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saw5 [17]
3 years ago
5

Daily Enterprises is purchasing a $ 9.8 million machine. It will cost $ 48,000 to transport and install the machine. The machine

has a depreciable life of five years and will have no salvage value. If Daily uses​ straight-line depreciation, what are the depreciation expenses associated with this​ machine?
Business
1 answer:
Alona [7]3 years ago
4 0

Answer:

$1,969,600

Explanation:

Total cost to be capitalized = $9,800,000 + $48,000

                                             = $9,848,000

Useful life = 5 years

Using straight line method

Depreciation expense = $9,848,000/5

                                     = $1,969,600

The depreciation expenses associated with this​ machine amounts to $1,969,600.

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Ed has an almost-new economy car, but he wants a Ford Mustang because he thinks it would be exciting to own one. If he decides t
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7 0
2 years ago
Hardin Company received $120,000 in cash and a used computer with a fair value of $360,000 from Page Corporation for Hardin Comp
san4es73 [151]

Answer:

$30,000 and $360,000

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The computation of the gain on the exchange is shown below:

= Cash received + fair value of the computer  -  undepreciated cost of existing computer

= $120,000 + $360,000 - $450,000

= $30,000

The amount of the computer which is recorded will equal to the fair value of the computer i.e $360,000

For computing the gain we simply added the fair value and deduct the undepreciated cost of an existing computer in the cash received amount so that the accurate amount can come.  

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3 0
4 years ago
At some colleges and universities, economics professors receive higher salaries than professors in some other fields.
koban [17]

Answer:

Explanation:

At some colleges and universities, economics professors receive higher salaries than professors in some other fields.

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Economists have a higher opportunity cost working in academia than professors in other fields because in certain fields that are different from academic,there is a lack of labor opportunity for professor and even when such arise ,they are difficult to get and another reason may be that economists who are good in some fields may employ themselves in other firms with higher wages because of their real life first hand experience, even when some colleges and universities wants to hire them, got to spend a greater amount of money than for professors in some other fields.

B. Some other colleges and universities have a policy of paying equal salaries to professors in all fields. At some of these schools, economics professors have lighter teaching loads than professors in some other fields. What role do the differences in teaching loads play

In order for  university to employ working force which is hard to find, they put in place differences in teaching loads ,such differences in teaching load are intended to attract economics professors by providing nonmetary compensation

3 0
3 years ago
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