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mezya [45]
3 years ago
11

Swifty Corporation purchased a new machine on October 1, 2022, at a cost of $115,000. The company estimated that the machine wil

l have a salvage value of $10,500. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Compute the depreciation expense under straight-line method for 2022. 2022 Depreciation expense $enter depreciation expense amount in dollar
Business
1 answer:
stiks02 [169]3 years ago
8 0

The depreciation expense under straight-line method for 2022 is $5225.

<h3>What is the depreciation expense?</h3>

The straight-line depreciation allocates the depreciation expense evenly over the useful life of an asset.

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

(115,000 - $10,500) / 5 = $20,900

Depreciation expense in 2022 = 3/12 x 20,900  = $5225

To learn more about straight line depreciation, please check: brainly.com/question/6982430

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​________ decreases a​ firm's capital stock and​ ________ increases its capital stock.
photoshop1234 [79]
<span>Saving decreases a​ firm's capital stock and​ investment increases its capital stock.

When a company isn't giving out many shares or allowing a person to invest in the companies shares, there is a decrease in the firm's capital stock. In this case, the firm is saving the amount of shares they are allowing to be purchased. When investors are able to invest in the company, there is an increase in capital stock. 


</span>
6 0
3 years ago
An insurance policy sells for $1000. Based on past data, an average of 1 in 50 policyholders will file a $10,000 claim, an avera
Zolol [24]

Answer:

Expected value = $550

Explanation:

Expected value = Sales price of policy - policy holder price - Average policy payment - expected claim

Expected value = 1,000 - 10,000[1/250] - 25,000[1/100] - 60,000[1/250]

Expected value = 1,000 - 40 - 250 - 240

Expected value = 1,000 - 450

Expected value = $550

7 0
3 years ago
On 12/31/2015, Heaton Industries Inc. reported retained earnings of $675,000 on its balance sheet, and it reported that it had $
Sergio [31]

Answer:

Heaton paid a total of $52,500 as dividend during 2015

Explanation:

Dividends in 2015 = Previous year retained earnings - Current year retained earnings + Current year net income

Dividends in 2015 = 555,000 - 675,000 + 172,500

Dividends in 2015 = $52,500

Heaton paid a total of $52,500 as dividend during 2015

7 0
3 years ago
Radio frequency identification tags are multiple choice demand scheduling data tags. shipping tags used to record weight limits
JulsSmile [24]

Answer:

Tiny computer chips that transmit information about the contents of containers.

Explanation:

Radio frequency identification tags refer to tiny chips that utilize electromagnetic fields so as to automatically trace and identify tags attached with objects.

The technology uses radio waves so as to read or capture stored details of a tag attached with an object.

A tag is capable of being read even while away by several feets.

Radio frequency tags are of two kinds, passive and battery powered. While a passive tag uses radio wave energy so as to relay the stored details back to interrogator.

Whereas a battery powered tag includes an embedded battery which powers such relay of details.

3 0
3 years ago
N the knowledge economy, if a large portion of company value is in intellectual and human assets, the difference between the mar
Stells [14]

It will be expected that the difference between a company's market value and book value should <u>be larger than</u> a company with mostly physical and financial assets if the large portion of company value is in intellectual and human assets.

<h3>What is an intellectual/human assets?</h3>

These are asset possessed by a firm that ranges from human capital, information capital, brand awareness, instructional capital etc.

These are assets that can be improved when a firm hires better employees, conduct training programs, develops new patents etc

In conclusion, since the large portion of company value is in intellectual and human assets, then, the market/book value would be larger than a company with mostly physical/financial assets.

Read more about assets

<em>brainly.com/question/25504767</em>

7 0
3 years ago
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