A piece of equipment was acquired on January 1, 2018, at a cost of $55,000, with an estimated residual value of $5,000 and an estimated useful life of five years. The company uses the double-declining-balance method. What is its book value at December 31, 2019

Answers

Answer 1

Answer:

Book value 2020= $18,000

Explanation:

Giving the following information:

Purchasing price= $55,000

Residual value= $5,000

Useful life= 5 years

First, we need to determine the depreciation expense for 2018 and 2019. We will use the following formula:

Annual depreciation= 2*[(book value)/estimated life (years)]

2018= 2*[(55,000 - 5,000)/5]= 20,000

2019= 2*[(50,000 - 20,000)/5]= 12,000

Book value 2020= 30,000 - 12,000

Book value 2020= $18,000


Related Questions

James received a raise after his first year on the job to $43,800 from his initial salary of $42,000. Inflation averaged 2.8% for that first year. In real terms (i.e., adjusted for inflation), what was his real raise stated as a percentage?

The calculation for percentage change of personal income is:
Group of answer choices
4.29%
2.29%
5.29%
1.29%

Answers

The calculation for percentage change of personal income is A. 4.29%. that is, the real raise of salary in percentage is 4.29%.

What is inflation?

The overall rise in prices of goods and services over time in an economy is referred to as inflation. When inflation occurs, people may purchase fewer products and services with the same amount of money because the purchasing power of a unit of currency declines.

How do you determine it?

James's initial income of $42,000 must be adjusted for inflation before being compared to his current compensation of $43,800 in order to determine his actual raise. The inflation rate was 2.8%.

Raise in salary = 43800 - 42000 = $1800

Therefore, real raise of salary in percentage is:

= Raise in salary/ initial salary x 100%

= 1800/42000 x 100%

= 4.285% = 4.29%

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Which of the following is not included in the typical pattern of behavior for a poverty-stricken person?
a.
higher crime rate
c.
higher standard of living
b.
higher divorce rate
d.
higher chance of being a victim of crime

Answers

Answer:

its c

Explanation:

got it right on edge

A person is poverty-stricken if they are considered to be very poor. A higher standard of living is not a typical pattern of behavior for a poverty-stricken person.

Who is poverty-stricken poverty?

A poverty-stricken person suffers from the effects of extreme poverty: Some beggars are impoverished and homeless.

There are few jobs for farmers who have moved to cities from poverty-stricken areas in search of work.

It is characterized by excessive indulgence, low self-regulation, exploitation of others, and limited motivation and effort.

Therefore, Option B is the correct answer that is a higher standard of living is not a typical pattern of behavior for a poverty-stricken person.

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What is the difference between your assets and your liabilities known as?
O A. your budget variance
OB. your profits
OC. your savings
OD. your net worth

Answers

The difference between your assets and your liabilities known as your net worth.

What is equity?

Equity is a business term in business or accounting, used to describe the right of the owners of a business assets after the liabilities have been deducted.

In an organization, assets are resources that the company owns. It is everything a business owns, which are cash, equipment, inventory, and investments, while liabilities are obligations that the company have – the difference between them is equity.

Equity is important because it represents the value of an investor's stake in a company, represented by the proportion of its shares. Owning stock in a company gives shareholders the potential for capital gains and dividends.

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You pay $23,100 to the Laramie Fund, which has a NAV of $21 per share at the beginning of the year. The fund deducted a front-end load of 5%. The securities in the fund increased in value by 10% during the year. The fund's expense ratio is 1.6% and is deducted from year-end asset values. What is your rate of return on the fund if you sell your shares at the end of the year

Answers

Answer:

2.83%

Explanation:

Actual initial investment=$23,100-5% front-end load=$23,100-(5%*$23100)=$21,945.00  

The number of shares= 21,945.00/$21=1045  shares

The securities increased in value by 10% i.e $21 increased by 10%

new security value=$21*(1+10%)=$23.1 0

If the shares  were sold at end of the year the cash receivable by the investor is computed thus:

cash=new security value*number of shares-1.6% expense ratio

cash =23.10*1045=$24,139.50  

cash paid to investor= 24,139.50-( 24,139.50*1.6%) =$23,753.27  

rate of return=cash received-cash invested/cash invested= (23,753.27-23,100)/23100  

