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
tigry1 [53]
4 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]4 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

You might be interested in
During the month of March, Harley's Computer Services made purchases on account totaling $44,900. Also during the month of March
Kobotan [32]

Answer:

$85,300

Explanation:

The computation of the ending account payable balance is shown below:

Ending balance of account payable = Beginning balance of account payable +  purchase made - paid amount of its account payable balance

= $78,000 + $44,900 - $37,600

= $85,300

The paid amount for services to be provided in the future is not related to the account payable. Hence, it is ignored

4 0
3 years ago
Which component of a balance sheet includes a business’s debts, or the money that it owes to creditors for past transactions?
Volgvan

Answer:

1) Liabilities

2) Liabilities

Explanation:

6 0
3 years ago
Mayan Company had net income of $32,670. The weighted-average common shares outstanding were 9,900. The company declared a $4,60
Lana71 [14]

Answer:

The correct option is A ,earnings per share is $2.84

Explanation:

Earnings per share is given earnings attributable to ordinary shareholders divided weighted average common shares.

The net income needs to be adjusted to reflect only earnings distributable to common shares.

Earnings to common stocks=$32670-$4600

                                              =$28070

Weighted average common shares=9900

Earnings per share=$28070/9900

                                =$2.84 per share

Option B is wrong because it calculated earnings per share with net income instead of earnings of common shareholders($32670/9900=$3.30)

4 0
3 years ago
What are Enterprise Solutions to Poverty?
sergeinik [125]
Hi pupil here's your answer ::


__________________________

There could be many solutions for poverty:

■ First, Let's find out the cause of poverty in our country.
□ This could be Either The Black money, or the Foolishness wasting money by Richard people.

■ Once the cause is found we can execute it to the fullest.

■ Black money can be taken out by a process of Demonetisation to ensure Who all big personalities have a fixed amount of black money...

■ If the problem is solved then the poverty is removed from this country ...

__________________________


hope that this helps .....
8 0
3 years ago
Read 2 more answers
You bought 150 shares of stock at $15.00 per share. At the end of the year, you received a dividend of $50.00 and your stock was
shusha [124]

Answer:

13.33%

Explanation:

Data provided in the question:

Number of shares bought = 150

Price per share = $15.00

Dividend received = $50.00

Value of the stock at the end of the year = $2,500

Now,

Total investment = Number of shares bought × Price per share

= 150 × $15.00

= $2,250

Return on stocks

= Value of the stock at the end of the year + Dividend received - Total investment

= $2,500 + $50 - $2,250

= $300

Therefore,

Rate of return on stock = [ Return of stock ÷ Amount invested ] × 100%

= [ $300 ÷ $2,250 ] × 100%

= 13.33%

4 0
4 years ago
Other questions:
  • Activities of a central motor pool that provides and services vehicles for the use of municipal employees on official business s
    13·1 answer
  • Aiden is designing a blog that will allow many company employees and executives to share company news with both the general publ
    15·1 answer
  • A written report must be sent to the texas department of public safety within 10 days of a collision that
    11·1 answer
  • What visual aid conveys a professional appearance by allowing the presenter to choose from many color, art, and font options? Sp
    15·1 answer
  • Which of the following, if true, would strengthen the argument to use coercive techniques in this situation?A) The company is on
    13·1 answer
  • A depositor places $10,000 in cash in a commercial bank, where the required reserve ratio is 10 percent. The bank sends the $10,
    5·1 answer
  • Misty and John formed the MJ Partnership. Misty contributed $50,000 of cash in exchange for her 50% interest in the partnership
    11·1 answer
  • A manager receives a forecast for next year. Demand is projected to be 510 units for the first half of the year and 1,020 units
    15·1 answer
  • Bob, a bartender who saw duty in Vietnam, refuses to serve Asians in his bar because he believes that Asians have no business li
    5·1 answer
  • A negative relationship between the quantity demanded and price is called the law of:.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!