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
DiKsa [7]
3 years ago
6

On November 1, 2016, Cullumber Company places a new asset into service. The cost of the asset is $78500 with an estimated 10-yea

r life and $8500 salvage value at the end of its useful life. What is the depreciation expense for 2017 of Cullumber Company uses the straight-line method of depreciation? g
Business
1 answer:
MrRissso [65]3 years ago
3 0

Answer:

$7,000

Explanation:

Depreciation: The depreciation is an expense that shows a reduction in the value of the fixed assets due to tear and wear, obsolesce, usage, time period, etc. It is shown on the debit side of the income statement. It is a non-cash item that does not affect the cash balance.  

The computation of the depreciation expense for 2017 is shown below:

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

= ($78,500 - $8,500) ÷ (10 years)

= ($70,000) ÷ (10 years)  

= $7,000

In this method, the depreciation is same for all the remaining useful life

You might be interested in
Penny Smooth, a U.S. trade negotiator, is using which conflict resolution technique if she makes the following statement to the
otez555 [7]

Answer:

E) Superordinate goals

Explanation:

Superordinate goals refers to goals that in order to be achieved, require that opposing or confronting sides of a negotiation process start to work together. Penny must be able to break down barriers in order to encourage people on opposite sides to view each other as people wanting to work and a company trying to do business, instead of someone or some group that we just dislike. That is essential for overcoming the differences that exist between both groups.

3 0
3 years ago
What characteristics would make an encryption absolutely unbreakable? what characteristics would make an encryption impractical
ad-work [718]
<span>There's no such things as an unbreakable encryption. If an encryption is devised, it will eventually be broken/decrypted. However, there are certain measures or characteristics that can be put in place to prolong decryption like using a one-time pad encryption. This means the key is used only once; using a key once is a pretty good idea since a strong algorithm will be of no use when the key becomes known. This characteristics ensures that a new key is required for decryption on successive attempt. You could also consider adding a long sequence of characters or adding an extra layer of security by upgrading to 256 or 512 bit encryption, also use salting and multiple algorithms.</span>
6 0
3 years ago
Cathy has created a website for her shop of homemade chocolates and scented candles. Apart from traditional retailing, she sends
Anastasy [175]

Answer:

C) Multichannel marketing

Explanation:

When a company uses multichannel marketing it means that they are using more than one marketing channel to try to reach potential customers, either directly or indirectly.

In this case, Cathy is using a website, a brick and mortar retail store, emails, and pamphlets.

3 0
3 years ago
The SP Corporation makes 49,000 motors to be used in the production of its sewing machines. The average cost per motor at this l
Lerok [7]

Answer:

Savings in additional cost as result of making      $154,350.00

Explanation:

The relevant costs for this decision would be the variable cost of production and the external cost of purchase.

Unit variable cost of internal production  

= 10.80 + 9.80 + 4.10 = $24.7

Variable cost of making ( $24.7  × 49,000)       =  1,210,300.00  

Variable cost of Buying     ($27.85  × 49,000)  =   <u>1,364,650.00</u>  

Savings in additional cost as result of making      <u> 154,350.00</u>

Note that the fixed cost is irrelevant for the purpose of the make or buy decision . This is so because they would be incurred either way. Hence, they are not to be considered for the analysis

3 0
3 years ago
Which of the following is a disadvantage of the sole proprietorship form of ownership?
GREYUIT [131]

Answer:

D.......... .................... .. . . ...... ..........

4 0
3 years ago
Other questions:
  • Roberta cartwright puts money each month into a mutual fund that has very few? controls; in? that, the managers can invest in wh
    13·1 answer
  • Which of the following is not one of the three types of business arrangements in the united states
    10·1 answer
  • Select the correct answer.
    10·1 answer
  • During finals week, students arrive randomly at the help desk of the computer lab. There is only one technician due to budget cu
    5·1 answer
  • During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo
    10·1 answer
  • From the appearance of the utility function, we know that 2 a. Britney is risk averse. b. Britney gains less satisfaction when h
    15·1 answer
  • When you receive your paycheck through direct deposit, what does this mean?
    15·1 answer
  • When customers buy computers at Maalik's store, he offers a service package at a discounted rate. Additionally, he has an ongoin
    8·1 answer
  • Which is true about vendor files?
    6·1 answer
  • Boeing’s strategy to become the largest airplane maker in the world included acquiring competitors such as mcdonnell douglas. Th
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!