on january 1, 2020, garden company purchased a new machine for $4,200,000. the new machine has an estimated useful life of nine years and the salvage value was estimated to be $150,000. depreciation was computed using the sum-of-the-years'-digits method. what amount should be shown in garden's balance sheet at december 31, 2021, net of accumulated depreciation, for this machine?

Answers

Answer 1

$3,210,000 should be shown in garden's balance sheet at December 31, 2021, net of accumulated depreciation, for this machine Depreciation.

Depreciation is the method of deducting the cost of a enterprise asset over a protracted time period, rather than over the route of one year. There are four primary strategies of depreciation: instantly line, double declining, sum of the years' digits and units of manufacturing.

Depreciation is a decrease within the e-book cost of fixed property. Depreciation entails loss of fee of assets due to the passage of time and obsolescence.

CALCULATION:

Expense for the year ended Dec. 31, 2025 which is the end of useful life is $90,000

Accumulated depreciation at December 31, 2021 = Cost of new machine - (Depreciation for year 2020 + Depreciation for year 2021)

= $4,200,000 - ($540,000 + $450,000)

= $4,200,000 - $9,90,000

= $3,210,000

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Related Questions

The term “By Returns” and a corresponding credit of $80 on a statement of account mean that a sum of $80 was:

a) Paid to the seller
b) Paid to the buyer
c) Added to the amount owing
d) Deducted from the amount owing

Answers

Answer:

d) Deducted from the amount owing

Explanation:

Returns refer to the goods previously sold to a customer, but the buyer has since rejected them and returned them to the seller. A buyer may reject goods due to various reasons, such as the goods being defective.

When a buyer rejects and returns goods, they are not expected to pay for them. The seller issues a credit note worth the goods returned. That amount is deducted from the invoice issued to the buyer.

A real estate professional leased a building for 10 years at an annual rent of $48,000. She will receive a commission of 7.5% for the first five years, 5% for the next three years, and 3.5% for the final two years. What will her gross income be from this commission over the life of the lease

Answers

Her gross income from this commission over the life of the lease is $28,560.

Commission for the first five years

Commission=5×(48,000× .075)

Commission=5×3600

Commission=$18,000

Commission for the next three years

Commission=3×(48,000 ×.05)

Commission=3×2,400

Commission=$7,200

Commission for the final two years

Commission=2×(48,000 ×.035)

Commission=2×1,680

Commission=$3,360

Gross income commission:

Gross income commission=$18,000+$7,200+$3,360

Gross income commission=$28,560

Inconclusion her gross income from this commission over the life of the lease is $28,560.

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Historical records regarding return on stocks, Treasury bonds, and Treasury bills between 1926 and 2005 show that

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Treasury bonds and Treasury payments among 1926 and 2012 display that inventory returns have been much less unstable than those of bonds and payments.

Treasury bonds pay a fixed charge of hobby each six months till they mature. they're issued in a term of 30 years. you can purchase Treasury bonds from us in Treasury Direct. you furthermore mght can purchase them via a bank or broker.

Treasury payments, which are money marketplace devices, are short term debt instruments issued by using the government of India and are presently issued in three tenors.

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True or False - Inflation must be considered when planning for retirement

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True - Inflation should be considered when planning for retirement. Inflation is the increase in the general level of prices of goods and services over a period of time.

The effects of inflation can be significant, especially over the long term, and can erode the purchasing power of savings and investments. This means that the same amount of money will buy fewer goods and services over time, leading to a decrease in the standard of living. When planning for retirement, it is important to consider the effects of inflation on the cost of living and the need for a retirement savings plan that will keep pace with inflation. Failure to account for inflation in retirement planning could result in a shortfall in savings, leading to a reduced standard of living during retirement.

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With regard to business definition, railroads may have lost business because they:

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With regard to business definition, railroads may have lost business because they defined their business too narrowly.