Advertisements masquerade as media content by:
A. persuading us to buy a product.
B. breaking crucial news stories.
C. being entertaining and funny,

Answers

Answer:A

Explanation:

Persuading is a way to to gain attraction

What is a personal documentation?
What is the use?
Why is it important?
Thank you :)

Answers

Answer:

Personal documents are first-hand accounts of social events and personal experiences, and they generally include the writer's feelings and attitudes. They include such things as letters, diaries, photo albums, and autobiographies. Personal Documents may sometimes be referred to as Life Documents

Explanation:

Many other aspects of your life will run more smoothly with your documents in order. With well-organized health and prescription records, it is easier to stay on top of any health conditions you may have. The ability to lay hands on your insurance policies in the event of an issue arising will minimize stress too!

Item5
22
points
ReferencesItem 5
Best Buy might use all of the methods of change listed below. Which of these includes inputs, strategic plans, target elements of change, and outputs?

Answers

The Organization-Wide Change or Systems Model of Change places more focus on the necessity of executing changes company-wide as opposed to piecemeal.

What is the change process in an organization?

The process of leading organizational change through all stages of development—from conception and planning through implementation and resolution—is known as change management. Change processes have a set of initial circumstances and a useful conclusion.

A systems-based approach to transformation adopts a broad view of the process. The interaction of the fundamental elements of transformation is the main subject. Inputs, strategic plans, target aspects of change, and outputs make up a systems model of change's four primary parts.

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Lux Ladies, Inc., is a company that specializes in expensive and unusual gifts for all occasions. It keeps a large file of information on all of its regular customers, including names, addresses, and type of gifts they have ordered in the past, and the size and frequency of their orders. The electronic file which stores this information is a(n)

Select one:
a. spreadsheet.
b. MP3 file.
c. PERT file.
d. database.

Answers

Option D. The database is the The electronic file which stores this information for the company Lux Ladies, Inc.

What is a database?

A database in computing is a structured collection of data that is electronically accessible and stored. Large databases are housed on computer clusters or cloud storage, whilst small databases can be stored on a file system.

A database is a collection of data that has been organized to make it simple to manage and update. Data records or files containing information, including as sales transactions, customer information, financial data, and product information, are often aggregated and stored in computer databases.

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Discuss 3 concepts that you have learned in this lesson that you can use to design and support your business presentations. Provide specific
examples from both the e-book and the video (provide page numbers and time markers). Your initial post should be a minimum of 6
sentences in length. Then provide 2-4 sentences of constructive feedback to a minimum of 3 other posts.
Canech

Answers

The concepts you learned in this lesson that you can use to design and support your business presentations are:

Visual resourcesSupport dataPublic communication techniquesHow to create an effective business presentation?

It is necessary that you prepare yourself in advance, that is, know your target audience and study the topic to be discussed in a relevant way. The speaker's posture and his/her storytelling techniques are important to engage the audience.

Another essential technique is the use of visual resources such as media and graphics, to make the presentation more dynamic and complete.

Therefore, in a business presentation, the speaker must convey confidence, consistency and authority on the subject to be discussed, leading the audience to understand and adhere to his ideas.

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Giả sử có số liệu về nền kinh tế (Lãi suất tính bằng %, các chỉ tiêu khác tính bằng tỷ USD):
MD = 2700 – 250i; MSr = 1750. Thì mức lãi suất cân bằng là bao nhiêu?
giúp em với ạ môn kinh tế vĩ mô nha mn

Answers

Answer:

What language is this?

Explanation:

One of Shanice's team members is not happy with their performance review and refuses to accept the rating she gave. What should Shanice do?

Answers

Shanice should aim to resolve the issue through open communication, active listening, and a willingness to address the team member's concerns.

Listen and understand: Shanice should create an open and safe space for the team member to express their concerns. She should actively listen and seek to understand their perspective. This demonstrates empathy and shows that she values their input.

