Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Fixed Asset Discussion: Identify a type of company in your pathway that might purchase fixed assets (see suggestions below). List 5 fixed assets that they
Fixed Asset Discussion:
- Identify a type of company in your pathway that might purchase fixed assets (see suggestions below).
- List 5 fixed assets that they might purchase to run their business.
- Select one depreciable fixed asset. Based on research suggest what the cost, residual value and estimated life might be for that fixed asset.
- Using your assumptions above, calculate:
- Straight-line depreciation and book value for each of the first two years
- Declining Balance depreciation and book value for each of the first two years
- Units of Production depreciation (make assumptions about the first two years use), and book value for each of the first two years.
- Suggest which depreciation method might be more appropriate and why.
Post your answer to the questions. Reply to at least two of your classmates' posts, commenting on the different types of fixed assets that are required for the type of business that they selected and the recommended depreciation method. Each reply must be at least 5 sentences long, detailed, and thorough.
Examples of sectors/industries in pathways could be:
- AHCD: Media, Dance, Theater, Film production, Graphics design or Architecture
- Business: Tourism/Leisure, Telecommunications, Retailers, Computers, Equipment, Food and Beverage Products, Real Estate, Technology Hardware, Toys, Commercial Services, Financial Services, any business is acceptable
- Education: Non-Profit Services, Public Agency, Child care, Charter schools, Universities
- Health Sciences: Health Care Services, Healthcare Products, Hospital, Household Products, Chemicals
- IMCT: Aviation, Construction, Construction Materials, Logistics, Automotive, Mining
- Public Safety: Equipment providers for the industry, Public Agency, Non-Profit Services
- STEM: Engineering, Computers. Chemicals, Energy, Energy Utilities, Technology Hardware
- SGSHS: Healthcare Services, Non-Profit Services, Media, Public Agency
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started