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
Shalnov [3]
3 years ago
6

Foxx Corp.'s comparative balance sheet at December 31, 2018 and 2017 reported accumulated depreciation balances of $1,245,000 an

d $900,000, respectively. Property with a cost of $75,000 and a carrying amount of $57,000 was the only property sold in 2018. Depreciation charged to operations in 2018 was:
Business
1 answer:
never [62]3 years ago
4 0

Answer:

The multiple choices are as follows:

a. $327,000.

b. $345,000.

c. $363,000.

d. $402,000.

The correct option is B,$345,000

Explanation:

The depreciation charged to operations in the year 2018 is the increase in accumulated depreciation in 2018 compared to 2017 accumulated depreciation i.e the actual depreciation charge incurred in the year 2018 is addition to accumulated depreciation in 2018, which is computed thus:

2018 accumulated depreciation     $1,245,000

2017 accumulated depreciation     ($900,000)

increase in 2018                                $345,000

Hence the depreciation in 2018 is $345,000,which is charged in the income statement for 2018 in order to arrive at net income

You might be interested in
How many people can fit into the pentagon, which was once the largest office building in the world? assume that everybody must b
ioda

The Pentagon is the world's largest office building, with about 6,500,000 sq ft (600,000 m2) of space, of which 3,700,000 sq ft (340,000 m2) are used as offices. Some23,000 military and civilian employees, and another 3,000 non-defense support personnel, work in the Pentagon.

Further Explanation:

5 sides to the Pentagon:

The structure was initially intended to fit onto a tract of land with fringes on five sides. At last, it was constructed somewhere else, at a site where a pentagonal shape was never again basic. Be that as it may, when of this area change, it was past the point where it is possible to think of another plan. So it stayed a pentagon.  

What occurs at the Pentagon:  

The Pentagon is the central command of the United States Department of Defense. As an image of the U.S. military, the expression The Pentagon is frequently utilized as a metonym for the Department of Defense and its administration.  

Pentagon without a visit:  

You needn't bother with a ticket to enter the remembrance and there is no security check, however officials of the Pentagon Police power are on obligation and can do spot checks whenever.

Subject: business

Level: High School

Keywords:  5 sides to the Pentagon, What occurs at the Pentagon, Pentagon without a visit.  

Learn more about evolution on:

brainly.com/question/11864374

brainly.com/question/10797267

3 0
3 years ago
Read 2 more answers
Present value with periodic rates. Sam​ Hinds, a local​ dentist, is going to remodel the dental reception area and add two new w
rusak2 [61]

Answer:

What will Sam have to pay for this equipment if the loan calls for semiannual payments ​(2 per​ year)

  • $2,820.62

and monthly payments ​(12 per​ year)?

  • $531.13

Compare the annual cash outflows of the two payments.

  • total semiannual payments per year = $2,820.62 x 2 = $5,641.24
  • total monthly payments per year = $531.13 x 12 = $6,373.56

Why does the monthly payment plan have less total cash outflow each​ year?

  • The monthly payment has a higher total cash outflow ($6,373.56 higher than $5,641.24), it is not lower. Since the compounding period is shorter, more interest is charged.

What will Sam have to pay for this equipment if the loan calls for semiannual payments ​(2 per​ year)?

  • $2,820.62 x 12 payments = $33,847.44 ($25,000 principal and $8,847.44 interests)

Explanation:

cabinet cost $25,000

interest rate 10%

we can use the present value of an annuity formula to determine the monthly payment:

present value = $25,000

PV annuity factor (5%, 12 periods) = 8.86325

payment = PV / annuity factor = $25,000 / 8.8633 = $2,820.62

present value = $25,000

PV annuity factor (0.8333%, 60 periods) = 47.06973

payment = PV / annuity factor = $25,000 / 47.06973 = $531.13

5 0
3 years ago
Backflush costing is a costing method that: Charges current production costs directly to finished goods inventory. Charges curre
pychu [463]

Answer:

Charges current production cost directly to work-in-process inventory

Explanation:

The blackflush costing is the costing method in which the present cost of production would be charged to the work in process inventory in a direct way

Therefore as per the given situation the second option is correct

ANd, the rest of the options are wrong as it does not meet the criteria

So the second option would be taken into consideration

7 0
3 years ago
1) This is a situation that exists when a country imports more than it exports
Vinil7 [7]

Answer:

Not a proper question.

Explanation:

3 0
3 years ago
Read 2 more answers
Manuel wants to sell his new product in foreign countries but with the least amount of risk to himself and his business. what ma
likoan [24]

In my view one of the safest ways to enter markets in foreign countries in strategic alliance with an existing business of that market.This existing business knows about the market Manuel wants to sell its' products in. Furthermore, this would allow Manuel to prepare a strategy accordingly.But, if he forms an alliance with a business that has a bad brand image,it can get tough for Manuel business to even start.Although, I strongly believe that this is one of the safest ways to enter a new market.But,before he takes this step,Manuel must prepare a business plan.


8 0
3 years ago
Other questions:
  • In any collaboration, data ownership is typically determined by:(A) The research team with access to the best lawyers.(B) The ty
    14·1 answer
  • The following expenditures relating to plant assets were made by Prather Company during the first 2 months of 2020. Opposite eac
    6·1 answer
  • At the beginning of the current period, Bramble Corp. had balances in Accounts Receivable of $196,800 and in Allowance for Doubt
    9·1 answer
  • A Metro City ordinance imposes a jail term, without a trial, on all vendors who operate in certain areas. A court would likely r
    8·1 answer
  • Higher interest rates result in less borrowing as ________ business projects become viable for a profit.
    7·1 answer
  • According to the Security Risk Management: Building an Information Security Risk Management Program From the Ground Up textbook,
    5·1 answer
  • At 4 percent inflation, how much time will it take for prices to double?
    13·2 answers
  • A quasi-public good is: A. a public good that is produced profitably by private firms, without government subsidy. B. one charac
    14·1 answer
  • Building, keeping, and growing profitable value-laden relationships with all customers of a company is called ________.
    6·1 answer
  • Why is organizational support for a health and safety training initiative so important for the success of the training program?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!