Provide clarity: Shanice should provide a clear explanation of the performance review process, including the criteria used to evaluate performance and the specific examples that led to the assigned rating. This can help address any misunderstandings or misconceptions.

Address concerns and offer feedback: Shanice should address the team member's specific concerns and provide constructive feedback. She can highlight areas for improvement and offer guidance on how to enhance performance. It's important for Shanice to focus on specific behaviors and outcomes rather than personal attacks or generalizations.

Seek input and involve the team member: Shanice can ask the team member for their suggestions on how to improve their performance or address their concerns. Involving them in the process can foster a sense of ownership and encourage collaboration.

Consider a reevaluation: If Shanice believes there may have been an oversight or if the team member presents compelling evidence, she can consider a reevaluation of the performance review. This may involve gathering additional feedback or revisiting the evaluation criteria.

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is a two-part process. One part explains what an employee would actually do at
5. A
various jobs.
A. job analysis
B. performance appraisal
C. job assessment
D. job title review
adding regu
that product

Answers

Job analysis is a two part process that involves gathering information about various jobs within an organization

What is job analysis

one part of job analysis focuses on understanding and documenting the tasks responsibilities and duties associated with different positions this includes identifying the specific tasks that an employee would actually perform while carrying out their job

job analysis typically involves techniques such as observation interviews questionnaires and reviewing existing documentation to collect data about job requirements skills knowledge and behaviors needed for effective job performance

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If the sales tax rate is 7.25% in New York State, then how much sales tax would you pay in Albany for a $34 pair of pants?

Answers

Answer:

2.51

Explanation: youre welcome

The document shows a 1040 form.

A 1040 tax form.

The 1040 form is used to collect

Answers

Answer:

The 1040 form is used to collect the federal tax.

Answer:

federal taxes

Explanation:

its simplest terms, what does the accounting equation tell you?

Answers

Answer:

The accounting equation states that a company's total assets are equal to the sum of its liabilities and its shareholders' equity. This straightforward relationship between assets, liabilities, and equity is considered to be the foundation of the double-entry accounting system.

In large organizations, safety compliance is usually managed by the HR department.
O A. True
O B. False

Answers

Answer:

B. False

Explanation:

hope this helps

Answer:
False

Hope This Helps!

1. Briefly explain two possible disadvantages to a sole trader of changing to a
Private limited company.

Answers

Answer:

Sole trader has independence of decision making and unlimited liability for debts which is not the case with Private limited company

Explanation:

Two possible disadvantages to a sole trader of changing to a  Private limited company are as follows -

a) As a sole trader there is unlimited liability for debts while in case of private limited company the the transfer ability of shares gets restricted.

b) The sole trader is the sole decision taken while in case of private limited company the joint decision can be taken by the co owners.

Imagine being an advisor to Hank Harris. What would you suggest should be Seller's Lab competitive strategy going forward?

Answers

Seller's lab can use either the cost leadership, cost focus, differentiation leadership, or differentiation focus strategy among the types of competitive strategies available depending on the situation of the company.

What is competitive strategy?

A competitive strategy is a long-term marketing plan created by businesses to protect their position in the market and obtain a competitive edge.

There are four types of competitive strategies can be used depending on the situation and objectives of each company-

Cost leadership strategy: The purpose of this strategy is to have lower costs than similar companies, which increases profit.Cost focus: This strategy aims at reducing costs to increase profit.Differentiation leadership: This strategy aims at making the company's products unique in comparison to similar companies.Differentiation focus: This strategy focuses on adding special characteristics to products, which can influence customers' loyalty.

Therefore, Seller's Lab would choose the appropriate competitive strategy from the above-mentioned types of competitive strategies for going forward.

