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
True [87]
3 years ago
14

Becker Office Service purchased a new computer system in Year 1 for $35,000. It is expected to have a five-year useful life and

a $3,800 salvage value. The company expects to use the system more extensively in the early years of its life. Requireda. Calculate the depreciation expense for each of the five years, assuming the use of straight-line depreciation.
Business
1 answer:
timofeeve [1]3 years ago
5 0

Answer:

Under straight line depreciation, the depreciation expense per year for every year will be $6240

Explanation:

The straight line depreciation charges a constant depreciation expense per year through out the useful life of the asset regardless of how it is used over the useful life. The formula for straight line depreciation expense per year is,

Depreciation expense per year = (Cost - Salvage Value) / estimated useful life

Depreciation expense per year = (35000 - 3800) / 5  =  $6240

You might be interested in
Which financial activity helps a company based in another country?
AlekseyPX
The financial activity that helps a company based in another country is : A. Foreign direct investment

Foreign direct investment is a type of investment in the form of ownership of a business entity by an entity in another country. For example : Berkshire Hathaway ownership of a an entity in Indonesia
7 0
3 years ago
Read 2 more answers
The Good Roads Amendment requires that _______ percent of road-user fees be spent on building and maintaining roads.
suter [353]

Answer:

75 percent

Explanation:

The good roads amendment is a law enacted by legislatives in the USA states that ensure maintenance of roads in each state as well as interconnecting roads.

It states, amist other things, that 75% of road user fees collected through tolls and other means are spent on road maintenance.

Cheers.

8 0
4 years ago
Companies HD and LD have the same total assets, sales, operating costs, and tax rates, and they pay the same interest rate on th
aliina [53]

Answer:

B) Company HD has more net income.

Explanation:

The total debt to capital ratio is calculated by dividing total liabilities by the sum of total shareholders' equity + total debt:

  • debt to capital ratio = total debt / (total debt + total equity)

Since company HD uses more debt to finance its operations, its net income will be lower since it has to pay more interests, but its ROE will be higher since equity is much lower also. Companies that use a lot of financial leverage are more risky but at the same time can generate higher returns to their owners.

7 0
3 years ago
Is it possible for a firm to become too big to be competitive and earn profit?
Usimov [2.4K]
The answer is yes.
 Its possible for a firm to become too big to be competitive and earn profit. They can be so large and successful that they no longer compete with small businesses anymore and might inhibit the ability to continue earn their profit. 

6 0
4 years ago
Reasons a business might fail are
Basile [38]
It might fail because of competition.
3 0
3 years ago
Read 2 more answers
Other questions:
  • What will happen in the gasoline market now if buyers expect higher gasoline prices in the near future?
    10·1 answer
  • The Fram family has liabilities of $167,00 and assets of $433,000. <br> What is their debt ratio?
    8·1 answer
  • On December 1, 2013, Keenan Company, a U.S. firm, sold merchandise to Velez Company of Canada for 150,000 Canadian dollars (CAD)
    12·1 answer
  • Suppose that last semester your semester GPA was 1.601.60 and your resulting cumulative GPA was 2.732.73. ​Next, suppose that th
    14·1 answer
  • How is sales tax similar to a flat tax?
    9·2 answers
  • Annyeonghaseyo, I have 1000+ followers in my Indian account Coz I'm an Indian, if you don't believe, then watch my following. Th
    8·1 answer
  • A concrete block making company is developing an aggregate capacity plan from the following sales forecast for its 6” and 8” con
    6·1 answer
  • TRUE OR FALSE?
    15·2 answers
  • which management employability skill involves being able to move beyond established ideas and rules to set up new models and pro
    8·1 answer
  • in 2022, a taxpayer (with $26,500 of employee compensation) was allocated $176,000 of self-employment income. calculate the amou
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!