A boiler was purchased in 2015 for P12880433 with an expectedlife of 13 years. If its salvage value is expected to be zero, whatis the depreciation charge in the 5th year using the SYDmethod?
Answers
The depreciation charge in the 5th year using the SYD method is P1,274,020.67.
To calculate the depreciation charge in the 5th year using the SYD method, we need to first determine the total depreciation expense over the 13-year life of the boiler.
Using the SYD method, we can calculate the depreciation expense as follows:
Step 1: Determine the total number of years of useful life
The boiler has an expected life of 13 years.
Step 2: Calculate the sum of the years' digits
To calculate the sum of the years' digits, we add up the digits from 1 to 13:
1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12 + 13 = 91
Step 3: Determine the depreciation rate for each year
To determine the depreciation rate for each year, we divide the remaining years of useful life by the sum of the years' digits.
For the first year, the remaining useful life is 13 years, so the depreciation rate is:
13 / 91 = 0.143
For the second year, the remaining useful life is 12 years, so the depreciation rate is:
12 / 91 = 0.132
And so on, until we reach the last year:
For the 13th year, the remaining useful life is 1 year, so the depreciation rate is:
1 / 91 = 0.011
Step 4: Calculate the depreciation expense for each year
To calculate the depreciation expense for each year, we multiply the depreciation rate by the depreciable cost of the asset, which is the original cost minus the salvage value.
In this case, the salvage value is expected to be zero, so the depreciable cost is simply the original cost:
P12,880,433
So the depreciation expense for the 5th year would be:
Depreciation rate for 5th year = 9 / 91 = 0.099
Depreciation expense for 5th year = Depreciation rate for 5th year x Depreciable cost
Depreciation expense for 5th year = 0.099 x P12,880,433 = P1,274,020.67
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Related Questions
many transnational companies do not know how to cope with the mixed economic system in china.
Answers
Coping with a mixed economic system in China can be challenging for many transnational companies.
China's mixed economic system combines elements of both capitalism and socialism, which can create a complex business environment for foreign companies. While China has opened up its market to foreign investment, there are still regulations and policies that may limit or hinder business operations. Additionally, the government has a strong influence on many industries, and navigating the bureaucratic processes can be difficult. Cultural differences and language barriers can also add to the challenges. To cope with these issues, companies may need to seek guidance from local experts, build relationships with government officials, and adapt to the unique business practices and norms in China. It is important to do thorough research and due diligence before entering the market to fully understand the risks and opportunities.
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What is the difference between a job and a profession?
O A job is the work you do and a profession includes the environment you work is
O A job is the work you do and a profession includes your career field
O A job is your career field and a profession includes your work environment
O A job is the environment you work in and a profession includes the work you do
Answers
Answer:
O A job is the work you do and a profession includes your career field
Explanation:
Which persuasive appeal do you think is the most effective in advertising? Explain.
Answers
David Harbert recently started a business. During the first few days of operation, Mr. Harbert transferred cash from his personal account into a business account for a company he named Harbert Enterprises. Mr. Harbert’s brother, George, invested cash in Harbert Enterprises for which he received a 25% ownership interest in the company. Harbert Enterprises borrowed cash from First Federal Bank. Harbert Enterprises paid cash to purchase a building from City Properties, Inc. How many reporting entities are mentioned in this scenario
Answers
Answer:
5
Explanation:
A reporting entity is any entity in men or organizations that depends on the financial report produced by an organization for an understanding of the financial performances and position for the purpose of decision making. This can be investors and other stakeholders in the business.
In the scenario given , the relative parties that will rely of the financial report are
David Herbert as the Entrepreneur , Herbert Enterprises which prepare the report ,George , Herbert's brother an investor , First federal bank , a loan provider and City properties.
If a company paid $38,000 of its accounts payable in cash, what was the effect on the accounting equation? Multiple Choice Assets would decrease $38,000, liabilities would decrease $38,000, and equity would decrease $38,000. Assets would decrease $38,000, liabilities would decrease $38,000, and equity would increase $38,000. Assets would decrease $38,000, liabilities would decrease $38,000, and equity remains unchanged. There would be no effect on the accounts because the accounts are affected by the same amount. Assets would increase $38,000 and liabilities would decrease $38,000
Answers
The answer is Assets would decrease $38,000, liabilities would decrease $38,000, and equity remains unchanged.
