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Finger [1]
3 years ago
12

Brinkman Corporation bought equipment on January 1, 2007 .The equipment cost $90,000 and had an expected salvage value of $15,00

0. The life of the equipment was estimated to be 6 years.72. The depreciable cost of the equipment isa. $90,000b. $75,000c. $50,000d. $12,500
Business
1 answer:
trapecia [35]3 years ago
5 0

Answer:

b. $75,000

Explanation:

Depreciable cost is the amount of an asset's cost that will be depreciated. Depreciable cost is calculated by using purchase and installation cost of a fixed asset, minus its estimated salvage value at the end of its useful life.

Depreciable cost = Total asset cost - salvage value = $90,000 - $15,000 = $75,000

The company then uses a depreciation method, such as the straight-line method, to calculate depreciation expense of the equipment.

Example:

Annual Depreciation expense = $75,000/6 = $12,500

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<h3>Why can this question not be answered?</h3>

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Find out more on databases at brainly.com/question/518894.

5 0
2 years ago
Each of the following items must be considered in preparing a statement of cash flows. Indicate where each item is to be reporte
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6 0
3 years ago
Read 2 more answers
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Len [333]

Answer:

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Explanation:

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It is has been estimated that there are ________ varieties of psychopathology.
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If Sue, owner of Camp Bow Wow in Boulder, Colorado, says Heidi Granahl, CEO and founder of Camp Bow Wow, is a leader who establi
sashaice [31]

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