A truck costs $9,200 with a residual value of $1,000. it is estimated that the useful life of the truck is four years. the amount of depreciation expense in year 2 using the declining-balance method at twice the straight-line rate is:

Answers

Answer 1
Final answer:

The question seeks to determine the second-year depreciation expense for a truck using the declining-balance method, but additional information is required to calculate this accurately, such as the depreciation rate or first year's depreciation amount.

Explanation:

The student's question involves calculating the amount of depreciation expense in the second year using the declining-balance method of depreciation, at twice the straight-line rate for a truck. Unfortunately, with the given information, there is not enough detail to complete the calculation, as we require the initial rate of depreciation or the declining-balance rate to calculate the depreciation for year two. The declining-balance method involves applying a fixed rate to the net book value of the asset at the beginning of each year to determine that year's depreciation expense.

However, in general, for the declining-balance method at twice the straight-line rate, you would initially calculate the straight-line depreciation rate, which in this case is 25% annually, because the truck's useful life is 4 years (100% / 4 years = 25% per year).Then you would double this rate for the declining balance method, resulting in a 50% annual depreciation rate. To calculate depreciation for the second year, you would take the remaining book value of the truck after the first year's depreciation and multiply it by 50%.

For this specific question, additional information is required to perform the calculation. It is essential to provide the missing rate or to have information about the first year's depreciation to proceed with an accurate answer.


Related Questions

Your manager wants you to give her a paper copy of your first draft of a proposal for her to review. What spacing would you use, and why?

Answers

Double spacing, 12 pt. TImes Roman font. This is what most business papers and journals are written in
Final answer:

When preparing a paper copy of a first draft for a business proposal, use double spacing. This helps create a clean layout, improves readability, and provides space for review notes or corrections. Your proposal will be easier for your manager to read and review.

Explanation:

In business communication and specifically in preparing a draft of a proposal, it is generally recommended to use double spacing. This gives the document a neat appearance and makes it easier for the recipient, in this case, your manager, to make notes or corrections on the paper copy.

The reason behind this is that double spacing creates clear demarcations between sentences and paragraphs, making it easier for the reader to focus and comprehend the content. Furthermore, the extra space also provides sufficient room for annotations and additional notes that your manager may wish to add during the review.

So, when you are preparing your first draft of a proposal, remember to set your document to double spacing to aid the process of review and revision.

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A hurricane destroys 50% of the nation's oil refining capability. aggregate supply will

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It will decrease, if there is a war or other natural disaster.

What is a projection?

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An estimate or forecast of a future situation or trend based on a study of present ones

Since the introduction of medicare and medicaid in 1965, almost all federal health law has been aimed at ____ but without success

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Almost all federal health law has been aimed at reducing costs of federal healthcare. This means that other aspects of healthcare have been ignored, which in turn affects the overall cost of healthcare. Other aspects include the quality of the healthcare, as well as the ability to receive the healthcare (availability of the care).

Karen doesn’t like driving to the local bank branch, but doesn’t think that it is secure to do financial transactions on her phone. What is the best banking option for her?

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Online banking would be the best option for her (but is banking on her computer anymore secure than her phone?)

Answer: She should use online banking and only use her local bank when necessary.

Explanation:

Machine data makes up for more than ___% of the data accumulated by organizations.

Answers

The answer is more than 90%.
Machine-produced information or data is that which is consequently created by a PC procedure, application, or other instrument without the any intervention of a human and machine information is a standout among the most underused and underestimated resources of any association.
The Splunk stage utilizes machine information to address huge information, IT operations and for security purposes etc.

How can the fiscal policies of a country influence the finances of a single individual?

Answers

 " When the economy is tight with high unemployment and poor circulation of money: Policy can be changed to allow more government spending which stimulates employment and growth. During the great depression, congress wanted to cut spending to balance the budget. Nobody had any money to spend and the economy got worse. Finally FDR started some public work projects that got many people working. When people have jobs they spend money and that circulation is what has kept our country booming for mostly 70 years. "

Answer: it can provide employment from government projects for them.

Explanation: Hope this helps.

