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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

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6 0
3 years ago
MakerMan Manufacturing creates heavy-duty hand tools. It produces a new collapsible hammer called the SmackN’Stash. One of the f
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Answer:

Anyone who is injured by a defective product may sue the manufacturer, merchants and all others who handled the product.

Explanation:

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5 0
3 years ago
How much will we end up buying?
makvit [3.9K]
I think its 500 cause yes
4 0
3 years ago
Following are a number of unrelated transactions for the Village of Centerville, some of which affect governmental activities at
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Answer:

The answer is attached below

Explanation:

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In 2018, Gail had a § 179 deduction carryover of $30,000. In 2019, she elected § 179 for an asset acquired at a cost of $115,000
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Answer:

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§ 179 of the IRS Code, allows taxpayer to either:

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3 years ago
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