The cost of an asset is $10,000,000, and its residual value is $100,000. Estimated useful life of the asset is four years. Prepare the schedule of depreciation using the double-declining-balance method of accounting
What will be an ideal response
Depreciation for the year
DDB Depreciation Accumulated Book
Year Asset cost Book value Rate expense depreciation value
0 $10,000,000 $10,000,000
1 $10,000,000 2 x 1/4 $5,000,000 $5,000,000 5,000,000
2 $5,000,000 2 x 1/4 2,500,000 7,500,000 2,500,000
3 $2,500,000 2 x 1/4 1,250,000 8,750,000 1,250,000
4 1,250,000 1,150,000* 9,900,000 100,000
*(1,250,000 - $100,000 )
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Boutique hotels are the perfect hotels for people who are tired of traditional cookie-cutter hotels that all look alike. One boutique hotel chain calls its staff its cast and has them wear fashionable solid black outfits. Its corridors are softly lit, and suite doors are arches lit with recessed blue lighting. Its lobby has a ceiling-to-floor water wall. What is the promotional strategy for this boutique hotel?
a. to separate the point of production from the point of service consumption b. to create a strong organizational image c. to use personal information sources d. to stress intangible cues
The purchase of treasury stock is a source of cash from financing activities
Indicate whether the statement is true or false.