In plain English, what is equity?In contrast to equality, the term "equity" denotes fairness and justice: While equality refers to giving everyone the same thing, equity entails realizing that we do not all start from the same place and that disparities must be acknowledged and corrected.
What do equity and example mean?Equity is the ownership of any asset once all liabilities related to the asset have been paid off. For instance, if you owe $10,000 on a car you own worth $25,000, you have $15,000 in equity in the asset. It is the worth or interest of the smallest class of investors in assets.
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to create strong partnering relationships, supply chain members must develop mutual trust, openly communicate, have common goals, recognize the benefits of interdependence, and
Answers
Supply chain members must build mutual trust, communicate openly, share common goals, recognize the benefits of interdependence, and be willing to invest in each other's success.
Through these competencies, partnering relationships will be stronger and more effective in achieving the organizational goals and targets of each member of the supply chain.
The supply chain network comprises:
ProducersSellersWarehousesTransport companiesDistribution centersRetailersIt is essential that the relationship between a company and its suppliers is integrated and that one member contributes to the other's success, as each step of the supply chain is related to another.
Therefore, as the supply chain is a cycle, each step will impact the activities of the next step, requiring the integration of members and maintaining the quality of the product cycle until reaching the end customer.
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Think about the sample you just read. Sort the details depending on whether they are suitable for a younger or older
audience.
defining "litter"
energy-saving goods to buy
statistics about pollution
start an environment club
scientific experts' views
fuel-efficient car facts
how to recycle
Details for a Younger Audience
interviews with kids
Details for an Older Audience
Answers
Facts about fuel-efficient vehicles, scientific theories, and suggestions for energy-saving items For a younger audience, creating an environment club, interviewing kids, recycling, and statistics are appropriate.
Why is it vital to consider the target audience's age?You can reach more people in a certain age group by using age demographics. A certain age group may share cultural experiences, values, or attitudes that might help you relate to your target audience. These concepts can be used to demonstrate how your good or service matches their requirements and way of life.
What are the four most important methods for determining a target audience?When launching a business, a product, or a service from your current firm, identifying your core target audience is essential.
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Answer:Details for younger- interviewing with kids, how to recycle, start an environment club, defining “litter”
Older Audience-scientific experts’ views, energy-saving goods to buy,statistics about pollution, fuel-efficient car facts.
Explanation: I took it on edge 2023
The net increase (decrease) in cash reported on the statement of cash flows should reconcile the beginning and ending cash balances reported in the comparative balance sheets. True False
Answers
Answer:
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Explanation:
Eeeeeereeeeereerreeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee33eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee3eeeeeeeeeeeeeeeeeeeeeee3eeee
Which of the following is not an example of a liability?
A. A home you own
B. An apartment you rent
C. Student Loans
D. Your phone bill
Answers
Answer:
B
Explanation:
You are renting so you are temporarily living there, unlike a home owner. They own the home meaning they are responsible for the upkeep. Renters that responsability falls upon the land lord.
The option that is not an example of a liability is an apartment that you rent.
What is a liability?
A liability can be described as something that one is responsible for.
The reason why the rented apartment is not a liability is the fact that it is rented. That is you are not in charge of the place.
The maintenance and others lies in the hands of the owner and not in your hands because you do not own the place.
The student loan and phone bill are all expenses that you are responsible for. They are liabilities.
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Two benefits of self employment
Answers
Self-employment provides strong earning potential as people have more control over their own progression. Going hand-in-hand with the flexible lifestyle, individuals who work for themselves can go over and above to work long hours on some days, network, and reap the benefits of their hard work.
