An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $5,150,000 and will be sold for $1,575,000 at the end of the project. If the tax rate is 22 percent, what is the aftertax salvage value of the asset

Answers

Answer 1

Answer:

$1,424,282.40

Explanation:

Missing word "Refer to Table  5 YEAR :20%,32%,19.2%,11.52%"

Book value as on date of sale = Cost - Accumulated Depreciation

Book value as on date of sale = $5,150,000*(1 - 0.2 - 0.32 - 0.192 - 0.1152)

Book value as on date of sale = $5,150,000*0.1728

Book value as on date of sale = $889,920

Gain on sale = $1,575,000 - $889,920

Gain on sale = $685,080

After-tax salvage value = Sale proceeds - (Gain on sale*Tax rate)

After-tax salvage value = $1,575,000 - ($685,080*22%)

After-tax salvage value = $1,575,000 - $150,717.60

After-tax salvage value = $1,424,282.40


Related Questions

Your company buys a computer system from IBM for $3 million and pays IBM $200,000 to install the computer system. The $3 million is on credit and your company pays $100,000 of interest on the loan in the current year. The acquisition cost of the computer system at the end of the current year will be

Answers

Answer:

$3.2 million

Explanation:

Calculation to determine what The acquisition cost of the computer system at the end of the current year will be

Using this formula

Acquisition cost=Purchase price+ Installation cost

Let plug in the morning

Acquisition cost= $3 million +$200,000

Acquisition cost=$3.2 million

Therefore The acquisition cost of the computer system at the end of the current year will be $3.2 million

Rev. Elvin Snider is the ordained minister at Crossroads United Methodist Church. His salary on his Form W-2 is $20,000. He also receives a $12,000 housing allowance. His housing costs for the year are $14,000. What is Rev. Snider's self-employment income?

Answers

Answer: $32000

Explanation:

It should be noted that ministers or clergymen can exclude the home rental value or housing cost from the calculation of the gross income

Rev. Snider's self-employment income

Therefore, in this case, Rev. Snider's self-employment income will be:

Salary = $20,000

Add: Housing allowance = $12000

Total = $32000

Chance, Inc. sold 5,000 units of its product at a price of $172 per unit. Total variable cost per unit is $131, consisting of $92 in variable production cost and $39 in variable selling and administrative cost. Compute the manufacturing margin for the company under variable costing.

Answers

Answer:

$400,000

Explanation:

Computation for the manufacturing margin for the company under variable costing

Using this formula

Manufacturing margin= Sales - Total variable production cost

Let plug in the formula

Manufacturing margin=( 5,000*$172)- (5,000*$92)

Manufacturing margin=$860,000-$460,000

Manufacturing margin= $400,000

Therefore the manufacturing margin for the company under variable costing is $400,000

A bicycle repair company conducted segmentation research and then targeted their direct mail coupons for a first bike tune-up to that identified customer segment. What basic question did targeting and segmentation answer for the company

Answers

Answer:

Who am I trying to reach?

Explanation:

Targeting and segmentation is the process by which a company focuses marketing activities regarding a particular product to a defined customer profile.

Certain criteria like income, age, location, culture and so on can be used as a basis for segmentation.

Basically the question that segmentation and targeting answers is - Who am I trying to reach?

In the given scenario the bicycle repair company conducted segmentation research and then targeted their direct mail coupons for a first bike tune-up to that identified customer segment.

So they answered who they want to sell to.

If the slope of the budget line changes, there MUST have been a change in the consumer's preferences. an increase in the consumer's income. a change in the price of at least one good. a change in the price of both goods. None of these

Answers

Answer:

you change in the price of at least one good

The Japanese economy has been experiencing slow growth. As a result the Prime Minister, who thinks John Maynard Keynes was the greatest economist ever, has decided to increase government spending. As head of the economic council the Prime Minister asks you to determine the size of the increase needed to bring the economy to full employment.
Assume there is a GDP gap of 1 billion yen and the marginal propensity to consume (MPC) is .60. What advise do you give the Prime Minister?
a. The recessionary gap is equal to 625 million yen.
b. The inflationary gap is equal to 1 billion yen divided by 2.5 or 0.4 billion yen.
c. The recessionary gap is equal to 1 billion yen divided by 2.5 or 0.4 billion yen.
d. The inflationary gap is equal to 1 billion yen divided by 1.66 or 0.625 billion yen.

