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Answer:
The depreciation expense for 2015 is $2,000
Explanation:
The computation of the depreciation expense is shown below:
= (Original cost - residual value) ÷ useful life
= ($35,500 - $4,000) ÷ 7 years
= 4,500
The depreciation for three years would be
= 4,500 × 3 years
= $13,500
The remaining amount would be
= $35,500 - $13,500
= $22,000
So, the depreciation expense for 2015 would be
= ($22,000 - $4,000) ÷ 9 years
= 2,000
It will take me at least or approximately 7 months to accumulate a balance of $1000 in my account
Answer:
10.0 years
Explanation:
The computation of the payback period is shown below
We know that
Payback period = initial cost ÷ increase in net income
= $30,000 ÷ $3,000
= 10 years
As the depreciation expense is a non-cash expense so we dont considered it
Therefore the first option is correct
Answer: 180%
Explanation:
Return on investment = (operating income/sales) x (sales/total assets)
=> operating income / total assets
given Operating income=1,800,000
Total assets.1,000,000
Current liabilities.=810,000
Return on investment=1,800,000/1,000,00=1.8 X 100= 180%
