## Answers

SOLUTION : 1 | ||||||

CALCULATION OF THE DEPRECIATION AS PER SUM OF DOUBLE DECLINE METHOD | ||||||

Purchase Cost of Machine | $ 7,10,000 | |||||

Useful Life = | 10 years | |||||

Depreciation per year = | $ 71,000 | |||||

(Purchase price / Useful life) | ||||||

CALCULATION OF THE RATE OF DEPRECIATION | ||||||

Rate of Depreciation = | $ 71,000 / $ 710,000 | |||||

(Depreication / Purchase price ) | ||||||

Rate of Depreciation = | 0.10 or 10% | |||||

Double decline deprection rate = 10% * 2 = | 20% | |||||

Purchase price = | $ 7,10,000 | |||||

Depreciation for the year 1 | $ 1,42,000 | |||||

Closing balance for the year 1 | $ 5,68,000 | |||||

Opening Balance for the year 2 | $ 5,68,000 | |||||

Depreciation for the year 2 | $ 1,13,600 | |||||

Closing balance for the year 2 | $ 4,54,400 | |||||

Answer = Option 4 =$ 113,600 | ||||||

SOLUTION : 2 | ||||||

The term "Depreciable base" refers to = The cost of the assets less related depreciation recorded to date | ||||||

#### Similar Solved Questions

1 answer

##### * Exercise 13-05 a-b Suppose the comparative balance sheets of Larkspur, Inc. are presented here. LARKSPUR,...

* Exercise 13-05 a-b Suppose the comparative balance sheets of Larkspur, Inc. are presented here. LARKSPUR, INC. Condensed Balance Sheet May 31 ($ in millions) 2020 2019 $9,640 2,010 1,450 $13,100 $8,720 1,840 1,730 $12,290 Assets Current Assets Property, plant, and equipment (net) Other assets Tota...

1 answer

##### The volume of a rectangular prism is #1,001# #i n^3#. The height of the prism is #13# #i n# and its width is #7# #i n#. What is the length of the prism?

The volume of a rectangular prism is #1,001# #i n^3#. The height of the prism is #13# #i n# and its width is #7# #i n#. What is the length of the prism?...

1 answer

##### For the below output, what was the test used, the p-value and the conclusion? a. An...

For the below output, what was the test used, the p-value and the conclusion? a. An F test, with 1 and 94 degrees of freedom; p = 0.000;reject the null b. A chi-square test with 4 degrees of freedom; p = 0.383; do not reject the null. c. A t-test with 91 degrees of freedom; p = 0.00...

1 answer

##### Question 34 (1 point) What is value of the variables after the if statement? int n...

Question 34 (1 point) What is value of the variables after the if statement? int n = 4; int k = 1; int r = 5; if (r < n + k) { } r = 2 * ni else { k = 2 *r; } n: p] k: P/...

1 answer

##### Or the t imony of effect dedicate-verb to offer forway (abook, plece of mukt .) to...

or the t imony of effect dedicate-verb to offer forway (abook, plece of mukt .) to person, pretory page Which of the following sentences uses the definition given above of dedicate All school-aged children should dedicate some of the deep to dreaming Several of the cabinets in the kitchen are dedica...

1 answer

##### QUESTION 2 Consider the linear system T 0.50 + 0.2 -1.425 12 0.5x2 + 0.25.73 23...

QUESTION 2 Consider the linear system T 0.50 + 0.2 -1.425 12 0.5x2 + 0.25.73 23 whose solution is (0.9,-0.8,0.7). (a) Determine whether the coefficient matrix is strictly diagonally dominant. (5) (b) Approximate the solution of the system by performing two iterations of the Gauss-Seidel algorithm, u...

1 answer

##### Give a possible formula of minimum degree for the polynomial f(x) in the graph below?

I know that my zeroes are (x+2) and (x-2) and y intercept is (0,-2) but I'm not sure how to write the "a"?...

