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slava [35]
3 years ago
13

Jones Company purchased a piece of equipment for $12,000. It has accumulated depreciation at the end of three years of $4,000. W

hat is the book value of the equipment at the end of year 3?
Business
1 answer:
Otrada [13]3 years ago
8 0

Answer:

The book value of the equipment at the end of year 3 is $ 8000.

Explanation:

The book value is the value at which the asset is reported in the balance sheet at reporting date. The book value is calculated by subtracting amount of depreciation charge against in income statement till repoting date form cost of asset. The detail calculation is given below.

BV = Cost - Ac depreciation

BV = 12,000 - 4,000 = $ 8,000

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This year three manufacturers of mattresses have closed shop and there is only one mattress manufacture left. With few additiona
Rainbow [258]

Answer:

the supply will decrease causing an increase in pricing on mattresses.

Explanation:

Monopolism occurs when only one supplier produces a product with no other competitors. They control the supply and price of commodities.

Since other mattresse sellers have closed shop, the final seller will have monopoly of the mattresse market.

In order to maximise revenue he will reduce supply and increase prices so that customers will have no choice but to buy the scarce mattresse at higher price.

8 0
3 years ago
Is an atom with a nucleus of 31 protons and 31 neutrons a stable isotope?
Liula [17]
<span>No. Since the atom has 31 protons, that means it's an isotope of gallium. Looking up gallium, you can determine that in nature it's composed of the two stable isotopes, gallium-69 and gallium-71, which have 38 and 40 neutrons respectively. Looking further, you will find that gallium-62 has a half life of 116.18 milliseconds which means it's quite unstable.</span>
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3 years ago
Why dont you guys use Question Cove or another service. Why do you like brainly so much?
Slav-nsk [51]

because I think people answered their questions really fast even though they don't sometimes

6 0
3 years ago
Read 2 more answers
Which of the following constitutes constructive receipt in the current year ended December​ 31?a. A salary check received at​ 6:
zubka84 [21]

Answer:

a. A salary check received at​ 6:00 p.m. on December​ 31, after all the banks have closed.

b. A rent check received on December 30 by the manager of an apartment complex. The manager normally collects the rent for the owner. The owner was out of town.

Explanation:

The principle of constructive receipt is determined by when the person who receives the income had control over it. An individual or company is considered to have control over income when it is credited to that person or company. Basically, it's when you could spend that income if you wanted, even if you don't spend it.

From the principle of constructive receipt in the above paragraph, only option a (A salary check received at​ 6:00 p.m. on December​ 31, after all the banks have closed.) and b ( A rent check received on December 30 by the manager of an apartment complex. The manager normally collects the rent for the owner. The owner was out of town.) fall within the category. The other three options, the person is unable to spend the check even if they wanted to, until after December 31.

6 0
3 years ago
Sunland’s Shop can make 1000 units of a necessary component with the following costs: Direct Materials $21000 Direct Labor 6000
algol13

Answer:

$9,000

Explanation:

Total variable cost of manufacturing the components are as follows;

Direct materials $21,000

Direct labor 6,000

Variable overhead 3,000

————

Total $30,000

If we purchase the cost is $39,000 and the company is indifferent if they will manufacture or purchase. Therefore;

$39,000 - 30,000 = $9,000 (unavoidable fixed cost)

7 0
3 years ago
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