Railways are a safe land transport system whilst in comparison to different kinds of shipping. Railway transport is capable of excessive stages of passenger and load usage and strength performance however are frequently less flexible and more capital-intensive than avenue delivery when decreased site visitor levels are taken into consideration.

The Railroad become the first advanced in top-notch Britain. a person named George Stephenson efficaciously implemented the steam technology of the day and created the world's first hit locomotive.

The primary engines used in the United States of America had been bought from Stephenson Works in England.

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Select the response that corrects the capitalization error in the sentence below. I live in Kentwood, louisiana. a. i b. kentwood c. Louisiana Please select the best answer from the choices provided A B C

Answers

answer: c hope it helps!

Answer:

a) I

Explanation:

The letter I continues to be capitalized because it is the only single letter pronoun. Because the pronouns I and me have different uses, it's easy to distinguish between the two in terms of capitalization rules.

Which of the following demonstrates the real value of a company's marketing research and information system?
A) the amount of data it generates
B) the variety of contact methods it uses
C) the efficiency with which it implements the research plans
D) the quality of customer insights it provides
E) the sampling plan it follows

Answers

The quality of customer insights it provides demonstrates the real value of a company's marketing research and information system.

The actual value of marketing research and marketing records lies in how it's far used— within the customer insights that it provides. Customer insights sparkling understandings of customers and the marketplace derived from marketing data that become the premise for growing patron value and relationships.

The stairs include; outlining the trouble, developing a studies plan, data and facts series, examining records and record findings, and Taking action.

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Suppose the equilibrium price of a gallon of milk is​ $4. If the government imposes a price floor of​ $5 per gallon of​ milk, the.

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If the equilibrium price of a gallon of milk is $4 and if the government imposes a price floor of $5 per gallon then, the quantity supplied of milk will exceed the quantity demanded.

Price floor prevents a price from falling before a certain level. When a price floor is set above the equilibrium price, the quantity supplied will exceed quantity demanded, and excess supply or surpluses will result. On the other hand, when a price floor is set below the equilibrium price, quantity demanded will exceed quantity supplied and excess demand will result.

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which of the following is most accurate regarding investment companies? a. funds that perform well during specified periods tend to repeat that performance over subsequent periods. b. funds run by a group of managers tend to outperform single manager funds. c. index funds are formed to mimic a specified index with managerial leeway (flexibility) in the asset allocation decision. d. open-end funds are capable of issuing shares and redeeming shares on a daily basis.

Answers

The most accurate statement regarding investment companies among the open-end funds are capable of issuing shares and redeeming shares on a daily basis. The correct option is d.

Open-end funds, also known as mutual funds, allow investors to buy and sell shares at their net asset value (NAV) directly from the fund. The fund issues new shares when investors buy in and redeems shares when investors sell, making the number of outstanding shares flexible.

Option a is not always true, as past performance does not guarantee future results. Option b cannot be generalized, as the performance of a fund depends on various factors and not just the number of managers. Option c is partially correct; while index funds are designed to mimic a specified index, they do not typically have managerial leeway in asset allocation decisions, as the primary goal is to replicate the performance of the underlying index as closely as possible. The correct option is d. open-end funds are capable of issuing shares and redeeming shares on a daily basis.

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TRUE/FALSE. convergence is likely to continue at a fast pace and new media products will quickly become available

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This statement is False. While convergence in media and technology has been a significant trend in recent years, the pace of convergence and the availability of new media products may not continue at a fast pace universally.

Convergence refers to the integration and merging of different media platforms, technologies, and content. It has led to the development of new forms of media, such as streaming services, online platforms, and interactive digital content.

However, the pace of convergence can be influenced by various factors, including technological advancements, market dynamics, regulatory frameworks, and consumer behavior. It is not guaranteed that convergence will continue at a fast pace in all areas or that new media product will quickly become available. The rate of convergence may vary across different industries, regions, and specific market conditions.

While technological advancements and innovations are likely to drive further convergence in the future, the timing and extent of their impact can be unpredictable. It is important to assess the specific context and industry to determine the pace and trajectory of convergence and the availability of new media products.

