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Basile [38]
3 years ago
6

On January 1, 2016, Woodstock, Inc. purchased a machine costing $40,000. Woodstock also paid $1,000 for transportation and insta

llation. The expected useful life of the machine is 6 years and the residual value is $5,000.How much is the annual depreciation expense assuming use of the straight-line depreciation method?A. $6,100.B. $6,000.C. $5,950.D. $5,750.
Business
1 answer:
VikaD [51]3 years ago
8 0

Answer:

B. $6,000

Explanation:

The computation of the annual depreciation expense under the straight-line method is shown below:

= (Original cost - residual value) ÷ (useful life)  

= ($41,000 - $5,000) ÷ (6 years)  

= ($36,000) ÷ (6 years)  

= $6,000

The original cost is computed below:

= Purchase value + transportation and installation cost

= $40,000 + $1,000

= $41,000

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2 years ago
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In self managed teams, there is an expectation of increased productivity and quality of work life because employees are delegated greater authority and granted increased autonomy.

<h3>What is self managed team?</h3>

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2 years ago
Portfolio management matrices are applied to what level of strategy?.
bazaltina [42]

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Explanation:

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2 years ago
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specialization

Explanation:

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Which of the following statements is CORRECT? Select one: a. The capital structure that minimizes a firm's weighted average cost
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Answer:

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3 years ago
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