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Serjik [45]
4 years ago
5

Cutter Enterprises purchased equipment for $72,000 on January 1, 2010. The equipment is expected to have a five-year life, with

a residual value of $6,000 at the end of five years. Using the straight-line method, depreciation expense for 2010 would be:
Business
1 answer:
Elodia [21]4 years ago
3 0

Answer:

Annual depreciation= $13,200

Explanation:

Giving the following information:

Cutter Enterprises purchased equipment for $72,000 on January 1, 2010. The residual value of $6,000 at the end of five years.

Under the straight-line method, the annual depreciation is constant trough the entire useful life. We need to use the following formula:

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

Annual depreciation= (72,000 - 6,000)/5= $13,200

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Samuel, a longtime employee of the ABCD Corporation, was injured when he fell off a ladder while stocking widgets at ABDC at the
ozzi

Answer:

Option B. He will win

Explanation:

If Samuel is desiring to sue his employer in a circuit court because he thinks that the employer was negligent then he will have to sue under negligence Act, which says that the employer is obliged to take all necessary precautions and if found negligent then the court may apply contributory negligent theory as well as comparative negligent theory. These two negligent theories means that the employer was partly responsible for injury, which means that this would result in compensation to Samuel.

Hence it is more likely that Samuel will win the case.

7 0
3 years ago
Premium on Bonds Payable_________.
Tatiana [17]

Answer:

c. is considered to be a reduction in the cost of borrowing.

Explanation:

The premium on bond payable arise when the bond payable is issued more than the face value. It is a liability account consist of the credit balance that is presented on the liability side of the balance sheet

Moreover, it is deducted in the borrowing cost and amortized as an interest expense to the bonds life. It is added to the bond payable

Hence, the correct answer is c.

3 0
3 years ago
A production department's output for the most recent month consisted of 12,500 units completed and transferred to the next stage
umka21 [38]

Answer:

20,625 units

Explanation:

Calculation for the equivalent units of production

Using this formula

Equivalent units of production=Units completed+Ending work in process inventory

Let plug in the formula

Equivalent units of production=12,500+(12,500×65%)

Equivalent units of production=12,500+8,125

Equivalent units of production=20,625 units

​

Therefore the equivalent units of production for the month is 20,625 units.

6 0
3 years ago
HOW CAN THE EXTENSIBILITY OF A PLATFORM BENEFIT A BUSINESS
AysviL [449]

Answer:

Having an extensibility platform allows companies to build and run solutions that address needs beyond the standard product but also allows them to bring innovation trends to those same solutions without risking their ongoing operations.

Explanation:

8 0
3 years ago
Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $550,000. In addition to the purchase price, FVI makes the followi
maw [93]

Answer:

Land 594,500

Explanation:

We must include all cost necessary to acquire the land and lelave it ready to use.

But, the demolition cost are associate with the old warehouse thus, as thsis asset is being destroyed It will be considered period cost, It will not be capitalized through land.

Acquisition cost    550,000

broker commission 35,000

title insurance            2,500

closing cost       <u>         7,000   </u>

Total cost               594,500

8 0
4 years ago
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