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2 years ago

Which of the following is a nondepreciable asset?

Business

2 answers:

jeka57 [31]2 years ago

8 0

Answer:

B . Land

Explanation:

Land is not depreciated because land is assumed to have an unlimited useful life. Other long-lived assets such as land improvements, buildings, furnishings, equipment, etc. have limited useful lives. Therefore, the costs of those assets must be allocated to those limited accounting periods.

Maksim231197 [3]2 years ago

6 0

B. Land......

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Accounts Receivable has a balance of $ 4 comma 000$4,000, and the Allowance for Bad Debts has a credit balance of $ 450$450. Th

Darya [45]

Answer:

What is the net realizable value of Accounts Receivable after a $ 140$140 account receivable is written off? is $3550

Explanation:

Account receivable 4000

Allowance bad debts 450

Net realizable =(400-140)-(450-140)

=3860-310

=3550

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3 years ago

Mrs. watson believes that all immigrants should go back to the country they came from, and she refuses to hire any for her flora

Lostsunrise [7]

When Mrs. Watson refuses to hire a person because of their nationality, religion or race is an example of discrimination, also happens when someone treats someone else in a way that is harmful, because of the difference in political ideas, sexual orientation or gender.

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3 years ago

Read 2 more answers

In order to update a production process, a company can spend money now or four years from now. If the amount now would be $20,00

timama [110]

Answer: $34,980.13

Explanation:

The amount that the company will spend 4 years from now is simply the future value of the amount that it can spend today.

The amount to be spent today is $20,000 so the amount to be spent 4 years from now is the future value of $20,000:

= Amount * (1 + rate) ^ number of years

= 20,000 * ( 1 + 15%)⁴

= $34,980.13

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3 years ago

Blossom Company purchased a new machine on October 1, 2017, at a cost of $66,000. The company estimated that the machine has a s

Ugo [173]

Answer:

Results are below.

Explanation:

Giving the following information:

Purchase price= $66,000

Salvage value= $5,700

Useful life= 6

First, we need to calculate the annual depreciation using the following formula:

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

Annual depreciation= (66,000 - 5,700) / 6= 10,050

2017:

Annual depreciation= (10,050/12)*3= $2,512.5

2018:

Annual depreciation= $10,050

8 0

3 years ago

Friendly's quick loans, inc., offers you "ten for twelve or i knock on your door." this means you get $10.00 today and repay $12

valkas [14]

Answer:

Friendly's would say you were paying 1042.86% APR.

Explanation:

Annual percentage rate (APR) can be described as the yearly interest rate that is paid by a borrower to a lender which is expressed in percentage term without taking compounding into consideration.

Annual Percentage Rate (APR) can be determined using the following formula:

APR = {[(Fees + Interest amount) / Principal / n] * 365} * 100 ……………… (1)

Where;

APR = ?

Fees = 0

Interest amount = Amount to repay - Amount to borrow = $12.00 - $10.00 = $2.00

Principal = Amount to borrow = $10.00

n = Number of days in the loan term = One week = 7 days

Substituting the values into equation (1), we have:

APR = {[(0 + 2) / 10 / 7] * 365} * 100

APR = 1042.86%

Therefore, friendly's would say you were paying 1042.86% APR.

5 0

2 years ago