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11111nata11111 [884]
4 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:
Igoryamba4 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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Total assets of Charter Company equal $710,000 and its equity is $425,000. What is the amount of its liabilities? b. Total asset
Aleks [24]

Answer:

Part A:

Liabilities=$285,000

Part B:

Liabilities=$255,000

Equity=$255,000

Explanation:

General Rule of Assets, liabilities and equity

Assets= Liabilities+Equity

Part A:

Assets=$710,000

Equity=$425,000

Liabilities=?

$710,000=Liabilities+$425,000

Liabilities=$710,000-$425,000

Liabilities=$285,000

Part B:

Liabilities=Equity

Replace Equity by liabilities

Assets=Liabilities+Liabilities

$510,000=2*Liabilities

Liabilities=$255,000

Equity=$255,000

6 0
3 years ago
ILL GIVE CROWN!!!
AysviL [449]

Answer:

A.

Explanation:

its the most accurate answer.

essential things like a car or a home etc.

3 0
3 years ago
When a country can produce a product more cheaply than its trading partners, it is known as __________?
Mashutka [201]
When a country can produce a product more cheaply than its trading partners, it is known as: <span>comparative advantage
For example, United States often imported exotic fruits from Brazil. Since Brazil is a tropical country, the cost in producing exotic fruits will be significantly lower compared to growing it in the United States. Therefore, we can say that brazil has a comparative advantage in this product compared to united states.</span>
7 0
3 years ago
Julia is offered a job selling advertising for two different companies. Company A offers a base salary of $30,000 per year plus
Allisa [31]
We use $37,500 as a basis of sales per year for the two companies for Julie. <span>. When the two companies are equated, 30,000 + 0.03*x = 25,000 + 0.05*x where x is equal to $250,000 as total sales that equates both. This means, sales below this $250,000 line has lower pay than the other. </span>
7 0
3 years ago
Read 2 more answers
Which answer best explains why profit per hour decreases when more than ten beanbags per hour are produced?.
mote1985 [20]

n production, the profit per hour decreases when more than ten beanbags per hour are produced because the marginal cost is greater than marginal revenue.

<h3>What entails the marginal cost and revenue?</h3>

Normally, when marginal cost is greater, the company should raise production levels to improve efficiency and generate more profit overall.

Hence, as a result of the marginal cost greater than marginal revenue, the profit per hour will decreases when more than ten beanbags per hour are produced.

Read more about marginal cost

<em>brainly.com/question/16615264</em>

4 0
2 years ago
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