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ollegr [7]
3 years ago
12

Equipment costing $40,000 with a salvage value of $8,000 and an estimated life of 8 years has been depreciated using the straigh

t-line method for 2 years. Assuming a revised estimated total life of 5 years and no change in the salvage value, the depreciation expense for Year 3 would be
a. $4,800.
b. $10,667.
c. $8,000.
d. $6,400.
Business
1 answer:
kaheart [24]3 years ago
6 0

Answer:

The equipment originally cost 40,000 and has a salvage value of 8,000, which means that the amount that can be depreciated is 32,000. It has a life of 8 years and follows a straight line method so the yearly depreciation would be 32,000/8= 4,000.

The depreciation for the first 2 years is 4000*2= 8,000

So the book value of the asset is 40,000-8000= 32,000

Since according to the new estimate the total life is 5 years, and 2 years have already passed the remaining life of the asset is 3 years. Also since there is no change in salvage value the amount that can be depreciated is 32,000-8,000= 24,000

To find out the deprecation in year 3 we will divide 24,000 by the reaming life which is 3.

24,000/3= 8,000

The depreciation expense in year 3 would have been $8,000  

Explanation:

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Answer:

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Explanation:

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Employee stock ownership plan is a staff reward scheme where a company's employees are awarded shares of the company they work for, hence they become both staff and shareholders of that company.

Sometimes these plans are futuristic, they are awarded at a certain date in future if the company achieves certain goals. Hence the productivity of employees are boosted in the bid to boost the company's performance and achieve their share rewards

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2 years ago
The use of the allows bank customers the ability to complete most transactions electronically without leaving home.
jeka57 [31]

The use of the <u>internet  </u>allows bank customers the ability to complete most transactions electronically without leaving home.

<h3>What is Internet?</h3>

Internet help to transmit data or information across a network, making it possible for internet user to communicate and exchange information.

Example of internet are:

  • WAN which full meaning is  Wide Area Network.
  • LAN which full meaning is Local Area Network.

Hence, internet play an important function  as it make it possible for bank customers to complete their transactions electronically or to carryout their transaction online without having to leave their various homes.

Learn more about internet here:brainly.com/question/2780939

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5 0
1 year ago
Jason is shopping for a new car. He completes new credit applications at four different dealerships. Will this affect his credit
trasher [3.6K]

Applying for a loan in each of the dealerships he visited will have negative consequences on his credit score.

The credit score is a term to refer to the score that people have toward the financial system. The credit score is a kind of business card for each person regarding their financial life.

One of the most common mistakes people make is when they make multiple credit applications when they intend to buy something because this is a bad practice for their credit score.

For example, if Jason completed credit applications in four different dealers, his score may drop because the entities that are going to lend him the money consider this activity as something negative.

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8 0
2 years ago
The demand for good X is estimated to be Qxd = 10,000 − 4PX + 5PY + 2M +
AX where PX is the price of X, PY is the price of good
Olenka [21]

Answer:

Explanation:

  • Given the equation ; Qxd = 10,000 − 4PX + 5PY + 2M + AX
  • where PX is the price of X = $50
  • PY is the price of good Y = $100
  • M is income = $25,000
  • and AX is the amount of advertising on X = 1,000 units

a) Calculate the quantity demanded of good X ; Plugging all the values into the equation ;

= 10,000 − 4(50) + 5(100) + 2(25,000) + 1000

Qxd = 61,300units

b) Calculate the own price elasticity of demand for good ;

= d(Qxd)/dpx X px/Qxd = -4 x 50/61,300

= 0.0033. hence he demand for goods is inelastic

c) l will surely recommend lowering the price as this is evident from the value of the price elasticity of demand which is negative as such an increase in the price of their goods will give rise to total loss

d ) cross-price elasticity between goods X and Y = %change in quantity/ %change in price

e) Calculate the income elasticity of good X. Is good X normal or an inferior good? = dQ/dM X M/Q = 2(25000) /61300

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5 0
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Rainbow [258]

Answer:

B) add deposits, subtract withdrawals and fees

Explanation:

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Money held in a checking account is accessible using different ways, including debit cards, ATMs, and over the counter. When reconciling a checking account, one needs to subtract the sum of "money out" from "money in. "

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