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
e-lub [12.9K]
3 years ago
5

During a​ year, a​ firm's gross investmentgross investment is ​$6 comma 0006,000 and net investmentnet investment is ​$4 comma 8

004,800. What is the​ firm's depreciationdepreciation​?
Business
1 answer:
Greeley [361]3 years ago
7 0

Answer: The answer is $1,200

Explanation:

In order to calculate the Depreciation, we use the formula:

Gross investment = Net Investment + Depreciation.

Let Depreciation be represented by x

Gross investment - $6,000

Net investment - $4,800.

Therefore, we have:

6,000 = 4,800 + x

x = 6,000 - 4,800

x = 1,200

Therefore Depreciation is $1,200

You might be interested in
The following are the transactions of Spotlighter, Inc., for the month of January:
coldgirl [10]

Answer:

Spotlighter, Inc.

Cash

Account Titles     Debit    Credit

Beginning balance $0

Notes Payable   $4,740

Common stock $5,430

Equipment                      $1,000

Supplies                          $1,100

Ending balance             $8,070

Notes Payable

Account Titles     Debit    Credit

Beginning balance $0

Cash                               $4,740

Equipment                        1,600

Ending balance  $6,340

Common stock

Account Titles     Debit    Credit

Beginning balance               $0

Cash                              $5,430

Equipment

Account Titles     Debit    Credit

Beginning balance $0

Cash                 $1,000

Notes Payable $1,600

Ending balance            $2,600

Supplies

Account Titles         Debit    Credit

Beginning balance $0

Cash                       $1,100

Accounts Payable $1,500

Ending balance                   $2,600

Accounts Payable

Account Titles     Debit    Credit

Beginning balance              $0

Supplies                        $1,500

Ending Balance $1,500

Explanation:

1) Data and Transaction Analysis:

a. Cash $4,740 Notes Payable $4,740

b. Cash $5,430 Common stock $5,430

c. Equipment $2,600 Cash $1,000 Notes Payable $1,600

d. Supplies $1,100 Cash $1,100

e. Supplies $1,500 Accounts Payable $1,500

6 0
3 years ago
Gil owns a life insurance policy that he purchased when he first graduated college. It has a $100,000 death benefit and Gil pays
Julli [10]
C. individual life insurance
100% positive
8 0
3 years ago
Read 2 more answers
As a shareholder in Titanic Shipping, Inc., James Blue is one of the many actual owners. In case of the bankruptcy of the corpor
Alekssandra [29.7K]

As a shareholder in Titanic Shipping, Inc., James Blue is one of the many actual owners. In case of the bankruptcy of the corporation, his liability would be limited to the amount of his investment.

<h3>What shareholder means?</h3>
  • Any individual, business, or organization that has stock in a corporation is a shareholder.
  • A shareholder of a firm may own just one share. As residual claimants on a company's profits, shareholders may be subject to capital gains (or losses) and/or dividend payments.

<h3>What is shareholder and example?</h3>
  • The definition of a shareholder is a person who owns shares in a company.
  • Someone who owns stock in Apple is an example of a shareholder noun.
  • A person who owns one or more shares of stock in a joint-stock company or a corporation.

<h3>What is the purpose of a shareholder?</h3>
  • The shareholders are the company's owners and give financial support in exchange for prospective dividends paid out over the course of the business.
  • There are three ways for an individual or business to become a shareholder in a company by adhering to the company's memorandum at the time of incorporation.

Learn more about shareholders here:

brainly.com/question/25847981

#SPJ4

5 0
1 year ago
A step out is a pricing practice in which a firm:
Katen [24]
I would say the answer is D
3 0
3 years ago
On December 31 of the current year, Plunkett Company reported an ending inventory balance of $215,500. The following additional
marishachu [46]

Answer:

The amount that Plunkett should report in ending inventory on December 31 is $156,300

Explanation:

The computation of the ending inventory is shown below:

= Ending inventory balance - FOB destination goods purchased - goods being held on consignment

= $215,500 - $44,100 - $15,100

= $156,300

The other items would not be adjusted because the other items are not included in the ending inventory so they are not being considered in the computation part.

5 0
3 years ago
Other questions:
  • What should you look for to be sure you can trust the source of information on a webpage?
    8·1 answer
  • The consumer price index was 177.1 in 2001 and 179.9 in 2002. therefore, the rate of inflation in 2002 was about:
    12·1 answer
  • Dia wants to improve her . Her creative writing teacher suggests that she read genres of books that she usually finds dull.
    13·2 answers
  • Hard work is related to success as preparation is related to: Procrastination, motivation, work, readiness, failure
    13·2 answers
  • What index is used to measure the average prices paid by a typical​ family? An average of the prices of the goods and services p
    10·1 answer
  • Which of the following is a source that businesses use to develop standards:
    7·1 answer
  • If a foreign country's consumers tend to only purchase products that are produced locally, the least effective strategy for a U.
    7·1 answer
  • Suppose a nation opened its borders to the free flow of workers from other nations. how would this event likely affect the long-
    9·1 answer
  • If a company pays an energy consultant just for a set period to complete a
    12·1 answer
  • Plant-wide, department, and activity-cost rates. Acclaim Inc. makes two styles of trophies, basic and deluxe, and operates at ca
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!