1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Radda [10]
3 years ago
9

Consider that a company bought a machine for 72,540 dollars. This equipment is assumed to have a life of 15 years and a salvage

value of 1,590 dollars. Compute the remaining value recorded in the accounting book for this machine at the end of year 3 based on the straight line depreciation method - standard method, not using US depreciation tables. (note: round your answer to the nearest cent, and do not include spaces, currency signs, plus or minus signs, or commas)
Business
1 answer:
pochemuha3 years ago
8 0

Answer:

58,350 dollars

Explanation:

In straight line depreciation, we calculate annual depreciation by using the formula shown below:

Annual Depreciation = \frac{Cost - Salvage}{Useful Life}

Given,

Cost is 72,540

Salvage Value is 1590

Useful Life = 15 years

We have:

Annual Depreciation = 72540-1590/15 = 4730

At end of Year 3, the total depreciation would be:

4730 * 3 = 14,190

The remaining value of the item would be:

Cost - Total Depn for 3 years

72,540 - 14,190

= 58,350 dollars

You might be interested in
Rudyard Corporation had 240,000 shares of common stock and 24,000 shares of 6%, $100 par convertible preferred stock outstanding
defon

Answer:

$1.90 per share

Explanation:

The computation of the diluted earning per share is shown below:

Diluted earning per share = Net income ÷ Weighted number of outstanding shares

where,

Net income is $680,000

And, the Weighted number of outstanding shares is

= 240,000 + 24,000 × 5

= 240,000 + 120,000

= 360,000 shares

So, the diluted EPS is

= $680,000 ÷ 360,000 shares

= $1.90 per share

We simply applied the above formula

8 0
3 years ago
What type of business organization should Luke, Austin, and R.J.<br> adopt?<br> Why?
GaryK [48]
This answer the question ok

6 0
3 years ago
If you sell only one or just a few items your business is
Harlamova29_29 [7]

that means simply your a business man seller

8 0
3 years ago
Read 2 more answers
Vaughn Manufacturing started business in 2012 by issuing 209000 shares of $21 par common stock for $28 each. In 2017, 25500 of t
marshall27 [118]

Answer:

A. $153,000

Explanation:

The Journal Entry is shown below:-

Property Dr,                                          $1,173,000

          To Treasure stock                     $1,020,000

           To additional paid-in-capital    $153,000

The computation is given below:-

For Property

= 25,500 × $46

= $1,173,000

For Treasure stock

= 25,500 × $40

= $1,020,000

For Additional paid-in-capital

= $1,173,000 - $1,020,000

= $153,000

6 0
3 years ago
What does increasing marginal opportunity costs​ mean? A. Increasing the production of a good requires smaller and smaller decre
lilavasa [31]

Answer:

B. Increasing the production of a good requires larger and larger decreases in the production of another good.

Explanation:

Opportunity cost refers to the foregone units of production of a good in exchange for producing units of another good.

Marginal cost on the other hand refers to additional cost incurred when an additional unit is produced.

Marginal opportunity cost relates to the additional opportunity cost incurred  when additional unit of second good is produced in exchange for foregoing or sacrificing units of production of first good.

Increasing marginal opportunity cost would mean as more and more units of good A are produced, for each extra unit of production of Good A, higher units of production of Good B are sacrificed i.e larger and larger decrease in the production of another good.

4 0
4 years ago
Other questions:
  • Accounting statements represent a company's earnings, but this is not the real cash that a company generates. Earnings data can
    14·1 answer
  • A simple economy produces two goods, Corn BreadCorn Bread and SoftwareSoftware.Price and quantity data are as follows:
    12·1 answer
  • The predetermined overhead rate for Zane Company is $5, comprised of a variable overhead rate of $3 and a fixed rate of $2. The
    14·2 answers
  • Which of the following arguments are inductive, and which are deductive? Just answer "inductive" or "deductive".
    5·1 answer
  • At the end of 2016, Splish Brothers Inc. has accounts receivable of $675,100 and an allowance for doubtful accounts of $24,370.
    9·1 answer
  • Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one uni
    10·1 answer
  • Since the mid-20th century, globalization has resulted in:
    9·2 answers
  • ______ across boundaries occurs even beyond the boundaries of the organization to include customers.
    5·1 answer
  • Guiding Question
    13·1 answer
  • Management generally resists allowing employees to manage their own workflow because it decreases their motiviation. please sele
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!