1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vladimir2022 [97]
3 years ago
10

An asset having a four-year service life and a salvage value of $6,000 was acquired for $50,000 cash on April 5. Using straight-

line depreciation, what will be the depreciation expense at the end of the first year, December 31?
Business
1 answer:
Lana71 [14]3 years ago
3 0

Answer:

the depreciation expense at the end of the first year, December 31 is $ 8,250

Explanation:

Straight line Method of Depreciation Charges the same amount of depreciation over the useful life of the asset.

Depreciation Charge = (Cost - Salvage Value) / Useful Life

Depreciation Charge = ($50,000-$6,000) / 4 years

                                   = $11,000

<u>Apportionment of Depreciation Charge</u>

<em>From April 5 to December 13 there are 9 months</em>

Therefore depreciation for the year is apportioned as follows :

Depreciation Charge = 9/12× $11,000

                                   = $ 8,250

You might be interested in
Kathy purchased a $2,000 digital TV from Young's Appliances. She will make 12 equal payments over the next year to pay for it. S
Elan Coil [88]

Answer:

A. closed-end credit

Explanation:

Closed-end credit is a loan or a credit type where the funds would be dispersed at the time when the loan is closed and it would be paid back by involving the interest & finance charges

Since in the question it is mentioned that she would make the payment in 12 equal payments so here she is using closed-end credit

hence, the correct option is a.

3 0
3 years ago
Beginning on January 1, 2020, 5 equal deposits are to be made in a fund. Required: Using the appropriate tables, determine the e
8090 [49]

Answer:

Explanation:

FV \div \frac{(1+r)^{time} -1}{rate} = C\\  

FV  $200,000.00  

time 5 years

rate 0.1% = 10/100 = 0.10

200000 \div \frac{(1+0.1)^{5} -1}{0.1} = C\\  

C  $ 32,759.496  

The installment will generate 10% interest overtime and provide with a 200,000 dollar count after six years

7 0
3 years ago
Does the film titanic improve the viewer's understanding of the historical events?
Angelina_Jolie [31]
On one hand it does, but on the other, it doesn't.
If you look at the movie from a historical perspective, we can see what people might have behaved like in the actual event when Titanic sank. The movie portrays their thoughts, emotions, and behaviors during that horrible night, so if you think about it that way, I guess we can understand the event more. On the other hand though, the movie included a love story which is not really relevant to what actually happened in history, so it doesn't really help the viewer think about history much. 
6 0
3 years ago
Read 2 more answers
You own 200 shares of Loner stock. The firm announced that it will be issuing a dividend of $.20 a share one year from today fol
nikklg [1K]

Answer:

value of your total investment income   362.80

Explanation:

The computation of the value of your total investment income in two years is shown below

Value of Dividend after 2 years (200 × .20 × 1.07)42.80

Value of Liquidating Dividend (200 × 1.60) 320.00

value of your total investment income   362.80

7 0
3 years ago
Incidents and diseases, although normally considered confidential, that must be reported to federal, state, or local agencies co
denis23 [38]

Incidents and diseases, although normally considered confidential, that must be reported to federal, state, or local agencies come under the heading of Mandatory disclosure.

Mandatory disclosure requires each party in the dissolution of a marriage to disclose records that paint an accurate portrait of each party’s finances. This requirement ensures the judge divides assets between the two parties fairly and equitably. If one party requests support from the other, the judge will also need a clear picture of the parties’ finances so he or she may calculate a fair award.

If one party requests support from the other, the judge will also need a clear picture of the parties’ finances so he or she may calculate a fair award. At WiseLieberman, PLLC, our Boca Raton divorce lawyers ask clients to provide us with the required financial documents so are able to better help them throughout the property division proceedings. Armed with the appropriate information, our lawyers have better insight into a couple’s financial situation and take the necessary steps toward a favorable outcome.

Learn more about Mandatory disclosure here

brainly.com/question/26697671

#SPJ4

4 0
2 years ago
Other questions:
  • Cork Oak Corporation purchased a heavy-duty truck (not considered a passenger automobile for purposes of the listed property and
    10·1 answer
  • The New Fund had average daily assets of $2.2 billion in the past year. If New Fund’s expense ratio was 1.1% and the management
    9·1 answer
  • Can you point out some differenced between welfare definition and scarcity and choice
    8·1 answer
  • What is an indicator of increased economic growth in a nation?
    15·1 answer
  • stock that has a current price of $25.00, a beta of 1.25, and a dividend yield of 6%. If the Treasury bill yield is 5% and the m
    10·1 answer
  • A company that lowers its cost per unit by selling more units overall has improved what
    7·2 answers
  • At age seventeen, Daryl enters into a contract to buy a dozen movies from eHD Stream, Inc., an online video service. Soon after
    15·1 answer
  • The June 1 work in process inventory consisted of 5,000 units with $16,000 in materials cost and $12,000 in conversion cost. The
    14·1 answer
  • Suppose the real GDP of this economy grows at an annual rate of 5%. Assume that the central bank would like to keep the inflatio
    12·1 answer
  • Enterprise Machinists is always improving upon its core competencies by training its machinists constantly so that they are equi
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!