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When a consumer has previous experience with a product or brand, it is likely the level of involvement would _______.a. decreaseb. become more complicatedc. increased. remain the same

Answers

The brand is considered to have negative brand equity if customers are willing to pay more for a generic product than for a branded one.

What does consumer decision-making process evaluation of alternatives entail?

In order to make decisions during the evaluation of options, consumers frequently use their evoke, inept, and insert sets. Consumers' "evoked set," or the brands and goods they contrast, is an illustration of the potential solutions they are taking into account.

In terms of decision-making, what is an alternative?

Among the options for action, an alternative is one. We cannot make a decision without options. A good option is one that is: (1) under our power, (2) notably different, (3) possibly alluring, and (4) attainable.

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why are payments through checks and/or electronic fund transfers (efts) the best method for expenses that are not incidental?

Answers

A computerised cash transfer method that doesn't electronic fund transfer require checks, cash, or other paper documentation to transfer money. A memorandum serves as the source document.

The electronic movement of funds between bank accounts via computer-based systems, whether within a single financial institution or between different institutions, without the direct involvement of bank staff is known as an electronic funds transfer (EFT).According to the United States Electronic Fund Transfer Act of 1978, it is "a funds transfer initiated through an electronic terminal, telephone, computer (including online banking), or magnetic tape for the purpose of ordering, instructing, or authorising a financial institution to debit or credit a consumer's account." EFT transactions go under several names in various countries and payment systems.

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what is the balloon car project?

Answers

Kinetic energy is the energy an object possesses due to its stir. A moving auto pushed by a balloon consumes kinetic energy.

However, when driving your auto down the ramp from the top of the ramp, the bare lifting adds some retired energy. When released, the energy turns into kinetic energy and the auto keeps going until there's enough to move it.

The kinetic energy of an object is the energy it possesses due to its motion. It's defined as the work needed to accelerate a body of a given mass from rest to steady state.

When a balloon is inflated, it stores compressed air and stretched rubber as implicit energy. When you deflate the balloon, the idle energy is converted into kinetic energy; is the kinetic energy, so the auto is in stir.

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Current assets include a.cash and assets that will be converted into cash or consumed within either one year or the normal operating cycle of the business, whichever is longer. b.plant assets. c.assets that are expected to serve the business for many years. d.cash and assets that will be converted into cash or consumed within either one year or the normal operating cycle of the business, whichever is shorter.

Answers

Answer:

d.cash and assets that will be converted into cash or consumed within either one year or the normal operating cycle of the business, whichever is shorter.

Explanation:

Gen Corp. is expected to pay a dividend of $3.00 per year indefinitely. The appropriate rate of return on this stock is 11 percent per year, and the stock consistently goes exdividend 35 days before dividend payment date. What will be the expected minimum price in light of the dividend payment logistics? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.) What will be the expected maximum price in light of the dividend payment logistics? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.)

Answers

the expected maximum price is $2.72 + $3 = $5.72 (approximately).Hence, the expected minimum price is $2.72 and the expected maximum price is $5.72.

Given that Gen Corp is expected to pay a dividend of $3.00 per year indefinitely. The appropriate rate of return on this stock is 11% per year, and the stock consistently goes ex-dividend 35 days before dividend payment date. We need to determine the expected minimum and maximum price in light of the dividend payment logistics.Expected minimum priceThe ex-dividend date is the first day on which the seller, rather than the buyer, of a share will be entitled to a dividend payment, and this date is usually set two business days before the record date. The dividend payment date is the day when shareholders receive dividend payments.

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Midyear on july 31st, the chester corporation's balance sheet reported: total assets of $124.287 million total common stock of $3.810 million cash of $6.030 million retained earnings of $26.732 million. what were the chester corporation's total liabilitie

Answers

The total liabilities of the Chester corporations as on July 31st will be $99,775.

What are total liabilities?

