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vodomira [7]
3 years ago
6

A company purchased factory equipment on April 1, 2022 for $128,000. It is esti salvage value at the end of its 10-year useful l

ife. Using the straight-line method depreciation expense at December 31, 2022 is:___________.
a. $9.600.
b. $11,200.
c. $8,400.
d. $12.800.
Business
1 answer:
just olya [345]3 years ago
8 0

Answer:

Depreciation expense= $9,600

Explanation:

Giving the following information:

A company purchased factory equipment on April 1, 2022 for $128,000. 10-year useful life.

<u>We weren't provided with the salvage value.</u>

First, we need to calculate the annual depreciation:

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

Annual depreciation= 128,000/10= 12,800

<u>Now, for 9 months:</u>

Depreciation expense= (12,800/12)*9= $9,600

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Answer:

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3 years ago
Given the following demand and supply equations determine the market equilibrium price and quantity. QD=30-3p. As=10-5p. Where Q
pochemuha

Answer:

Equilibrium price, p = 2.5

Equilibrium Quantity, Q = 22.5

Explanation:

The equation is:

Qd = 30 - 3p

Qs = 10 + 5p

At equilibrium, Quantity demanded equals quantity supplied

Equate Qd = Qs to find equilibrium price

30 - 3p = 10 + 5p

30 - 10 = 5p + 3p

20 = 8p

p = 20/8

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Qd = 30 - 3p

= 30 - 3(2.5)

= 30 - 7.5

= 22.5

Qs = 10 + 5p

= 10 + 5(2.5)

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= 22.5

Therefore,

Equilibrium price, p = 2.5

Equilibrium Quantity, Q = 22.5

4 0
2 years ago
What are the advantages of taking a criminal case to the criminal grand jury?
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Answer:

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kari74 [83]
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