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3241004551 [841]
3 years ago
7

DLW, Inc just started its business. DLW purchased factory equipment for $800,000 on January 1. It is estimated that the equipmen

t will have a $30,000 salvage value at the end of its estimated 10-year useful life. If the company uses the straight-line method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be:
Business
1 answer:
igor_vitrenko [27]3 years ago
6 0

Answer:

Annual depreciation= $77,000

Explanation:

Giving the following information:

Purchase price= $800,000

Salvage value= $30,000

Useful life= 10 year

Under the straight-line method of depreciation, the depreciation expense is constant along the useful life.

We need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (800,000 - 30,000)/10

Annual depreciation= $77,000

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lesya [120]

Answer:

See below

Explanation:

A supply schedule shows the quantities that suppliers are willing to sell in the market at different prices. It is a table format with quantity on one column and prices on another. As per the law of supply, high prices lead suppliers to supply more at the market.

The supply schedule illustrates in a table format the relations between the price and the quantity supplied. It will show how the quantity increase as prices increases. The supply schedule is a tabular representation of the supply curve.

7 0
3 years ago
Edwards Company manufactures low-cost wooden chairs and uses activity-based costing. The following information is for the month
Airida [17]

Answer:

$37.80

Explanation:

Particulars                                           Amount       Calculations

Direct materials                                    $7.00

Handling                                               $2.80          ($3,500/5,000*4 parts)

Assembling                                           $9.60          ($12,000/5,000*4 parts)

Packaging                                             <u>$18.40 </u>        ($5,750/1,250*4 parts)

Total manufacturing cost per chair   <u>$37.80</u>

3 0
3 years ago
When Yolanda asked her firm's advertising agency to estimate how often consumers saw her firm's IMC message and what percentage
Tcecarenko [31]

Answer:

A. 160

Explanation:

8 0
2 years ago
Tina and Bob formed the TB Partnership four years ago. Because they decided the company needed some expertise in multimedia pres
borishaifa [10]

Answer:

$25,000 will be an ordinary income(FMV)

Explanation:

Kate received an offer of unrestricted partnership capital interest for the expertise services. so, Kate recognizes it's an "ordinary income"which should be booked at the fair market value of the partnership interest so offered.

i.e $25,000 is ordinary income (FMV)

6 0
3 years ago
Name the four major categories of primary energy use in an industrial society, and match the energy sources that correspond to e
Fittoniya [83]

Four major categories of Primary energy use are:

1. Transportation

2. Industrial Process

3. Commercial and residential use

4. Generation of electrical power

Transportation depends entirely on petroleum, whereas nuclear power, coal, and water power are limited to the production of electricity. Electricity is in most commercial and residential use. Industrial processes use natural gas, oil, and electricity. Some oil, natural gas and biomass are used for the generation of electricity.

6 0
3 years ago
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