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Sergio039 [100]
3 years ago
7

Equipment was purchased for $145500. Freight charges amounted to $6500 and there was a cost of $12000 for building a foundation

and installing the equipment. It is estimated that the equipment will have a $30000 salvage value at the end of its 5-year useful life. Depreciation Expense each year using the straight-line method will be____________.
Business
1 answer:
andrey2020 [161]3 years ago
7 0

Answer:

$26800

Explanation:

Total cost to be capitalized for the assets

= 145500 + 6500 +12000

= $164000

Estimated useful life = 5 years

Salvage value = $30000

Using the straight-line method,

Annual Depreciation = (Cost - Salvage value)/ Number of years

                                   = (164000 - 30000)/5

                                   = 134000/5

                                   = $26800

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Assume that interest rate parity holds and that 90-day risk-free securities yield 6% in the United States and 6.5% in Germany. I
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Answer: 1.356345

Explanation:

Based on the scenario and information provided in the question, the 90-day forward rate will be calculated as:

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On October 1, Black Company receives a 10% interest-bearing note from Reese Company to settle a $22,200 account receivable. The
lorasvet [3.4K]

Answer:

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Explanation:

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