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spin [16.1K]
4 years ago
10

Viva, Inc. bought machine X for $18,000 two years ago. The machine had no residual value and had an estimated useful life of 10

years. If the company uses the straight-line depreciation method, calculate the current book value of the machine.
Business
1 answer:
FinnZ [79.3K]4 years ago
4 0

Answer:

$14,400

Explanation:

The computation of the current book value of the machine is shown below:-

Value of the Machine two Years ago = $ 18,000

Annual Depreciation = Cost - Salvage Value ÷ Useful Life

= ($18,000 - 0) ÷ 10

= $ 1,800  

Depreciation for two years = $1,800 × 2

= $ 3,600  

The Current Book Value = Cost - Depreciation for two years

= $18,000 - $3,600

= $14,400

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An inventory system is a set of policies and controls that monitors levels of inventory and determines what levels should be mai
VARVARA [1.3K]

Complete Question:

An inventory system is a set of policies and controls that monitors levels of inventory and determines what levels should be maintained, when stock should be replenished, and how large orders should be

Answer:

TRUE

Explanation:

The reason is that the inventory system includes the management of the inventory which includes the decision making related to:

How much to purchase?

What to purchase?

When to Purchase?

When to deliver raw materials and receive the finished goods from the production house?

It also involves the control system designed to control the flow of the inventory and policies in place to maintain and manage the inventory.

So the statement is true.

8 0
3 years ago
Assume that the one component unit had program revenues of $47,600 and expenses of $64,000 and spent $10,900 for land during Yea
Marrrta [24]

Answer:

Explanation:

If the overall increase in net assets remains the same at $154,000 then the program revenues and expenses were not included in the final figures for the government-wide financial statements. These two items were presented individually but should have blended with the total amount.

If these two figures were combined with the overall increase in net assets, the new figure would surmount to $137,600. This causes a decrease of $16,400 in net assets.

Net Assets = 154,000 + 47,600 – 64,000 = $137,600

Decrease amount = 154,000 – 137,600 = $16,400

7 0
4 years ago
In which type of career would you expect to spend a great deal of time backing up computer files?
agasfer [191]

Answer:

BTS BTS BTS Po 1.A 2. c 3. k 4.mha

4 0
2 years ago
Read 2 more answers
NZMA stock is currently selling for $128. Which of the following options is "in-the-money"? March 130 call March 125 put Februar
Vikki [24]

Answer:

February 125 call

Explanation:

Because, the expression "in the money" means to a situation when the market price of the asset is higher than the strike price for a call or lower than the strike price for a put. The correct answer is the only option that reach this feature

3 0
3 years ago
What will happen to the equilibrium price of new textbooks if more students attend college, paper becomes cheaper, textbook auth
denpristay [2]

Answer:

The equilibrium may increase, decrease or remain the same.

Explanation:

If more students attend college they will need textbooks, so the demand for textbooks will increase. This will cause the demand curve to shift to the right.  

At the same time, as paper becomes cheaper, the cost of producing textbooks will get reduced. This will increase the supply of new textbooks. This increase in supply will cause the supply curve to shift to the right.  

If textbook authors accept lower royalties the cost of production for textbooks will decrease, so the supply will increase.  

If fewer old textbooks are sold, the demand for new textbooks will increase.  

This increase in both demand and supply of textbooks will increase the equilibrium quantity of textbooks. But the change in equilibrium price depends on the proportionate change in demand and supply.  

If both demand and supply increase by the same proportion, the equilibrium price will remain the same.  

If demand increases more than the supply, the equilibrium price will increase.  

If supply increases more than demand, the equilibrium price will fall.

6 0
3 years ago
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