One of the first corporations to be established in America was _____. the Virginia Company Benjamin Franklin’s printing business the Old Grist Mill none of the above

Answers

'virginia company' hope i helped have a nice day

Answer:

The Virginia company

Explanation:

The Virginia company that originally originated from England, was founded in 1607 in America as a joint stock company that sell shares, to encourage settlement in Virginia . It is guided by the charter of Virginia . It allowed the King to enjoy the benefits of colonization , natural resources ,and new market for English goods.

The charter of Virginia delegates the power to leaders , governors and other officials to the company.It also have the responsibility to provide settlers and supplies for the business.

The main source of illumination used in three-point lighting is called the _____.

Answers

In three-point lighting, the main source of illumination is referred to as the Key Light. This is the primary instrument that shines light on the item, typically used in the case of photography along with a Fill light and a Back light.

An insurance company divides its customers into 2 groups. twenty percent of customersare in the high-risk group, and eighty percent are in the low-risk group. the high-riskcustomers make an average of 1 accident per year while the low-risk customers make anaverage of 0.1 accidents per year. eric had no accidents last year. what is the probabilitythat he is a high-risk driver?

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If Eric had no accidents than he would be classified as a low risk driver.

Jeffrey earned a gross income of $67,930 last year. He made $2,173.93 in student loan interest deductions, donated $2,824 to his favorite charities and paid $3,117.56 in home mortgage interest. Jeffrey claims a standard deduction of $11,400 for himself and his non-working spouse. If their exemption is $7,300, what is their taxable income?
a. $47,056.07
b. $52,514.51
c. $43,938.51
d. $41,114.51

Answers

b. $52,514.51. The $2,173.93 in student loan interest deductions, $2,824 to his favorite charities, and $3,117.56 in home mortgage interest are all tax deductible. However, only $7,300 is exempted from his taxes from the $11,400 they claimed for. Subtracting all this from $67,930, we get $52,514.51.

A track coach wants to test the effectiveness of a new training program for distance runners. he selects his two fastest runners and, using a coin flip, randomly chooses one to participate in the new program. the other will continue with the standard training regimen. he then picks the next two fastest runners and randomly assigns one to each program. he repeats this process with all his runners, choosing the two fastest remaining each time. he then compares race times within each group of two runners. what is the name for this kind of experimental design?

Answers

Answer: Matched pairs design Explanation: Matched pairs design is a special case of a randomized block design. It can be used when the experiment has only two treatment conditions; and subjects can be grouped into pairs, based on some blocking variable. Then, within each pair, subjects are randomly assigned to different treatments.
Final answer:

The experimental design used by the track coach in the question is called a Matched Pairs Design, in which similar experimental units are grouped together and then randomly assigned to different treatments.

Explanation:

The experimental design described in your question is called Matched Pairs Design. In a matched pairs design, similar experimental units are grouped into pairs. Within each pair, units are randomly assigned to different treatments. In this case, the track coach has grouped two fast runners together, then randomly assigned them to either the new or standard training program. Since race times are compared within each group, any differences in performance should be attributable to the different training programs, not differences in the runners' abilities. It's important to note that this design is not completely free of lurking variables. Factors such as nutrition, sleep, and motivation could still affect the race times.

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Which document puts you at the LEAST risk of identity theft? A Cash receipts B Pre-approved credit card offers C Old tax records D Paycheck stubs

Answers

Answer:

A Cash receipts

Explanation:

The receipt is the document that proves the payment of a certain amount of money, issued by the creditor (who receives), and addressed to the debtor (who pays).

There is no specific commercial regulation of the receipt, being the instructions of the Higher Banking Council and banking and commercial practices the additional rules of legal protection. According to these, the receipt is considered a trade effect with characteristics similar to the bill and the promissory note, being able to be endorsed and discounted whenever it is accepted.

The payment of the receipt is usually domiciled in a bank account, but it is also customary to collect at the address of the payer-released.

In the case of direct debit of the receipt, the written authorization of the debtor is necessary for the bank to charge or debit its payment. Once this entry has been made, the entity sends the receipt document to the debtor as proof of payment.

At the end of 2016, safer co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $25,000. on january 24, 2017, it is learned that the company's receivable from madonna inc. is not collectible and therefore management authorizes a write-off of $4,300.

