Business, 16.11.2019 05:31 sherlock19

Anew barcode reading device has an installed cost basis of $20 comma 060 and an estimated service life of seven years. it will have a zero salvage value at that time. the 200% declining balance method is used to depreciate this asset. a. what will the depreciation charge be in year seven? b. what is the book value at the end of year six? c. what is the gain (or loss) on the disposal of the device if it is sold for $500 after six years?

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 16:10, ridzrana02

Belstone, inc. is a merchandiser of stone ornaments. it sold 15,000 units during the year. the company has provided the following information: sales revenue $ 520,000 purchases (excluding freight in) 338,500 selling and administrative expenses 32,000 freight in 15,000 beginning merchandise inventory 43,000 ending merchandise inventory 58,500 how much is the gross profit for the year?

Answers: 3

continue

Business, 21.06.2019 17:10, LolaSalem

Diggity dank corporation uses an activity-based costing system with two activity cost pools. diggity dank uses direct labor hours as the measure of activity in the first activity cost pool and the number of orders in the second activity cost pool. the following information relates to these two activity cost pools for last year: what was diggity dank's under- or overapplied overhead for last year? a. $17,000 overapplied b. $20,000 underapplied c. $27,000 underapplied d. $73,000 overapplied

Answers: 1

continue

Business, 22.06.2019 09:50, anonymous777739

Beck company had the following accounts and balances at the end of the year. what is net income or net loss for the year? cash $ 74 comma 000 accounts payable $12,000 common stock $21,000 dividends $12,000 operating expenses $ 13 comma 000 accounts receivable $ 49 comma 000 inventory $ 47 comma 000 longminusterm notes payable $33,000 revenues $ 91 comma 000 salaries payable $ 30 comma 000

Answers: 1

continue

Business, 22.06.2019 14:00, ujusdied5176

Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.

Answers: 1

continue

You know the right answer?

Anew barcode reading device has an installed cost basis of $20 comma 060 and an estimated service li...