The formula for calculating the double-declining-balance method is:_________
Answers
The formula for calculating the double-declining-balance method is: (Book Value at Beginning of Period x 2) / Useful Life.
1. Determine the initial cost of the asset. Let's say it's $10,000.
2. Estimate the useful life of the asset. In this case, we'll assume 5 years.
3. Calculate the straight-line depreciation rate: 1 / Useful Life = 1 / 5 = 0.2 or 20%.
4. Double the straight-line depreciation rate: 20% x 2 = 40%.
5. Apply the double-declining-balance method each year.
Year 1:
- Book Value at Beginning of Period: $10,000
- Depreciation Expense: $10,000 x 40% = $4,000
- Book Value at End of Year 1: $10,000 - $4,000 = $6,000
Year 2:
- Book Value at Beginning of Period: $6,000
- Depreciation Expense: $6,000 x 40% = $2,400
- Book Value at End of Year 2: $6,000 - $2,400 = $3,600
Continue this process for the remaining years of the asset's useful life.
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Related Questions
how do you become popular
Answers
Answer:
Spread the word; advertisements
Explanation:
In order to get popular you need to spread the word about your business, you needadvertisementst,s and sometimes even create your own website. Some website makers include Wix.
resoudre cette equation suivante. 5 - 6 = 3 +2 x. aidez moi svp .. reponse
Answers
Answer :
-2
5-6=3+2x
-1=3+2x
-1-3=2x
-4=2x
-4/2=x
-2=x
which of the following is also known as profit and loss statement?
net worth ledger
liability statement
income statements
transaction ledger
Answers
A financial statement that outline the revenues and costs during a period of time.
Another name for the profit and loss statement is the income statement.
The income statement is a financial statement that is used to record a firm's income and expenses in a given year. It contains information on the total profit or loss of a firm.
A balance sheet is a financial statement that contains information on a reports company's assets, liabilities and shareholders' equity at a point in time.
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On june 1, button co. Borrowed $1,000 cash from national bank by signing a 120-day, 6% interest-bearing note. Button will record this transaction with a credit to _____ in the amount of ______.
Answers
The complete statement is "On June 1, button co. Borrowed $1,000 cash from the national bank by signing a 120-day, 6% interest-bearing note. The button will record this transaction with credit to "Notes Payable" in the amount of $1,000."
What are a Notes Payable?Generally, Notes payable are a kind of long-term liability that show the money that a firm owes its financiers, which may include banks and other financial organizations in addition to alternative sources of funding such as friends and family.
Long-term obligations are those that must be paid back after more than a year, albeit often within a period of five years.
In conclusion, The whole statement is as follows: "On June 1st, button company took out a cash loan of $1,000 from the national bank by signing a note carrying 6% interest for a period of 120 days.
This transaction in the amount of $1,000 will be recorded when you press the button, and it will be credited to "Notes Payable.""
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For what reason can you infer that it might be relevant for a policy analyst to have a law degree?
A) Departments of education are in the executive branch, and most executive-branch officials have law degrees.
B) Policy analysis is a volatile job market, and it is helpful to have another field to fall back on.
C) Education policy needs to be enacted into law by our legislators and needs to comply with other state and federal laws.
D) Policy analysts tend to get sued by ideological foes, so legal knowledge is good protection.
Answers
Explanation:
i think is answer b.....m.
The bank reconciliation Group of answer choices should be prepared by an employee who records cash transactions is part of the internal control system is for information purposes only is sent to the bank for verification
Answers
Bank reconciliation is one of the components of the internal control system of an organization.
Option B is the correct answer.
What is internal control?Internal control is applied to identify the accuracy and fairness of the accounting information being reported in the accounting records.
The bank reconciliation is a statement prepared to figure out whether the balances of the company's cash account are matched with the bank statement or not. If it is not matched, then what are the differences that lead to the non-matching of both the records.
Therefore, the internal control system of an entity comprises one of its processes called bank reconciliation.
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True or false: if the sales comparison approach cannot be developed because of a lack of sales data, the cost approach cannot be developed either. true false
Answers
This is very true, no explanation
Which of these is a nonstore retailer?
A. Nail Salon
B. Supermarket
C. Coffee Shop
D. Catalog
Answers
Answer:
D. Catalog
Explanation:
Its not a store.
Drag each label to the correct location
PLEASE HELP
Answers
Answer:
put master budget for sources of cash and put cash budget for cost of finished goods
What two things does the peak phase of the business cycle represent?
Answers
The two things the peak phase of the business cycle represent is maximum productive output, and the end of the expansion.
What is the peak phase?In a business cycle, a peak is the highest point between the end of an economic expansion and the beginning of a contraction. The last month before several key economic indicators, such as employment and new housing starts, begin to fall is referred to as the cycle's peak.
