A.8 B.15 C.26 D.52 if anyon can help i would be so happy

Sadler Corporation purchased equipment to be used in manufacturing. The purchase was made at the beginning of 2015 by paying cas

il63 [147K]

Answer:

The journals entry to record depreciation on the equipment for 2016 will be:

Debit Depreciation expense $14,000

Credit Accumulated depreciation $14,000

(To record depreciation expense for Year 2016)

Explanation:

Under straight-line method, depreciation expense is (cost - residual value) / Estimated useful life = ($150,000 - $10,000) / 10 years = $14,000 yearly depreciation expense. This applies to Years 2015 and 2016.

The change in the estimate in Year 2017 will not affect the depreciation expense for 2016 based on the previous parameters,

6 0

3 years ago

Shauna Lee Company expects the following for 2024: • Net cash provided by operating activities of $140,000. • Net cash provided

Assoli18 [71]

Answer:

See below

Explanation:

Computation of Cash flow

Net cash provided by operating activities

$140,000

Less:

Net cash used for investing activities

($86,000)

Less:

Net cash provided by financing activities

(64,000)

Ending cash balance

($10,000)

Therefore, Lee would expect free cash flow of ($10,000) for 2024.

6 0

2 years ago

Ruby enjoys working with other people. She has excellent leadership, interpersonal, and communication skills that she would like

Anna11 [10]

A teacher. Either that, or a manger

4 0

3 years ago

Read 2 more answers

Angela wants to calculate her take-home pay. She earns $1,377 monthly. She pays federal tax of $200, state tax of $41.31, and 7.

mario62 [17]

Angela wants to calculate her take-home pay. She earns $1,377 monthly.
She pays federal tax of $200
state tax of $41.31,
and 7.65% in FICA tax.
Let's solve for Angela's monthly net pay.
=> 1 377 dollars * 0.0765 = 105.34 dollars is the FICA tax
=> 1 377 - (105.34 + 200 + 41.31)
=> 1377 - 346.65 = 1030.35 dollars is her monthly net pay,

3 0

3 years ago

Read 2 more answers

Apex Fitness Club uses straight-line depreciation for a machine costing $23,860, with an estimated four-year life and a $2,400 s

maria [59]

Answer:

1. Book value at end of year 2 = $13,130

2. Depreciation from year 3 for last 3 years = $3,710 each year, that is $11,130 for three years.

Explanation:

As for the provided details, we have:

Cost of machinery = $23,860

Expected life = 4 years