Conroy Company purchased a machine at a cost of $90,000. The machine is
expected to have a $5,000 salvage value at the end of its 5-year useful life.
Instructions:
Compute annual depreciation for the first and second years using the
(a) straight-line method.
(b) double-declining-balance method.

Answers

Answer 1

(a) To calculate annual depreciation using the straight-line method, we need to determine the depreciable base. The depreciable base is the cost of the machine minus the salvage value, which in this case is $90,000 - $5,000 = $85,000. The annual depreciation is then the depreciable base divided by the useful life, so $85,000 / 5 years = $17,000 per year.

(b) To calculate annual depreciation using the double-declining-balance method, we need to determine the depreciation rate. The depreciation rate is calculated as 1 divided by the useful life, which in this case is 1 / 5 = 0.2 or 20%. The double-declining-balance method applies the depreciation rate to the beginning book value each year. For the first year, the depreciation expense would be $90,000 * 0.2 = $18,000. For the second year, we apply the same rate to the remaining book value after the first year, which is $90,000 - $18,000 = $72,000. Thus, the depreciation expense for the second year would be $72,000 * 0.2 = $14,400.

Please note that these calculations are based on the given information and the assumption that depreciation is calculated on an annual basis.

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Related Questions

ted paulson needed money to pay for unexpected medical bills. to obtain $12,500, he decided to sell some of his shares in the ridgemoor capital appreciation fund. when he called the investment company, he was told that the following fees would be charged to sell his b shares:

Answers

Ted Paulson needs to obtain $12,000 by: selling some of his B shares in the Ridgemoor Capital Appreciation Fund.

He has owned the fund for 21 months and there are different withdrawal fees based on the number of years he has held the shares.

Step 1: Determine the withdrawal fee percentage


Since Ted has held the shares for 21 months (which is less than 2 years or 24 months), he falls under the second year withdrawal fee category. In this case, the withdrawal fee is 4 percent.

Step 2: Calculate the contingent deferred sales load


To find the contingent deferred sales load, we'll multiply the amount Ted is withdrawing ($12,000) by the withdrawal fee percentage (4 percent).
Contingent deferred sales load = $12,000 * (4/100)

Step 3: Compute the result
Contingent deferred sales load = $12,000 * 0.04 = $480

So, the amount of the contingent deferred sales load for Ted's withdrawal of $12,000 to pay for his medical bills is $480.

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Complete question:

Ted Paulson needed money to pay for unexpected medical bills. To obtain $12,000, he decided to sell some of his shares in the Ridgemoor Capital Appreciation Fund. When he called the investment company, he was told that the following fees would be charged to sell his B shares:

Ridgemoor Capital Appreciation Fund Fees

First year 5 percent withdrawal fee

Second year 4 percent withdrawal fee

Third year 3 percent withdrawal fee

Fourth year 2 percent withdrawal fee

Fifth year 1 percent withdrawal fee

If he has owned the fund for 21 months and withdraws $12,000 to pay medical bills, what is the amount of the contingent deferred sales load?

The impact of Furman v. Georgia (1972) was that states had to

promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.

Answers

Answer:  D.create clear standards to be applied fairly before imposing the death penalty.

Explanation: The answer it's right there

The impact of  Furman v. Georgia (1972) was that states had to

create clear standards to be applied fairly before imposing the death penalty.

The Furman v. Georgia case

This was a case that had to do with the cruel and the unusual way that people faced in the death penalty.

The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.

It ruled that the eight amendment was being violated if used in this way.

