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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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Ur right tho like lm 13 u helped me and im not doin well in budgeting thank you
ZanzabumX [31]

Answer:

You good mate

Explanation:

7 0
3 years ago
The price of a home is $400,000. The mortgage company requires a downpayment of 20% and 1 point at the time of closing for a 30-
ASHA 777 [7]
(a) down payment = 0.20*400000=80000
3 0
3 years ago
The following are all characteristics of projects EXCEPT: A. Projects are complex, involving a variety of skills and capabilitie
MrRissso [65]

Answer:

E. Projects are companies that launch a new, sustainable business model.

Explanation:

project can be regarded as series of tasks which is under processing and need to be completed so that specific outcome can be reached. A project can as well be regarded as a set of both outputs and inputs that it's needed in achieving a particular goal. Projects can simple or complex one , managing of project can be by one person or a hundred.

It should be noted that following are all characteristics of projects;

✓ Projects are non-routine, making planning difficult.

✓Projects are complex, involving a variety of skills and capabilities.

✓ Projects have a clear starting and ending point.

✓Projects typically require significant levels of cross-functional and inter-organizational coordination.

6 0
3 years ago
Consider the economy of Athenia. In 2018, Athenia has a GDP of $100 billion and a net national debt of $50 billion. Over the nex
k0ka [10]

Answer:

Note: after an online research I found the questions. Comparing the debt ratios and analyze the causes of change.

Explanation:

Athenia’s debt ratio in 2018 is 50 % ( 50/100)

Athenia ‘s debt raiot in 2023 is 45.8% ( 55/120)

During this period, Economy of Athenia has increased larger than the debt. Hence, debt to GDP ratio has declined.

thus, the ratios changed because the economy grew a higher than the national debt.

7 0
3 years ago
Read 2 more answers
Full-time employees must have money deducted from their paychecks for
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The correct answer is C. Federal income tax

Explanation:

The term "deduction" is used to describe money that is taken from your salary. In the case of full-time jobs in the U.S. salary deductions include deductions for income taxes including the federal income tax and deductions for Social security taxes because all of these taxes are established by the U.S. government and this is closely related to the amount of money you earn or your salary. Also, others such as savings, contributions to charity, etc. are not mandatory deductions. Thus, full-time employees must have money deducted from their paychecks for federal income tax.

5 0
4 years ago
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