Answer:
Annual depreciation= $189,600
Explanation:
Giving the following information:
On January 1, 2017, anodel, Inc. acquired a machine for 1,010,000. the estimated useful life of the asset is five years. residual value at the end of five years is estimated to be 62000.
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (1,010,000 - 62,000)/5= $189,600
Answer:
Correct cash balance is $ 1,580
Explanation:
Balance as per cash book $ 1,681
Less: Bank charges $ ( 11)
Less: NSF cheques <u>$ ( 90)</u>
Adjusted balance per cash book <u> $ 1,580</u>
Balance per bank statement $ 1,484
Add: Deposits in transit $ 317
Less; Outstanding checks <u>$ ( 221)</u>
Adjusted balance per bank statement <u>$ 1,580</u>
Answer:
The amounts that Beldon should capitalize as the cost of the land and the new building is $64,900 and $528,500 respectively
Explanation:
The computations are shown below:
For land:
= Purchase value of the land + Demolition of old building + Legal fees for title investigation of land - Salvaged materials
= $60,000 + $4,500 + $2,500 - $2,100
= $64,900
For building:
= Architect’s fees (for new building) + Construction costs + Interest on construction loan
= $13,000 + $510,000 + $5,500
= $528,500
This is a <u>true</u> statement. If you can imagine yourself as a prospect who can get answers to your questions and as a character in a business story, you'll be more likely to buy from them rather than a business to which you can't relate.
To effectively tell your company's story, you must have a mission and supporting values that your prospects can relate to.
Your content's narrative conflict should be driven by the needs, problems, and buyer's journey stage of your prospects.
Always keep in mind that every story needs three storytelling components, such as characters, conflict, and resolution, so make sure yours is accurate and relatable.
Learn what appropriate questions a prospective buyer should ask about the operation of the business when buying an existing business: brainly.com/question/25211092
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Answer:
Option (a) is correct.
Explanation:
Given that,
Sales = $410,000
Costs = $284,000
Depreciation Expense = $510,000 × 0.1920]
= $97,920
Therefore,
Operating Cash Flow:
= [(Sales - Variable Costs - Fixed Costs) × (1 - Tax Rate)] + [Depreciation × Tax Rate]
= [($410,000 - 284,000) × (1 - 0.35)] + [$97,920 × 0.35]
= [$126,000 × 0.65] + [$97,920 × 0.35]
= $81,900 + $34,272
= $1,16,172
