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Delicious77 [7]
3 years ago
11

Warren corporation purchased a truck at a cost of $60,000. It has an estimated useful life of five years and estimated residual

value of $5,000. At the beginning of year three, warren's managers concluded that the total useful life would be four years, rather than five years. There was no change in the estimated residual value. What is the amount of depreciation that warren should record for year 3 under the straight-line depreciation method?
Business
1 answer:
s344n2d4d5 [400]3 years ago
6 0

Answer:

What is the amount of depreciation that warren should record for year 3 under the straight-line depreciation method? $15500

Explanation:

Net Value Dep. year End Net value.

Year 1 55000 12000          43000

Year 2 43000 12000          31000

Year 3 31000 15500          15500

Year 4 15500 15500            0

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kupik [55]
A year has two semesters, then
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<span>ln(2.0398895) = ln<span>[<span><span>(<span>1+<span>0.042</span></span>)^</span><span>2t</span></span>]

Then simplify,
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I hope my answer helped you. Have a nice day!</span></span>
3 0
3 years ago
Read 2 more answers
At Infosoft Solutions, employees are encouraged to take care of their problems by working with one another and with customers, u
likoan [24]

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6 0
3 years ago
Over the next few years, several newly constructed office blocks will become available at the World Trade Center site. As well,
posledela

Answer:

The correct answer is Unambiguously higher equilibrium quantity, and equilibrium rental rates could be higher or lower.

Explanation:

An economic equilibrium is a state of the world in which economic forces are balanced and in the absence of external influences the values of economic variables do not change. It is the point at which the quantity demanded and the quantity offered are equal, a market equilibrium, for example, refers to the condition in which the market price is established through competition so that the quantity of Goods and services desired by buyers is equal to the amount of goods and services produced by sellers. This price is usually called the equilibrium price and tends to remain stable as long as demand and supply do not vary.

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3 years ago
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Gnoma [55]

Answer:

product return activities

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8 0
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Which is NOT a benefit of studying public speaking?
Advocard [28]
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And the answer is Proves our expertise.

It will help you.
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3 years ago
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