Answer:
What is the amount of depreciation that warren should record for year 3 under the straight-line depreciation method? $15500
Explanation:
Net Value Dep. year End Net value.
Year 1 55000 12000 43000
Year 2 43000 12000 31000
Year 3 31000 15500 15500
Year 4 15500 15500 0
Answer:
The market value of the stock is $41.8
Explanation:
Div 1 = Div 0 (1+r)
=3.80 (1+0.10)
=3.80(1.10)
=4.18
Market value of the stock= Dividend 1 / (r-g)
= 4.18 / 0.2 - 0.1
= 4.18 / 0.1
= $41.8
The market value of the stock is $41.8
Answer:
c. Accumulated Depreciation
Explanation:
The balance sheet is used to show the balance of the assets, liabilities and owners equity at a given period.
When a fixed asset is purchased, it is recognized at cost. As it is used, it is depreciated by debiting the depreciation expense in the income statement and crediting the accumulated depreciation in the balance sheet.
Hence the account other than Computers, that should appear on the balance sheet as of December 31, 2016 is Accumulated Depreciation
Answer:
An intangible asset's annual amortization expense reduces its value on the balance sheet, which reduces the amount of total assets in the assets section of the balance sheet. This occurs until the end of the intangible asset's useful life.
Explanation: