Information for Heterogeneous Assets A, B, and C of Health

question 38

Essay

Information for heterogeneous assets A, B, and C of Health Clubs of America is provided below.The company uses composite depreciation for these assets.
$\begin{array}{llll}&&\text {Estimated Residual}&\text {Estimated}\\\text { Asset}&\text { Cost}&\text {Value}&\text { Life}\\\text { A } & \$ 100,000 & \$ 10,000 & 9 \text { yerrs } \\\text { B } & 60,000 & 4,000 & 8 \text { yers } \\\text { C } & 40,000 & 8,000 & 4 \text { years }\end{array}$ Required:
a. Calculate the composite depreciation rate.
b. Journalize the sale of Asset C for $\$ 28,000$ after two full years of use

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Definitions:

Pedagogic Violence

Is Bourdieu’s term for teachers’ application of punishments intended to discourage deviation from the dominant culture.

Hidden Curriculum

The tacit, unofficial teachings and values students pick up during their education, which are not part of the formal curriculum.

Cultural Capital

Non-financial social assets, such as education, intellect, style of speech, dress, or physical appearance, that promote social mobility beyond economic means.

Dominant Cultural Values

The core beliefs and principles that are widely accepted and upheld by the majority within a society or group.