Answer:
$180,000
Explanation:
A sunk cost refers to the cost that is incurred by the businesses but this cost cannot be recovered by the businesses.
Here, given that
Cost of equipment = $600,000
Accumulated depreciation = $420,000
Cost of new machine = $790,000
In this situation, the sunk cost is determined by subtracting the cost that are related to previous year from the cost of the equipment.
Sunk cost = Cost of equipment - Accumulated depreciation
= $600,000 - $420,000
= $180,000
Answer and Explanation:
The computation of the depreciation expense under the straight-line method is shown below:
= (Purchase cost - residual value) ÷ (Remaining life left)
= ($61,300 - $5,900) ÷ ( 8 - 2)
= $55,400 ÷ 6 years
= $9,233.33
Now for the six months it would be
= $9,233.33 × 6 months ÷ 12 months
= $4,616.67
The asset turnover is the turnover that comes by dividing the revenue from the average of the total assets
Here as per the given option the second option is correct as it correctly represents the asset turnover
Answer:
Par value of common stock is $2.5
Explanation:
The par value of common stock can determined by dividing the common stock total amount in each of the two years by the shares issued and outstanding in each year as demonstrated below:
2019:
Par value of common stock =Common stock($)/shares issued
common stock($) is $555 million
shares issued and outstanding is 222 million shares
par value of common stock=$555 million/222 million=$2.5
2020:
Par value of common stock =Common stock($)/shares issued
common stock($) is $560 million
shares issued and outstanding is 224 million shares
par value of common stock=$560 million/224 million=$2.5
Ultimately the par value of common stock as shown be computations for both years is $2.5
Life without math cause math helps science out ,bills and taxes just calculating things overall involves math into it
Answer:
Schrock record the $65,920 as the cost of the new van
Explanation:
The computation of cost of the new van is computed below:
= Purchase cost + sales tax + logo cost + safety testing cost
= $60,000 + $4,500 + $1,200 + $220
= $65,920
where,
Purchase cost is $60,000
Sales tax is $4,500
Logo cost is $1,200
Safety testing cost is $220
The van annual license is not included in the cost of new wan. Thus, it is not consider in the computation part.
Hence, Schrock record the $65,920 as the cost of the new van