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A given end item, Gamma, has MPS start quantities as follows:
150 units in week 3
150 units in week 5
This item’s indented bill of materials is as follows:
Gamma
A (2)
B (4)
C (2)
For A, there are currently 150 units on-hand. Lead time is 1 week, and the order policy is to order in whole multiples of 150 units. There are no scheduled receipts. There are no safety stock requirements.
For B, there are currently 0 units on-hand. Lead time is 2 weeks, and the order policy is to order in whole multiples of 1,000 units. There is a scheduled receipt of 1,000 units in Week 2. There are no safety stock requirements.
For C, there are currently 1,000 units on-hand. Lead time is 3 weeks, and the order policy is to order in whole multiples of 1,000 units. There is a scheduled receipt of 1,000 units in Week 1. There are no safety stock requirements.
1. When are planned releases for A needed?
A.Week 1
B.Week 2
C.Week 3
D.Week 4
E.Week 5

Answers

The planned release for A is needed in (B) Week 2.

To determine when planned releases for A are needed, we need to calculate the net requirements for A based on the given start quantities and bill of materials.

Week 3 MPS start quantity for Gamma = 150 units
Net requirement for A = 2 * 150 units = 300 units
Since there are currently 150 units on-hand, a planned release for A is not needed in Week 3.

Week 5 MPS start quantity for Gamma = 150 units
Net requirement for A = 2 * 150 units = 300 units
Since there are currently 150 units on-hand, a planned release for A is not needed in Week 5.

Therefore, we need to look at the lead time and order policy for A to determine when a planned release is needed. The lead time for A is 1 week, so we need to order A at least 1 week before we need it.

The order policy is to order in whole multiples of 150 units.

Since we need 300 units of A and we can only order in multiples of 150 units, we need to order 2 * 150 = 300 units of A.

The next available week to place an order for A is Week 1, since there are no scheduled receipts for A and the lead time is 1 week. Therefore, we need to place an order for 300 units of A in Week 1 to receive it in Week 2.

Therefore, the answer is B) Week 2.

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HELPPPP!!!! WILLL GIVE BRAINLEST!!!


It allows you to rent a car while yours is being repaired. a. auto replacement c. personal damage liability b. comprehensive physical damage d. rental reimbursement

Answers

Answer:

I'm pretty sure the answer is d

Explanation:

Alternatively, you may pay out-of-pocket for your rental then seek reimbursement from the other insurance company once it completes its investigation.

Answer:

D

Explanation:

At an open house a listing broker greets a customer. The broker can do all of the following EXCEPT
A) Answer general, publicly advertised questions about the property
B) Be truthful when asked about property defects
C) Negotiate sale terms with the customer
D) Allow them to walk around the property

Answers

At an open house, a listing broker greets a customer. The broker can do all of the following EXCEPT negotiate sale terms with the customer. The correct option is C.

A listing broker at an open house can answer general, publicly advertised questions about the property (option A), be truthful when asked about property defects (option B), and allow potential customers to walk around the property (option D). However, negotiating sale terms with the customer is typically the responsibility of the buyer's agent or the seller's agent, rather than the listing broker. The listing broker's main role is to market the property, provide information, and facilitate potential buyers' viewing of the property.

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In terms of SUPPLY, what factors have contributed to the fall in oil prices?

Answers

Current supply and output. Until recent years, Organization of Petroleum Exporting Countries (OPEC) often set supply through a quota system.

Select all of the benefits to buying a home.

Select all of the benefits to buying a home.

Answers

Answer:

The value of the home generally increases over time

The quality of your home increases

Once the mortgage is paid in full you own the home

You can make improvements in the place

What is the purpose of a warranty?
A. to protect manufacturers from consumers
B. to refund your money if you are dissatisfied with a purchase
C. to repair or replace a defective purchase or item
D. to make businesses follow laws

Answers

C. Hope this helps!

The correct option is C. The purpose of a warranty is to repair or replace a defective purchase or item. A warranty is the written assurance of a product's or service's quality as given to a consumer by the manufacturer or service provider. Insofar as the warranty's provisions stipulate, warranties offer clients legally guaranteed service replacement or issue a correction for the period of the warranty.

What is the difference between a guarantee and a warranty?

The primary distinction between a guarantee and a warranty is that the former is normally cost-free while the latter typically charges a fee for the coverage. The beautiful thing about a guarantee is that it strengthens your legal rights under consumer law and is legally enforceable.

