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
kotykmax [81]
1 year ago
13

A photocopier cost $105,000 when new and has accumulated depreciation of $96,000. if the business discards this plant asset, the

result is ________.
Business
1 answer:
Ahat [919]1 year ago
4 0

A photocopier cost $105,000 when new and has accumulated depreciation of $96,000. if the business discards this plant asset, the result is a loss of 9,000.

During the asset's anticipated useful life, depreciation is allocated in order to charge a fair percentage of the depreciable amount in each accounting period. Amortization of assets with predetermined useful lives is included in depreciation. Depreciation enables businesses to recoup the cost of an item at the time of acquisition. Instead of collecting the full cost of an asset right away, the technique enables businesses to do so during the asset's lifecycle. This enables businesses to replace current assets with the necessary quantity of revenue in the future.

Subtract the asset's cost from its salvage value (what you anticipate it to be worth at the end of its useful life) to determine depreciation using the straight-line technique. The outcome is the amount or depreciable basis.

Depreciation = asset's cost - salvage value

Depreciation = $105,000 - $96,000

Depreciation = $9,000

To know more about Depreciation refer to:  brainly.com/question/15085226

#SPJ4

You might be interested in
Jill wins a lawsuit against Terry in the Wyoming state court. The court passes a judgment for Terry to pay $20,000 to Jill. Imme
nadezda [96]

File a lawsuit against terry in a Colorado state court to enforce the Wyoming court judgement is the best course of action for Jill.

Explanation:

A complaint shall be applied to the Tribunal, which shall state how the incident happened and which the claims were filed.  This document will then be used to initiate legal proceedings by the defendant(s).  

A lawyer shall be recruited to react with a report entitled Answer by the accused's liability assurance company.  Often you can hear people talking about a complaint about the "parties."  The candidates to the suit are the "claimant" and the "accused," the plaintiff being the wounded claimant. The accused are the persons or companies charged.

7 0
3 years ago
The standard predetermined overhead rate used in setting the standard overhead cost is determined by dividing Group of answer ch
Molodets [167]

Answer: budgeted overhead costs by an expected standard activity index.

Explanation:

It should be noted that the predetermined overhead rate is typically calculated at the beginning of an accounting period. It is gotten when the estimated manufacturing overhead is divided by estimated activity base.

The standard predetermined overhead rate used in setting the standard overhead cost is determined by dividing budgeted overhead costs by the expected standard activity index. Therefore, the correct option is A.

8 0
3 years ago
The sum of two numbers is 62 and their difference is 16.what is the larger of the two numbers?
Furkat [3]

The larger number is 39.

8 0
4 years ago
Suppose the country of Lilliput exported $205 billion worth of goods and imported $449 billion worth of goods in the last calend
mart [117]

Lilliput's net exports are ($244 billion).  Therefore, Lilliput is running a trade deficit of $244 billion.

A trade surplus implies that Lilliput's exports are greater in value than its imports. A situation of <em>"neither a trade deficit nor a trade surplus"</em> exists when the exports are equal in value to the country's imports.

Data and Calculations:

Lilliput's exports = $205 billion

Lilliput's imports = $449 billion

Net exports for Lilliput = ($244 billion)

Thus, Lilliput is running a trade deficit of $244 billion because its imports <em>are worth more than its </em><em>exports.</em>

Learn more: brainly.com/question/25520478

4 0
3 years ago
Which of the following describes the mission of an organization? a. Who are we? Who will we become? b. What do we stand for and
Llana [10]

Answer:

a. Who are we? Who will we become?

Explanation:

In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.

Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan. The components of a business strategy includes the following;

I. Value.

II. Vision.

III. Mission.

A mission statement is typically a description of the overall goal or purpose for which an organization was established and what it hopes to achieve in the future.

Hence, the question of Who are we? and Who will we become? describes the mission of an organization.

6 0
3 years ago
Other questions:
  • Give Three ways in which new technology has effected service industries in recent years.
    6·1 answer
  • Which of the following statements exemplifies the importance of managerial skills?(A) Technical skills are most important after
    15·1 answer
  • Please Help!!!
    8·1 answer
  • How does a high unemployment rate affect the economy
    7·1 answer
  • A few years back, Dave and Jana bought a new home. They borrowed $230,415 at a fixed rate of 5.49% (15-year term) with monthly p
    8·1 answer
  • Which of the following is a common risk of using credit to make purchases
    11·1 answer
  • You are the CFO of Rock Inc, a young start-up. The company has not generated positive cash flows for the past three years and yo
    7·1 answer
  • What is the first thing a lender might do if a borrower is late with a payment?
    15·1 answer
  • How many chargers must be produced and sold if you wish to make a profit of $45389? round up to the nearest whole number?
    13·1 answer
  • a project requires an investment of $1,400 and has a net present value of $400. if the internal rate of return is 12%, what is t
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!