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Arada [10]
2 years ago
10

Joe's Quik Shop bought equipment for $25,000 on January 1, 2006. Joe estimated the useful life to be 5 years with no salvage val

ue, and the straight-line method of depreciation will be used. On January 1, 2007, Joe decides that the business will use the equipment for a total of 6 years. What is the revised depreciation expense for 2007?
a. $4,000
b. $2,000
c. $3,333
d. $5,000
Business
1 answer:
lora16 [44]2 years ago
8 0

Answer:

The correct answer is D. $5,000

Explanation:

Please remember that 3 inputs we need to remember when it comes to depreciation expense calculation is (1) Original cost, (2) Salvage value & (3) Expected useful life.The annnual depreciation expense is caluclated as below:

Depreciation expenses = (Original cost - Salvage value)/Expected useful life                                    

Putting all the number together, we have:

Depreciation expenses = (25,000 - 0)/5 = 5,000.

So the correct answer is D. $5,000

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An increase in the cost of producing a good or service will cause a leftward shift of the supply curve. True False
TEA [102]

Answer:

True

Explanation:

An increase in the cost of production would cause some producers to stop production, supply would fall and the supply curve would shift to the left.

I hope my answer helps you

4 0
3 years ago
Why does an unsecured loan have a higher interest rate than a secured loan?
Tomtit [17]

Answer: A

Explanation: There is a higher risk for banks when they give an unsecured loan. Secured loans have a collateral to back the loan, whereas unsecured loans are not a secure (hence the name).

Hope this helps!

6 0
2 years ago
A stock currently sells for $49. the dividend yield is 3. 8 percent and the dividend growth rate is 5. 1 percent. What is the am
tatyana61 [14]

If a stock currently sells for $49. tThe amount of the dividend that was just paid is $1.77.

A inventory is a fashionable term used to describe the ownership certificate of any business enterprise. A percentage, on the other hand, refers to the inventory certificate of a selected organization. maintaining a particular organization's percentage makes you a shareholder.

A coins dividend is the distribution of budget or cash paid to stockholders generally as a part of the employer's present day income or accrued income. cash dividends are paid at once in money, as opposed to being paid as a inventory dividend or other form of cost.

Dividend yield=Annual Dividend next year/Current price

Annual Dividend next year=(49*3.8%)=$1.862

Hene, the dividend just paid = Annual Dividend next year * Present value of discounting factor(    5.1%, time period)

⇒$1.862/1.051

⇒$1.77        (Approx)

Learn more about stock market here:-brainly.com/question/690070

#SPJ4

3 0
1 year ago
Which of the following conditions exists when data are isolated in separated information systems?
sineoko [7]

Information overload.A.

4 0
3 years ago
If a Florida strawberry wholesaler operates in a perfectly competitive market, that wholesaler will have a _____ share of the ma
aniked [119]

Answer:

small; standardized; little or no

Explanation:

A perfect competition is when there are many firms in an industry selling standardised or identical goods and services. It is characterised by many buyers and sellers . Sellers have small market share because of the large number of sellers in the market. Prices are usually set by market forces. Sellers cannot influence the price their products sell for , therefore, they are price takers.

There is little or no need for advertising as all firms sell identical goods.

I hope my answer helps you.

7 0
3 years ago
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