Can someone pls help me with this? I'll give Brainliest :]
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Answers
Answer:
sure but how can i help
Explanation:
How much would $20,000 due in 50 years be worth today if the discount rate were 7.5%?a. $438.03b. $461.08c. $485.35d. $510.89e. $537.78
Answers
Answer:
The present value is $537.78
Explanation:
Given
\(Future\ Value\ (FV) = \$20,000\\Time (T) = 50\ Years\\Discount\ Rate\ (R)= 7.5\%\)
Required
The Present Value(I)
To calculate the present value, we simply apply the formula for future value;
\(FV = I *(1 + R)^T\)
Substitute 20,000 for FV; 50 for T and 7.5% for R;
This gives
\(20,000 = I *(1 + 7.5\%)^{50}\)
Convert percent to decimal
\(20,000 = I *(1 + 0.075)^{50}\)
\(20,000 = I *(1.075)^{50}\)
\(20,000 = I *37.19\)
Divide both sides by 37.19
\(\frac{20,000}{37.19} = \frac{I *37.19}{37.19}\)
\(\frac{20,000}{37.19} = I\)
\(537.778 = I\)
\(I = 547.78\ (Approximated)\)
Hence, the present value is $537.78
Which general statement about economic behaviour is shown on this table?
A. Quantity demanded decreases as a good price increases.
B. Price has a positive effect on quantity demanded.
C. Price and quantity demanded are equal only at the lowest price.
D. The quantity demanded is proportional to the price.
Answers
The general statement about economic behavior that is shown on this table is Quantity demanded decreases as a good price increases. Thus, option A is the correct answer.
What is economic behavior?Behavioral economics investigates the effects of psychological, cognitive, emotional, cultural, and social factors on individual or institutional decisions, including how those decisions differ from those implied by classical economic theory.
As per the law of demand, the quantity demanded decreases as the price of the good increases. This is due to the fact that at a higher price, consumers will demand a lower quantity of a good.
Therefore the statement in option A is the general statement about economic behavior which is shown in the table.
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how do contact list differ from an address book
Answers
Answer:
they don't really differ, a contact list is justa digital adress book
Explanation:
Organizing and archiving of all project deliverables and documentation occurs during _____ . Group of answer choices Project Evaluation Closing the Project Project Sponsor Acceptance Final Project Report Final Meeting and Presentation
Answers
The organizing and archiving of all project deliverables and documentation occurs during the Project Closing phase. This phase is part of the overall project management process and marks the end of the project.
Here's a step-by-step explanation of the Project Closing phase:
1. Finalizing Project Deliverables: In this step, all project deliverables are reviewed and finalized. This includes ensuring that all the planned objectives and requirements have been met, and that the deliverables are of satisfactory quality.
2. Conducting Project Audit: A project audit is performed to assess the project's performance, identify any deviations from the plan, and evaluate the overall success of the project. This audit helps in identifying any lessons learned for future projects.
3. Obtaining Project Sponsor Acceptance: The project sponsor, who is typically a key stakeholder or the person responsible for funding the project, needs to formally accept the project deliverables. This acceptance confirms that the project objectives have been achieved and the deliverables meet the agreed-upon criteria.
4. Final Project Report: A comprehensive final project report is prepared, which summarizes the entire project, including its objectives, scope, activities, resources used, and outcomes. The report may also include an evaluation of the project's success, lessons learned, and recommendations for improvement.
5. Final Meeting and Presentation: A final meeting or presentation is held to formally close the project. During this meeting, the project team presents the final project report, highlights key achievements, discusses challenges faced, and shares any recommendations for future projects. This meeting allows stakeholders to provide feedback and ask questions.
6. Archiving Project Documentation: All project documentation, including reports, plans, contracts, and other relevant records, is organized and archived for future reference. Archiving ensures that project information is readily available for future audits, reviews, or if the project needs to be revisited.
In conclusion, the organizing and archiving of all project deliverables and documentation occurs during the Project Closing phase. This phase involves finalizing deliverables, conducting a project audit, obtaining project sponsor acceptance, preparing a final project report, holding a final meeting or presentation, and archiving project documentation.
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a _____ is a formal written statement that describes in detail the idea for a new business and how it will be carried out.
Answers
A formal written declaration known as a business plan extensively outlines the concept of a new company.
What does "business strategy" mean?A business plan is a file or document that details the organization's goals and how they will be achieved. A business plan is a written document that describes in great depth the goals and objectives of a company.It elaborates on the specific objectives of the organisation and offers a plan for achieving them. A business plan outlines a documented strategy for the company's operations, finances, and marketing.
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what country consumes the most chocolate per capita?
Answers
Answer:
Switzerland
Explanation:
amounting to an impressive 8.8 kilograms.
