1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
otez555 [7]
3 years ago
13

In computing depreciation, salvage value is a. The fair value of a plant asset on the date of acquisition. B. Subtracted from ac

cumulated depreciation to determine the plant asset’s depreciable cost. C. An estimate of a plant asset’s value at the end of its useful life. D. Ignored in all the depreciation methods.
Business
1 answer:
Kitty [74]3 years ago
4 0

Answer:

C.

Explanation:

In computing depreciation, salvage value is an estimate of a plant asset's value at the end of its useful life. The Salvage Value can be calculated by using the formula below.

Salvage Value = P(1-i)^{y}

Where:

  • P is the Original price of the asset
  • i  is the depreciation rate
  • y  is the age of the asset in years

This formula will give you the final value of the asset at the end of it's life cycle, to know how much it is worth to the company.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

You might be interested in
Spurling et al. investigated the effects of two vocabulary learning strategies on word retention two weeks later. in this exampl
oee [108]

Learning strategy is the <u>independent </u>variable and word retention is the <u>dependent </u>variable.

A dependent variable is the thing that is being measured or tested by changes in the independent variable. Spurling wanted to test how word retention <em>depended </em>on different learning strategies.

7 0
3 years ago
Read 2 more answers
Taxes that have wealthy people pay a higher rate of tax than average or poor people are called __________.
Furkat [3]
Taxes that have wealthy people pay a higher rate of tax than average or poor people are called Progressive tax. It is the type of tax that goes on increasing with increase of income. The people with higher income pays a higher amount of tax than the people with lower income. I hope the answer has helped you.
4 0
3 years ago
During​ December, LafertyLaferty designed a landscape plan and the client prepaid $ 8 comma 000$8,000. LafertyLaferty recorded t
liubo4ka [24]

Answer:

The answer is:

Dr Unearned Service Revenue 4,800

Cr Service Revenue 4,800

Explanation:

Since Laferty completed 60% of the landscape plan during this year, they should record $4,800 as earned revenue ($8,000 x 60%), while the remaining $3,200 should stay as unearned revenue. The journal entries should be as follows:

Dr Unearned Service Revenue 4,800

Cr Service Revenue 4,800

5 0
3 years ago
Francine is interested in starting a new financial services company where she will manage the investments of others. she wants t
amm1812
<span>Francine would be considered an entrepreneur because she is someone who initiates and assumes the financial risk of a new business enterprise.
</span>An entrepreneur is defined as someone who owns and operates a business or businesses and takes on a greater than normal financial risk to do that. An entrepreneur starts their own business and puts everything they have into making it successful, no matter the risk, they tend to take it to become successful.<span>
</span>
4 0
3 years ago
The town of Gracie has established a permanent fund to account for numerous significant gifts intended to maintain a cemetery in
Viktor [21]

Answer: B. Restricted Fund Balance

Explanation:

A Restricted Fund is created when the source of the funds sets certain stipulations for the use of the money which in this case is that the monies should be used for the maintenance of the cemetery. The monies will therefore be restricted to that use alone.

The Unspent Investment Earnings will be reinvested in the Permanent fund at the end of the year. The Permanent Fund is a Restricted fund account therefore the Unspent earnings will be classified as a Restricted fund balance as well.

4 0
3 years ago
Other questions:
  • Morris' company decided in the beginning of 2017 that they need to make $6,000,000 worth of improvements starting january 1, 202
    6·1 answer
  • According to the University of Michigan studies, leaders who are production oriented are described as emphasizing interpersonal
    11·1 answer
  • Eliminating _______ pushes idea creation and decision-making out of headquarters and into the field. none of these pay bonuses p
    6·1 answer
  • Besides band-aid kleenex and nike name atleast three other products that are trade marked
    13·1 answer
  • Petrus Framing's cost formula for its supplies cost is $1,710 per month plus $9 per frame. For the month of March, the company p
    8·2 answers
  • $1500 for supplies to sell at a football game. Total receipts for the venue was $3,700. What were her expenses as a percentage o
    11·1 answer
  • Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $380 million on July 1, 2018, at a price of $370
    5·1 answer
  • Kirksand airlines is well known for providing excellent customer service to its flyers. the staff members enquire and listen car
    9·2 answers
  • 6. What are complements? evonomics
    10·1 answer
  • Joshua controls all the pay​ rates, raises, and bonuses in your department. He is also able to assign you to an interesting work
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!