Answers

Final answer:

Safer Co.'s accounts receivable and allowance for doubtful accounts are reduced by $4,300 following the recognition of an uncollectible receivable from Madonna Inc.

Explanation:

The student's question pertains to the practice of accounting for accounts receivable and the write-off procedure. At the end of 2016, Safer Co.'s total accounts receivable amount was $700,000, with an allowance for doubtful accounts of $25,000. However, in early 2017, it was discovered that the company's receivable from Madonna Inc. was uncollectable, necessitating a write-off of $4,300. This write-off is accomplished by reducing the accounts receivable and the allowance for doubtful accounts by $4,300, which modifies the company's financial statements.

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Final answer:

The inquiry involves an accounts receivable balance that begins at $700,000 and an allowance for doubtful accounts at $25,000. A noncollectable $4,300 receivable is written off, reducing both amounts to $695,700 and $20,700 respectively.

Explanation:

The company starts with an accounts receivable balance of $700,000 and an allowance for doubtful accounts of $25,000. When they identify that the receivable from Madonna Inc. of $4,300 is uncollectible, this amount is written off.

The write-off is applied to the allowance for doubtful accounts. This leaves a balance of $20,700 ($25,000 - $4,300) in the allowance for doubtful accounts. Meanwhile, the accounts receivable balance is reduced to $695,700 ($700,000 - $4,300), reflecting the amount that the company still expects to collect. The process of writing off an uncollectible account helps maintain accurate financial records.

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Any system that controls costs through closely monitoring the decisions of health care providers is known as

Answers

The answer is managed care. This is describe to a certain group in which they reduces the cost in regards of providing medical care in a way that they have also the ability of having their quality care to be improved.

Was the first nonsedating antihistamine drug; however, it has been taken off the market due to adverse effects when combined with certain other drugs.

Answers

Terfenadine was the first nonsedating antihistamine drug that was taken off the market due to adverse effects when combined with certain other drugs. Terfenadine was introduce to the market on 1985 by Hoechst Marion and Sanofi-Aventis which was formerly known as Roussel. It was in the market with different brand names such as Teldane in Australia, Triludan in the United Kingdom, and Seldane in the United States. It was taken off of the market on 1990 and was replaced by fexofenadine because serious cases of ventricular arrhythmias(abnormal heart rhythms that originate in the bottom chambers of the heart called the ventricles)  was diagnosed among those people whose taking the drug when combined to other drug with macrolide antibiotic and ketoconazole. 

In north america, mobile phones were first used primarily for m-commerce purposes.
a. True
b. False

Answers

The statement above is FALSE.
In North America, mobile phone were first used primarily for calling purpose. The first set of mobile phones produced has only the basic function of calling and receiving calls, it was later that other value additions were made to the phones.

Economics tells marketers that consumers' decisions are shaped by the total _____ their products offer.

Answers

Economics tells marketers that consumers' decisions are shaped by the total utility their products offer.

What is Economics?

Economics is the branch of the study that is directed towards the satisfaction of needs and wants of the human beings through the proper collection of the scares resources. It talks about the scarcity and the choice of the resources.

Utility is defined by economists as the level of satisfaction received from the use of an item or service. It is a product's utility or capacity to meet the demands or desires of the client. The strength of a requirement or desire determines utility.

Unsatisfied desires and requirements drive up product demand. Intense demands raise demand. The supply and demand law states that the higher the desire, the greater the price.

Therefore, it can be concluded that Goods with a high utility value are those that can provide solutions to client needs. They will always be preferred by customers.

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Answer:

utility

Explanation:

Erik has a five-dollar bill. He uses it to pay for a soda and a hamburger. What form of financial exchange is this?

Answers

If Erik is using a $5 in cash and buys soda and a burger, he's using a cash exchange for his purchase.
This purchase of product for a fixed amount.

I don't know your curriculum so i don't know if you are looking for  particular vocabulary or what.

I hope this helps.

What percent of u.s. businesses have some form of remote work program? 75 percent 25 percent 15 percent 35 percent 55 percent?

Answers

As the idea of remote work and freelancing has increased with the onset of the internet, many US businesses are now implementing a work remote program for their employees, which to date equals roughly 35 percent of all US businesses in utilizing this type of employment.

Which group of americans saw job opportunities expanded during wwii?