A warranty is a seller's promise that they will fix or replace defective goods within a set period. A guarantee is a seller's assurance that a product will satisfy particular performance or quality requirements. If not, a repair or replacement will be made.

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a scrum team consists of the following a. project manager b. program manager c. product owner d. product manager

Answers

The following individuals make up a Scrum Team: developers, product owners, and scrum masters.

Who makes up the scrum team?

The Scrum master, the product owner, and members of the development team make up a Scrum team. Many people like the Scrum project management process. A Scrum Team is a group of people who collaborate to deliver the committed and desired product increments. All work that is completed for the customer inside the Scrum Framework is done by dedicated Scrum A Scrum Team needs everyone on the team for it to function successfully. Actually, a rugby scrum served as its inspiration. In order to work together to advance the ball, the rugby team forms what is known as a scrum.

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The period of a civil trial where the two litigants attempt to gather information to bolster their cases is called the _____. a. investigation b. discovery c. pleadings d. evidentiary please select the best answer from the choices provided a b c d

Answers

The period of a civil trial where the two litigants attempt to gather information to bolster their cases is called the investigation. Option A is correct.

This information gathering process involves various methods such as requesting documents, interviewing witnesses, and issuing subpoenas to obtain evidence.The discovery phase is an essential part of any civil trial as it allows both parties to gain a better understanding of the strengths and weaknesses of their cases. This information can help them to prepare for trial, negotiate settlements, or make informed decisions about whether to proceed with the case.
During the discovery phase, litigants are required to disclose all relevant information, including evidence that supports their case or undermines the other party's case. Failure to provide this information could result in sanctions or other penalties. The discovery process is also subject to various rules and procedures set out in the Federal Rules of Civil Procedure, which govern civil litigation in the United States.
In conclusion, the period of a civil trial where the parties attempt to gather information to bolster their cases is called the discovery phase. This is a critical stage of the litigation process, as it allows both parties to gather evidence, evaluate their case, and prepare for trial. Therefore option A is correct.

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discuss and record what global warming is and what greenhouse gases are. How does this connect to our research topic?​

Answers

Answer:

Global warming describes the current rise in the average temperature of Earth’s air and oceans. Global warming is often described as the most recent example of climate change.

Greenhouse gases, such as carbon dioxide, methane, nitrous oxide, and certain synthetic chemicals, trap some of the Earth's outgoing energy, thus retaining heat in the atmosphere. This heat trapping causes changes in the radiative balance of the Earth—the balance between energy received from the sun and emitted from Earth—that alter climate and weather patterns at global and regional scales.

So I am not sure what is your topic about but this is the definition of global warming and greenhouse gases

what is your Opinion on DeShaney v. winnebago county social services

what is your Opinion on DeShaney v. winnebago county social services

Answers

DeShaney v. Winnebago County Social Services, which was a significant case in US constitutional law.

In this case, the Supreme Court ruled that the Due Process Clause of the Fourteenth Amendment did not impose an affirmative duty on the state to protect citizens from harm caused by private actors.

This decision meant that Joshua DeShaney, who was abused by his father despite previous reports to child protection services, could not sue Winnebago County Social Services for their failure to protect him.

Overall, the case remains an important precedent in US constitutional law and has had a significant impact on the way courts interpret the Due Process Clause of the Fourteenth Amendment.

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sabrina company recorded an adjusting entry for salaries owed to employees at the end of the year. as a result of this entry, sabrina company's: (select all that apply.)multiple select question.

Answers

Sabrina Company recorded an adjusting entry for salaries owed to employees at the end of the year. As a result of this entry, Sabrina Company's equity decreases and liabilities increase.

What is equity?

Equity in finance refers to ownership of assets that may be accompanied with debts or other liabilities. Liabilities are subtracted from asset value to calculate equity for accounting reasons.

What is liabilities?

A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.