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In each of the following four cases, MRP L and MRP C refer to the marginal revenue products of labor and capital, respectively, and P L and P C refer to their prices. Indicate in each case whether the conditions are consistent with maximum profits for the firm. If not, state which resource(s) should be used in larger amounts and which resource(s) should be used in smaller amounts.
a. MRPL = $8; PL = $4; MRPC = $8; PC = $4
1. These conditions are consistent with maximum profits for the firm.
True or False
2. Which resource should be used in larger and/or smaller amounts?
i- Use less of both
ii- Conditions are already consistent
iii- Use more of both
iv- Use less labor and more capital
v- Use more labor and less capital

Answers

Answer:

1. It is true that these conditions are consistent with maximum profits for the firm.

2. The correct option is ii- Conditions are already consistent.

Explanation:

1. These conditions are consistent with maximum profits for the firm. True or False

Under the profit maximization theory for two or more inputs, profit is said to be maximized by a firm when the ratios of the marginal products to cost per unit of each input are equal to each other. For this question, this implies that when we have:

MRPL / PL = MRPC / PC ...................... (1)

From the question, we have:

MRPL / PL = $8 / $4 = 2

MRPC / PC = $8 / $4 = 2

These imply that equation (1) holds as follows:

MRPL / PL = MRPC / PC = 2

Therefore, it is true that these conditions are consistent with maximum profits for the firm.

2. Which resource should be used in larger and/or smaller amounts?

The correct option is ii- Conditions are already consistent.

This implies that there is no need to change the amount of any of the two goods since the conditions are already consistent with maximum profits for the firm.

What is the first thing people should do when creating a budget?
A. Record everything that they spend and what they spend it on
B. Cut spending in every category of expenditures drastically
OC. Put every extra dollar towards paying off their debts
D. Hire an accountant or financial planner to take care of it

it’s A

Answers

When creating a budget people should Record everything that they spend and what they spend it on. The appropriate response is option A.

What is a budget ?

A budget is an estimate of income and expenditures for a given future period of time, and it is often created and updated on a regular basis. A individual, a group of people, a corporation, a government, or pretty much anything else that makes and spends money can all have budgets.

Budgeting is essential if you want to control your monthly spending, be ready for life's unforeseen events, not  falling into debt. Monitoring your income and expenses is a crucial component of budgeting.

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examples of report on how the agency regulates and enforces the protection of the financial markets.










on how the agency regulates and enforces the protection of the financial markets.











examples of reports on how the agency regulates and enforces the protection of the financial markets

Answers

The agency controls and enforces the financial markets' protection through the federal and state governments to control and monitor financial markets and corporations.

The agency controls and enforces the financial markets' protection These organizations each have a distinct set of responsibilities and duties that allow them to operate independently of one another while pursuing related goals. Although there are differing views on the effectiveness, efficiency, and even necessity of some of these agencies, each was created with a specific purpose in mind and is likely to remain in existence for a while. In light of this, that follows provides an overview of many of the regulatory agencies that are engaged in the American financial markets.

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executive Summary in cooperatives​

Answers

Answer:

In recent years there has been growing interest in having fisheries stakeholders involved in various aspects of fisheries data collection and experimentation. This activity is generally known as cooperative research and may take many forms, including gear technology studies, bycatch avoidance studies, and surveys. While the process is not new, the current interest in cooperative research and the growing frequency of direct budgetary allocation for cooperative research prompted this report. Cooperative Research in the National Marine Fisheries Service addresses issues essential for the effective design and implementation of cooperative and collaborative research programs.

What is the meaning of this question

Answers

Answer:

You either want someone to get points or there is no meaning to the quesiton

Explanation:

ummm... common sense :)

A can of dog food is on sale for 20% off the original price. If the original price is $1.35, what is the discount?

Answers

Answer:

this is pretty simple $ 00.27

WHOEVER ANSWERS NOW I WILL GIVE BRANLIEST!!! And more!!
Supply and Demand Activity: Student will research consumer demand for a high tech product (smart phone, tablet, etc.) and graph annual sales volume against average price. He/She will explain in the graph’s caption the reason for the price-volume relationship and present findings.

Answers

Answer:

! To conduct the supply and demand activity for a high-tech product, such as a smartphone or tablet, follow these steps:

1. Research: Select a specific high-tech product and gather data on its annual sales volume and average price over a period of time. You can use market reports, industry publications, or online databases to obtain this information.

2. Graph Creation: Create a graph with the annual sales volume on the y-axis (vertical) and the average price on the x-axis (horizontal). Label the axes clearly and appropriately.

