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netineya [11]
2 years ago
9

Revision of Depreciation

Business
1 answer:
alexgriva [62]2 years ago
3 0
  1. The annual depreciation expense is $17,000.
  2. The book value at the end of the twentieth year of use is $425,000.
  3. The depreciation expense for each of the remaining 20 years is $20,000.
<h3>What is the annual depreciation expense?
</h3>

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

Annual depreciation = ($765,000 - $153,000) / 36 = $17,000

Book value in the 20th year = cost of the asset - accumulated depreciation

765,000 - (17,000 x 20) = $425,000

Depreciation expense for each of the 20 years = (book value - new residual value) / new useful life

(425,000 - $25,000) / 20 = $20,000

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

#SPJ1

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Despite the doctors gloomy prognosis when i entered the hospital, i was up and about "<span>in a matter of days".
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3 years ago
Stan, a salesperson for Trucks &amp; Autos, promises Uri a certain car will give him a "smooth ride." Stan offers a test drive,
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Answer:

C, none of the choices

Explanation:

from the qeustion, it can be seen that Uri was offered a test ride of the car but he clearly refused. For him to have bought that car without a test drive and later realise the car has a faulty suspenion, he cannot rescind the contract on any of the bases because if he had agreed to the test drive, he would have found out about the faukty suspension and woudn't have bought that car.

It is clearly Uri's fault that he ended up with a car that has a faulty susppension. this isn't a case of fraud or mistake on the part of Stan, neither did Stan unduely influence him to buy the car according to the question.

Cheers.

4 0
3 years ago
For most automobile manufacturers, what happens to the elasticity of supply over time?
Oksi-84 [34.3K]
For most automobile manufacturers, the elasticity of supply over time REMAINS THE SAME.
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3 0
3 years ago
Wagner Industrial Motors, which is currently operating at full capacity, has sales of $2,330, current assets of $670, current li
zimovet [89]

Answer: $81.85

Explanation:

Additional Equity financing needed = Projected Assets - Projected liabilities  - Projected increase in retained earnings - Current equity

Projected Assets = (Current Assets + Fixed Assets) * ( 1 + growth rate)

=  ( 670 + 1,520) * ( 1.10)

= $2,409

Projected Liabilities = 360 * 1.1

= $369

Projected Increase in Retained earnings

= Sales * ( 1 + growth rate ) * profit margin

= 2,330 * 1.10 * 5%

= $128.15

Current Equity = Assets - Liabilities

= 670 + 1,520 - 360

= $1,830

Additional Equity financing needed next year= 2,409 - 369 - 128.15 - 1,830

= $81.85

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2 years ago
Decision making at the margin means making a choice based on __________ of a decision.
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Answer:

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