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max2010maxim [7]
3 years ago
14

On January 1, Noonan Company purchases equipment for $100,000. The equipment is expected to have a useful life of 5 years and wi

ll have no value at the end of that period. Noonan allocates the cost equally over the period of use so the depreciation expense that must be recognized for the year is:
Business
1 answer:
PtichkaEL [24]3 years ago
7 0

Answer:

$20,000

Explanation:

Since the cost is allocated equally, the depreciation expense on the purchased equipment will be calculated as:

                                                                 =  <u>Cost of equipment- Scrap value</u>

                                                                        Useful life

                                                                 =  <u>$100,000 - $0</u>

                                                                        5 years

                                                                = $20,000

Based on the above, the depreciation expense for the year that must be recognized by Noonan Company is $20,000.

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The life span of a record that follows a set of phases from creation to final disposition is called the ___________.
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Answer:

The correct answer is: records and information life cycle.

Explanation:

The records and information life-cycle management is a practice that implies a set of steps to store and dispose of information. The approach comprehends the creation of the piece of information, processing, distribution, organization, storage, and eventual disposition.

3 0
3 years ago
Using the weighted-average method, the equivalent units for materials are: 33,000. 41,000. 36,000. 44,000. 32,000.
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Answer: $44,000

Explanation:

Equivalent units for materials in this scenario would be:

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= 33,000 + 3,000 + 8,000

= $44,000

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5 0
3 years ago
Credit terms are terms for a.when payments for merchandise are to be made with cash. b.when the payments for merchandise are to
tatiyna

Answer: b.when the payments for merchandise are to be made.

Explanation:

Credit terms refers to the payment terms which are mentioned on the invoice when a good is bought.

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8 0
2 years ago
the common stock of salazar insurance pays a constant annual dividend of $4.80 per share. what is one share of this stock worth
kotegsom [21]

Market Price =$36.09,is one share of this stock worth at a discount rate of 13.3 percent.

<h3>Common stock: What does that mean?</h3>

A security that symbolizes ownership in a firm is called common stock. Common stock owners choose the executive board and cast ballots for corporate rules. This kind of stock ownership frequently offers better long-term rates of return. Common stock is not subject to either assets or liabilities.

<h3>How are shares & common stock different from one another?</h3>

Definition: The term "stock" refers to the holder's interest in one or more businesses. A single share of interest in a firm is referred to as a "share" in contrast. For instance, if X has stock investments, X may have a collection of shares from various companies.

<h3>Briefing:</h3>

Market price = dividends per share

P0 = $4.80/.133

P0 = $36.09

Market Price =$36.09

To know more about common stock visit:

brainly.com/question/13762106

#SPJ4

5 0
1 year ago
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