Anаlyzing аnd Assessing Reseаrch and Develоpment Expenses Agilent Technоlоgies, Inc., the high-tech spin-off from HP, Inc., reports the following operating profit for 2020 in its 10-K ($ millions): Net revenue Products $3,993 Services and other 1,346 Total net revenue 5,339 Costs and expenses Cost of products 1,796 Cost of services and other 706 Total costs 2,502 Research and development 495 Selling, general and administrative 1,496 Total costs and expenses 4,493 Income from operations $846 Required What percentage of its total net revenue is Agilent spending on research and development? Round to one decimal place (i.e., 0.2646 = 26.5%). {#1}%
Cоmputing Dоuble-Declining-Bаlаnce DepreciаtiоnDeFond Company purchased equipment for $70,000. For each of the following sets of assumptions, prepare a depreciation schedule (all years) for this equipment assuming that DeFond uses the double-declining-balance depreciation method. Useful life Residual Value a. Four years $11,200 b. Five years $4,200 c. Ten years $1,400 Assume that DeFond does not elect to switch to the straight-line method during the life of the equipment. Round answers to the nearest whole number. Use rounded answers for subsequent calculations. Four Years Five Years Ten Years a. Year Book Value Depreciation Expense 1 ${#1} ${#2} 2 {#3} {#4} 3 {#5} {#6} 4 {#7} {#8} b. Year Book Value Depreciation Expense 1 ${#9} ${#10} 2 {#11} {#12} 3 {#13} {#14} 4 {#15} {#16} 5 {#17} {#18} c. Year Book Value Depreciation Expense 1 ${#19} ${#20} 2 {#21} {#22} 3 {#23} {#24} 4 {#25} {#26} 5 {#27} {#28} 6 {#29} {#30} 7 {#31} {#32} 8 {#33} {#34} 9 {#35} {#36} 10 {#37} {#38}
Cоmputing Depreciаtiоn аnd Accоunting for а Change of EstimateIn January, Rankine Company paid $10,200,000 for land and a building. An appraisal estimated that the land had a fair value of $3,000,000 and the building was worth $7,200,000. Rankine estimated that the useful life of the building was 30 years, with no residual value. a. Calculate annual depreciation expense using the straight-line method. ${#1} b. Calculate depreciation for the first and second year using the double-declining-balance method. Round to the nearest whole dollar amount. Use rounded answers in subsequestion calculations. Year 1 ${#2} Year 2 ${#3} c. Assume that in the third year, Rankine changed its estimate of the useful life of the building to 25 years. If the company is using the double-declining-balance method of depreciation, what amount of depreciation expense would Rankine record in the third year? Do not round until your final answer. Round answer to the nearest whole number. ${#4}