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
Ipatiy [6.2K]
3 years ago
14

A building acquired at the beginning of the year at a cost of $123,800 has an estimated residual value of $4,800 and an estimate

d useful life of 10 years. Determine the following: (a) The depreciable cost $ (b) The straight-line rate % (c) The annual straight-line depreciation
Business
1 answer:
grigory [225]3 years ago
6 0

Answer:

A. $119,000

B. 10%

C.$11,900

Explanation:

Deprecation is a method used in expensing the cost of an asset.

The depreciable cost = Cost of asset - Salvage value = $123,800 - $4,800 = $119,000

The straight line rate = 1/10= 0.1 = 10%

annual straight-line depreciation = depreciable cost × straight line rate = $119,000 × 0.1 = $11,900

I hope my answer helps you

You might be interested in
Milano Gallery purchases the copyright on a painting for $420,000 on January 1. The copyright is good for 10 more years. The com
alex41 [277]

Answer:

Explanation:

The journal entries are shown below:

On January 1

Copyright A/c Dr $420,000

        To Cash A/c $420,000

(Being copyright is purchased)

On December 31

Amortization A/c Dr $42,000

          To Accumulated amortization A/c $42,000

(Being annual amortization is recorded)

The computation is shown below:

= Purchase value of copyright ÷  number of goods years

= $420,000 ÷ 10 years

= $42,000

6 0
2 years ago
Which of the following forms of communication has the most impact during your interview? a. Nonverbal b. Verbal c. Voice quality
Alex
Being verbal during an interview is a important thing <span />
8 0
3 years ago
Read 2 more answers
You are considering investing $1,000 in a T-bill that pays 0.05 and a risky portfolio, P, constructed with 2 risky securities, X
Leokris [45]

Answer:

% in T bills = 18.92%, % in P = 81.08%

Explanation:

Portfolio return = Weighted average return

Return of portfolio P = 0.14*0.6 + 0.10*0.4

Return of portfolio P = 0.124

Let % money in T bills be x

0.11 = 0.05*x + 0.124*(1-x)

0.11 = 0.05x + 0.124 - 0.124x

0.014 = 0.074x

x = 18.92%

Hence, % in T bills = 18.92%, % in P = 81.08%

3 0
3 years ago
United Airlines flies a plane from Los Angeles to New York at 8 o'clock on Tuesday morning only 25% full. On Friday, the same fl
Alona [7]

Answer:

Perishability.

Explanation:

Perishability is utilized in marketing to portray the manner by which service limit can't be put away available to be purchased later on. It is a key concept of services marketing.

3 0
2 years ago
What is breach of contract?
Gwar [14]

Answer:

an act of breaking the terms set out in a contract.

7 0
3 years ago
Read 2 more answers
Other questions:
  • Determining if products made in-house will be produced in one or more facilities, and if these facilities should be located in o
    8·1 answer
  • In the narrowest definition of money, M1, savings accounts are excluded because they are a interest paying accounts. b not a med
    14·1 answer
  • Walmart's customers have come to expect to find P&amp;G products in stores, and P&amp;G depends on Walmart to purchase a good po
    8·1 answer
  • Frey &amp; Felder (F&amp;F) brands touch the lives of people around the world in 180 countries and territories. The F&amp;F comm
    12·1 answer
  • The critical issue in the debate over the merits of the for-profit hospital structure is whether the profit motive has a negativ
    7·1 answer
  • Which of the following is an example of a substitute for leadership within an organization?
    13·1 answer
  • Features, Advantages and disadvantages free market economy?
    14·1 answer
  • Marbry Corporation's balance sheet and income statement appear below.
    5·1 answer
  • Which of these is a reason a closed culture is
    14·1 answer
  • Principle states that inventory costs are expensed as cost of goods sold when inventory is sold
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!