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
Harrizon [31]
3 years ago
11

The baldwin company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. the exp

ected salvage value at the end of 15 years is $4,090,000. what will the book value of this purchase (exclude all other plant and equipment) be after its third year of use? (use fasb gaap) select: 1save answer $33,538,000 $35,446,667 $32,720,000 $29,448,000
Business
2 answers:
White raven [17]3 years ago
5 0

<span>To get the book value (BV) at the end of 3rd year, let us determine 1st the depreciation:</span>

depreciation = ($40,900,000 - $4,090,000) / 15 years

depreciation = 2,454,000 / year

The reduction after 3 years is:

depreciation (3years) = ($2,454,000 / year) * 3 years

depreciation (3years) = $7,362,000

Therefore BV after 3 years is:

BV = $40,900,000 - $7,362,000

<span>BV = $29,448,000</span>

hodyreva [135]3 years ago
5 0

Answer:

Book Value after 3 years = 33,538,000

Explanation:

Cost = $40,900,000

Salvage Value= 4,090,000

Useful Life= 15years

Depreciation using straight line method =<u> Cost - Salvage Value</u>

                                                                         Useful Life

Dep For Year 1 = <u>40,900,000-4,090,000</u>

                                         15

Dep for Year 1 = 2,454,000 for Year 1

When Using straight line method Multiply the dep for Year 1 with the number of years to get the book value

Here Book Value after 3 years will be as follows

Depreciation of three years  = 2,454,000 x 3

                                               = 7,362,000

Book Value after 3 years= 40,900,000 - 7,362,000

Book Value = 33,538,000

You might be interested in
Teel Printing uses two measures of activity, press runs and book set-ups, in the cost formulas in its budgets and performance re
juin [17]

Answer:

D. $193,750

Explanation:

Calculation for the wages and salaries in the flexible budget for July

FLEXIBLE BUDGET FOR JULY

Using this formula

Flexible budget= Wages and salaries Cost formula per month+Actual activity press runs*Wages and salaries per press runs+Actual activity book set-ups*Wages and salaries book set-up

Let plug in the formula

Flexible budget=$8,850+201*400+110*950

Flexible budget=$193,750

Therefore the wages and salaries in the flexible budget for July would be closest to $193,750

7 0
2 years ago
Japan must give up the production of 75 computers to produce 25 additional cellular telephones. The opportunity cost of producin
LenKa [72]

Answer:

One

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

If Japan decides to produce computers, it forgoes the opportunity of producing phones

Opportunity cost of one computer = 25/75 = 1 /3

Opportunity cost of producing 3 computers 3 ×(1/3)= 1 phone

I hope my answer helps you

7 0
3 years ago
Qriosity inc. comes out with a new antivirus program and prices it at half price to attract buyers. the company is using _______
Talja [164]
<span>The company is using market-penetration pricing.</span>
6 0
3 years ago
What will NOT cause a shortage?
sweet-ann [11.9K]
<h3>Answer: D) increase in prices</h3>

An increase in prices will reduce demand, and not supply. You could have an increase in prices due to a shortage, but price increases could also be from a number of other factors, one of which is demand increasing.

Meanwhile, war, scarcity and extreme weather all are possible factors of a shortage. So we can cross choices A,B,C off the list.

5 0
3 years ago
If total liabilities decreased by $30,000 and stockholders' equity decreased by $10,000 during a period of time, then total asse
boyakko [2]

Answer:

C) $40.000 Decrease

Explanation:

The accounting equation states that: Assets = Liabilities + Equity, so in this case the Assets must decrease in the same amount that change the other side of the equation, $40.000.

4 0
2 years ago
Other questions:
  • Maxwell and Smart are forming a partnership. Maxwell is investing a building that has a market value of $180,000. However, the b
    12·1 answer
  • On October 5, Narveson Company buys merchandise on account from Rossi Company. The selling price of the goods is $6,380, and the
    7·1 answer
  • Ames Quartet Inc. factors receivables with a carrying amount of $200,000 to Joffrey Company for $160,000 on a with recourse basi
    7·1 answer
  • What must a plaintiff show to succeed for employment discrimination on the basis of gender on a disparate-impact theory?
    12·1 answer
  • Suppose the yield on short-term government securities (perceived to be risk-free) is about 4%. Suppose also that the expected re
    13·1 answer
  • Which of the following refers to individual units within a firm that operate like separate​ businesses, with each having its own
    11·1 answer
  • The following information pertains to Julia &amp; Company: March 1 Beginning inventory = 33 units @ $5.70 March 3 Purchased 14 u
    10·1 answer
  • All of the following are advantages of saving for retirement in a 401(k), excepti.
    8·1 answer
  • You gave some clothes for. dry cleaning. Your suit was spoiled you went to the dry cleaner and made the compliant .
    14·1 answer
  • The purpose of a situation analysis is to evaluate a firm's ________.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!