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11111nata11111 [884]
3 years ago
15

Company purchased equipment at a cost of $120,000 that has a depreciable cost of $90,000 and an estimated useful life of 3 years

or 30,000 hours. Using straight-line depreciation, calculate depreciation expense for the second year.
Business
1 answer:
Igoryamba3 years ago
3 0

Answer:

$30,000

Explanation:

The computation of the depreciation expense for the second year using the straight line method is shown below:

As we know that

= (Original cost - residual value) ÷ (useful life)

= ($90,000) ÷ (3 years)  

= $30,000

In this method, the depreciation is the same for all the remaining useful life

Hence, the second year depreciation expense is $30,000

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The job _______ results in two written statements: one that specifies the responsibilities, duties and working conditions of the
elena-14-01-66 [18.8K]

Answer:

The word "Analysis" would most likely fit the statement.

Explanation:

The job <em>analysis</em> results in two written statements: one that specifies the responsibilities, duties, and working conditions of the job, and the other setting forth the minimal education and skills required to do the job.

7 0
3 years ago
A local partnership is liquidating and is currently reporting the following capital balances: Barley, capital (50% share of all
lesya692 [45]

Answer:

Barley $29,000; Carter $23,000 ;Desai $0

Explanation:

Calculation to determine How much of this money should each of the partners receive

PARTNER WITH DEFICIT CAPITAL BALANCE

Barley,Capital(50%) Carter,Capital(30%)

Desai,Capital(20%)

Reported balances $44,000 $32,000 $(24,000)

Potential loss from Desai deficit

(split 5/8:3/8)

($15,000)($9,000) $24,000

Barley (5/8*$24,000=$15,000)

Carter (3/8*$24,000=$9,000)

Desai($15,000)($9,000) =$24,000

Cash distributions $29,000 $23,000 $0

Barley ($44,000-$15,000=$29,000)

Carter, ($32,000-$9,000=$23,000)

Desai($24,000-$24,000=0)

Therefore The amount of the money that each of the partners should receive is :

Barley $29,000; Carter $23,000 ;Desai $0

8 0
2 years ago
If a manufacturing process takes 4 hours per unit of x and 2 hours per unit of y and a maximum of 100 hours of manufacturing pro
lilavasa [31]

Answer:

The algebraic formulation of the constraint is 4X+2Y ≤ 100

Explanation:

The algebraic formulation of the constraint is shown below:

Given that

The number of hours taken per unit of x is 4 hours

And the number of hours taken per unit of x is 2 hours

And, the maximum hours available is 100

Now based on the above information

The  algebraic formulation of the constraint is

= 4X+2Y ≤ 100

hence, the same is to be considered

6 0
2 years ago
The economic system in which the state controls the economy is called
allsm [11]
State Capitalism or a Centrally Planned Economy
3 0
3 years ago
Carr Corporation retires its $100,000 face value bonds at 105 on January 1, following the payment of interest. The carrying valu
Brrunno [24]

Answer: A. debit of $3,745 to Premium on Bonds Payable.

Explanation:

The carrying value of the bonds at redemption date is $103,745.

The bonds retired however, had a face value of $100,000.

The company therefore paid a premium on these bonds which is:

= 103,745 - 100,000

= $3,745

This amount will be debited to the Premium on Bonds Payable account.

4 0
2 years ago
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