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alina1380 [7]
3 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]3 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.

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3 years ago
The journal entry to record employer payroll taxes owed affects ______.
weeeeeb [17]

Answer:

a) liabilities only

Explanation:

The journal entry to record the payroll tax expense is shown below:

Payroll tax expense A/c Dr

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     To Medicate tax payable A/c

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(Being the payroll tax expense is recorded)

The payroll tax expense is shown on the debit side of the income statement whereas payroll tax payable is shown on the liabilities side of the balance sheet

5 0
4 years ago
An insurance company has offered your friend the choice of $45,000 per year for 15 years, with the first payment being made toda
TiliK225 [7]

Answer:

$427,011.92

Explanation:

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Given that,  

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The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

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8 0
4 years ago
Arron, the CEO of a multinational corporation, believes that effective control in an organization comes from each employee's int
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Answer:

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The organisations which overlook personal interest of employees cannot become successful. Hawthorne says that we can motivate the employees more by placing them in a team.

The employees of every organisation must communicate and convey information.They must understand the emotions of other employees.It will help in resolving various conflicts and arrive at the solutions quickly without wasting the time. It will improve relationships.

So human relation movement plays a very optimistic role in the success of a concern because an organisation's real assets are it's human resources.Without work force an organisation stands nowhere.

3 0
4 years ago
Who pays taxes in a corperation?
atroni [7]

Answer:

<em>Companies, both private and public which are registered in India under the Companies Act 1956, are liable to pay corporate tax. For the assessment year 2014-15, domestic companies are taxed at the rate of 30%.</em>

Explanation:

<h3><em>I </em><em>hope</em><em> this</em><em> helps</em><em>!</em></h3>
7 0
2 years ago
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