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exis [7]
3 years ago
15

On june 30, 2016, colora printers purchaed a printer for 69,000. it expects the printer to last for four years and have a residu

al value of 10,000. compute the depreciation expense on the printer for the year ended december 31, 2016, using the straight line method.
Business
1 answer:
krok68 [10]3 years ago
3 0

Answer:

The depreciation expense on the printer for the year ended december 31, 2016 was $7,375

Explanation:

Colora Printers uses the straight-line method of depreciation, Depreciation Expense each year is calculated by following formula:  

Annual Depreciation Expense = (Cost of the printer − Residual Value)/Useful Life  = ($69,000 - $10,000)/4 = $59,000/4 = $14,750

In 2016, the printer was used from June 30 to December 31 (6 months - half-year).

Depreciation Expense for 2016 = ($14,750/12) x 6 = $7,375

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vampirchik [111]

Answer: all money in circulation throughout the economy

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According to classical economics, a decrease in aggregate demand causes the price level to _____________ in the long run. On the
shtirl [24]

Answer: Decrease, Increase, Price flexibility.

Explanation: According to classical economics, a decrease in aggregate demand causes the price level to DECREASE in the long run. On the other hand, an increase in aggregate demand causes the price level to INCREASE in the long run. These changes occur because of PRICE FLEXIBILITY.

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Is also known as oral administration.
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D. Ingestion

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8 0
3 years ago
Sparty Corporation has provided the following information for its most recent year of operation:
Wewaii [24]

Answer:

E. $40,600

Explanation:

Calculation for the amount of net income reported on Sparty's income statement

Revenue $97,000

Less: Operating Expenses $39,000

Profit Before Tax $58,000

(97,000-39,000)

Less Taxes $17,400

Net Income $40,600

($58,000-$17,400)

Therefore the amount of net income reported on Sparty's income statement will be $40,600

7 0
3 years ago
Cool Beans is a locally owned coffeeshop that competes with two large coffee chains, PlanetEuro and Frothies. Alicia, the owner,
erma4kov [3.2K]

Answer:

0.9717 per unit sold (approx)

Explanation:

Here, we are assuming 52 weeks in a year.

Contribution margin:

= (Sales revenue - variable cost) ÷ sales revenue

= [(3.52 × 10 + 3.52 × 0.18 × 540 × 52) - (3.52 × 0.26 × 551)] ÷ (3.52 × 10 + 3.52 × 0.18 × 540 × 52)

=  [(35.2 + 17,791) - (504)] ÷ (35.2 + 17,791)

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= $0.9717 per unit sold (approx)

5 0
3 years ago
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