Answer:
The amount of depreciation expense recognized in Year 2= $7,800.
Explanation:
Determine the depreciation base
The depreciation base = Acquisition cost - Residual/Salvage value.
The depreciation base = 49,000 - 5,000
The depreciation base = $44,000.
Determining the depreciation rate
The depreciation rate = depreciation base / Useful life
The depreciation rate = 44,000/10
The depreciation rate = $ 4,400.
To determine depreciation % rate
Depreciation % rate = (The depreciation rate / depreciation base) × 100
Depreciation % rate = (4,400 / 44,000) × 100
Depreciation % rate = 10 %
But since Missouri Co. uses double declining balance method of depreciation, the correct depreciation % rate is 10 × 2 = 20%
Determining the depreciation expense for year 2
Year 2 depreciation expense is computed as follows:
(Acquisition cost - year 1 depreciation expense) × Depreciation % rate
Depreciation expense for year 2 is computed as:
Acquisition cost × Depreciation % rate = 49,000 × 20%
Year 1 depreciation expense = $9,800.
Therefore year 2 depreciation expense = (49,000 - 9,800.) × 20%
Therefore year 2 depreciation expense = $ 7,800.
The amount of depreciation expense recognized in Year 2 using the double declining-balance method is $8,820.
The amount of depreciation expense recognized in Year 2 can be calculated using the double declining-balance method. With a truck cost of $49,000, an expected useful life of 10 years, and a salvage value of $5,000, the yearly depreciation rate can be calculated as:
Depreciation rate = 2 / useful life
= 2 / 10
= 0.2 (or 20%)
In Year 2, the depreciation expense can be calculated as:
Depreciation expense = Previous year's book value x Depreciation rate
Book value at the start of Year 2 = Cost - Accumulated depreciation in Year 1 = $49,000 - Depreciation expense in Year 1
Let's assume that the depreciation expense in Year 1 was $4,900 (10% of the cost). Therefore, the book value at the start of Year 2 would be $49,000 - $4,900 = $44,100.
Then, the depreciation expense in Year 2 would be-
= $44,100 x 20%
= $8,820.
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three impulse goods that you or someone you know has purchased
b. temp work
c. temp-to-hire work
d. hidden job market
Temporary employment that can become permanent employment after a period of evaluation by the employer defines temp-to-hire work. Hence, option C is correct.
In a temp-to-hire arrangement, a corporation hires a worker for a predetermined amount of time with the potential to offer them a permanent position when that time has passed. Based on the worker's performance and fit with the company culture, the employer might give them a permanent position.
A staffing company might be hired to give a temp worker immediately with the intention of hiring them after a trial period or internship. While a temp employment is frequently temporary, a temp-to-hire position is usually permanent. Typically, the trial period lasts between 90 and 180 days.
A temporary to permanent position is one that has the possibility of developing into a long-term contract. Occasionally, a company will employ a temporary employee.
Thus, option C is correct.
For more information about temp-to-hire work, click here:
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Answer: Fair and Accurate Credit Transaction Act
Explanation:
From the question, we are informed that Mortgage loan originator Carol is in a hurry to leave on her vacation, and she leaves a customer's file that contains his Social Security number and bank account numbers on her desk.
Carol is violating the Fair and Accurate Credit Transaction Act. The Act was put in place to detect and also hinder Identity theft.
Answer:
The answer is 6
Explanation:
In her first roller coaster she gets a benefit of 10, Then in her second roller coaster she gets a benefit of 6. Thus, her total benefit is 16. Her marginal benefit of the second roller coaster is the total benefit after the second (16) minus the total benefit after the first (10).
Observation:
The statement is not clear about the second roller coaster, in the sense that is not clear if the second gives her a total utility of 6 (reducing the 10 of the first inf 4 units) or this 6 is a marginal utility/benefit. By the way you put it, I assume it is a marginal benefit of 6. If it is not, the correct answer should be -4, and Sue get a negative marginal benefit from her second roller coaster.
2.)A decrease in demand leads to a decrease in supply.
3.)An increase in price leads to a decrease in supply.
4.)A decrease in price leads to a decrease in supply.
5.)An increase in price leads to an increase in supply.
The true statements according to the Law of Supply are:
When there is an increase in prices, the Law of Supply shows that there will be an increase in supply because suppliers will want to make more profits.
If the prices decrease however, a situation arises where suppliers will reduce supply as the profit incentive is gone.
Find out more on the Law of Supply at brainly.com/question/3699486.
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