3. Data Plotting: Plot the data points on the graph, representing each year's sales volume and average price. Connect the points with a line or curve to visualize the relationship between price and volume.

4. Caption and Analysis: Write a caption for the graph that explains the observed price-volume relationship. Analyze the graph and discuss why changes in price impact the sales volume. Consider factors such as consumer behavior, price elasticity, market competition, and technological advancements that influence the demand for high-tech products.

5. Findings Presentation: Present your findings to your audience, whether it's your classmates, teacher, or a larger group. Explain the relationship between price and volume, supported by your graph and analysis. Highlight any insights or trends you discovered during your research.

Remember to use clear and concise language in your presentation and support your explanations with evidence from your research.

To research consumer demand for a high-tech product like a smartphone, tablet, or any other electronic device, you can gather data on annual sales volume and average price over a specific period. Once you have the data, you can plot a graph to analyze the relationship between price and volume.

Here's an example of how the graph could look:

Price-Volume Relationship Graph

Caption: The Price-Volume Relationship in the High-Tech Product Market

In this graph, the x-axis represents the average price of the high-tech product, while the y-axis represents the annual sales volume. The data points plotted on the graph indicate the relationship between price and volume

Based on the data, we can observe a negative correlation between price and volume. As the average price of the product increases, the sales volume tends to decrease. Conversely, as the average price decreases, the sales volume tends to increase.

This relationship can be explained by the basic principles of supply and demand. When the price of a high-tech product is higher, it becomes less affordable for consumers, leading to a decrease in demand and consequently a lower sales volume. On the other hand, when the price is lower, it becomes more accessible, increasing the demand and resulting in a higher sales volume.

The graph highlights the importance of finding an optimal price point that balances profitability and consumer demand. It also suggests that price reductions could potentially lead to increased sales volume, while price increases may result in decreased volume.

These findings can be valuable for businesses in the high-tech industry to understand consumer behavior, set pricing strategies, and make informed decisions regarding supply and demand dynamics.

Remember, for a comprehensive analysis, it is essential to consider additional factors such as market competition, product features, consumer preferences, and overall market conditions.

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give connotative meaning of hail​

Answers

Answer:

to cheer, salute, or greet; welcome. to acclaim; approve enthusiastically: The crowds hailed the conquerors. They hailed the recent advances in medicine

A great way to ontain hands-on training in a real work environment is to complete a(n)

A great way to ontain hands-on training in a real work environment is to complete a(n)

Answers

Answer:

It's c, apprenticenship

What possible repercussions might result from an impulse buy

Answers

Impulse buys can lead to financial strain, regret, clutter, and strained relationships.

What are the repercussions that result from an impulse buy?

Possible repercussions from an impulse buy include financial strain, accumulating debt, buyer's remorse, and dissatisfaction with the purchased item.

Impulse buying can disrupt budget plans and hinder long-term financial goals. It may also lead to clutter and unused items, wasting both money and resources. Additionally, impulsive purchases can strain relationships if they are made without considering shared financial responsibilities or without proper communication with a partner or family member.

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Which of the following best describes what happens if one more unit of labor is used? Choose 1 answer:
A) MPL increases
B) MPL equals total product of labor (TPL)
C) APL is maximized
D) APL increases.
E) MPL is minimized​

Answers

MPL increases, best describes what happens if one more unit of labor is used. Thus, option (a) is correct.

The change in output brought on by adding a new unit of labour is known as the marginal product of labour (MPL).

MPL stands for the extra output that can be produced with an additional unit of labour. If MPL rises, it indicates that the extra output produced by the additional unit of labour is larger than the output produced by the original unit of labour.

Therefore, option (a) is correct.

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how equilibrium price and output are determined in short run by a firm using mr-mc approach under monopoly market ?explain in economic class 12​

Answers

When the short-run marginal cost (SMC) equals the marginal revenue, the equilibrium price and output are found (MR).

How can a company using the MR MC strategy in an environment of perfect competition determine equilibrium output and price over the short term?

The marginal revenue (MR) and marginal cost (MC) of production are frequently cited as the causes of the producer's equilibrium. Profit is maximized (perhaps a producer finds equilibrium) when both of the following conditions are satisfied: I MR = MC and II MC is increasing (or MC exceeds MR when the output reaches equilibrium).