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for which person would renting a home be a better option than getting a mortgage?

Answers

Answer:

Someone who wants ro avoid spending time and money on maintenace

Explanation:

Controling does not require any process comment

Answers

what’s the question?

What Came first, the color orange or the fruit?

Answers

The citrus definitely got named first. The earliest recorded use of orange the fruit in English is from the 1300s and came to us from the Old French orenge, adapted from the Arabic nāranj, from the Persian nārang, from the Sanskrit nāranga (“orange tree”)

Answer:

the fruit

Explanation:

The citrus definitely got named first. The earliest recorded use of orange the fruit in English is from the 1300s

In general, a steeper supply curve is more likely to be:________

Answers

In general, a steeper supply curve indicates that the quantity supplied of a good or service is less responsive to changes in price.

A steeper supply curve indicates that the quantity supplied of a good or service is less responsive to changes in price, which means that a producer is less willing or able to increase the quantity supplied when the price of the good or service increases. Therefore, a steeper supply curve is more likely to be associated with a situation where the producer has limited capacity or resources to produce more units of the good or service, or where it is difficult or costly to increase production. Conversely, a flatter supply curve indicates that the quantity supplied of a good or service is more responsive to changes in price, which means that a producer is more willing or able to increase the quantity supplied when the price of the good or service increases.

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Joe can read 7 page of hi book in 5 minute. At thi rate, how long will it take him to read the entire 275-page book?

Answers

Joe will need about 196.43 minutes minutes to read the entire 275-page book.

We can use the formula rate = distance/time to calculate this. The distance is the number of pages in this case, and the time is the amount of time it takes to read those pages.

We know Joe can read 7 pages in 5 minutes, so we can use these values to calculate how long it will take him to read 275 pages: rate = 275 pages / time.

We get time = 275 pages / 7 pages per 5 minutes when we solve for time.

275/7=39.286

pages per 5 minutes= 39.286 *5=196.43 minutes

Converting the time from minutes to hours, we get that it will take Joe

1 hour = 60 minutes

= 196.43/60

=3 hours 16 minutes

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Medicare is a government program funded by tax dollars to:
A-provide health insurance to children in a recount
B-provide health insurance to working adults
C-provide hospital insurance for those over 65

Answers

Medicare is provided to give health insurance to working adults the answer is B

Answer: C

Explanation: Trust me

target audience → the group of people at whom advertisements are aimed

True

False

Answers

True is the answer I did it before

if suta taxes are paid on a timely basis, and the employer is not located in a state that has defaulted on its title xii advances, the maximum amount of futa an employer will pay per employee each year is

Answers

The maximum amount of FUTA tax an employer will pay per employee each year is 0.6% of the first $7,000 in wages, which amounts to $42 per employee.

The Federal Unemployment Tax Act (FUTA) sets a maximum tax rate and wage base that employers need to pay for each employee. As of my knowledge cutoff in September 2021, the FUTA tax rate is 6% of the first $7,000 in wages paid to each employee per year. However, employers who pay their state unemployment taxes (SUTA taxes) on time and are not located in a state that has defaulted on its Title XII advances may qualify for a FUTA tax credit of up to 5.4%. This credit reduces the effective FUTA tax rate to 0.6% (6% - 5.4%).

Therefore, if all conditions are met (timely payment of SUTA taxes and no Title XII advances default), the maximum amount of FUTA tax an employer will pay per employee each year is 0.6% of the first $7,000 in wages, which amounts to $42 per employee. It's important to note that tax rates and wage bases can change over time, so it's recommended to consult the most recent tax regulations or consult with a tax professional for up-to-date information.

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A loan of R100 000, granted at 8% p.a. compounded monthly is to be repaid by regular equal monthly payments over a period of five years, starting one month after the granting of the loan.
The interest portion of the 23rd payment is equal to:

Answers

The interest portion of the 23rd payment would be approximately R2,042.38.

To calculate the interest portion of the 23rd payment, we can use the formula for calculating equal monthly payments on a loan.

Given that the loan amount is R100,000, the interest rate is 8% p.a. compounded monthly, and the loan is to be repaid over a period of five years (60 months), we can use the formula:

P = (r * PV) / (1 - (1 + r)^(-n))

Where:
P = monthly payment
r = monthly interest rate
PV = present value of the loan
n = total number of payments

First, we need to calculate the monthly interest rate:
r = (8% / 100) / 12 = 0.00667

Next, we calculate the monthly payment:
P = (0.00667 * 100,000) / (1 - (1 + 0.00667)^(-60))
P ≈ R2,042.38

Since the loan is repaid over 60 months, we can assume that each monthly payment is the same. Therefore, the interest portion of the 23rd payment would be the same as the interest portion of any other payment.

Hence, the interest portion of the 23rd payment would be approximately R2,042.38.

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At what age can you start working?

Answers

Answer:

Explanation:

depends on where you live

Explanation:

It really depends on the jobs and requirements but you can USUALLY do small work like walking a dog or babysitting at 13-14

boxer company issued common stock for proceeds of 124,000 during 2005. the company paid dividends of 22,000 and issued a long-term note payable for 30,000 in exchange for equipment during the year. the company also sold treasury stock that had a cost of 5,000 for 7,000. the financing section of the statement of cash flows will report...

Answers

The financing section of the statement of cash flows will report the following activities based on the given information:

Issuance of common stock: Boxer Company issued common stock for proceeds of $124,000 during 2005. This transaction represents a source of cash, so it will be reported as a positive amount in the financing section.

Payment of dividends: The company paid dividends of $22,000 during the year. Dividends represent cash outflows to shareholders and will be reported as a negative amount in the financing section.

Issuance of long-term note payable: Boxer Company issued a long-term note payable for $30,000 in exchange for equipment. This transaction represents a source of cash, and it will be reported as a positive amount in the financing section.

Sale of treasury stock: The company sold treasury stock that had a cost of $5,000 for $7,000. This transaction represents a source of cash, so it will be reported as a positive amount in the financing section.

To summarize, the financing section of the statement of cash flows will report:

Positive amount for the issuance of common stock ($124,000)

Negative amount for the payment of dividends ($22,000)

Positive amount for the issuance of a long-term note payable ($30,000)

Positive amount for the sale of treasury stock ($7,000)

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All of the following changes will shift the investment demand curve to the right EXCEPT (A) a decrease in the corporate income tax rate (B) an increase in the productivity of new capital goods (C) an increase in the real interest rate (D) an increase in corporate profits (E) an increase in real gross domestic product

Answers

The investment demand curve would move to the left rather than to the right as a result of a rise in the real interest rate since it would make borrowing more expensive and lessen the incentive to invest. option C is correct.

What might cause a rightward shift in the investment demand curve?

The investment demand curve shifts to the right as expectations change in a way that raises the expected return on investment. Similar to this, the investment demand curve is shifted to the left by anticipation of decreased profitability.

What causes a movement in the demand curve to the right or left?

Changes in factors like average income and preferences may cause the entire demand curve to move to the right or left. The quantity demanded at a particular price can therefore be more or lower.

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Mauro Products distributes a single product, a woven basket whose selling price is $15 per unit and whose variable expense is $12 per unit. The company's monthly fixed expense is $4,200 Required: 1. Calculate the company's break-even point in unit sales. 2 Calculate the company's break-even point in dollar sales 3. If the company's fixed expenses increase by $600, what would become the new break-even point in unit sales? In dollar sales? Answer is complete but not entirely correct. Break-even point in unit sales Break-even point in dollar sales 3. Break-even point in unit sales ,400baskets 2 S 21,000 Break-even point in dollar sales ,200 baskets 21.000

Answers

Break-even factor in gadgets = Fixed prices ÷ Contribution margin per unit. Your break-even point in devices will tell you exactly how many gadgets you want to promote to flip a profit.

