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
lidiya [134]
2 years ago
7

A car was purchased for $12,000 with a salvage value of $3000. It is

Mathematics
1 answer:
andreyandreev [35.5K]2 years ago
3 0

Answer:

<h2>B.$9,000</h2>

Step-by-step explanation:

The sum of years method is used to calculate the depreciation of an asset. Depreciation is the decrease value of an asset, because it's assumed that its value decreases over time.

We need to calculate a Depreciation Base or Depreciable Cost, and Depreciation Fraction, as the formula attached indicates.

First, the Depreciation Base is calculated by subtracting the total amount $12,000 with the salvage value $3,000 which results in $9,000.

<em>(the salvage value is an estimation of the book value of the asset after the depreciation).</em>

Second, we know that the Remaining Useful Life of the Asset is 5 years, and the sum of the years digits is 1 + 2 + 3 + 4 + 5 = 15, which give us 5/15 as Depreciation Fraction. Then, we are able to calculate the Depreciation Expense.

Depreciation Expense = (5/15)x9000 = $3,000.

So, the book value at the end of the first year will show: $12,000 - $3000 = $9,000.

This means that the fist year the asset will lose $3,000 of its value. Companies calculate the depreciation of all the assets to know the productivity.

You might be interested in
Rama jumps 2m 30cm long and swathi jumps 2m 60cm in a competition what is the total distance they jumped together ​
Furkat [3]

Answer:

Step-by-step explanation:

2 m 30 cm

2 m 60 cm

+

_________

4m 90cm

8 0
2 years ago
Write an equation in point-slope form for each line (If possible please show work)
Archy [21]

Answer: y-2=1/4(x-1)

Step-by-step explanation:

The formula for point-slope is y-y₁=m(x-x₁). Since we are given the slope m, we can fill that in. We are also given the point (x₁,y₁). We can also fill that in.

y-2=1/4(x-1)

8 0
3 years ago
Natalie is completing construction of an equilateral triangle inscribed in a circle, as shown below: What should be the next ste
dsp73

OMG U GO TO MY SCHOOL!!!! What grade r u in?!?!

It might be a little late BUT the answer is B

4 0
2 years ago
Read 2 more answers
Mrs. fam bought 4 1/4 pounds of ham for $17. At rate,What is the cost of 1 pound of sliced ham?
vova2212 [387]
4 \frac{1}{4} \: Pounds = 17 \: USD \\ \frac{17}{4} \: Pounds = 17 \: USD \\ 1 \: Pound = 17 \times \frac{4}{17} = 4 \: USD

!! Hope It Helps !!
3 0
2 years ago
I'll give brainliest for however solves it for me<br> And please no links
Vadim26 [7]

Answer:

84 98

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
Other questions:
  • What is 2/5 of the product of 5/6 and 42
    13·1 answer
  • Which of the following best classifies a quadrilateral with coordinates A(2, 6), B(5, 1), C(10, 4), and D(7, 9)? Rectangle Paral
    5·1 answer
  • Display the set of data in a histogram.
    14·1 answer
  • Four-legged animals run with two different types of motion: trotting and galloping. An animal that is trotting has at least one
    15·1 answer
  • Daniel is packing his bags for his vacation. He has 5 unique socks, but only 4 fit in his bag How many different groups of 4 soc
    11·1 answer
  • Mark rode his bike to school at anaverage speed of 12 miles per hour.What was his speed in feet perminute (fpm)?
    15·1 answer
  • A step by step solution. each step has clear instructions. Like a recioe
    7·1 answer
  • -2= -( n - 8) Solve for n ​
    14·1 answer
  • Using the diagram below, what is the measure of angle 8?*
    15·2 answers
  • X5+ 7 = y Solve for x<br> pls hurry
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!