Answers

Answer:

c. The recessionary gap is equal to 1 billion yen divided by 2.5 or 0.4 billion yen.

Explanation:

The computation is shown below:

The multiplier is

= 1 ÷ (1 - MPC)

= 1 ÷ (1 - 0.60)

= 2.5

Now the increase in government expenditure for closing out the recessionary gap should be

Change in income = change in government purchase × multiplier

100 = change in government purchase × 2.5

So, the change in government purchase should be

= 100 ÷2.5

= 40

Hence, the option c is correct

A project has an initial cost of $44,000. Expected cash flows as a result of this project are projected as follows. Calculate the payback period for this project. Assume a discount rate of 9%.

Answers

Answer:

3.5 year

Explanation:

The computation of the payback period is given below:

Year          Cash Inflow       Cumulative Cash Inflow

1                $10,000                 $10,000

2               $10,000                   $20,000

3                $15,000                 $35,000

4                $18,000                 $53,000

Now the payback period is

=  3 year + ($53,000 - $44,000) ÷ $18,000

= 3 year + 0.5

= 3.5 year

The discount rate is a. the rate at which the Fed lends to banks. b. the rate at which public banks lend to other public banks. c. the percentage difference between the face value of a Treasury bond and what the Fed pays for it. d. the percentage of deposits banks hold as excess reserves.

Answers

Answer:

a. the rate at which the Fed lends to banks

Explanation:

The discount rate is the interest rate that are applied for measuring the present value of future cash flows

It is the rate where the federal reserve would lends to the financial insituation or bank

So as per the given options, the option a is correct

And, the other options should be considerd as wrong or incorrect

What’s the best major among these and why plz .

Business management
Business marketing
Business banking

Answers

Answer:

With a strong focus on your employability, our MSc Strategic Business Management is for those wanting an in-depth knowledge and a critical understanding of the key aspects of strategic business and management in a global context. Whether you are a manager, consultant, analyst, or want to pursue a career as an entrepreneur, this one year postgraduate degree helps develop the most important concepts and real world practical models to enhance your career in a rapidly changing work environment.

 Explanation:

Business Degree In Marketing

Business Or Marketing Degree

Degree In Marketing

Degree In Marketing Salary

Degree In Marketing Management

Bachelor Degree In Marketing

Degree In Fashion Marketing

Master Degree In Marketing

Bs Degree In Marketing

Masters Degree In Marketing

Online Degree In Marketing

Graduate Degree In Marketing

Degree In Internet Marketing

Calculate the current price of a $1,000 par value bond that has a coupon rate of 6 percent, pays coupon interest annually, has 27 years remaining to maturity, and has a current yield to maturity (discount rate) of 15 percent. (Round your answer to 2 decimal places and record without dollar sig

Answers

Answer: $413.81

Explanation:

Price of a bond = Present value of coupon payments + Present value of face value

Coupon is a constant payment so is an annuity.

Coupon = 6% * 1,000 = $60

Price of bond = Present value of annuity + Present value of face value

= (Coupon * Present value interest factor of annuity (PVIFA), 27 periods, 15%) + (Face value / (1 + rate) ^ number of periods)

= (60 * 6.514) + (1,000 / (1 + 15%)²⁷

= $413.81

On June 1, 2021, Dirty Harry Co. borrowed cash by issuing a 6-month noninterest-bearing note with a maturity value of $510,000 and a discount rate of 8%. Assuming straight-line amortization of the discount, what is the carrying value of the note as of September 30, 2021

Answers

Answer: $503,200

Explanation:

Carrying value of note = Face value of note - Interest remaining

Interest remaining = Face value * Periodic interest rate * Number of months remaining / Total number of months for note

= 510,000 * 8%/2 * 2 / 6 months

= $6,800

Carrying value of note = 510,000 - 6,800

= $503,200

Note: Note is for 6 months so periodic interest was divided by 2 to make it a semi-annual rate.

Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are: M N O Unit sales price $ 16 $ 11 $ 13 Unit variable costs 10 9 10 Total fixed costs are $533,000. The contribution margin per composite unit for the current sales mix (round to the nearest cent) is:

Answers

Answer:

Madison Corporation

The contribution margin per composite unit for the current sales mix is:

= $26.

Explanation:

a) Data and Calculations:

Products                    M            N            O

Current sales mix      3             1             2

Unit sales price      $16         $11          $13

Unit variable costs   10            9            10

Unit contribution    $6          $2           $3

Contribution margin per

composite unit    $18          $2           $6

=                      ($6 * 3)   ($2 * 1)    ($3 * 2)

b) The contribution margin per composite unit is computed as the addition of the contribution margin per composite unit for each product.  Each product's contribution margin per composite unit is calculated as the contribution per unit multiplied by the sales mix for each product.

Vaughn Manufacturing is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product is $24 and Vaughn would sell it for $51. The cost to assemble the product is estimated at $14 per unit and the company believes the market would support a price of $61 on the assembled unit. What decision should Vaughn make?

Answers

Answer:

Sell before assembly, The company will be better off by $4 Per Unit

Explanation:

Calculation to determine what decision should Vaughn make

PROFIT BEFORE ASSEMBLY

Profit = Sale price - Cost price

Profit= $51 - $24

Profit= $27 Per Unit

PROFIT AFTER ASSEMBLY

First step is calculate the Cost of Assembled Product

Cost of Assembled Product =$24 + $14

Cost of Assembled Product= $38 Per Unit

Now let determine the profit

Profit = Sale price - Cost price

Profit= $61 - $38

Profit = $23 Per Unit

Now let Determine what decision should Vaughn make

Hence, the Profit by selling assembled product is LOWER than selling the Unassembled product by :

$27 Per Unit - $23 Per Unit

= $4 Per Unit

Therefore the decision that Vaughn should make is: Sell before assembly, The company will be better off by $4 Per Unit

Inga invested part of her $6000 savings in common stock and the rest in rare stamps. At the end of the year, she realized a gain of 9% on the stock and 12%on the stamps. If her savings now amounts to $6615, how much did she invest in stamps

Answers

Answer:

The amount Inga invested in stamps is $2,500.

Explanation:

Let x represents the amount invested in common stock. Therefore, we have:

Amount invested in common stock = x

Amount invested in stamps = 6000 - x

Rc = Rate of gain from common stock = 9%, or 0.09

Rs = Rate of gain from common stock = 12%, or 0.12

Amount of saving now = $6615

Therefore, we have

Amount of saving now = (x * (1 + Rc)) + ((6000 - x) * (1 + Rs)) ………….. (1)

Substituting all the relevant values into equation (1) and then solve for x, we have:

6615= (x * (1 + 0.09)) + ((6000 - x) * (1 + 0.12))

6615 = (x * 1.09) + ((6000 - x) * 1.12)

6615 = 1.09x + (6720 - 1.12x)

6615 = 1.09x + 6720 - 1.12x

6615 - 6720 = 1.09x - 1.12x

-105 = -0.03x

x = -105/-0.03

x = 3,500

Therefore, we have:

Amount invested in stamps = 6000 - x = $6,000 - $3,500 = $2,500

Therefore, the amount Inga invested in stamps is $2,500.

Chad is the founder of a firm producing self-driving vehicles. Because the industry is so new and chaotic, Chad favors a top-down strategic planning approach in which he exerts strong control over all aspects of the business, from product development and design to manufacturing and marketing. What is wrong with this scenario

Answers

Answer:

a. The self-driving vehicle industry is changing too much for the top- down approach to be effective.

