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Gnoma [55]
3 years ago
9

. Machinery was purchased for $85,000. Freight charges amounted to $3,500 and there was a cost of $10,000 for building a foundat

ion and installing the machinery. It is estimated that the machinery will have a $15,000 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will bea. $19,700b. $16,700c. $14,300d. $14,000
Business
1 answer:
polet [3.4K]3 years ago
3 0

Answer:

b. $16,700

Explanation:

The computation of the depreciation expense under the straight line method is shown below:

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

= ($98,500 - $15,000) ÷ (5 years)

= ($83,500) ÷ (5 years)  

= $16,700

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

The original cost is computed below:

= $85,000 + $3,500 + $10,000

= $98,500

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Answer:

You should make sure you are putting money into it every week, month, or year.

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3 years ago
Dale’s young son does not know much about his dad’s job but he does know that his dad works at the Chevy Manufacturing Plant. Da
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I got 15/15 on the questions. :)

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4 0
3 years ago
Real per capita GDP in Taiwan in 1961 was about $500, but it doubled to about $1000.00 by 1981. a. What was the average annual e
aliya0001 [1]

Answer:

the average annual economic growth rate in Taiwan from 1961 to 1981 was 41.42%

Explanation:

Hi, we need to use the following formula.

FV=PV(1+r)^{t}

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PV = GDP in 1961 ($500)

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t = years from 1981 to 1961 (20 years)

So, it should look like this:

1,000=500(1+r)^{20}

Now, we solve for "r"

\frac{1,000}{500} =(1+r)^{20}

2=(1+r)^{20}

\sqrt[20]{2} -1=r

r=0.4142

So, the growth rate of Taiwan´s GDP is 41.42%

Best of luck.

5 0
3 years ago
Galaxy lighting is a new company creating chandeliers specifically to be used in hotel lobbies. since its potential customers ar
baherus [9]
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3 years ago
Three Torque Inc., a U.S.-based multinational company, allows its managers to make facilitating payments in host countries to ex
Goryan [66]

Answer:

Cultural Relativism

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3 years ago
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