Answer:
Switzerland
Explanation:
Mova Motors Inc. enters the Asian market and conducts a thorough analysis of the local marketing conditions such as the characteristics and buying situations of consumers. The company realizes that the buying behavior of the majority of middle-income families is similar. It divides the market into distinct groups based on the purchasing power of consumers and decides to pursue the middle-income families. In this scenario, the company is ______. Multiple choice question. distributing products through indirect channels diversifying its product line using a promotional push strategy focusing on a market segment
Answers
Answer:
r
Explanation:
whether buyer-seller relationships in an industry represent a strong or weak source of competitive pressure is a function of multiple choice the speed with which general economic conditions and interest rates are changing. the extent to which buyers can exercise enough bargaining power to influence the conditions of sale in their favor and whether strategic partnerships between certain industry members can adversely affect other industry members. how many buyers purchase all of their requirements from a single seller versus how many purchase from several sellers. the number of buyers versus the number of sellers. whether industry members are spending more or less on advertising.
Answers
The degree to which purchasers can exert sufficient negotiating leverage to influence the terms of the sale in their favor, as well as whether strategic alliances between some industry participants can have a negative impact on other participants.
Management of the company should consider how competitively powerful or weak a potential entry would be.When deciding whether potential entry is a strong or weak competitive force, managers should take into account two factors: how high the entry barriers are for each type of potential entrant, and how enticing the industry's development and profit prospects are to potential entrance candidates.
Are purchasers given additional negotiating power when a sector's products are standardized?If the customer is aware of prices and the products, their buying power is high. If the client makes large purchases of standardized goods from the supplier, the buyer's negotiation power is then high. Buyer power is significant if the product's alternatives are available on the market.
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6. Outline 4 circumstances under which some human wants canbe fully satisfied
Answers
Generally, the human wants can never be fully satisfied because its requires more resources whereas the resources are limited.
What is a human wants?This refers to the desires, aspirations and motives of humans that can be satisfied with goods and services.
For instance, the yearning for food, shelter, clothing are example of an economic human wants.
It is also accepted that the human wants are never truly satisfied because they are endless, even though these wants can be temporarily satisfy, they will always reoccur.
Therefore, the human wants can never be fully satisfied.
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Businesses are usually interested in promoting growth because it:
A. expands the frontier on their production possibilities curves.
B. weakens productivity for competing businesses.
C. reduces their need to pay a large staff of employees.
D. creates additional marketing value without extra investment.
Answers
Answer: A - expands the frontier on their production possibilities curves
Explanation:
It was correct when checked
Businesses are usually interested in promoting growth because it expands the frontier on their production possibilities curve. Hence, option A holds true regarding business growth.
What is business growth?An expansion in the scope of business, which gives business an opportunity to improve the productivity and increase the sales exponentially, ultimately leading to increased profitability, is known as business growth.
Increased productivity at a constant rate enables a business to assume expanding its production capacities on the production possibilities curve, which can be determined through graphical representation.
Hence, option A holds true regarding the business growth.
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A target market is a group of customers that a business decides to aim its marketing efforts and ultimately its products on.
True
False
Answers
A target market being a group of customers that a business
decides to aim its marketing efforts and ultimately its
products on is True.
What are Products?These are the goods and services a company offers to the
public in order to take care of certain problems and also ensure
that profit is made in the organization.
Target market are the group of people in which the products
are made for. For example, a sanitary pad's target market is
females.
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true
Explanation:
noballs
Identify the accounts below that would be classified as current liabilities on a classified balance sheet. (Check all that apply.)
Multiple select question. Mortgage payable Accounts receivable Taxes payable
Accounts payable Notes payable Unearned rent
Answers
Option a, b, c and d: the accounts that would be classified as current liabilities on a classified balance sheet, Notes payable (due in three months), Unearned rent, Accounts payable and Taxes payable.
Current Liabilities are obligations of the company that must be paid off within a year.
All of the aforementioned accounts would be categorised as current liabilities since they must be settled in cash or in-kind (in the case of unearned rent), respectively, within a 12-month period.
An entity's assets, liabilities, and shareholders' equity can all be found on a balance sheet that has been combined (or "classified") into different sorts of accounts. A categorised balance sheet features sections for current assets and liabilities, long-term liabilities, and more. Instead of just being presented as a massive number of line items, the data may be easier to understand and retrieve if it is organised into categories.
