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Yakvenalex [24]
3 years ago
11

On January 1, 2016 Ballard Company spent $13,000 on an asset to improve its quality. The asset had been purchased on January 1,

2015 for $40,000. The asset had a $7,600 salvage value and a 6-year life. Ballard uses straight-line depreciation. What would be the book value of the asset on January 1, 2019
Business
1 answer:
tekilochka [14]3 years ago
4 0

$24,800 would be the book value of the asset on January 1, 2019

Explanation:

Straight-line depreciation is a popular depreciation process in which the value of a fixed asset slowly declines over its useful life.

Straight line depreciation is the default method used to slowly reduce the amount of a fixed product over its useful life.

Divide the estimated useful life (in years) into 1 to arrive at the straight-line depreciation rate.

Multiply the depreciation rate by the asset cost (less salvage value).

For example, if a of $20,000 and a useful life of 5 years. The straight line depreciation for the machine would be calculated as follows: Cost of the asset: $100,000. Cost of the asset – Estimated salvage value: $100,000 – $20,000 = $80,000 total depreciable cost.

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A real estate salesperson is often approached by home buyers of a particular race. His usual practice is to show them homes in n
guapka [62]

Answer: Racial steering

Explanation: Racial steering refers to the practice in which real estate brokers guide prospective home buyers towards or away from certain neighborhoods based on their race .Another example of racist practices is racial steering, in which real estate agents direct prospective homeowners toward or away from certain neighbourhoods based on their race.Steering can take several forms. Information steering occurs when minority homeseekers are shown or given information on fewer homes or neighborhoods than non minority homeseekers. Segregation steering occurs when minorities are shown homes in areas with larger minority populations than areas shown to non minorities. And class steering occurs when neighborhoods shown to minority homeseekers are of lower socioeconomic status than those shown to non minorities. Several actors in the housing industry engage in steering. Mortgage lenders and insurance agents often provide less information and offer fewer, more expensive, and lower quality products to non white households or residents of non white communities than they do for whites and predominantly white communities.

4 0
3 years ago
Plack Co. purchased 10,000 shares (2o/o ownership) of Ty Corp. on February 14, Year 1. Plack received astock dividend of 2,000 s
timofeeve [1]

Answer:

d. $94,000

Explanation:

April 30th:

2,000 shares x $35 per share = 70,000 sotck dividends

December 15th:

12,000 shares x $ 2 per share =   24,000 cash dividends

                                   total            94,000

The dividend income will be for 94,000 the sum of both proceeds fom Ty Corp

Plack will declare income for both, the stock received and the cash dividends.

5 0
2 years ago
The ponderosa bank receives a new deposit of $2,500. the reserves requirement is 20 percent. How much can this bank loan out as
777dan777 [17]

$2,000 bank loan out as a result of this deposit.

Banks create new money by making loans. Banknotes issued by banks are not stamped with the stamp of the federal reserve bank. It is electronic money that glows on the screen when checking the balance at an ATM. Banks can generate money through the accounts they use when making loans.

Therefore, when the bank receives additional deposits, it receives an equal amount of reserves. If you lose your deposit, you lose an equal amount of your reserve.

A deposit is a financial term that means money held in a bank. A deposit is a transaction of transferring funds to another party for safekeeping.

Learn more about deposits here brainly.com/question/3148274

#SPJ4

3 0
1 year ago
A corporate charter specifies that the company may sell up to 20 million shares of stock. The company issues 12 million shares t
Maksim231197 [3]

Answer:

The correct aswer is B) 20 million shares.

Explanation:

The issuance of shares is widely used by companies when it comes to seeking capital, that is, to capitalize. The initial issuance of shares is known as "primary placement." Once the first issue is finished, the company may continue to issue shares as a way to increase its capital.

In the case described, regardless of the shares that are put up for sale, the minutes clearly state that the maximum number that can be sold is 20 million. When the information is updated in the future, this value will change.

6 0
3 years ago
Lidell Inc. budgeted production of 48,000 personal journals in 20Y6. Each journal requires assembly. Assume that three minutes a
mote1985 [20]

Answer:

Direct labor cost= $31,200

Explanation:

Giving the following information:

Production= 48,000 units

Standard time= 3 minutes per unit

Rate= $13 per hour

First, we need to calculate the number of hours required:

The proportion of minuted per hour= 3/60= 0.05

Number of hours= 48,000*0.05= 2,400 hours

Now, the direct labor cost:

Direct labor cost= 2,400*13= $31,200

7 0
3 years ago
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