Problem 1.b: In the previous question, what is the depreciation rate (in percentage) if we use the double-declining-balance method? (Don't input % sign, input the number only)

Q: I'd like the 1st question answered please for problem 23

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: THE SMITH COMPANY Using the business transactions below, complete T-accounts for the Smith Company.…

A: T Accounts    1. Cash Account Particular Debit Particular Credit         To capital A/c…

Q: 88 MULTIPLE CHOICE Question 7 Listen What is the inverse of the one-to-one function? A f¹(x) = x-5 3…

A: Step 1: SolutionGiven function: f(x)=3x+5We have to find what is the inverse of the one-to-one…

Q: mni.4 answer must be in proper format or i will give down vote

A: Approach to solving the question: post the question  Detailed explanation: Post the question and the…

Q: Question 8

A: When net credit sales is divided with average accounts receivable it results in receivable turnover…

Q: What is the answer to part b? Is it -1245? Is the sign negative or positive?

A: The inventory valuation includes two methods named as FIFO (First in First Out) and LIFO (Last in…

Q: What is the after announcment?  This is from question a.

A: Debt Value = $2,700,000Current Debt-to-equity ratio = 30%Increased Debt-to-equity ratio = 50%EBIT =…

Q: Please answer #9-#13

A: If the person invests $350 per month for 15 years then this situation refers to an ordinary annuity.…

Q: Last question help

A:

Q: True or False: Monte Carlo analysis predicts particular events. O True O False

A: Instead of making a single prediction, the Monte Carlo method presents multiple possibilities with…

Q: im.2 answer must be in proper format or i will give down vote

A: When it comes to writing essays or papers, this are the things you have to consider: FORMAT:1.…

Q: Explanation 1031 like-kind exchange

A:

Q: Can you please show how to solve question 4, 5, 6a, 6b.

A: Capital budgeting is a financial management process used by organizations to evaluate and make…

Q: question 33

A: Traditional IRA is one of the plans which are used by the taxpayers so that the tax amount which is…

Q: is part b answered in this?

A: Ledger posting. : When any transaction is made journal entry is passed, after that those entries are…

Q: Part B is the incorrect answer

A: The LIFO method is defined as one of the important methods of inventory calculation in which the…

Q: answer is incorrect, pls recheck

A: Statement of Comprehensive Income: Comprehensive income is a measure of the changes in owners'…

Q: The following equation shows the transactions of Cotton Cleaning Service during May. The business is…

A: Income statement is one of the essential parts of the financial statement used for reporting the…

Q: nother wrong answer

A: The Annual Percentage Rate: The annual percentage rate is the nominal rate quoted by financial…

Q: Using a perpetual inventory system, how should a company record the sale of inventory costing $490…

A: The inventory method is allocated into two categories i.e. perpetual inventory system and periodic…

Q: can you please solve the second question

A: Cost per good unit is calculated as total cost divided by number of good units. The cost can be…

Q: can i please get a correct answer for that question

A: The statement of comprehensive income is computed by adding the net income – which is found by…

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A: Under or Overapplied Overhead: When real manufacturing overhead expenses exceed allocated…

Q: 6, 7, and 8 are not answe

A: 4. What was the cost of goods manufactured for the year -$ 912,1005. What was the cost of goods sold…

Q: two questions

A: Prepare an income statement.

Q: (d) On what basis should management select from these two methods to depreciate the machine? Justify…

A: The management should opt for reducing balance method of depreciation for the above scenario: This…

Depreciation Methods

The word "depreciation" is defined as an accounting method wherein the cost of tangible assets is spread over its useful life and it usually denotes how much of the assets value has been used up. The depreciation is usually considered as an operating expense. The main reason behind depreciation includes wear and tear of the assets, obsolescence etc.

Depreciation Accounting

In terms of accounting, with the passage of time the value of a fixed asset (like machinery, plants, furniture etc.) goes down over a specific period of time is known as depreciation. Now, the question comes in your mind, why the value of the fixed asset reduces over time.