level to ensure customer satisfaction and business success.
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please review the presentation on financial modeling and forecasting. please review the microsoft corporation case study (financial statement) and submit a paper explaining the components of the spreadsheet and the findings. what is your financial recommendation for forecasting regarding future profits, liabilities, assets, a deficient, etc?
Answers
financial recommendation for forecasting regarding future profits, liabilities, assets, a deficient, etc.
A financial advisor or financial advisor is a professional who provides financial services to clients based on their financial situation. In many countries, financial advisors must complete special training and be registered with regulatory authorities in order to provide advice.
Financial Advice is in the business of advising others to plan and/or provide advice regarding the selection, purchase, or sale of financial instruments to achieve investment, risk management, or risk mitigation objectives. I mean process.
An investment recommendation is information that expressly or implicitly recommends or suggests an investment strategy relating to one or more financial instruments or issuers, and an opinion as to the current or future value or price of those instruments. and is intended for distribution channels.
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A reduction in the level of unemployment would have which effect with respect to the nation's production possibilities curve?
A. It would shift the curve to the left.
B. It would not shift the curve; it would be represented by moving from a point inside the curve toward the curve.
C. It would not shift the curve; it would be represented by moving from a point on the curve to a point to the right of the curve.
D. It would shift the curve to the right.
Answers
Answer:
B. It would not shift the curve; it would be represented by moving from a point inside the curve toward the curve.
Explanation:
Here the falling in unemployment represents that there is a movement with respect to the resources that are fully employed.
In this the unemployment means that it could be occured inner side of the PPF but if there is an increase, so the point of the production would be moved inner of the PPF to the PPF
Therefore the option B is correct
If the marginal benefit of the first donut is 30, the marginal benefit of the second donut is 15, and the marginal benefit of the third donut is 10,
what is the total benefit from eating 2 donuts?
Answers
Answer:
45
Explanation:
Marginal benefit is the additional satisfaction gained from consuming an additional unit of the good. It refers to the advantage associated with the consumption of one more unit of a product. The total benefit is total satisfaction derived from the consumption of goods and services.
The total benefit of consuming two doughnuts is the sum of consuming the first two doughnuts.
= 30 +45
=45
Which of the following three situations is least likely to occur at the same time as the other two situations? Why?
1) Real GDP is less than potential GDP.
2) An economy in a strong, 5-year expansion.
3) An unemployment rate above the natural rate of unemployment.
Answers
Answer: I'm going to take a guess and say 1 and 3.
Explanation: Just taking a guess.
Help! Match the word with the right definition (not all word will be used)
Word Bank:
A. Antitrust laws B. Business ethics
C. Code of ethics D. Contract
E. Copyright F. Ethics
G. Monopoly H. Nonrenewable resources
I. Patent J. Public utility
K. Social responsibility L. Trademark
______2. The obligation of a business to contribute to the well-being of a community.
_____3. Rules about how business and their employees ought to behave.
_____4. A natural resource, such as gas, coal, copper, or iron ore, that cannot or members of an organization.
______5. A statement of values and rules that guides the behavior of employees or members of an organization.
______6. A business that supplies a service or product vital to all people; the price charged for the service (or product) is determined by government regulation rather than by competition.
______7. Laws designed to promote competition and fairness and to prevent monopolies.
______8. Protection of the work authors, composers, and artists.
______9. An agreement to exchange goods of services for something of value.
______10. The exclusive right given to a person to make, use, or sell an invention for a period of 20 years.
______11. A word, letter, or symbol associated with a specific product or company.
______12. A business that complete control of the market for a product or service.
Answers
Answer:
2. K3. B4. H5. C6. J7. A8. E9. D10. I11. L12. GI Hope That's correct ✓ ;)
how Is productivity determined?
a.by measuring The relationship to inputs and outputs
b. by comparing the profitability of competing markets
c. by measuring the relationship between supply and demand
d. by comparing the number of hours worked by all employees
Answers
Answer:
a. by measuring The relationship to inputs and outputs
Explanation:
Productivity shows the efficiency of generating output using the available inputs. It is measured by dividing the output of a company or a production line by the inputs used. Therefore, productivity shows the relationship between inputs and outputs.
Productivity can also be measured by labor output. In this case, the output is divided by the number of labor hours used.
A cover letter accompanies_____?
A. a college application
B. the FAFSA
C. a letter of recommendation
D. a résumé
Answers
Answer:
B brainliest?
Explanation: