- The annual depreciation expense is $17,000.
- The book value at the end of the twentieth year of use is $425,000.
- The depreciation expense for each of the remaining 20 years is $20,000.
<h3>What is the annual depreciation expense?
</h3>
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
Annual depreciation = ($765,000 - $153,000) / 36 = $17,000
Book value in the 20th year = cost of the asset - accumulated depreciation
765,000 - (17,000 x 20) = $425,000
Depreciation expense for each of the 20 years = (book value - new residual value) / new useful life
(425,000 - $25,000) / 20 = $20,000
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Answer:
155,000
Explanation:
The computation of the required units of production is shown below:-
Required units of production = Sales units + Ending finished goods - Beginning finished goods
= 160,000 units + 15,000 units - 20,000 units
= 155,000
Therefore for computing the required units of production we simply applied the above formula.
Answer:
The correct answer is letter "E": perishability.
Explanation:
In marketing, perishability refers to the characteristic of services that imply they cannot be stored, returned, reused or resold after being provided to someone. After a service is rendered, the same service cannot be provided to other individuals, since it was totally consumed. Service perishability makes it difficult for a company to forecast profits or losses.
Answer:
It is cheaper to make the product in house.
Explanation:
Giving the following information:
Direct labor $250,000 Direct materials 300,000 Variable overhead 65,000 Fixed overhead 185,000 An outside supplier has offered to supply the tiller extensions for $720,000. If Zoomer accepts the offer $85,000 of fixed costs can be avoided.
We will calculate the total cost of both options:
Make in the house:
Total cost= 250,000 + 300,000 + 65,000 + 185,000= $800,000
Buy:
Total cost= 720,000 + 100,000= $820,000
It is cheaper to make the product in house.
Answer:
The correct answer is B
Explanation:
In this case, the borrower applied for the VA guarantee for the first time mortgage which amounts to $50,000 but the property that is appraised worth only $46,000. It is $4,000 short ($50,000 - $46,000).
In order to buy the property, the VA should allow the borrower to make up or come up with the difference in the cash that is $4,000. And this will allow or help the borrower in buying the property.