Explanation:

The top-down strategic planning approach involves the company goals and their subdivisions. The aim is to gradually move from the top to down in a specific hierarchy. This approach lies on higher authority and in contrast the bottom-up strategy favors decision making that gives complete staff a voice.

The first three cars I bought all fell apart around 50,000 miles. It was called planned obsolescence and no one seemed to care until companies entered the market and promised 70,000, then 80,000, and finally 100,000 warranties. What sets a great car apart from a good one now is not the quality, which is assumed, but performance, safety and fuel economy. A car that can achieve all three is highly sought after. In the automotive market, performance, safety and fuel economy are sterling examples of:

Answers

Answer:

Order Winners

Explanation:

Order winners basically mean the winning attributes that customers will seek in order to successfully buy a product.

This is in fact because a customer's decision in buying a product is based on the value for money, so things such as price, availability, performance, and design are things to be considered by customers before deciding on the product.

As in the case above, the winning attributes in making a car great are performance, safety, and fuel economy. If such is found in a car then it would lead the car to be highly sought by the customers.

ing using a calculator​) Jesse Pinkman is thinking about trading cars. He estimates he will still have to borrow ​$ to pay for his new car. How large will​ Jesse's monthly car loan payment be if he can get a ​-year ​( equal monthly​ payments) car loan from the​ university's credit union at an APR of percent compounded​ monthly?

Answers

Answer:

Monthly car loan payment = $414 (Approx.)

Explanation:

Missing information;

Amount borrow = $29,000

NUmber of payment = 7 year x 12 = 84

Rate = 5.3% yearly = 0.053 / 12 monthly

Find:

Monthly car loan payment

Computation:

PV = $29,000

N = 84

r = 0.053/12

FV = 0  

PV = (PMT/r)[1 – 1/(1 + r)ⁿ] + FV/(1 + r)ⁿ  

29,000 = [PMT/(0.053/12)][1 – 1/(1 + 0.053/12)^84] + 0  

PMT = 413.98

Monthly car loan payment = $414 (Approx.)

Assume the marginal tax rate is 10% for the first $20,000 of taxable income, 25% for taxable income from $20,001 to $50,000, and 35% for taxable income above $50,000. If Mr. Smith had taxable income of $80,000, how much tax does he owe

Answers

Answer:

the tax amount is $20,000

Explanation:

The computation of the tax amount is given below:

= 10% of $20,000 + ($50,000 - $20,001) × 25% + ($80,000 - $50,000) × 35%

= $2,000 + $7,499.75 + $10,500

= $19,999.75

= $20,000

hence, the tax amount is $20,000

The same should be considered and relevant too

XYZ has two divisions: South and West. Overall net operating income is $26,900. South Division's segment margin is $42,800 and West Division's segment margin is $29,900. What is the amount of the common fixed expense not traceable to the individual divisions?
a. $45,800.
b. S56800.
с.$69,700.
d. $72,700.

Answers

Answer:

a. $45,800.

Explanation:

The computation of the common fixed expense not traceable is given below

Combined segment margin of two divisions ($42,800 + $29,900) $72,700

Less: net income -$26,900

Non traceable fixed cost $45,800

Hence, the amount of the common fixed expense not traceable to the individual divisions is $45,800

Therefore the option a is correct

Why do mortgage brokers normally have no risk in the mortgage process? A. The broker usually does not loan the money. B. The mortgage broker doesn't sell you the property.
C. The mortgage broker simply brings the home buyer and the lender together. D. All of the above

Answers

Answer

D, all of the above.

Explanation:

Nut and Bolt guy Inc, sells nuts, bolts, fasteners and other related equipment. The CFO projects that net FCF for the next three years will be $11,000, $12,500 and $16,000, respectively. After that, the cash flows are expected to increase by 4.5 percent annually. What is the value of the firm if the WACC is 12.2%?