The amount of payments which are yet to be made, but are accrued by the receiver. The total liabilities are the calculation of total assets less equities and capitals of such firm.

Using the given information in the formula below, we get,

\(\rm Total\ Liabilities\ = Total\ Assets\ -\ Total\ Equities\\\\\rm Total\ Liabilities\ = 130317\ -\ 30542\\\\\rm Total\ Liabilities\ =\$99,775\)

Thus, the total liabilities of Chester Corporation is computed as $99,775.

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Which of the following scenarios describes an error in netiquette? (5 points)
Ahmed keeps his email and text exchanges with his coworkers professional, even though he likes to use off color humor at times with friends.

Jamie writes an email to his colleagues and before sending takes an extra fifteen minutes to carefully proof spelling and grammar.

Marina allows herself to be more honest and straightforward in her written correspondence than she would in her face-to-face interactions.

Shonda receives an email from a colleague complaining about one of their coworkers and deletes it promptly without sharing it with others. ​

Answers

The scenarios that describes an error in netiquette is option D. Shonda receives an e.mail from a colleague complaining about one of their co- workers and deletes it promptly without sharing it with others. Netiquette is a set of informal rules for good behavior and politeness followed by users of online such as the Internet, email.

Netiquette is gotten from the word "etiquette," which means the general rules or conventions of correct and polite behaviour in social settings and situations. It is therefore the act of exercising polite and considerate behaviour in online contexts, such as Internet discussion boards and personal email.

What is politeness?

Politeness is the practical application of good manners or etiquette so as not to offend others. Politeness is a culturally defined phenomenon, and therefore what is considered polite in one culture can sometimes be quite rude or simply eccentric in another cultural context.

Therefore, the correct answer is as given above

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What kind of skill is persuasion?

soft skill
hard skill
neutral skill
high skill

Answers

Answer:

Persuasion is convincing others to change their point of view, agree to a commitment, purchase a product or service, or take a course of action. Oral and written persuasive skills are valued in the workplace. Sales is the most obvious form of persuasion, but this skill is used in many other positions as well.

Explanation:

what is the role of the national association of college and university business officers in providing guidance in the reporting of colleges and universities

Answers

The role of the national association of college and university business officers in providing guidance in the reporting of colleges and universities is to provide its members with professional development opportunities, networking, advocacy, and guidance on best practices in higher education administration.

The National Association of College and University Business Officers (NACUBO) is a non-profit professional organization dedicated to serving chief business and financial officers in higher education. NACUBO provides its members with professional development opportunities, networking, advocacy, and guidance on best practices in higher education administration. The following are some of NACUBO's roles:

1. To provide guidance in the reporting of colleges and universities.

2. To promote sound management and financial practices.

3. To act as an advocate for higher education on Capitol Hill and with the public at large.

4. To provide research and information on trends in higher education and their implications for business and financial management.

5. To offer professional development opportunities and networking.

6. To establish standards and best practices in higher education administration, including financial management, budgeting, and reporting.

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The market system depends on private property and the protection of property rights to.

Answers

The market system meant for protection of property rights and also : Provide an incentive to maintain property and allow for the orderly transfer of property ownership.

What is market system?

The market system is a system that allows free trade of goods and services. This means that both business, producers and consumers have equal share in a market system.

In a market system, the production of goods and services are set according to the changing desires and abilities of the market forces.

Therefore, the market system depends on private property and the protection of property rights to provide an incentive to maintain property and allow for the orderly transfer of property ownership.

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Appleville is a village that specializes in all forms of apple products. Suppose that each winter, when no apples are being produced, aggregate output falls below the long-run equilibrium output level. What type of fiscal policy might be most effective in correcting this problem

Answers

The type of fiscal policy which might be most effective in correcting this problem is:

C) Increasing government spending in order to increase aggregate demand.

According to the given question, we are asked to state the  type of fiscal policy which might be most effective in correcting this problem of the village  which loses its aggregate output.

As a result of this, we can see that the fiscal policy which can solve this problem is by increasing the government spending so that the aggregate demand would be increased.