At this point, an economy's real GDP spending is at its peak. The peak represents the pinnacle of a business cycle, while the trough represents the lowest point in a business cycle.
A business cycle peak occurs when economic activity reaches its peak and begins to slow or turn down.
Therefore, maximum output, and the end of the expansion are two things does the peak phase of the business cycle represent.
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An advantage of the corporate form of organization is that a corporation:.
Answers
Answer:provides limited liability to stockholders
Explanation:
According to the video, what are some hazards Stationary Engineers may face? Check all that apply. noise hazardous materials dangerous enclosures temperature extremes burns electric shock angry customers moving parts
Answers
Answer:
noise
hazardous material
burns
electric shock
moving parts
Explanation:
Answer:
noise
hazardous material
burns
electric shock
moving parts
Explanation:
did it
What Is NOT one of the three primary resources that farnilies have to reach financlal goals?
A.Education
B.Energy
C.Time
D.Money
Answers
Answer:
I think it would be education
Explanation:
Answer: A. Education
Explanation:
This investor started with $10,000 and ended up with $74,500 after 30 years, just
from the growth of that initial investment. Now, imagine they tried to use savings to
reach that same 30-year goal. If they start with $10,000, how much would they
need to save each year to have $74,500 after 30 years? Assume they don't earn
interest on savings.
would they need to save to have $74,500 after 30 years
Answers
Assuming that interest is not earned on savings, the annual saving to save $74,500 with an initial capital of $10,000 is $2,150.
What is interest?Interest refers to the finance charge or income that is added to a periodic saving.
The interest (simple or compounding) increases the amount of the funds at the end of its maturity period.
We can compute the compound interest using an online finance charge.
Data and Calculations:Initial investment = $10,000
Investment balance after 30 years = $74,500
To save $74,500 with an initial capital of $10,000 without interest, the annual saving is $2,150 ($74,500 - $10,000)/30.
Thus, assuming that interest is not earned on savings, the annual saving to save $74,500 with an initial capital of $10,000 is $2,150.
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If the price is raised to $7, what would be the result in the market place? (Surplus, Shortage, or Equilibrium).
Answers
Because the price is rising.
Human resources is about trying to
find the best way to utilize which of
the following for the benefit of the
company overall?
A. loans
B. products
C. people
Answers
Answer:
I think b is that the answer
Candy asks her friend Nayeli if she can borrow her car. Nayeli agrees to allow Candy to use her car for the day. Which of the following is correct?
A: Nayeli is a bailor here.
B: All of the answer choices are correct.
C: Candy owes a duty of highest care to protect the car.
D: This is a gratuitous bailment.
Answers
A: Nayeli is a bailor in this situation. A bailor is the owner of the property (car) who lends or entrusts it to someone else (Candy) temporarily.
In this scenario, Nayeli is considered the bailor because she is the owner of the car and has agreed to lend it to Candy. A bailor is a party who entrusts their property to another person (the bailee) temporarily. Candy, in this case, would be the bailee. As the bailor, Nayeli retains ownership of the car while temporarily transferring possession to Candy. It is Nayeli's decision to allow Candy to use the car, and she retains certain rights and expectations regarding the car's care and returns. Candy, as the bailee, has a duty to exercise reasonable care in protecting and using the car while it is in her possession.
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Explain how and why a manufacturer of ice cream products should be ‘market orientated ’.
Answers
Answer:
A market-oriented ice cream manufacturer focuses on meeting customer needs and preferences. This involves conducting market research to determine what flavors, packaging, pricing, and features are appealing to their target audience. Regularly seeking feedback from customers helps them make necessary changes. Being market-oriented helps manufacturers stay competitive, build brand loyalty, and ensure customer satisfaction.
A nation whose interest rate is rising more rapidly than interest rates in other nations can expect the international value of its currency to appreciate.
Answers
Answer:
true
Explanation:
The exchange rate is the rate at which one currency is exchanged for another currency
If interest rate is higher in a country compared to other countries, investors would be interested in investing in that country because they would earn a higher return for their investment.
As a result of the higher flow of funds into the economy with the higher interest rate, the demand for the country's currency increases. If the demand increases relative to supply, the value of that currency relative to other currencies increases and its exchange rate increases. this is what is referred to as currency appreciation
5 Ayesha is a business adviser. Her financial year ends on 30 September. She provided the following trial balance at 30 September 20-3: $ Capital $ Drawings 15200 125000 Premises 95 000 Office equipment Fees from clients 21600 Insurance 3110 Printing and stationery 2480 Wages Office expenses 59 650 3120 Rent receivable Trade receivables 6150 6000 9510 Bank overdraft Cash 65950 150 206460 206460 Prepare Ayesha's income statement for the year ended 30 September 20-3 and a statement of financial position at 30 September 20-3.
