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
Julli [10]
3 years ago
5

Equipment with a cost of $150,000 has an accumulated depreciation of $100,000. What is the historical cost of the equipment?

Business
1 answer:
aliina [53]3 years ago
6 0

<u>Determination of historical cost of Equipment:</u>


A historical cost is the original cost of the assets purchased. It is the value at which the asset is recorded in the accounts.  In other words, historical cost is the nominal or original cost at which the asset was acquired.

In the given case it is given that Equipment has a cost of $150,000.


Hence the historical cost of Equipment shall be <u>$150,000.</u>



You might be interested in
The Yum and Yee food truck near the business school serves customers during lunch hour by taking orders and making fresh batches
Marina86 [1]

Answer:

Setup time = 2.5 min. per order

Process capacity = 1.09 units/minute

Utilization = 7.5 minutes

Explanation:

The time to cook just one order = 3 minutes

Cooking two orders in a batch = 3.5 minutes

cooking three orders = 4 minutes

bagging and accepting payments = 0.80 minutes

a) Setup time:

Setup time = 3 - 0.5

= 2.5 min. per order

b) Process capacity:

Production = Setup time + ( Processing time * Batch size )

= 2.5 + (0.5 * 6)

= 5.5 minutes

Process capacity = Batch size / Production

= 6 / 5.5

= 1.09 units/minute

c) Utilization:

Batch size = 10

Production = Setup time + (Processing time * Batch size)

= 2.5 + (0.5 * 10)

= 7.5 minutes

5 0
3 years ago
On a supply and demand graph, if the demand curve shifts to the left, what would be the resulting effec
Shtirlitz [24]

Answer:

A).price will fall and quantity will fall

Explanation:

A reduction in demand causes the demand curve to shift to the left. The demand for a good may decrease due to a fall in incomes( assuming a normal good), a rise in the price of a substitute commodity, increases in the price of a compliment product, or changes in customer preferences.

Reduction in demand means a product is less desirable in the market. Its price will fall as sellers try to woe buyers to purchase it. The quantity supplied will also decline as few customers will be willing to buy the product.

5 0
3 years ago
Alto and Solo are all-equity firms. Alto has 2,400 shares outstanding at a market price of $24 a share. Solo has 4,000 shares ou
Novosadov [1.4K]

Answer:

$100

Explanation:

Alto's share value =  (2,400 × $24) = $57,600

Alto's total value = Share value + Incremental value of acquisition = $57,600 + $5,500 = $63,100

Net present value (NPV) = Alto's total value - Cost of acquisition =  $63,100 - $63,000 = $100

Therefore, the net present value of acquiring Alto to Solo is $100.

7 0
3 years ago
Suppose that the banking system in Canada has a required reserve ratio of 10 percent while the banking system in the United Stat
Mariulka [41]
I understand here the "money creation" to mean that the money would enter the circulation. Then the bigger amount of money creation is when less money needs to be retained by the banks!
and if the bank has to keep 10%, this is less than when it needs to keep 20% - so more money would enter the market in Canada!
6 0
3 years ago
On November 1 of year 0, Jaxon borrowed $50,000 from Bucksnort Savings and Loan for use in his business. In December, Jaxon paid
Stels [109]

Answer:

a. $750

b. $750

Explanation:

The first thing to do is calculate the monthly interest as follows:

Monthly interest = Total interest ÷ 12 = $4,500 ÷ 12 = $375

The rent for two months in year 0 (November and December) = $375 × 2 = $750.

Prepaid expenses (January to October of year 1) = $4,500 - $750 = $3,750.

Decision:

Prepaid expenses is not deductible under either cash accounting method or accrual accounting method for tax purposes.

Therefore, Jaxon can deduct only $750 two months (November and December) relevant for year 0 under both cash accounting method and accrual accounting method.

The prepaid expenses of $3,750 is not deductible in year 0 but can only be deducted in year 1.

4 0
3 years ago
Other questions:
  • To produce espressos, a coffee shop has fixed costs of 200 dollars each day and variable costs of one dollar per espresso. The n
    6·1 answer
  • Three Waters Co. is a small company and is considering a project that will require $700,000 in assets. The project will be finan
    14·2 answers
  • Jermaine and Kesha are married, file a joint tax return, have AGI of $82,500, and have two children. Devona is beginning her fre
    15·1 answer
  • Peter is a manager at a fast-food restaurant. He wants to introduce a kid's meal into the restaurant's menu. He wants to convinc
    14·1 answer
  • Х
    8·1 answer
  • Managerial accounting systems report both monetary and nonmonetary information. Examples of nonmonetary information include: ___
    5·1 answer
  • The interest rate effect of a decrease in the aggregate price level will increase which of the following?
    12·1 answer
  • 4. Which of the following is true of social capital?
    15·1 answer
  • what are the three areas on the dashboard that let you find and perform every feature and function you need in quickbooks online
    5·1 answer
  • Last year Dania Corporation's sales were $525 million. If sales grow at 10.5% per year, how large (in millions) will they be 8 y
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!