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expeople1 [14]
2 years ago
15

The amount of the average investment for a proposed investment of $191,000 in a fixed asset with a useful life of 4 years, strai

ght-line depreciation, no residual value, and an expected total income of $30,300 for the 4 years is a.$47,750 b.$7,575 c.$30,300 d.$95,500
Business
1 answer:
sineoko [7]2 years ago
6 0

$30300
Annual depreciation = (purchase price - salvage value) / useful life
Straight line depreciation = Annual depreciation / (purchase price -salvage value)
The steps in calculating a straight line depreciation are:
Find out how much the asset costs.
To determine the entire depreciable amount, deduct the asset's estimated salvage value from the asset's purchase price.
Find out how long the item will be useful.
To calculate the annual depreciation amount, multiply the total from steps (2) and (3) by the figure determined in steps (3).
i.e, = $191000-$30300 = $160700
an asset with a useful life of 4 =$160700/4 =$40 175
so the straight-line depreciation rate is at 4.7%
In 4 years Straightline depreciation will be $30300
To learn more about Straight line depreciation please refer to-
brainly.com/question/11974283
#SPJ4

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An increase of $2,500

Explanation:

During cash-basis accounting method, all income and expenses that results to ACTUAL CASH INFLOW and OUTFLOW will be recorded. Thus, those income and expenses that applies for the period will not be recorded yet as long as there is no actual cash outflow. And all income made on account for the period will not be recognized unless there is an actual collection. Based on the stated facts, Sussman Co.,recorded $1,900 sales instead of the actual sales of $5,600 using accrual basis and has never been recorded the expenses incurred in the accrued salaries.

So, $5,600 less $1,900 cash collection which already have recorded on cash basis method, there will be an additional sales to be recorded at $3,700 less the salaries expense already incurred but not yet paid of $1,200. There will be an additional income of $2,500 after restatement.

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3 years ago
Neve Commercial Bank is the only bank in the town of York, Pennsylvania. On a typical Friday, an average of 10 customers per hou
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6 0
3 years ago
An unfavorable balance of trade occurs when the value of.
zloy xaker [14]

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<h3>What is an import?</h3>

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8 0
2 years ago
A significant improvement in auto technology will: A. Shift the supply of cars out and to right, decreasing the equilibrium pric
Y_Kistochka [10]

Answer:

A. Shift the supply of cars out and to right, decreasing the equilibrium price of cars, but increasing the equilibrium quantity.

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The effect of technology on supply is that it will shift supply to the right. As cost of production reduces, producers can have more output at the same cost.

There will be excess supply (surplus), so customers will pay less for the product.

The equilibrium quantity will also increase as more cars are available in the market.

This is illustrated in the attached diagram. Equillibrum price reduces from P1 to P2. The equillibrum quantity increases from Q1 to Q2.

Government can influence cost of production through taxes, regulations and subsidies. Therefore they also influence shift of supply curve.

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3 years ago
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