University Car Wash built a deluxe car wash across the street from campus. The new machines cost $210,000 including installation. The company estimates that the equipment will have a residual value of $19,500. University Car Wash also estimates it will use the machine for six years or about 12,500 total hours. Actual use per year was as follows:
Year Hours Used
1 3,100
2 1,100
3 1,200
4 2,800
5 2,600
6 1,700
Prepare a depreciation schedule for six years using the double-declining-balance method.
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Ответ:
Explanation:
Depreciation is the rate of the loss in value or decline of an asset over time until it reaches its salvage point where it is written off the books.
It is calculated either through the Straight Line Declining Balance method
(SLDB) or the Double declining balance method (DDB).
The DDB method (or accelerated depreciation) is twice the rate of depreciation of the SLDB.
Mathematically,
DDB = 2 x SLBR x NBV
where SLBR is the rate of depreciation using the straight line method = (100% / lifetime of asset)
NBV is the Net Book Value of the asset
From the question, after year 1,
Car Wash value = NBV - Depreciation
= $210,000 - (33.33% of $210,000)
=$210,000 - $70,000
= $140,000
Subsequent years would be
Year 2 = $140,000 - (33.33% x $140,000) = $93,333.33
Year 3 = $93,333 - (33.33% x $93,333) = $62,228
Year 4 = $62,228 - (33.33% x $62,222) = $ 41,481.3334
Year 5 = $41,481.3384 - ( 33.33% x $41,481) = $27,659.286
Year 6 = $27,659.286 - (33.33% x $27,659.286) = $18,440.156
In summary,
Year Initial book value Depreciation Actual Depreciation Net Book Value
1 $210,000 33.33% $70,000 $140,000
2 $174,000 33.33% $46,662 $93,338
3 $93,338 33.33% $31,109 $62,228
4 $62228 33.33% $20,740 $41,487.
5 $41,487 33,33% $13,827 $27,659
6 $27,659 33.33% $9,218 $18,440
Ответ:
The correct answer is B
Explanation:
Insubordination is the term which is defined as the employee intentional refusal to obey of the reasonable and lawful orders of the employer. And such kind of refusal could undermine the supervisor level of ability and respect to manage.
So, Insubordination is the example of misconduct and lead to termination on the first offense as when employee disobeys the orders or lies with the management or steals something from company is the serious offense.