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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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Savings accounts are different from investments in that they:
masha68 [24]
The answer would be C.
savings accounts typically have lower earning potentials than investments do. 
4 0
3 years ago
Beene Distributing is considering a project that will return $150,000 annually at the end of each year for the next six years. I
mr_godi [17]

Answer:

$714,980.95

Explanation:

The most it would be willing to pay is the present value of the cash flows

present value is the sum of discounted cash flows from a project

present value can be determined with a financial calculator

Cash flow each year from year 1 to 6 = $150,000

I = 7%

Present value = $714,980.95

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

8 0
3 years ago
Bramble Corp. purchased a delivery truck for $38,800 on January 1, 2019. The truck has an expected salvage value of $1,800, and
Debora [2.8K]

Answer:

Depreciable cost per mile= $0.37

Explanation:

Giving the following information:

Purchase price= $38,800

Salvage value= $1,800

Expected to be driven 100,000 miles over its estimated useful life.

<u>To calculate the depreciable cost per mile, we need to use the following formula:</u>

Depreciable cost per mile= (original cost - salvage value)/useful life of production in miles

Depreciable cost per mile= (38,800 - 1,800)/100,000

Depreciable cost per mile= $0.37

6 0
3 years ago
A taxpayer places a $50,000 5-year recovery period asset in service in 2016. this is the only asset placed in service in 2016. a
Charra [1.4K]
50,000×5=250,000
250,000÷4=625,000
250,000-625.000=375.00
Sum=375.00
8 0
3 years ago
Maddy works at Burgers R Us. Her boss tells her that if she stays with the company for five years, she will receive a bonus of $
Sergeu [11.5K]

Answer:

$4,038

Explanation:

Present value (PV) is the current value of a future sum of money or stream of cash flows given a specified rate of return. Future cash flows are discounted at the discount rate, and the higher the discount rate, the lower the present value of the future cash flows.

Present Value = Future Value  x (1/  ( 1 + interest rate ) ^ number of periods)

Present Value = 6,000 x (1/ ( 1 + 0.08) ^ 5)

Present Value  = 6,000 x 0.68058

Present Value = $4,038

4 0
2 years ago
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