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.
Answer:
$3,800
Explanation:
The computation of cost of the ending inventory is shown below:-
Unit Rate Total
January 2 $120 $240
February 4 $130 $520
May 6 $140 $840
September 4 $150 $600
November 10 $160 $1600
Total Units 26 $3,800
So, by the above computation we simply multiply every unit with rate.Therefore the cost of ending inventory is $3,800
Answer:
$137,200; $103,600
Explanation:
In 2015:
Free cash flow:
= Net cash flow from operating activity - Capital expenditure
= $294,000 - (70% × $224,000)
= $294,000 - $156,800
= $137,200
In 2016:
Free cash flow:
= Net cash flow from operating activity - Capital expenditure
= $280,000 - (70% × $252,000)
= $280,000 - $176,400
= $103,600
They should work on structure and how it all comes together