The book value of the equipment is $14000
Given,
equipment cost = $20,000
depreciation amounts = $6,000
book value of the equipment = equipment cost - depreciation cost
= 20000 - 6000
= $14000
<h3>What Are Depreciation Expenses?</h3>
Depreciation expense, on the other hand, is the amortized portion of the cost of the business's fixed assets during a certain period. Depreciation expense is recognized in the income statement as a non-cash expense that reduces the net income or profit of the business. For accounting purposes, depreciation expense is debited and accumulated depreciation is credited.
Depreciation expenses are treated as non-cash expenses because periodic monthly amortization is not involved in cash transactions.
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Answer:
For part A
10.08x=y
Step-by-step explanation:
252/25=10.08
x=number of hours=25
y=how much earned=252
10.08(25)=252
Answer:
- Length = 43 inches
- Width = 12 inches
Step-by-step explanation:
Perimeter of a rectangle = 2 * ( L + W)
The length of a rectangle is 5 inches less than 4 times the width.
Assume the width is x. Length is:
4x - 5
Equation is therefore:
2 * (4x - 5 + x) = 110
4x - 5 + x = 110/2
5x - 5 = 55
5x = 55 + 5
x = 60/5
x = 12 inches
If width is 12 inches, then length is:
= 4x - 5
= 4 * 12 -5
= 43 inches
