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
vladimir1956 [14]
4 years ago
11

Franklin Corporation bought equipment on January 1st, 2022 .The equipment cost $150,000 and had an expected salvage value of $30

,000. The life of the equipment was estimated to be 6 years. The depreciable cost of the equipment is________.
Business
1 answer:
Dima020 [189]4 years ago
8 0

Answer:

$120,000.00

Explanation:

Depreciable cost is the amount of money that can be depreciated over time from the value of an asset. It is the total book value an asset loses for being in production in its useful life. Depreciable cost is important is calculating the annual depreciation.

Depreciable cost is a result of the cost of an asset minus its expected salvage value.

In case case: $150,000- $ 30,000

=$120,000.00

Depreciable value is $120,000

You might be interested in
An economy produces only 500,000 tables valued at $100 each. Of these, 100,000 are sold to consumers, 200,000 are sold to busine
torisob [31]

Answer:$ 50 million

Explanation:

We know GDP is calculated as the sum of consumption spending(C),Investment spending(I),Government spending(G) and net export(X).

Here

  • Consumption spending=100,000\times 100=\$10 million
  • investment spending=200,000\times 100=\$20 million
  • Government spending=100,000\times 100=\$10 million
  • $5 million worth tables are sold abroad
  • no tables are imported.

At the end of year

GDP=C+I+G+X-M

GDP=10+20+10+5-0=$45 million

and the remaining 50,000 table worth of $5 million in inventory goes to the investment made by private sector

thus value of GDP is $ 50 million.

4 0
3 years ago
Rick has met with the Small Business Administration, which analyzed his entrepreneurial skills and provided him with a summary o
Mrrafil [7]

Answer:

c) Rick has an external locus of control.

Explanation:

What can challenge Rick in his quest to become a successful entrepreneur is that he has an external locus of control, which occurs when an individual relates events related to their failures or successes to external variables that are not their responsibility, such as fate, luck or bad luck.

The external locus of control can pose a challenge for Rick in the sense that an entrepreneur's success is related to his own personal control and personal efforts to make the business viable and successful in the market. It is necessary for the entrepreneur to understand that there are risks inherent to the business and that a business can work according to their efforts, learning and planning, that is, the entrepreneur and their control and management actions will be responsible for the success or failure of the business, and not just external factors like fate or bad luck.

5 0
3 years ago
While using a metal detector at the beach during spring break, Toni uncovered some rare coins with a current fair market value o
Liono4ka [1.6K]

Answer:

Toni must report the whole fair market value as his income

Explanation:

According to the tax laws you must report the whole FMV as your income

4 0
3 years ago
Outstanding debt of Home Depot trades with a yield to maturity of ​%. The tax rate of Home Depot is . What is the effective cost
nydimaria [60]

Answer:

5.6%

Explanation:

A lot of information is missing, so I looked for similar questions to fill in the blanks:

"Outstanding debt of Home Depot trades with a yield to maturity of 8%.

The tax rate of Home Depot is 30%.

What is the effective cost of debt of Home Depot?"

the effective cost of debt or after tax cost of debt = debt's yield to maturity x (1 - tax rate) = 8% x (1 - 30%) = 8% x 0.7 = 5.6%

Interest is tax deductible, therefore, it creates a tax shield that lowers net interest expense.

8 0
4 years ago
Every day, your boss participates in a conference call from 1:00 PM to 2:00 PM. You know this, and today, instead of returning f
lana66690 [7]

An example of Shirkingis when an employee decide to extend their lunch until 1:45 instead of 1:00 becaujse of his boss participation in a conference call.

<h3>What is called Shirking?</h3>

A shirk essentially means the act of avoiding or getting out of doing something that should be done.

Hence, when an employee decide to extend their lunch until 1:45 instead of 1:00 because of his boss participation in a conference call is an example of Shirking because he need to help his boss.

Read more about Shirking

<em>brainly.com/question/8497382</em>

3 0
2 years ago
Other questions:
  • Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing ov
    5·1 answer
  • An investor in the 28 percent tax bracket is trying to decide which of two bonds to purchase. One is a corporate bond carrying a
    6·1 answer
  • When an administrative assistant reorders office supplies for a business, placing the same order as last month without checking
    7·1 answer
  • The Industrial Workers of the World differed from the other major trade unions in that
    14·1 answer
  • Explain how shares of stock traded on a stock exchange are valued for estate purposes. What is the blockage rule?
    6·1 answer
  • Tubby Toys estimates that its new line of rubber ducks will generate sales of $7.20 million, operating costs of $4.20 million, a
    15·1 answer
  • Are unemployment taxes based on wages of an employers payment history?
    10·1 answer
  • Barbara Smith is an employee of Allied Manufacturing Company. She has an 8-hr workday and each day is paid $0.60 for each unit p
    12·1 answer
  • Mary is currently buying apples and oranges such that the last unit of apples has 30 units of utility and the last unit of orang
    14·1 answer
  • An expected output over the life of a project would be classified as.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!