1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elanso [62]
1 year ago
8

Depreciation by Two Methods

Business
1 answer:
lesya [120]1 year ago
3 0

The amount of annual depreciation by the straight-line method is $18,800.

<h3>Annual depreciation</h3>

a.  Annual depreciation

Annual depreciation=[($80,000 - $4,800) ÷ 4]

Annual depreciation=$18,800

b. Annual depreciation

Year 1 Annual depreciation= 10% × $80,000

Year 1 Annual depreciation = $8,000

Year 2 Annual depreciation= 10% × ($75,000 - $7,500)

Year 2 Annual depreciation = $7,520

Therefore the amount of annual depreciation by the straight-line method is $18,800.

Learn more about annual depreciation here:brainly.com/question/16448059

brainly.com/question/24213593

#SPJ1

You might be interested in
Indicate whether the above items should be disclosed (A) in the summary of significant accounting policies note, (B) in a separa
Drupady [299]

Answer:

(A) in the summary of significant accounting policies.

Explanation:

It has the company's financial statements and also describes the key policies that are being followed by the accounting department. This policy summary is mandated by the accounting framework like IFRS or GAAP.

6 0
3 years ago
Firms require capital to invest in productive opportunities. The best firms with the most profitable opportunities can attract c
Arturiano [62]

Answer:

Interest rate

Explanation:

Firms require capital to invest in productive opportunities. The best firms with the most profitable opportunities can attract capital away from inefficient firms with less profitable opportunities. Investors supply firms with capital at a cost called the <u>Interest rate</u>. The interest rate that investors require is determined by several factors, including the availability of production opportunities, the time preference for current consumption, risk, and inflation.

7 0
3 years ago
Brittany and Brandon are both charged $250 for an office visit to the same specialist. Brittany's reimbursement policy has a ded
Contact [7]

Answer:

b) Brittany will pay more because she must pay the entire bill since she has not met her deductible while Brandon will have part of his bill paid by his policy.

Explanation:

since Brandon only $150 as the maximum amount his plan provides for a visit to any specialist, Brittany will have to pay more since Once she has met the deductible, the policy will cover the full cost of her visits.

7 0
3 years ago
hums 202 Which of the following describes a consumer installment loan? A. A loan you get based on the tax refund that you expect
umka2103 [35]

Answer:

B. A loan that is repaid in equal monthly payments for a specific period of time, usually several years.

C. A loan where you have to promise to give the bank your assets if you do not repay the loan.

Explanation:

A Consumer installment loan is also known as a closed end credit. It is a form of loan whereby the consumers are expected to pay back in a regular manner usually monthly over a period of time which could span between one to  about forty years.

The loan is given based on how credit worthy the consumer is. Failure to pay back the loan after the stipulated time frame would result to the seizure of the consumer's property or assets by the lending institution. The lending institution could be a bank. A mortgage loan, and a car loan are examples of consumer installment loans.

6 0
3 years ago
Which services are bannks most liikly to offer
gregori [183]

Answer:

checking accounts, saving accounts, certificates of deposit, and loans.

Explanation:

4 0
3 years ago
Other questions:
  • Vladimir is a manager at Auttowort Inc., an automotive plant in the United States. Auttowort has started expanding to other coun
    5·1 answer
  • ​"a special arrangement of machinery and equipment to focus on production of a single product or group of related​ products" des
    8·1 answer
  • The following items were among those reported on Lee Co.'s Income Statement for the year ended December 31, 20x5:
    11·1 answer
  • . Economic stability is a situation in which the economy experiences constant and low . True or False
    10·2 answers
  • In an econometric model, the dependent variable is Group of answer choices unrelated to the independent variables. the behavior
    12·1 answer
  • If you are gonna make a product what would it be and why? (true situation)
    7·2 answers
  • Aziz company sells two types of products, Baste and Deluxe . The company provides technical support for users of its products at
    7·1 answer
  • Parking Reading Quiz
    5·1 answer
  • Why has it become more difficult for teens to find part-time and summer work
    11·2 answers
  • A company has a fiscal year-end of December 31: (1) on October 1, $32,000 was paid for a one-year fire insurance policy; (2) on
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!