1 answer

##### What is the cue ball's momentum after the collision? What is the 5-ball's kinetic energy after the collision? What was the cue ball's momentum before the collision? What was the speed of the cue ball before the collision?

A cue ball of mass 23 g hits the 5-ball, which has a mass of 16 g. After the collision, the 5-ball has a speed of 10.03 m/s while the cue ball moves at 1.53 m/s....

1 answer

##### Gene mapping D and J are genes, each with 2 alleles. A testcross between a heterozygote...

Gene mapping D and J are genes, each with 2 alleles. A testcross between a heterozygote individual and homozygous recessive individual is performed and the following progeny are observed: D__ J__ 52 D__ jj 46 dd J__ 48 dd jj 54 Suppose D and J are in fact linked, now consider another 2 loci P and Q,...

1 answer

##### Question 5 --/2 View Policies Current Attempt in Progress On July 1, 2017, Ling Co. pays...

Question 5 --/2 View Policies Current Attempt in Progress On July 1, 2017, Ling Co. pays $18,240 to Blue Spruce Corp. for a 2-year insurance contract. Both companies have fiscal years ending December 31. For Blue Spruce Corp., enter the July 1 transaction and the December 31 adjustment in the tabula...

1 answer

##### Linear Gradient Please step by step. Thank you! 4.- If you make a deposit of 5,000...

Linear Gradient Please step by step. Thank you! 4.- If you make a deposit of 5,000 dollars at the end of this year and you decrease this amount by 200 dollars each year, and the interest rate is 9%. a) what is the present value of this cash flows b) what is the balance after the last deposit....

1 answer

##### A random sample of 496 U.S. adults are questioned regarding their political affiliation and opinion on...

A random sample of 496 U.S. adults are questioned regarding their political affiliation and opinion on a tax reform bill. The two categorical variables are political yffiliation and opinion on the tax reform bill. The observed contingency table is given below. Favor Indiferent Opposed Tota 82 63 150...

1 answer

##### A) Egerton Sacco owns a property worth Kshs. 1.5 Million. The Sacco can sell this property...

a) Egerton Sacco owns a property worth Kshs. 1.5 Million. The Sacco can sell this property at Ksh. 1 million to finance a new venture which will generate a new income of Kshs. 700,000 per year before tax. The same property will cost the Sacco Kshs. 200,000 per year to lease. The venture is a trading...

1 answer

##### 21 Coby Prochinhas Valve art 2 of 6 Required information The following information applies to the...

21 Coby Prochinhas Valve art 2 of 6 Required information The following information applies to the questions displayed below) Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labour-hours, and its standard costs per unit are as foll...

1 answer

##### 45. A boat moves through the water with two forces acting on it. One is a...

45. A boat moves through the water with two forces acting on it. One is a 2.10 x 10 N forward push by the motor, and the other is a 1.80 x 103 N resistive force due to the water. a. What is the acceleration of the 1200 kg boat? b. If it starts from rest, how far will it move in 12 s? c. What will it...

1 answer

##### 1. Depending on the actions taken by a corporation, some stakeholders will be positively affected and...

1. Depending on the actions taken by a corporation, some stakeholders will be positively affected and others will be negatively affected. Explain. (4 marks) core -1....

1 answer

##### Adam Smith

Adam Smith denies that a nations wealth consists of the amount of gold and silver it controls. What arguments does he present to defend his position, and what aretheir implications for trade policy?...

1 answer

##### A STRIPS with 9 years until maturity and a face value of $10,000 is trading for...

A STRIPS with 9 years until maturity and a face value of $10,000 is trading for $7,589. What is the yield to maturity?...

1 answer

##### A brass beam with 8mm of diameter has its elasticity module equal to 100 GPa. Find...

A brass beam with 8mm of diameter has its elasticity module equal to 100 GPa. Find its new length if the beam has 3m of length and is subjected to an axial load equal to 2kN . What will be its length if the diameter is 6mm? Answer: δ=1.19mm and 2.12mm 2 kN 2 kN ITm...