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
alina1380 [7]
4 years ago
9

(Chapter Supplement) Irish Industries purchased a machine for $65,000 and is depreciating it with the straight-line method over

a life of 10 years, using a residual value of $3,000. At the beginning of the sixth year, a major overhaul was made costing $5,000, and the total estimated useful life was extended to 13 years with a residual value of $3,000. Depreciation expense for Year 6 is: $1,885 $2,000 $3,250 $3,625 $4,500
Business
1 answer:
denis-greek [22]4 years ago
3 0

Answer:

$4,500

Explanation:

depreciation expense

= [revised cost of asset - salvage value]/[remaining life of the assets]

=  [$39,000 - $3,00]/[8 years]

= $4,500

Therefore, The Depreciation expense for Year 6 is $4,500.

You might be interested in
In a process called _______, a customer visits a store to touch, feel, and even discuss a product's features with a sales associ
ivanzaharov [21]

Answer:

showrooming

Explanation:

In showrooming, a customer visits a store to touch, feel, and even discuss a product's features with a sales associate, and then instantly compares the prices online to see whether a better deal is available.

6 0
3 years ago
Read 2 more answers
A truck that cost $72,000 and on which $60,000 of accumulated depreciation has been recorded was disposed of for $18,000 cash. T
Mekhanik [1.2K]

Answer:

Gain of $6,000.

Explanation:

Calculation to determine what The entry to record this event would include

Using this formula

Gain=(Accumulated depreciation+Cash)-Cost

Let plug in the formula

Gain=($60,000+$18,000)-$72,000

Gain=$78,000-$72,000

Gain=$6,000

Therefore The entry to record this event would include a gain of $6,000

4 0
3 years ago
Tariffs are a tax placed on ✔ imported goods.
xxTIMURxx [149]

Answer:

Imported, an advantage, more.

Explanation:

  • This is done to discourage the use of foreign items and use of domestically made products. This helps the domestic companies to get their advantage in profit and sales. Thereby making the imported goods more expensive and discourages their use.
6 0
3 years ago
ABC Bank requires a 20% down payment on all home loans. If a house is
AnnyKZ [126]

Answer:i think C

Explanation:

8 0
3 years ago
Your investment club has only two stocks in its portfolio. $10,000 is invested in a stock with a beta of 0.4, and $40,000 is inv
pav-90 [236]

Answer:

Portfolio's beta is 1.04.

Explanation:

Portfolio's beta is the weighted average beta. So, take weightage of each stock, multiply it with the respective beta, and add the results.  

Finding Portfolio value for Weightages:

Total Amount Invested OR Portfolio value is = 10,000 + 40,000 = $50,000

Weighted Average Beta:

(10,000 / 50,000) * (.4) + (40,000 / 50,000) * (1.2) = .08 + .96 = 1.04.

Thanks!

5 0
4 years ago
Other questions:
  • Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1. Accounts receivable $ 40
    8·1 answer
  • Tokoni is a manager at a local toyota dealership who has lost five of his employees last year. now he has to make a decision abo
    6·1 answer
  • The Department of Defense publishes pay charts for enlisted and officer pay. This indicates the level of ______ in the DOD. A. p
    14·1 answer
  • A company began the year with Property and Equipment costing $680,000 and accumulated depreciation of $120,000. The only change
    9·1 answer
  • Xminus−Industries manufactures 3minus−D printers. For each​ unit, $ 3 comma 200$3,200 of direct material is used and there is $
    7·1 answer
  • If a Japanese company opens a new factory in South Korea, it makes a. foreign direct investment. The factory will make a bigger
    5·1 answer
  • Andrews Corporation uses the weighted-average method of process costing. The following information is available for February in
    5·1 answer
  • To show a decrease in any asset on a T account, that entry must be made on the _____ Answers-Credit side, debit side or balance
    12·1 answer
  • The CAPM is a theory of the relationship between risk and return that states that the expected risk premium on any security equa
    10·1 answer
  • at the end of the fiscal year, jack's company sells their bicycles in thailand at below what it costs to produce the bikes in or
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!