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neonofarm [45]
3 years ago
15

Leslie, Inc., followed the practice of depreciating its building on a straight-line basis. A building was purchased in 2016 and

had an estimated useful life of 25 years and a residual value of $20,000.
The company's depreciation expense for 2016 was $15,000 on the building.

What was the original cost of the building?
a. $395,000
b. $500,000
c. $520,000
d. Cannot be determined from the information given.
Business
1 answer:
Phoenix [80]3 years ago
6 0

Answer:

a. $395,000

Explanation:

Since the depreciating method is practiced in a straight-line basis, the equation for the value of the building as a function of the time in years (V(t)) is:

V(t) = -kt + C

Where k is the yearly depreciation rate of $15,000 per year and C is the initial cost.

For t = 25 years, V(t) = $20,000. Thus:

V(t) = -15,000t + C\\V(25) = 20,000 = -15,000*25 +C\\C= 20,000 + 15,000*25\\C= 395,000

The original cost of the building was $395,000

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A new security system has a price-tag of $7,500, but should save your company $3,275 each year for the next 10 years in reduced
goldenfox [79]

The IRR of the security system is 42.40.

An example of security is while you are at domestic with the doorways locked and also you feel secure. An employer or department whose venture is safety or safety, esp. A non-public police pressure is employed to patrol or protect a construction, park, or another vicinity. if you see an interloper, name safety.

Securities are fungible and tradable monetary gadgets used to elevate capital in public and personal markets. There are typically three kinds of securities: fairness—which presents possession rights to holders; debt—basically loans repaid with periodic payments; and hybrids—which combine elements of debt and fairness.

Security trouble is any unmitigated risk or vulnerability in your device that hackers can use to do damage to structures or statistics. This includes vulnerabilities inside the servers and software connecting your business to customers, as well as your enterprise strategies and those.

Using TVM Calculation,

Present Value of savings = [FV = 0, PMT = 3,375, N = 10 , I = 7,500]

PV = 3375

PI = 33750/7,500

PI = 4.50

Time Cashflows

0        -$7,500.00

1         $3,275.00

2         $3,275.00

3         $3,275.00

4         $3,275.00

5         $3,275.00

6         $3,275.00

7         $3,275.00

8         $3,275.00

9        $3,275.00

10        $3,275.00

IRR        42.39%

Learn more about security here brainly.com/question/7449721

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8 0
1 year ago
An age-appropriate skill is best defined as a skill that is appropriate to the student's
geniusboy [140]
Age age age age age.
8 0
3 years ago
When shipments from a number of sources are combined into one larger shipment going to a single location, the operation is known
Anit [1.1K]

When shipments from a number of sources are combined into one larger shipment going to a single location, the operation is known as warehouse consolidation.

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Cargo is a word used as a noun to describe goods being transported. Shipping is a word that is used both as a noun and as a verb. When used as a verb, it includes the word ship and thus refers to the actual transportation of goods, not necessarily by sea.

Total shipments represent the quantity shipped by regular shippers or the quantity paid by regular shippers during the base period, whichever is greater.

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7 0
1 year ago
Brandon, the Marketing Manager at a public relations firm, suspects that one of his team members, Ross, has been engaging in sub
shepuryov [24]

Answer:

b. An employee assistance program

Explanation:

The employee asssitance program is the program in which it offers free of cost and the assessment that are confidential in all respect. It includes short-term counselling, references, follow up services to the employees who has the personal or work related issues

Since Brandon wants to help Ross and also he dont want to lose his job

so this given situation represent the assistance program

Therefore the option b is correct

5 0
3 years ago
The historical cost principle requires that when assets are acquired, they be recorded at
Marta_Voda [28]

The historical cost principle requires that when assets are acquired, they be recorded at cost.

The historical cost principle is an accounting principle under the US GAAP. It entails recording the cost of an asset on the balance sheet at the cost with which the asset was purchased regardless of the changes in the value of the asset.

For example, if a machine was purchased at a cost of £2000. If the historical cost principle is used, the machine would be recorded at £2000 on the balance sheet.

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7 0
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