If you are in a position to promote greater gadgets beyond this point, you may be making a profit.

What is the new break-even point?

The break-even point is the factor at which whole cost and whole revenue are equal, meaning there is no loss or reap for your small business. In different words, you've reached the degree of manufacturing at which the fees of production equals the revenues for a product.

The break-even point does now not alternate when income change. It stays the point at which income covers variable and constant expenses barring  any profit or loss.

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Click this link to view O*NET's Skills section for Actors.
Note that common skills are listed toward the top, and less common skills are listed toward the bottom. According to
O*NET, what are common skills needed by Actors? Select four options.
mathematics
speaking
social perceptiveness
active listening
reading comprehension
operation monitoring

Answers

Answer:

speaking, active listening, reading comprehension, social perceptiveness

Answer:

2 3 4 5

Explanation:

trust :D

Jermaine and Denise are the owners of a small company. They are moving to a new office space and need to decide on a layout that will work best for them and their 12 employees. Jermaine wants to have one big communal workspace for all employees, including Denise and himself; a conference room; a big break room; and two smaller rooms with doors where employees can go if they need to have a private telephone conversation with a client. Denise wants offices for Jermaine, herself, and their two department managers; cubicles for all other employees; a conference room; a meditation room; and a small break room. After talking, Denise and Jermaine each agree to make certain concessions in order to get what they want. Together, they agree that Denise and Jermaine will have offices, and the managers and other employees will share a communal workspace. They will also have a conference room, a meditation room, a large break room, and one room for private calls with clients. What conflict management strategy have Jermaine and Denise used?

Answers

Answer:

compromising strategy

Explanation:

Compromising strategy is the conflict management strategy have Jermaine and Denise used.

What is compromising strategy?

The "compromise" strategy aims to find a feasible solution that substantially, but not entirely, allayes the concerns of the parties involved. To purchase a car or home, end a divorce, or resolve labor contract issues, compromise is a common strategy.

When an agreement is reached and the parties part ways, the compromise process could enable both parties to feel secure in the knowledge that they have come up with a workable solution.

Compromise is defined as finding a middle ground or giving up some of your concerns while remaining dedicated to those of others. Striking a balance is the goal of this largely cooperative, fairly strong technique.

Thus, it is Compromising strategy.

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since october 2008, the federal reserve has paid interest on excess reserves held by banks. under these circumstances, if the fed buys treasury securities worth $100 million from a bank, how will the money supply be affected? assume that the required reserve ratio is 10% and that all currency is deposited into the banking system.

Answers

If the Fed buys $100 million worth of Treasury securities from a bank, the bank's excess reserves will increase by $100 million. Under the current policy, the Fed pays interest on these excess reserves, which gives banks an incentive to hold onto them instead of lending them out.

As a result, the money supply is unlikely to be affected by this transaction. However, if the bank did decide to lend out some of its excess reserves, the money supply would increase. Assuming a required reserve ratio of 10%, the bank would be required to hold $10 million in reserves and could potentially lend out the remaining $90 million. This increase in lending would increase the money supply by a multiple of the initial $100 million transaction, depending on the reserve ratio and the level of demand for loans in the economy.

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A football team receives $258,000 in sponsorship for equipment, and the administrative costs are expected to be $27,000. What are the costs as a percentage of sponsorship revenue?

Answers

Based on the calculation below, costs as a percentage of sponsorship revenue is 10.47%.

How to calculate costs as a percentage of revenue?

The costs as a percentage of sponsorship revenue can be calculated using the following formula:

Costs as a percentage of sponsorship revenue = (Expected administrative costs / Sponsorship revenue) * 100 …………………………….. (1)

Substitute the relevant values into equation (1), we have:

Costs as a percentage of sponsorship revenue = ($27,000 / $258,000) * 100

Costs as a percentage of sponsorship revenue = 0.104651162790698 * 100

Costs as a percentage of sponsorship revenue = 10.47%

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