Answers

Answer:

$184791

Explanation:

The calculation of the value of the firm is given below:

Year         Future Cash Flow      PVF at 12.2%      PV of Cash Flow

1                 11000                               0.891                  9801

2               12500                               0.794                  9925

3               16000                                0.708                11328

Total                                                                              31054

Present Value of Terminal Value

= [16000 × (1 + 0.045) ÷ 0.122 - 0.045] × 0.708

= [16720 ÷ 0.077] × 0.708

= 153737

Now

value of Firm = 31054 + 153737

= $184791

On December 31, Jacoby Company's Prepaid Rent account had a balance before adjustment of $6,000. Three months' rent was paid in advance on December 1, the first day of the lease term. The adjusting entry needed on December 31 is:

Answers

Answer:

Debit Rent Expense $2,000; credit Prepaid Rent $2,000.

Explanation:

Assuming On December 31, the Company's Prepaid Rent account had a balance before adjustment of the amount of $6,000 which means that if the Three months' rent was paid in advance on December 1, The adjusting entry needed on December 31 is:

Debit Rent Expense $2,000

Credit Prepaid Rent $2,000.

($6000/3month)

(To record Rent Expense)

American Corp. is currently an all-equity firm that has 22,000 shares of stock outstanding with a market price of $27 a share. The current cost of equity is 12 percent and the tax rate is 35 percent. The firm is considering adding $225,000 of debt with a coupon rate of 6.25 percent to its capital structure. The debt will sell at par. What will be the levered value of the equity

Answers

Answer: $447,750

Explanation:

The value of a levered firm is calculated as:

= (Number of shares outstanding * Market price) + (Debt * tax rate)

= (22,000 * 27) + (225,000 * 35%)

= $672,750

Equity = Value of levered firm - Debt

= 672,750 - 225,000

= $447,750

Suppose potential income is $80 billion, actual income is $40 billion, and expenditures don't vary with income. If the actual budget deficit is $8 billion and the marginal tax rate is 20 percent, the cyclical deficit:________
a) is $4 billion.
b) is $8 billion.
c) cannot be determined from the given information.
d) is between zero and $8 billion.

Answers

A(4billion)

Because I 4-(5-22)-2

When considering buying a new carpet that costs $3000, Regina was told there was a rebate of 10 percent. How would this affect Regina's purchase?
a) she would get back 10% of her $3000.
b) she would be less likely to buy this carpet.
c) she would have to pay 10% more money in addition to the $3000.
d) she would not have to pay taxes over 10% of the purchase price.

Answers

Answer: a) she would get back 10% of her $3000.

Answer: She would get back 10 percent of her $3000.

type of power based on manager's ability to influence employees with something of value to them.​

Answers

Answer:

incentive or reward

Explanation:

incentive pay, time and a half pay for overtime are examples

True or false? if false explain. An internally held public debt is like a debt of the left hand owed to the right hand.

Answers

Answer:True

Explanation: AN internally held debt is like a debt of the left hand owned to the right hand. This is a true statement. Left hand and right hand is ib the same body. Similarly,internal debit is taken from public of one's own nation. Just like things are in left hand or right hand, it remains in same person. Similarly, internal debit is borrowed from the people of the nation itself and is held within the nation.

If the U.S. economy is producing at a level that is substantially less than potential GDP and the government's budget deficits are increasing aggregate demand, then ____________________________ is not much of a danger.

Answers

Answer:

an inflationary increase in the price level.

Explanation:

Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country.

In order to boost economic growth, a monetary policy is implemented to increase money supply (liquidity). Also, it is used to prevent inflation by reducing money supply.

An inflationary gap, also referred to as an expansionary gap in economics, is typically used for measuring the difference between the gross domestic product (GDP) and the current level of Real Gross Domestic Products that exists when a country's economy is gauged at a full employment rate. Consequently, this situation causes the price of goods and services to go up with a low income level among the people living in the country.

A budget deficit is the amount by which spending exceeds income.

All other factors held constant or all things being equal (ceteris paribus), an increase in government's budget deficit drives the interest rate up.

Generally, when there's a deficit in government budget, they resort to issuing more bonds or borrowing money from creditors. These creditors are likely to be sceptical about the government's ability to repay the debt and as such would increase the interest rate.