Therefore, the correct answer is option C

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Which of the following best describes intellectual property theft?
A. Stealing money from a cash register
a
B. Stealing ideas, information, or creative products
C. Stealing supplies from your employer
D. Stealing music CDs from a store

Answers

Answer:

stealing ideas,information, or creative products

Explanation:

Answer:

B. Stealing ideas, information, or creative products

Explanation:

mention one Islamic song and recitation​

Answers

Answer:

islamic song: SURAH AL IMRAN HOLY QURAN,  BEAUTIFUL HOLY QURAN

I hope it helps you

Evidence shows that executives in the acquiring firm have a hard time keeping their hands off the acquired firm for which merger strategy?

Answers

Evidence shows that executives in the acquiring firm have a hard time keeping their hands off the acquired firm for the diversification merger strategy.


In a diversification merger strategy, the acquiring firm aims to enter new markets or industries that are different from its current operations. This type of merger allows the acquiring firm to expand its business and reduce risk by diversifying its revenue sources.

However, evidence suggests that executives in the acquiring firm often struggle to resist the temptation of getting involved in the day-to-day operations of the acquired firm. They may try to impose their own management practices, make unnecessary changes, or interfere with the autonomy of the acquired firm. This behavior can lead to conflicts and challenges in integrating the two organizations successfully.

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What payment method do you think is the most practical?
A. Pay with 15 year mortgage
B. Pay with cash
C. Pay with 30 year mortgage
D. Rent
E. All of the above can be practical depending on your situation

Answers

Answer:

E

Explanation:

All of the above can be practical depending on your situation

Answer:

E no is the answer of your question.....

Which of the following choices incur speculative risk?

a.stocks

b.fire insurance on a house

c.options

d.life insurance


e.high interest savings account

Answers

Answer: correct option is A.

Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.

Stocks incur speculative risk. Therefore option A is correct.

What are Stocks?

A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.

Common stock and preferred stock are the two primary categories of stocks.

Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.

Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.

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bonds are a form of interest-bearing notes payable. true false

Answers

True. Bonds are a type of interest-bearing notes payable that are issued by corporations, governments, and other organizations as a way to raise funds.

When an organization issues bonds, it essentially borrows money from investors who purchase the bonds. In exchange for lending their money, investors receive regular interest payments over the life of the bond, and the principal amount is repaid at maturity.

Bonds are generally considered to be less risky than stocks because they typically offer a fixed rate of return and have a stated maturity date. Moreover, bonds can be traded on financial markets, which makes them a popular investment option for individuals and institutions alike. Overall, bonds are an important financial instrument that enable organizations to raise capital while also allowing investors to earn a steady stream of income from their investments.

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Which industries employ the largest number of people in the United States?

Answers

The education and health services industry employed the largest number of people in the United States.

The education and health sectors are important pillars of the US economy. The health sector was instrumental in the post-2008 economic recovery. Employment growth here is about seven times that of the overall economy.The growth is driven by an aging population and increase in lifestyle diseases.

The emergence of online education has also added significantly to the growth in jobs in the education industry. In 2021, these industries employed about 35 million people. These sectors also receive the highest public investment. But there are significant problems here. This includes the continuing gender pay gap.

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What does indigenous technology mean?​

Answers

Answer: I hope this is helpful mark brainlist if right then no if wrong

Explanation:

Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.

_____, in e-commerce, means all market participants can trade at the same price.

Answers

Price transparency, in e-commerce, indicates that all traders can transact at the same cost.

E-commerce is the electronic buying or selling of things over the Internet utilising online services. Mobile commerce, electronic money transfers, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data gathering systems are just a few of the technologies that are used in e-commerce.

The price transparency in e-commerce helps consumer to get products in the range of their budget.

The ease with which customers may get comprehensive pricing and market information about various items is referred to as price transparency. It helps customers to assess prices and make wise decisions. As a result, it is a key element influencing market efficiency.

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