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Women were able to find more employment on the in America during WW2, as many jobs typically staffed by men were being vacated due to the increased need for manpower in the military.

What does the process of designing marketing channels start​ with?

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The journey of a manufactured goods from its raw materials to a consumer’s hands is its marketing channel. The initial step in scheming a marketing channel is recognizing what the target consumer necessitates. Getting this step right is critical, or you’ll wind up with a mound of unsold goods. Market research is a complicated industry, but with the correct implements and direction, you can make a high-demand good that essentially sells itself.

Type: Telephone interview

Select the best answer choice.
a.Rick James: Contacted via telephone, September 17, 1984
b.Telephone interview: conducted 17 September 1984. Rick James
c.James, Rick. Telephone Interview. 17 September 1984
d.James, Rick: interviewed 17 September 1984

Answers

The format to cite an interview is Last name, First name. Type of Interview. Day Month Year.

So, the answer is C. James, Rick. Telephone Interview. 17 September 1984.

Answer:

C

Explanation:

In an interview, the right format is: Last name, First name. Type of Interview. Day Month Year.

Thus, C is the right option;

James, Rick. Telephone Interview. 17 September 1984.

Cheers

What is a unit of sale?

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The typical average amount purchased by those on the mailing list. On a catalog source mailing list, this could be the average order size. I’m magazine sourced mailing list, this could be of average subscription price on a nonprofit source the mailing list this could be the average donation.

Answer:

you only really need to copy a little bit of that like two sentences

From 1965 to 2013, women went from 9 percent to _____ percent of u.s. medical students. 52 30 47 12

Answers

The answer to this question would be: 47%

In 1965, there are just 9% of women that taking medical program but in 2013 the amount is nearly same as the man. The increase is more intense before 1990 which was 40%. It would be 31% increase from 1965. The percentage of the total applicant and the accepted applicant is nearly same, so the increase is mostly done because there are more women applicant in later years.

Summarize what has caused a recent increase in the rate of extinction

Answers

The major cause of a recent increase in the rate of extinction is the encroachment of humans into the forests, cutting the forests for their own use and other human activities.
Human activities have disturbed the habitats of many animals such as birds, insects, wild animals, etc. Destruction of grasslands, forest areas for human purposes have actually destroyed the homes of millions of animals and birds. Forests have been cleared, water bodies have been polluted and soil has been mined. These activities have led to extinction of species. 



What is not a common tradition in courtly love literary pieces?
A: a man who suffers for love
B: a man being hit by an angel's arrow
C: a lady whose appearance is perfect
D: a man who must prove himself worthy

Answers

The correct answer would be B) or the second option.
I've never read any love novels with a man being hit by an angel's arrow before, but common traditions do in fact include A, C, and D.

B is the answer :)

When parker pens marketed a ballpoint pen in this market they attempted to translate the tag line: "it won't leak in your pocket and embarrass you." unfortunately, the translation actually read: "it won't leak in your pocket and make you pregnant."?

Answers

what is the question

Your textbook asserts _____________ and _______________ southerners had a direct interest in the peculiar institution.

Answers

One-in-four southerners were directly involved with slavery, whether by being slaveholders themselves or by being in the market for the goods produced by the slaves on the plantations. This made it economically in the south's interest to want to hold on to slaves and their labor.

Companies with strong safety cultures usually have lower

Answers

Companies with strong safety cultures usually have lower turnover.
Final answer:

Companies with strong safety cultures usually have lower industrial accidents caused by employee failure to follow instructions.

Explanation:

Companies with strong safety cultures usually have lower industrial accidents caused by employee failure to follow instructions. A safety engineer conducted a study and found that 35 percent of all industrial accidents in her plant were caused by failure of employees to follow instructions. This demonstrates the importance of promoting a strong safety culture in companies to prevent accidents and ensure employee health and safety.

Ignoring safety concerns to cut costs can lead to dire consequences, including workplace hazards that may result in accidents, injuries, or fatalities. It can also negatively impact a company's bottom line through expensive lawsuits, recalls, and damaged reputations. On the other hand, companies can mitigate risks by providing employees with meaningful work, positive feedback, and a secure work environment, leading to enhanced overall company performance.

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