Hence, an inflationary increase in the price level of goods and services is not much of a danger if the U.S. economy is producing at a level that is substantially less than potential gross domestic product (GDP) and the aggregate demand is being increased by government's budget deficits.

Cucina Corp. signed a new installment note on January 1, 2018, and deposited the proceeds of $50,000 in its bank account. The note has a three-year term, compounds 5 percent interest annually, and requires an annual installment payment on December 31. Cucina Corp. has a December 31 year-end and adjusts its accounts only at year-end. Required:

Answers

Question Completion:

Required:

1.Use an online application, such as the loan calculator with annual payments at mycalculators.com, to generate an amortization schedule. Enter that information into an amortization schedule with the following headings: Year, Beginning Notes Payable, Interest Expense, Repaid Principal on Notes Payable, and Ending Notes Payable.

2.Prepare the journal entries on (a) January 1, 2018, and December 31 of (b) 2018, (c) 2019, and (d) 2020.

3.If Cucina Corp.’s year-end were March 31, rather than December 31, prepare the adjusting journal entry it would make for this note on March 31, 2018?

Answer:

Cucina Corp.

1. Annual Amortization Schedule  

Year   Beginning       Interest Expense    Repaid Principal   Ending Notes

       Notes Payable  on Notes Payable                                      Payable

1        $50,000.00         $2,140.23               $15,842.25         $34,157.68

2        $34,157.68         $1,329.68               $16,652.80          $17,504.84

3        $17,504.84             $477.71                $17,504.77          $0.00

2. (a) January 1, 2018

Debit Cash $50,000

Credit Installment Note Payable $50,000

To record the issuance of the installment note.

December 31 of

(b) 2018

Debit Interest Expense $2,140.23

Debit Installment Note Payable $15,842.25

Credit Cash $17,982.48

To record the first installment repayment, including interest.

(c) 2019

Debit Interest Expense $1,329.68

Debit Installment Note Payable $16,652.80

Credit Cash $17,982.48

To record the second installment repayment, including interest.

(d) 2020

Debit Interest Expense $477.71

Debit Installment Note Payable $17,504.77

Credit Cash $17,982.48

To record the third and final installment repayment, including interest.

3. (b) 2018

Debit Interest Expense $625

Credit Interest Payable $625

To accrue interest expense for the year ($50,000 * 5% * 3/12)

Explanation:

a) Data and Calculations:

Installment note payable obtained on January 1, 2018 = $50,000

Period of note payable = 3 years

Interest rate = 5% compounded annually

Annual interest payment = December 31

Suppose a chair manufacturer is producing in the short run (with its existing plant and equipment). The manufacturer has observed the following levels of production corresponding to different numbers of workers:
Number of Workers Number of Chairs
1 10
2 18
3 24
4 28
5 30
6 28
7 25
a. Calculate the marginal and average product of labor for this production function.
b. Does this production function exhibit diminishing returns to labor

Answers

Answer:

(a)

MP = TPn - TPn-1

AP = TP/Q

No. of workers       No. of chairs   MP    AP

         1                              10              -       10      

         2                             18             8       9

         3                             24            6       8

         4                             28            4       7

         5                             30            2       6

         6                             28          - 2      4.6

         7                              25          -3       3.5

(b) Yes, this production function exhibits diminishing returns to labor. As we increase the number of laborers, the output per worker falls. we will see that the AP is falling with the rise parturient.

