1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dennis_Churaev [7]
3 years ago
10

"You plan to buy a piece of machinery worth $50,000 then you plan to sell it at the end of its 15-year life cycle for $5,000. Wh

at is the SL depreciation of this? What is the book value at year 5?"
Business
1 answer:
Aleks04 [339]3 years ago
8 0

Answer:

$3,000 and $35,000

Explanation:

The computations are shown below:

The depreciation expense would be

=(Original cost - residual value) ÷ (useful life)

= ($50,000 - $5,000) ÷ (15 years)

= ($45,000) ÷ (15 years)  

= $3,000

In this method, the depreciation is same for all the remaining useful life

The book value would be

= (Original cost of equipment) - (depreciation × number of years)

= ($50,000) - ($3,000 × 5 years)

= $50,000 - $15,000

= $35,000

You might be interested in
The Assembly Department started the month with 83,000 units in its beginning work in process inventory. An additional 334,000 un
Zolol [24]

Answer:

383,000

Explanation:

Calculation to determine How many units were transferred to the next processing department during the month

Work in process, beginning 83,000

Add Units started into production during the month 334,000

Less Work in process, ending (34,000)

Units completed and transferred out during the month 383,000

(+83,000+334,000-34,000)

Therefore How many units were transferred to the next processing department during the month is 383,000

5 0
3 years ago
The projected benefit obligation was $440 million at the beginning of the year. Service cost for the year was $48 million. At th
balu736 [363]

Answer:  $47 million

Explanation:

Pension expense arises as a result of the amounts owed to employees in relation to pension liabilities.

It is calculated by;

= Service Cost + Interest expense - Expected return on plan assets +  Amortization of prior service cost + Amortization of net loss

= 48 + ( 440 * 5%) - 23

= $47 million

7 0
3 years ago
Economic growth depends on many factors. mark the three KEY elements that have been shown to be important listed
Eva8 [605]

Answer:

is d

Explanation:

4 0
3 years ago
a simplified alternative to capitalization of net income that does not take into account bad debts or expenses is called?
mestny [16]

<u>Answer:</u>

The correct answer for this is: Gross Rent Multiplier.

<u>Explanation:</u>

The type of a simplified alternative to capitalization of net income that does not take into account bad debts or expenses is called Gross Rent Multiplier (GMR).

Gross Rent Multiplier is used to find the approximate net incomes that does not include any bad debts or expenses.

Also, it is considered as the quickest tool to estimate the values, such as of a building.

6 0
3 years ago
Under which circumstance might you receive a tax refund from the irs
Nikolay [14]
<span>You would receive a tax refund from the IRS if you paid too much in taxes versus what your net income was during the year. The taxes owed is less than what was paid to the IRS during the year. If you receive credits for what you are able to deduct from your net income, then you will be able to receive money back at the end of the year for over paying during the year.</span>
8 0
3 years ago
Read 2 more answers
Other questions:
  • Which of the following statements about GDP is correct? a. GDP measures two things at once: the total income of everyone in the
    12·1 answer
  • Show what you need for each of your calculator keys when computing your answer.
    7·1 answer
  • A closer look: differences among the nutrition standards and guidelines and when
    5·1 answer
  • Dion, an accountant for Entertainment Sports, Inc., attempts to apply a duty-based approach to ethical reasoning in conflicts th
    12·1 answer
  • You have a better chance at success in the business world when your interest and personality match the career choice. True False
    8·2 answers
  • Domestic business differs from international business in that a firm operating within the borders of one country A) must be conc
    13·1 answer
  • According to ______, market participants immediately change their actions in response to anticipated price-level changes, such t
    14·1 answer
  • Who wants me to follow them and give them points
    12·1 answer
  • Question #10
    14·1 answer
  • For each cost item, indicate whether it would be variable or fixed with respect to the number of units produced and sold; and th
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!