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Dvinal [7]
3 years ago
9

Can someone type a paper for me

Business
2 answers:
nata0808 [166]3 years ago
6 0
What type? Please ask rational questions!
ExtremeBDS [4]3 years ago
6 0
Uhhhmmm your gonna need to do that yourself
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A company purchased a delivery van for $23,000 with a salvage value of $3,000 on September 1, 2008. It has an estimated useful l
Maksim231197 [3]

Answer:

B

Explanation:

The value to depreciate is always the total asset value minus the salvage value. In this case, $23,000-$3000=$20,000. The straight line method formula is:

Depreciation  = value to depreciate/useful years

Depreciation (year) = $20,000/5= $4,000

This formula calculates de depreciation expense each year from the purchase date, which means that on septemeber 1 of 2009 the company will register a depreciation expense of $4,000. But, from september 1,2008 to  December 31, 2008 is less than a year we have to calculate the depreciation for each month.

Depreciation (month)= $4,000/12= $333,33

But since that depreciation would be for december 1, we need to calculate the depreciation for each day

Depreciation (day) = $333,33/31 = $10,75

From september 1 to december 1: 3 months, then $333,333 x 3= $1000

And from december 1 to december 31: 30 days, then $10,75 x 30= $322, 58

The depreciation expense on December 31 is: $1000+$322,= $1322,58 that is almost $1,333. On January 1 the depreciation expense would be $1,333.

5 0
3 years ago
I rlly need answers quick guys! This isnt Business tho!
aivan3 [116]

Answer:

$119.48

Explanation:

hope this helped :)

7 0
3 years ago
Alpha Division had the following information: Average operating asset base in Alpha Division $500,000 Operating income in Alpha
ExtremeBDS [4]

Answer:

15.79%

Explanation:

The computation of the return on investment is shown below:

Return on investment  = Operating Income ÷  New operating asset base

where,

Operating income is $60,000

And, the new operating asset is

= $500,000 - $120,000

= $380,000

So, the return on investment is

= $60,000 ÷ $380,000

= 15.79%

By dividing the operating income from the new operating asset base we can get the return on investment

5 0
3 years ago
Kordel Inc. acquired 75% of the outstanding common stock of Raxston Corp. Raxston currently owes Kordel $500,000 for inventory a
Nady [450]

Answer:

what amount of Raxston’s liability should be eliminated? d.$500,000

Explanation:

At different levels of the consolidation, certain intercompany payables and receivables balances must be eliminated. Eliminations are only required in the context of a consolidation where the trading parties are both included in a given consolidation.

8 0
3 years ago
Determine the adjusted basis of each of the following assets:
Andru [333]

Answer and Explanation:

The computation is shown below:

                  75%                      25%             100%

Particulars       Business Use Personal Use    Total

Initial Basis    $22,500         $7,500            $30,000

Less: Depreciation -$4,209              0                   -$4,209

Adjusted Basis      $18,291           $7,500             $25,791

b    

Particulars                     Building        Land            Land Improvements

Original Cost               $250,000       $80,000  

Remodeling cost        $8,000  

Parking lot and sidewalks                             $12,000

Depreciation                -$70,620                           -$1,000

Adjusted basis         $187,380 $80,000           $110,000

We simply classify the cost to each type of asset which is shown above

8 0
3 years ago
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