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
Arturiano [62]
3 years ago
15

A computer equipment was acquired at the beginning of the year at a cost of $56,000 with an estimated residual value of $5,000,

and an estimated useful life of 5 years. What is the assets book value at the end of year 3?
Business
2 answers:
Nataliya [291]3 years ago
7 0

Answer:

Book value = original cost - accumulated depreciation

= $56,000 - $30,600

=$25,400

Tju [1.3M]3 years ago
5 0

Answer:

=$25,400

Explanation:

The cost of the compute was $56,000

The residual value was 5000

Useful life is 5 years

Using the straight-line depreciation method, book value after three years will be

The depreciable amount will be the asset cost value - residual value

= $56,000 - $5000

= $51,000

The depreciation rate will be 1/5 year x 100 = 20%

depreciation per year will be 20% x 51,000

= 20/100 x 51,000

=$10,200

Depreciation for three years will be $10,200 x 3= $30,600

The book value after 3 years :

Book value = original cost - accumulated depreciation

= $56,000 - $30,600

=$25,400

You might be interested in
A. she was born on august? 4, 1950, and lived at 37 gesner street until she was sixteen.
Korolek [52]
??? C ???

whats the question here
4 0
3 years ago
Which statement below best captures the overall point and focus of the New York Times article, Document 3?
Artemon [7]

Answer:

Correct Answer:

C) The news story marks the historical event of the first black man being called up to play in the major leagues and expresses some concern over how Robinson will be treated by his major league peers.

Explanation:

<em>Option C ıs the best statement which captures the overall point and focus of the given New York Times article, Document 3.</em>

6 0
3 years ago
What are closing costs?
AlekseyPX
I think it would be c
4 0
3 years ago
Read 2 more answers
May 24 Sold merchandise on account to Old Town Cafe $18,450. The cost of goods sold was $11,000.
zubka84 [21]

Answer:

Date       General Ledger                                        Debit        Credit

May 24   Accounts Receivable-Old Town Café   $18,450

                      Sales                                                                   $18,450

              Cost of goods sold                                 $11,000

                       Inventory                                                            $11,000

Sept. 30  Cash                                                         $6,000

                      Allowance for Doubtful Accounts                      $12,450

                      Accounts Receivable-Old Town Cafe               $18,450

Dec. 7    Accounts Receivable-Old Town Cafe      $12,450

                      Allowance for Doubtful Accounts                     $12,450

              Cash                                                             $12,450

                       Accounts Receivable-Old Town Cafe               $12,450

7 0
2 years ago
True or false: The aggregate demand curve slopes downward because it reflects a direct relationship between the price level and
bearhunter [10]

The aggregate demand curve slopes downward because it reflects a direct relationship between the price level and the amount of real output demanded. This statement is false.

<h3>What is a demand curve?</h3>

It should be noted that a demand curve simply means the graph that illustrates the quantity bought at a price.

In this case, the curve slopes downward because output reduces as price increases. This shows an inverse relationship.

Learn more about demand curve on:

brainly.com/question/1486483

#SPJ1

6 0
2 years ago
Other questions:
  • Which of the following is NOT one of the characteristics of reward and incentive systems? They represent an effective control me
    11·1 answer
  • Players will be issued what color cards for fouls, depending on the seriousness of the penalty.
    10·1 answer
  • The process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other orga
    6·1 answer
  • Which of the following is a characteristic protected by the anti-discrimination laws?
    11·1 answer
  • The ____ phase of the SDLC includes four main activities: requirements modeling, data and process modeling, object modeling, and
    10·1 answer
  • Help!!!!!!!!!!!<br> Can you answer this question? :(
    12·1 answer
  • If Brazil gives up three automobiles for each ton of coffee it produces, while Peru gives up seven automobiles for each ton of c
    11·1 answer
  • how can good boilerplate tersm and conditions of contract still fail to protect an orgnaization against some risk
    6·1 answer
  • An internal study by the Technology Services department at Lahey Electronics revealed company employees receive an average of tw
    8·1 answer
  • Cumberland Co. sells $1,114 of merchandise to Hancock Co. for cash. Cumberland paid $779 for the merchandise. Under a perpetual
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!