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uysha [10]
3 years ago
7

Equipment was purchased for $160000. Freight charges amounted to $3000 and there was a cost of $14000 for building a foundation

and installing the equipment. It is estimated that the equipment will have a $32000 salvage value at the end of its 5-year useful life.
Depreciation Expense each year using the straight-line method will be ______.
Business
1 answer:
Lesechka [4]3 years ago
6 0

Answer:

$29,000

Explanation:

The computation of the depreciation expense using the straight line method is shown below:

= (Original cost - residual value) ÷ (useful life)

where,

Original cost is

= $160,000 + $3,000 + $14,000

= $177,000

And, the salvage value plus useful life is $32,000 and 5 years respectively

So, the depreciation expense is

= ($177,000 - $32,000) ÷ (5 years)

= ($145,000) ÷ (5 years)  

= $29,000

We simply applied the above formula

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6 0
3 years ago
At the beginning of 2017, Yummy Cupcakes, Inc. has the following ledger balances: Accounts Receivable $40,000 (Debit) Allowance
snow_lady [41]

Answer:

The ending balance in the Allowance for Bad Debts is $29,000

Explanation:

The computation of the ending balance in the Allowance for Bad debts is shown below:

=  Estimation of the uncollectible accounts

= $29,000

As for calculating the bad debts expense, the business organization has to do an estimate based on this, the company could create the allowance for bad debts.  

The other information which is given in the question is not relevant. Hence, ignored it

8 0
4 years ago
Which of the following is not counted as a part of GDP?
Misha Larkins [42]

Answer:

C, The unsold additions to inventory at an appliances store.

Explanation:

GDP = Gross DOMESTIC Product

Since the unsold additions are not sold, there's no money coming from it, thus it is not counted in GDP.

Bonus: If you order clothes from Thailand, that is called GNP. It counts as Thailand's GDP because the money is going into the country, and it counts as America's GNP as you are buying goods from another country.

3 0
4 years ago
Which of these statements about reverse logistics is BEST? A. Reverse logistics systems are usually more cost-efficient than for
lord [1]

Answer:

A. Reverse logistics systems are usually less cost- efficient than forward-based systems.

Explanation:

Reverse logistics is linked to the reuse of goods and services for all activities, this includes the management and the sale of surplus. Reverse logistics is the distribution of purchased products back into the business in the reverse direction of business process flow.

Reverse logistics systems are usually less cost- efficient than forward-based systems. Reverse logisticsprovides companies with revenues and strategic benefits.

7 0
3 years ago
You have received poor grades in Spanish over the last two semesters. How can you improve your grades?
kotykmax [81]

Answer:

The correct answer would be E, Taking Action.

Explanation:

You have received your poor grades in Spanish over the last two semester. Now it is the time to take action and improve your grades. You will have to take proper actions and measures in order to improve your grades in the coming semesters. So you will either have to join an extra coaching or ask your friends to teach you the language if they are getting excellent marks. You will have to work hard. You will have to give more time to study and understand the language. These are the actions that you would have to take.

7 0
3 years ago
Read 2 more answers
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