Answers
From the income statement, the net profit is $49,870(loss), the total assets is $181,250 and the total liabilities is $125,000
What is the income statementFees from clients: $21,600
Expenses:
Wages: $59,650
Rent: $3,120
Office expenses: $3,110
Printing and stationery: $2,480
Insurance: $3,110
Total expenses: $71,470
Net profit: $21,600 - $71,470 = -$49,870 (Loss)
Statement of Financial Position at 30 September 20-3:
Assets:
Premises: $95,000
Office equipment: $6,000
Rent receivable: $6150
Trade receivables: $6,000
Bank overdraft: $65,950
Cash: $150
Total assets: $181,250
Liabilities:
Drawings: $125,000
Capital:
Capital balance: $15,200
Total liabilities and capital: $181,250
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Which assumption would a lender most likely make about a person with a credit score around 800?
O that the person has invested a great deal of money in the stock market
O that the person has had very few delinquent payments in the past
O that the person has lived in the same city for a long time
O that the person has avoided using credit cards
Answers
Write a paragraph explaining what kind of assessment works best for you to really be able to show what you know. (Consider standardized tests, open ended responses, essays, projects, speeches, labs). Explain how your learning style may influence your success on each kind of assessment. 100 POINTS PLZ HELP TODAY
Answers
Answer:
In my experience, essays work best for me to be able to show what I know. I feel that they are more effective than taking, say, a standardized test for example. This is because they are often multiple choice, and I find myself sometimes guessing rather than doing the intended work. In an essay, I have no option other than to type/write out what I know with little-to-no guesswork, making writing out an essay a superior option when it comes to displaying my knowledge on a topic. My preferred learning style is of the visual sort, and that means I learn best by taking notes, seeing examples, using charts and diagrams, etcetera. These skills influence my success on many different types of assessments, including essay writing, test taking, and project making. I am able to visually take notes on the topic at hand, often with examples, which, in my experience, greatly influences my success on these different types of assessments.
if you had $1100000000000 what would with it and why
Answers
Answer: buy my school than demolish it
Explanation:
Answer:
i'll buy
Why:
Why? it's because i had $1100000000000
9. During the selling process, you assess the needs of the customer by asking questions that get the customer to provide details about what they want or need. These
questions are typically not answered with a "yes" or "no".
O A. Open-Ended questions
O B. Fast questions
O C. Short questions
OD. Easy questions
Answers
You determine the customer's demands during the selling process by posing questions that compel the respondent to disclose specifics. Option (C) is hence the appropriate response.
Starting a small business teaches you quickly that you must satisfy client demand in order to stay in business. The patterns in that demand may appear mysterious at first, but if you get familiar with the concepts in customer's demands theory, you can predict client behavior process with accuracy. This idea, which was created by numerous thinkers over a long period of time, aids in anticipating consumer responses to adjustments in the way you sell your goods and services.
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Which of the following businesses is NOT possible to be rivaled?
A. an electric company
B. a mall
C. an airline company
D. a telecommunication provider
Answers
Answer:
A. an electric company
Explanation:
Among all the options given above, it is an electric company that cannot be rivaled due to the fact that, all household definitely need electricity in-order to power their home. Due to the nature of the company and how capital intensive it is, it would always be in demand by the people.
Select the response that corrects the capitalization error in the sentence below. I live in Kentwood, louisiana. a. i b. kentwood c. Louisiana Please select the best answer from the choices provided A B C
Answers
Answer:
a) I
Explanation:
The letter I continues to be capitalized because it is the only single letter pronoun. Because the pronouns I and me have different uses, it's easy to distinguish between the two in terms of capitalization rules.
Loptech, a technology firm, wants to issue bonds for investment purposes. Loptech has one of the best credit ratings in the industry. Market rates for debt instruments average at .5% interest. Based on its credit rating, Loptech would likely sell bonds that pay _____.
0.25%
Indeterminable with current information
0.5%
0.75%
Answers
Answer:
The best option available is:
0.25%
Explanation:
Since Loptech has a great credit rating, it will pay a very low interest rate, at least lower than the average. Since the average interest rate is 5%, you should expect them to pay less than 5%. You cannot determine exactly what interest rate they will pay but if we consider the available options, the best choice is 0.25%.
Credit ratings work similarly for people and companies, e.g. the average interest rate charged by credit cards is around 14.5%, but people with very high credit scores, like 800 or so, will generally pay between 8-10% interest rates, while people with very low credit scores will pay over 20%.
please help me,its economics, what is the other for real GDP and nominal GDP
Answers
Answer:
The main difference between nominal GDP and real GDP is the adjustment for inflation. Since nominal GDP is calculated using current prices, it does not require any adjustments for inflation. ... Using a GDP price deflator, real GDP reflects GDP on a per quantity basis.
i need help with Question B5 (a) short essay. im completely lost please help me :(
Answers
The SmartArt icon will allow you to include which of the following on a slide?
Answers
I think the answer is Graphs, I hope this helps