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exis [7]
4 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]4 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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Which of the following is a responsibility of an HR manager?
tresset_1 [31]

Answer:

C. Making final decisions on whom to hire

Explanation:

Human resources (HR) manager is someone responsible for the planning, directing, and coordination the administrative functions of an organization. The responsibility of a HR manager are:

  1. Responsible for the recruiting of new company staffs.
  2. They are involved in strategic planning within the organization.
  3. They serve as a link between the management of an organization and its employees.
  4. Determining salaries of employees.
  5. Responsible for induction and training of staffs.
6 0
3 years ago
Read 2 more answers
Ten years ago, Emma purchased an investment for $22,500. The investment earned 7 percent interest each year. What is the value o
Komok [63]

Answer:

$44,325.

Explanation:

In this question we use the future value formula which is shown below:

Future value = Present value × (1 + interest rate)^number of years

                     = $22,500 × (1 + 0.07)^10

                     = $22,500 × 1.97

                     = $44,325

We simply applied the future value by considering the present value, interest rate and the number of years

7 0
3 years ago
Think about a country where most economic production results in air pollution that creates lots of smog. What would be the trade
Luba_88 [7]

Answer:

1.Nigeria is a country where most economic production results in air pollution.

2. A healthier environment with longer life spans would be a trade-off for reduced air pollution.

Explanation:

A trade-off is what a person stands to gain or lose in exchange for something else. Nigeria is a country with many industries located around residential buildings. These industries tend to produce gas flares that are inimical to the health of the inhabitants. Residents in these areas tend to develop serious and complicated health issues because of air pollution.  

Reducing this air pollution will result in improved health for residents and longer life spans.

8 0
3 years ago
You know the following information about the Miller State Bank Gross Loans$300 Miscellaneous Assets$50 Deposits$390 Total Equity
lesantik [10]

Answer:

The Firm's Total Liabilities is $450

Explanation:

Use the accounting equation to calculate the Total Liabilities

Total Assets = Total Equity + Total Liabilities

Now rearrange the accounting equation to make the required formula

Total Liabilities = Total Assets - Total Equity

Where

Total Assets = $500

Total Equity = $50

Placing values in the formula

Total Liabilities = $500 - $50

Total Liabilities = $450

8 0
3 years ago
Samantha Jones had the following itemized deductions. Donations to church and other charities $ 2,150 Medical and dental expense
vlabodo [156]

Answer:

Samantha should use the standard deduction.

Explanation:

Samantha's total itemized deductions include:

  • donations to church and other charities $2,150
  • medical and dental expenses (exceeding 10%) $1,270
  • State income tax $960
  • Job related expenses (exceeding 2%) $1,485
  • total $5,865

Samantha's standard deduction = $6,350, since it is higher than her itemized deductions, then she should use the standard deduction.

3 0
3 years ago
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