FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A machine with a cost of $53,000 has an estimated residual value of $4,868 and an estimated life of 5 years or 16,964 hours. What

image text in transcribed
A machine with a cost of $53,000 has an estimated residual value of $4,868 and an estimated life of 5 years or 16,964 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method? a. $10,600.00 b. 519.25280 c. 521200.00 d. 512720.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems Understanding Business Processes

Accounting Information Systems Understanding Business Processes

Authors: Brett Considine, Alison Parkes, Karin Olesen, Michael Lee, Derek Speer

3rd Edition

1742165559, 978-1742165554

More Books

Students also viewed these Accounting questions

Question

★★★★★
Which has the greater volume, 100.0 g of hydrogen gas (d = 0.0000899 g/cm3) or 25.0 g of argon gas (d = 0.00178 g/cm3)?

Answered: 1 week ago

Question

★★★★★
28 Thailand inducts naval draftees at three drafting centers. Then the draftees must each be sent to one of three naval bases for training. The cost of transporting a draftee from a drafting center...

Answered: 1 week ago

Question

★★★★★
2. When reading speed slows down, decide if the information in the passage is important. If it is, note the problem so you can reread or get help to understand. If it is not important, ignore it.

Answered: 1 week ago

Question

★★★★★
Refer to Problem 16-1. What additional funds would be needed if the companys year-end 2008 assets had been $4 million? Assume that all other numbers are the same. Why is this AFN different from the...

Answered: 1 week ago

Question

★★★★★
Last year, AndersonAnderson Co. recorded sales revenues of $ 2 comma 100 comma 000$2,100,000, variable costs of $ 1 comma 428 comma 000$1,428,000, and fixed costs of $ 520 comma 000$520,000....

Answered: 1 week ago

Question

★★★★★
1)Mek Teh has joined a a cult group called " straight path" The leader of straight path, Mat Begok, has enjoined that to go to heaven in the hereinafter each member must transfer all the worldly...

Answered: 1 week ago

Question

★★★★★
The probability of event "A" is 50%. The probability of event "B" is 20%. "A" and "B" are two independent events. What is the probability of observing "A" and "B"?

Answered: 1 week ago

Question

★★★★★
Some statements are not considered hearsay because these statements are not being offered to prove the truth of the matter asserted in the statements. Thus, you must always ask yourself what is being...

Answered: 1 week ago

Question

★★★★★
21. Data: S0 = 100; X = 110; 1 + r = 1.1. The two possibilities for ST are 150 and 80. Calculate the value of a call option on the stock with an exercise price of 110. (Do not use continuous...

Answered: 1 week ago

Question

★★★★★
Car expenses using logbook and expense data Rory derives business income from a retail cosmetics store. On 1 October 2023, Rory bought a Mercedes for $38,340. Its effective life is eight years. Rory...

Answered: 1 week ago

Question

★★★★★
An analyst for Bloom Ltd, gathered the following information with regards to futures contract: Current spot-market price of R60 Risk-free interest rate of 8.87% per annum The six-month future...

Answered: 1 week ago

Question

★★★★★
AmericanRhetoric.com provides an online bank of speeches. You access this resource by clicking on WebLink 13.3.

Answered: 1 week ago

Question

★★★★★
Embrace the challenge advanced in this chapter by taking an active role in responding to mass communication. Write a letter to the editor of a local paper, or write to a manufacturer to support or...

Answered: 1 week ago

Question

★★★★★
Robert McChesney. (1999). Rich media, poor democracy: Communication politics in dubious times. Urbana: University of Illinois Press. This book makes a convincing argument that the concentration of...

Answered: 1 week ago

Previous Question Next Question