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Vedmedyk [2.9K]
2 years ago
12

Pearson Company bought a machine on January 1, 2014. The machine cost $144,000 and had an expected salvage value of $24,000. The

life of the machine was estimated to be 5 years. The book value of the machine at the beginning of the third year would be
a. $144,000.
b. $120,000.
c. $96,000.
d. $48,000.
Business
1 answer:
allsm [11]2 years ago
6 0

Answer:

Book value= $96,000

Explanation:

Giving the following information:

Pearson Company bought a machine on January 1, 2014. The machine cost $144,000 and had an expected salvage value of $24,000. The life of the machine was estimated to be 5 years.

Annual depreciation= (original cost - salvage value)/estimated life (years)

Straight-line depreciation= (144,000 - 24,000)/5= 24,000

Accumulated depreciation= 24,000*2= 48,000

Book value= 144,000 - 48,000= 96,000

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tester [92]

Answer:

The Maigold's free cash flow can be calculated using the below formula:

Cash Provided by Operations-Capital expenditure-Dividends paid

Explanation:

Cash provided by operations   $21700

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Dividends paid                          ($3500)

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2 years ago
Unearned revenue, which represents the company's obligation to honor gift cards previously issued to customers, totaled $6,800 a
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The correct answer is that there were $51,700 work of gift cards redeemed during the year.

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2 years ago
The Nautical Corporation manufactures custom-made wood wall units. The following data pertains to Job X4A: Direct materials plac
Leokris [45]

Answer:

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Explanation:

The total cost of Job X4A is the aggregate of direct material cost, direct labour cost and overhead applied. Overhead is absorbed on the basis of machine hours. Thus, we will multiply the overhead rate by machine hours and number of units produced.          

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3 0
2 years ago
foreign steel exports, a company based in brazil, colludes with other steel-export companies from around the world to agree on t
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This type of agreement is a violation of the Sherman Act.

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To learn more about Sherman Act: brainly.com/question/2119756

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7 0
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