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Nitella [24]
3 years ago
11

On January 1, a machine with a useful life of five years and a residual value of $5,000 was purchased for $25,000. What is the d

epreciation expense for year 2 under straight-line depreciation?a. $5,000b. $15,000c. $4,000d. $12,000
Business
1 answer:
emmasim [6.3K]3 years ago
7 0

Answer:

c. $4,000

Explanation:

The computation of the depreciation expense for year 2 under straight-line method is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($25,000 - $5,000) ÷ (5 years)

= ($20,000) ÷ (5 years)  

= $4,000

In this method, the depreciation is same for all the remaining useful life i.e $4,000 is charged for remaining three years

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Explanation:

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3 years ago
The debt of state and local governments is mostly? owed to citizens of other nations. external. worthless internal.
topjm [15]

The debt of state and local government is mostly an external debt.

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3 0
1 year ago
A type of partnership called a ___________ acts much like a corporation and is traded on stock exchanges, but it is taxed like a
Gekata [30.6K]
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4 0
3 years ago
Which methods of paying for college do not require repayment? Check all that apply.
Svetradugi [14.3K]

Answer:

The correct answer would be option D, Scholarships

Explanation:

Scholarships are basically grants, given to students who cannot pay for their education expenses. Grants are the funds that are given to an entity by the Government or financial institution or any institution which the receiving party is not required to repay. Grants are usually given to the non profit organizations, Educational institutions, individuals or businesses to help them grow and meet their expenses better. So scholarships are the grants given to students by the college authorities to continue their education and meet their educational expenses and the students are not required to payback these student scholarships.

8 0
3 years ago
Read 2 more answers
Emerson Inc.'s would like to undertake a policy of paying out 45% of its income. Its latest net income was $1,250,000, and it ha
AfilCa [17]

Answer:

$2.50

Explanation:

Given that,

Dividend Paying out under a policy = 45% of its income

Net income = $1,250,000

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= 45% of its income

= $ 1,250,000 × 45%

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Dividend per share:

= Total dividends ÷ Number of shares outstanding

= $562,500 ÷ 225,000

= $2.50

7 0
3 years ago
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