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defon
3 years ago
10

Kansas Enterprises purchased equipment for $60,000 on January 1, 2021. The equipment is expected to have a five-year service lif

e, with a residual value of $5,000 at the end of five years. Using the straight-line method, depreciation expense for 2021 would be: Multiple Choice $12,000. $11,000. $60,000. None of these.
Business
1 answer:
Yuki888 [10]3 years ago
3 0

Answer:

$11000

Explanation:

Depreciation is the reduction in the value of an asset over time due to regular wear and tear. Straight - line depreciation is where the same amount is reduced every year over the life of the asset. It is calculated as (Cost of asset - residual value) / number of useful life years

= ($60000 - $5000) / 5 = $11000

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Windsor Locomotive Corporation purchased for $550,000 a 40% interest in Lopez Railways, Inc. This investment enables Windsor Loc
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Answer:

Journal Entries

Dr. Investment in Lopez Railways Inc.  $600,000  

Cr. Cash                                     $600,000

Dr. Investment in Lopez Railways Inc                   $59,600

Cr. Income of Investment in Lopez Railways Inc $59,600

Dr. Cash                                                 $10,800

Cr. Investment in Lopez Railways Inc  $10,800

Explanation:

As Windsor Locomotive Corporation has purchased 40% interest in Lopez Railway Inc.Lopez Inc. is classified as the associate company of Windsor Corp.

Share in net Income = $149,000 x 40% = $59,600

Share In Dividend = $27,000 x 40% = $10,800

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select the correct answer. weight management is one benefit of participating in sports. which sentence is true regarding weight
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Regular participation in sports helps preserve muscle mass.

What is Weight Management ?

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The overarching goals of weight loss and management are:

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Meal planning allows you to make healthier choices that are not driven by physical hunger. Plan home-cooked meals, with restaurant dining reserved for exceptional occasions. Packing low-calorie snacks such as fresh fruits, veggies, and whole grains will help regulate hunger throughout the day.

To know more about Weight Management

brainly.com/question/406615

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Complete Question :-

Weight management is one benefit of participating in sports. Which sentence is true regarding weight management?

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