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Nookie1986 [14]
3 years ago
10

16. A government constructed a bridge 20 years ago at a cost of $30 million. The replacement cost of the bridge today would be $

90 million. The bridge has a useful life of 60 years. In its government- wide statements the government should record the bridge at a value, net of accumulated depreciation, of: a. $20 million b. $60 million c. $90 million d. $0
Business
1 answer:
Contact [7]3 years ago
8 0

Answer:

$20 million

Explanation:

The net of accumulated depreciation is the cost of the road minus accumulated depreciation till date.

Accumulated depreciation=yearly depreciation* 20 years

yearly depreciation=cost/useful life

cost is $30 million

useful life is 60 years

yearly depreciation=$30 million/60 years=$500,000 per yer

accumulated depreciation=$500,000*20=$10 millon

net of accumulated depreciation=$30 million-$10 million

net of accumulated depreciation=$20 million

As a result,option A is the correct answer

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You have taken a job in industry and are facing your first ordering decision. As you prepare to place the order, you remember yo
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The formula is not used if consumer demand and ordering and holding costs are not constant.

Explanation:

E.O.Q formula measures the ideal quantity of order a company should purchase in order to minimize its inventory costs, such as holding costs and shortage costs. The formula, however has its limitations, in a way that it assumes that the costumer demand is constant and ordering and holding costs remain constant. This makes formula hard to use in case of seasonal changes of demand, inventory costs or lost sales revenue due to inventory shortages.

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3 years ago
Warren Company began the accounting period with a $38,000 debit balance in its accounts receivable account. During the accountin
Rudiy27

Answer:

c. $107,000

Explanation:

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Accounts receivable op balance                   $38,000

Add : Sales on account during year               $88,000

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Hope that helps.

5 0
4 years ago
When the price of a normal good increases,
Lostsunrise [7]

Answer:

d. both the income and substitution effects encourage the consumer to purchase less of the good.

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What needs to be determined when estimating cash flows for a potential new project?.
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The incremental after-tax cash flows associated with the project

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