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tigry1 [53]
3 years ago
9

on January 1, 2017, anodel, Inc. acquired a machine for 1,010,000. the estimated useful life of the asset is five years. residua

l value at the end of fiev years is estimated to be 62000. calculate the depreciation expensive per year using the straight line method
Business
1 answer:
Licemer1 [7]3 years ago
6 0

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

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2 years ago
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Learn more in: brainly.com/question/15689921

4 0
2 years ago
As a result of an injury settlement with your insurance you have the choice between (1) receiving $5,000 today OR (2) $6,500 in
Murljashka [212]

Answer:

option 2

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to determine the better option, calculate the present value of option 2. The more suitable option is the option with the higher present value

Present value is the sum of discounted cash flows

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r = interest rate

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the present value of option 2 is higher than that of option 1,, so pick option 2

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2 years ago
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Maksim231197 [3]

Answer to this Question is A): Contracting Officer

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3 years ago
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