BUSINESS COLLEGE

Depreciation by Three Methods; Partial YearsPerdue Company purchased equipment on April 1 for $43,470. The equipment was expected to have a useful life of three years, or 6,480 operating hours, and a residual value of $1,350. The equipment was used for 1,200 hours during Year 1, 2,300 hours in Year 2, 1,900 hours in Year 3, and 1,080 hours in Year 4.
Required:
Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by (a) the straight-line method, (b) units-of-output method, and (c) the double-declining-balance method.
Note: FOR DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then round the answer for each year to the nearest whole dollar.

Answers

Answer 1
Answer:

Answer:

a. Straight-line method.  

Year         Depreciation expense ($)

  1                           10,530

  2                          14,040

  3                          14,040

  4                            3,510

b. Units-of-production method.  

Year           Depreciation expense ($)

 1                               7,800

 2                             14,950

 3                             12,350

 4                              7,020

c. Double-declining balance method

Year   Depreciation expense ($)

  1                              21,735

 2                              14,490

 3                               4,830

 4                               1,065

Explanation:

(a) the straight-line method

Note: See part a of the attached excel file for the depreciation schedule for Straight-line method.

In the attached excel file, the depreciation rate used for the Straight-line method is calculated as follows:

Straight line depreciation rate = 1 / Estimated useful life = 1 / 3 = 0.3333, or 33.33%

(b) units-of-output method

Note: See part b of the attached excel file for the depreciation schedule for units-of-production method.

(c) the double-declining-balance method.

Note: See part c of the attached excel file for the depreciation schedule for double-declining-balance method.

In the attached excel file, the depreciation rate used for the Double- declining-balance method is calculated as follows:

Double-declining depreciation rate = Straight line depreciation rate * 2 = (1/3) * 2 = 0.666667, or 66.6667%

Note:

Under this double-declining-balance method, the depreciation expenses for Year 4 is calculated by deducting the residual value of $1,350 from the Year 4 Beginning depreciable amount (i.e. $2,415 - $1,350 = $1,065). The residual value of $1,350 therefore represents the book value at the end of Year 4.

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Amy sets herself a goal and says. "I'd like to lose 10 pounds." Which of the following criteria of the SMART system is missing in Amy's goal?a. Specificity
b. time frame
c. measurability
d. realism

Answers

Answer:

Letter b is correct. Time frame.

Explanation:

The SMART system is defined as an aid tool for achieving goals. It is a tool that can be used both by an individual and in corporations.

In order to achieve a goal, it is necessary to have the ideal planning of the set of actions that will contribute to the achievement.

Therefore, each letter of the word SMART corresponds to a meaning relevant to the effective implementation and achievement of a goal

S: specific. When drawing up a goal you must be direct and specific.

M: Measurable. To achieve goals, it is necessary to use a tangible indicator that assists the measurement.

A: Achievable. A goal must be planned according to the real possibility of being achieved.

R: Relevant. Goals must be relevant and create positive results for a person or organization.

T: Time. It is necessary to determine a time for the goal to be achieved.  In the question above, Amy lacked the planning for the deadline for achieving the goal, because without it there are great chances that the goal will not be taken seriously and not met.

Joseph is an unemployed yard landscaping worker who is trying to find employment as he last had work seven months ago. He is now at a point where he will take any wage even if low to get money to pay the bills. He talks to businesses and landscaping companies on a daily basis but none are hiring due to an ongoing recession. How would you describe his experience with the correct economic term?

Answers

Answer:

Cyclical Unemployment

Explanation:

Cyclical Unemployment occurs due to irregularities surrounding an economy and these said cycles eventually brings about recession and thus, a good number of willing workers would not be able to get jobs due to this fact. What Joseph is experiencing is called Cyclical unemployment.

Inventing a new soft drink - what would be the input - the conversion, and the output?

Answers

 

The invention of a new soft drink, the input, conversion, and output would be:

  • Input: Knowledge, raw material, and capital, which are required to make a product.
  • Conversion: It is the process of transforming input into the output.
  • Output: It is the result of the product.

Further explanation:

Inventing a new soft drink:

  • Soft drinks are popular beverages made for consumption purposes. Soft drinks are made from the dry and the fresh ingredients and mixing it with the water.
  • Inventing a new product, one should make the product unique from the existing product, new features or flavors should be added to them. The producer should try to make that product which is in demand. A unique product should be made so as to compete in the market.
  • Marketing and promotion should be kept in mind while selling the product.
  • Feedback should be taken from the consumers after selling.

Thus, the input for inventing a new soft drink would be the raw material, knowledge, and capital required to make the product that is a soft drink, the conversion is the process of making input into output, and output is the result of the product.

Learn more:

1. Gross national product:

brainly.com/question/11084585

2. Demand forthe product:

brainly.com/question/2488917

3. Productivity:

brainly.com/question/5045672

Answer details:

Grade: Middle School

Subject: Business

Chapter: Production

Keywords:Inventing a new soft drink, what would be the input, the conversion, and the output, feedback, market, raw material, marketing, promotion, knowledge, dry, fresh, after selling, a unique product should be made so as to compete, the market.

Inventing a new soft drink  -what would be the input - the conversion, and the output?

The input would be the taste/flavor of the new soft drink. When inventing something new, you need to figure out something that will give it a distinct difference over competition. After you have established what you want it to taste like, you need to make the receipe and try it to make sure you like it and can replicated it for consumers. Once the drink has been made for test tasting, having people try the drink will establish whether or not they want to purchase the drink. Once the entire drink has been through the processes of test tasting, if there is good feedback it's time to put the product on the the self as the output.

in which order would the expectancy theory place the following events? a) outcome valence, performance, effort b) performance, effort, outcome valence c) effort, outcome valence, performance d) performance, outcome valence, effort e) effort, performance, outcome valence

Answers

Answer: e. effort, performance, outcome valence

Explanation:

The expectancy theory analyses and explains the reason why people behave the way they do. The expectancy theory explains that individual behave the way they do because they believe their efforts which they put into a particular activity will bring about an outcome.

The first thing that comes first is the effort which one puts into an activity, after then is the performance and lastly the outcome.

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Answers

Answer:

$56,984

Explanation:

We can find the Annuity value by using the annuity formula which is as under:

Future Value = Annuity Value * Annuity Factor

Here

Future Value given is $1,000,000

Annuity Factor at 12% for 10 year bond = [1 - (1 + 12%)^10] / 12%  = 17.548735

By putting values in the formula given above, we have:

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Annuity Value = $56,984

The Sherman Anti-Trust Act does not prohibit: Group of answer choices a manufacturer from having a natural monopoly over its own product a seller to dominate a market because of superior product or business a manufacturer to sell only through a particular distributor all of the above

Answers

Answer: All of the above

Explanation:

The Sherman Antitrust Act outlawed trusts. These are the groups of businesses that fine together to form a monopoly so that they can dictate price.

The purpose of the Act's was firctgr promotion of economic fairness and competitiveness. The Sherman Anti-Trust Act does not prohibit a manufacturer from having a natural monopoly over its own product.

Also, it doesn't prohibit a seller to dominate a market because of superior product or business a manufacturer to sell only through a particular distributor.

Therefore, the correct option is "All of the above".
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