At this point, the short-run marginal cost (SMC) equals the marginal income, and the equilibrium price and output are determined (MR). A corporation with reduced unit costs will only be making regular profits because short-term expenses vary. If it can only pay the average variable cost, it incurs losses.

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The number 5 is in both the domain and the range of the function A(n).3243565A(n)A. TrueB. False What information does the map show? how did the status of priests affect the daily lives of people in this social class? Question 4 of 10Which statement best describes how scientists and engineers work togetherin the research and development cycle?OA. Scientists develop a theory, and then engineers performexperiments to verify its accuracy.B. Engineers do experiments to answer questions about nature, andthen scientists use the results to create a new technology.OC. Scientists make designs based on engineering knowledge andthen make it available for public use.D. Engineers develop a new technology, and then scientists use it tomake a new discovery. This agency preserves and promotes public confidence in the U.S. Financial system by insuring deposits in banks and thrift institutions for at least $250,000. The present value of a series of cash flows is the amount you would need today to exactly duplicate those future cash flows. True or false?. the inductance of a closely packed coil of 400 turns is 8.0 mh. calculate the magnetic flux through the coil when the current is 5.0 ma. Write the balanced equation for each of the following changes and identify whether heat is a product or needed to start the reaction (do not include 'heat' in your balanced equation, simply identify whether it is a product or reactant): (a) the sublimation of dry ice [conversion of CO2(s) directly to CO2(g)] Heat is a product and is given off by the reaction. Heat is a reactant and is needed to start the reaction. (b) the reaction of 1 mol of sulfur dioxide with oxygen. Heat is a reactant and is needed to start the reaction. Heat is a product and is given off by the reaction. Dilate (9, 9) using a scale factor of 1/3 Can someone please help, ty!! (Will mark brainliest) How many grams Mn2O3 would beproduced from the complete reactionof 46. 8 g of MnO2?Zn +2MnO + HO Zn(OH)2 + MnO3MnO: 86. 94 g/mol [?] g MnO3MnO3: 157. 88 g/mol In the philosophy of Confucianism, Confucius stressedrespect for elders and ancestors. This was known as The diagonal of a rectangular field is 169m. If the ratio of the length to the width is 12:5 find () the dimensions () perimeter of the field Where does TG and Fatty acid synthesis occur in the cell? republican motherhood encouraged: group of answer choices greater educational opportunities for women. a radical change in the patriarchal structure of the family. women to become public speakers for various social causes in the 1780s. widespread resentment among women. Use the Gauss-Jordan method to solve the following system of equations7x- 6y=5 21x- 18y = 15Select the correct choice below and, if necessary, fill in the answer box to complete your choice.OA. The solution is (Type an ordered pair. Simplify your answer.)OB. There are infinitely many solutions. The solution is y), where y is any real number. (Simplify your answer. Use integers or fractions for any numbers in the expression)OC. There is no solution. PLEASE HELP ILL MARK BRAINEST!! 40 POINTS!!1. What is the chemical reaction shown above? What kind of reaction is this?2. What is the difference between the two different reactions shown in the chart above? What can you determine about the role a catalyst plays in a reaction?3. This chart above compares the reaction rate of a naturally occurring chemical reaction vs. the same reaction when an enzyme is involved. a. Compare the differences between the two reactions, but also note what they have in common.b. Explain the role the enzyme plays in the second reactionc. Explain what the three bumps in the second reaction means and why the original reaction only has one bump. For the following reaction indicate which reactant is the lewis acid and which is the lewis baseAl^3+ + 6H2O Al(OH)3 + 3H3O^+a. Al^3+ is the lewis acidb. Al^3+ is the lewis basec. H2O is the lewis acidd. H2O is the lewis basee. This not a lewis acid-base reaction use the hubble's law to determine the distance to a quasar receding at 75% the speed of light. The speed of light is 300,000 km/sec. assume Hubble's constant is YALL HELP!!! YALL HELP!!! YALL HELP!!! YALL HELP!!! YALL HELP!!!