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
vivado [14]
3 years ago
8

A plant asset was purchased on January 1 for $80,000 with an estimated salvage value of $20,000 at the end of its useful life. T

he current year's Depreciation Expense is $10,000 calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $20,000. The remaining useful life of the plant asset is ________ years.
A : 7
B : 5
C : 4
D : 15
How is it calculated?
Business
1 answer:
avanturin [10]3 years ago
3 0

Answer: C - 4

Depreciation expense = ( Asset cost - Salvage value ) / useful life

$10,000 = ( $80,000 - $20,000 ) /useful life

Useful life = $60,000 / $10,000

Useful life = 6 years

Accumulated deprecation = $20,000 which is the sum of depreciation expense for two years

The remaining useful life = 6 -2 = 4 years

Explanation:

Deprecation expense is the yearly deprecation recorded on the income statement. Accumulated Depreciation is the sum of all the depreciation expenses that has being recognised on the income statement.

You might be interested in
Real-world economies get hit with lots of shocks to aggregate demand and real shocks. Categorize each scenario as an aggregate d
Reil [10]

Answer:

a)  Decrease LRAS

b)  Decrease LRAS  

c)  Increase AD

d)   Increase AD  

Explanation:

steel workers go on strike so less steel is produced : this will cause a decrease in the log run aggregate supply of steel in the economy

A tornado destroys factories in Louisiana.: this will cause a decrease in the log run supply of factory products and by-products in the economy

Consumer optimism increases.leads to an increase in the aggregate demand curve

The stock market rallies to 52-week highs increasing consumer wealth. this will definitely lead to an increase in the aggregate demand curve because with more money to spend the demand curve will increase

7 0
3 years ago
When opening a check account, the bank does not run an account verification if you provide a state-issued ID.
Morgarella [4.7K]

false false false false false

5 0
3 years ago
With respect to the product decision, managers must be able to accept risk and tolerate failure. why this is a necessary hazard
Anastaziya [24]

Answer:

The correct answer is: Regarding the above, it is taken into account that the vast majority of new product ideas do not become marketable products, and most marketable products are failures. Perhaps hundreds of designs accompany each success. So it is the primary task of management to clearly assess the market in order to know what are the trends that allow a business duration over time.

Explanation:

The production or service execution process is the core process that encompasses all the operations carried out by an organization to transform requirements into a final product or service. The entries that involve orders and budgets become work orders that allow planning, design, manufacturing and execution, all supported by the support processes that involve purchases and resources. Finally, the exit of this activity constitutes the process of expedition and after-sale.

3 0
3 years ago
:- How might U.S. pharmaceutical companies and U.S. consumers benefit from the rise of the Indian pharmaceutical industry?
lesantik [10]

Answer:

Due to the rise of the India's pharmaceutical industry the US pharmaceutical companies benefit by the increase in volume of sales due to the low costs of imports.

The U.S. consumers benefited from rise in Indian pharmaceutical industries, because of lower cost medications, insurance, copays as well as out of pocket expenses and greater financial flexibility that offers pharmaceuticals developed at lower research and development (R&D) cost.

Explanation:

Due to the rise of the India's pharmaceutical industry the US pharmaceutical companies benefit by the increase in volume of sales due to the low costs of imports.

The U.S. consumers benefited from rise in Indian pharmaceutical industries, because of lower cost medications, insurance, copays as well as out of pocket expenses and greater financial flexibility that offers pharmaceuticals developed at lower research and development (R&D) cost.

The U.S. pharmaceutical companies have major benefits from India because the people from India see others inputs instead of the goals for themselves and America is seen as an individualistic culture and there is lower power distance in America due to the fact that everyone is created equal which is why within America, people often to seek their own personal goals instead of the good of others.

Furthermore America is more concerned about self while India seeks to help the world globally which is why two different counties have to adapt to policies and procedures to respect exporting trade rights and this policy is known as the World Trade Organization.

6 0
3 years ago
9. What do you understand by the term financial futures?
Ede4ka [16]

Answer:

Explanation:

It's A and that's a very good definition, except I believe you lost a word. I think it should be a specific commodity or stock or bond at a specified date ...

6 0
2 years ago
Other questions:
  • Donna formed a corporation several years ago by issuing 500 shares of stock. There are 10 shareholders, with the smallest shareh
    8·1 answer
  • In a well-functioning cap-and-trade system for pollution rights, the right to pollute will go to those who are able to acquire t
    13·1 answer
  • If a friend who’d never heard of amortization before asked you to explain how loan payments work, what would you say?
    13·1 answer
  • Can someone just answer the 3rd question.pleaseee
    14·2 answers
  • The _____ is supported by the small business administration and provides comprehensive counseling for small businesses.
    9·1 answer
  • When formulating a positioning strategy, a multiple-benefits approach is strongly suggested to satisfy many markets at the same
    9·1 answer
  • Three $1,000 face value, 10-year, noncallable, bonds have the same amount of risk, hence their YTMs are equal. Bond 8 has an 8%
    5·1 answer
  • On January 2, Yorkshire Company acquired 29% of the outstanding stock of Fain Company for $440,000. For the year ended December
    7·1 answer
  • "Eva Stone's home in Chicago was recently gutted in a fire. Her living and dining rooms were destroyed completely, and the damag
    10·1 answer
  • When delivering 2023 murano, demonstrate how to turn the driver assistance technologies on or off using ________.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!