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Complete question:
Identify the accounts below that would be classified as current liabilities on a classified balance sheet. (Check all that apply.)
a) Notes payable (due in three months)
b) Unearned rent
c) Accounts payable
d) Taxes payable
Which of these is considered the highest level of management?
A. Supervisor
B. Team member
C. Executive
D. Middle manager
Answers
C. The Executive. Hope that helps...
The Executive is considered the highest level of management. Option C is correct.
What is the management?Management may be described as the process of completing the job or activity necessary to achieve an organization's goals in an efficient and effective manner.
The process implies the management functions. This includes organizing, planning, staffing, directing, and controlling. A manager's responsibility is to offer common guidance and direction to individual efforts to achieve organizational goals.
Management contributes to increased corporate efficiency by increasing productivity via effective planning, organizing, controlling, and directing.
Therefore, option A is correct that The Executive is the most senior level of management.
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Enhancing qualitative characteristics of accounting information include each of the following except
Mutiple Choice
a. Comparability
b. Materiality
c. Ventiebity
Answers
The answer is c. Verifiability. Enhancing qualitative characteristics of accounting information includes each of the following except Verifiability.
Enhancing qualitative characteristics of accounting information is important for ensuring the usefulness and reliability of financial information. Comparability allows users to make meaningful comparisons between different periods or entities. Materiality ensures that information is relevant and significant enough to influence decision-making. Verifiability, however, is not one of the recognized qualitative characteristics. Verifiability may be associated with the concept of reliability, which emphasizes the need for information to be supported by evidence and capable of being confirmed through independent verification. Other recognized qualitative characteristics include understandability, timeliness, consistency, neutrality, and faithful representation, which collectively contribute to the overall quality and usefulness of accounting information.Note: The correct question is:
Enhancing qualitative characteristics of accounting information include each of the following except
Mutiple Choice
a. Comparability
b. Materiality
c. Verifiability
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? Question
Select the correct answer from each drop-down menu.
Complete the sentences by applying your knowledge of economic concepts to the video you watched.
Through the Recovery Act, the federal government transferred money to
develop local projects to increase employment and output.
In Fresno, stimulus money was used to assist
businesses and keep them open.
which could then
Answers
Answer:
local governments
small
Explanation:
PLATO
Which economic system is based on an idea of equality of result; that regardless of how well off somebody starts, all
should be guaranteed an equal success?
O A. Traditional
B. Command
OC. Mixed
D. Market
Answers
What your describing sounds a lot like communism which would be found under a command economic system
Answer:
D.Market
Explanation:
A market economy conforms to formal equality of opportunity only if jobs offered by business firms are publicized in advance, so that anyone who might want to apply has a reasonable opportunity to do so.
Allison has a horse stall cleaning business that has been growing rapidly since she started it three years ago. She estimates the total number of horse stalls in her market to be 5000, owned by a total potential population of 1500. Currently, there are only two competitors in the market, Allison, who has 650 stalls that she cleans, and Sam's Hayfaring Maneger, that cleans 1,320 stalls. The remainder of the stalls are cleaned by their owners rather than by a service. Allison prices her cleaning services at $12 per stall per month and Sam charges $8 for the same service. Allison's sales are derived from 104 customers while Sam's are from 71 customers, meaning that Sam's customers have more stalls on a per capita basis. What is the market penetration rate based on potential customers
Answers
Answer:
the market penetration rate based on potential customers is 11.66%
Explanation:
The computation of the market penetration rate based on potential customers is shown below
= Alison + sam
= (104 customers ÷ 1500) + (71 customers ÷ 1500)
= 6.93 % + 4.73%
= 11.66%
hence, the market penetration rate based on potential customers is 11.66%
We simply added both the Alison and sam so that the market penetration rate could come
b. Assume the creation of city parks has spillover benefits that improve society as a whole. Explain two positive extemalities associated with making more parks. Who receives the external benefits? Explain what the government must do to fix the positive externality. ECON EXTERNALITY REVIEW.
Answers
Answer:
Explanation:
The format for the equation of a circle is (x-h)^2+(y-k)^2=r^2, where (h,k) is your center and r is your radius. All we have to do is substitute the correct values, giving us the equation (x+2)^2+(y-1)^2=4
Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Answers
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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