Other Questions
____ endings in the skin and other body parts transmitsensations to the brain. *NerveTissueMuscleReceptors Help me please -------------------- encode the original string by finding sequences in the string * where the same character repeats. replace each such sequence * by a token consisting of: the number of characters in the sequence * followed by the repeating character. * return the encoded string. Assume that the far point of a myopic (nearsighted) eye is 5.04 m in front of the eye. A lens is used to correct the vision, such that it can focus sharply an object at infinity. What is the power of the lens (in diopters; answer sign and magnitude)? Which statement best describes what happens as thermal energy from thesun warms the pavement?A. The thermal energy absorbed by the pavement is destroyed.B. The thermal energy that is not absorbed by the pavement isdestroyed.C. Some thermal energy is absorbed by the pavement, and some isdestroyed.D. The thermal energy of the sun is transferred to the pavement. Vit li cu They cancelled all the flights because of fog. =>All the flights. .. I. Supply the verbs in past progressive tense. 1. At this time last year, I ___________________an English course (attend) 2. Jim ________________ under the tree when he heard an explosion (stand) 3. The boy fell and hurt himself while he _________________ a bicycle (ride) 4. When we met them last year, they______________ in Santiago (live) 5. The tourist lost his camera while he________________ around the city (walk) 6. The lorry _______________ very fast when it hit our car (go) 7. While I ____________________in my room, my roommate ___________________ a party in the other room (study/have) 8. Mary and I___________________ the house when the telephone rang (just leave) 9. We __________________ in the caf when they saw us (sit) 10. I ___________________down the street when it began to rain (go) write your answer in simplest radical form write an equation for a radical function that has a domain of all real numbers greater than or equal to -2 and a range of all real numbers greater than of equal to 1 Out of a total of 10 college textbooks estimate the standard deviation of their ages if the oldest textbook is known to be 7.9 years old and the newest textbook is 1.3 years old. Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $249,400. The equipment was expected to have a useful life of four years, or 8,800 operating hours, and a residual value of $20,600. The equipment was used for 3,080 hours during Year 1, 1,848 hours in Year 2, 2,464 hours in Year 3, and 1,408 hours in Year 4. Required: 1. Determine the amount of depreciation expense for the four years ending December 31 by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the four years by each method. Round the answer for each year to the nearest whole dollar. Depreciation Expense Year Straight-Line Method Units-of-Activity Method Double-Declining- Balance Method Year 1 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Year 2 $fill in the blank 4 $fill in the blank 5 $fill in the blank 6 Year 3 $fill in the blank 7 $fill in the blank 8 $fill in the blank 9 Year 4 $fill in the blank 10 $fill in the blank 11 $fill in the blank 12 Total $fill in the blank 13 $fill in the blank 14 $fill in the blank 15 2. What method yields the highest depreciation expense for Year 1 864268-8 -6 -4 -2 0-321.-6-8O A. y -[x]-2OB. y -[x]+3O C. y = (x) - 3O D. y = [x]+2 I need helpCenter? Radius? Methods of COAGULATION? How many significant digits are there in the number 5.5x10?? OA) 2 O B) 3 OC) 4 OD) 5 The management of Fuzzy Button Clothing Company controls 58% of the company's stock. The firm did not meet any of its quarterly sales projections for the last year. Some of the firm's institutional investors are worried that the firm's poor performance is partly because management has not been focused on maximizing shareholder wealth. Which of the following measures would the institutional investors most likely want to see implemented? A. They would like to see the size of the board of directors increased, because larger boards usually implement a higher degree of corporate governance. B. They would like to see that the company has an interlocking board of directors with one of the company's strategic partners C. They would like to see that the majority of the company's board of directors is composed of true outsiders. It is reasonable to assume that a firm's management is going to be ultimately motivated to act in their own best interest. It can be a serious problem for shareholders if management's self-interests do not align with shareholders' self-interests. Select the statement that best describes the board of directors' actions in the following scenario: Happy Lion Manufacturing Inc. currently has $1.1 billion in cash on its balance sheet. The CFO thinks the firm will need $600 million in cash to finance operations for the next year. The CFO has recommended that the firm keep the excess cash in a marketable securities portfolio to allow for unexpected costs. However, the board of directors has decided that the firm will pay this money out to the shareholders in the form of a cash dividend. D. The board's decision will give management the incentive to make decisions that are not in the shareholders' best interest. E. The board's decision will help align management's interests with the shareholders' interests. F. The board's decision is extremely risky and not very practical Flash Player WIN 32,0,0.387 In humans, one function of an inter neuron is to relay impulse directly from base on this excerpt, what can the reader infer about the narrator's character? The answer to this question What are major activities of conservation of environment? Explain.