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balu736 [363]
3 years ago
12

Kansas Enterprises purchased equipment for $73,000 on January 1, 2021. The equipment is expected to have a five-year service lif

e, with a residual value of $7,350 at the end of five years. Using the straight-line method, depreciation expense for 2022 and the book value at December 31, 2022, would be:
Business
1 answer:
Margaret [11]3 years ago
4 0

Answer:

Depreciation expense = $13,130

Book value = $46,740

Explanation:

Depreciation is a method of expensing the cost of an asset.

Depreciation expense using the straight line method = (Cost of asset - salvage value) / useful life

($73,000 - $7,350) / 5 = $13,130

The depreciation expense each year would be $13,130.

Book value = Cost of asset - Depreciation expense

In December 2021, the book value would be = $73,000 - $13,130 = $59,870

In December 2022, the book value would be = $59,870 - $13,130 = $46,740

I hope my answer helps you

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Read 2 more answers
Waylon works for a company that produces temporary tattoos. His company wants to reach a young, highly engaged target market. Hi
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The social media platform that Waylon should focus on more should be Insta-gram.

<h3>What are Social Media Platforms?</h3>

Social Media Platforms are websites and mobile applications software where information, ideas, thoughts are shared through virtual networks for different types of purposes such as to educate, inform, or for marketing purposes.

The target young people required for their engagement in Waylon's company is generation Z. Generation Z is mostly found and they spend most of their time on Insta-gram.

According to research, 65% of generation Z spent most of their time on this social media platform.

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2 years ago
For problems 1-3, use the Social Security tax rate of 6.2% on the first $97,500 earned and
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Medicare: $49.3

Explanation:

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Richards gross income for the months us $3,400

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3 years ago
the builders of the transcontinental railroad used legal and illegal means to cut costs and finance construction. which phrases
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The builders of the transcontinental railroad used legal and illegal means to cut costs and finance construction. The Legal means are -

receiving government aid

overcharging the government for work

allowing poor and unsafe workmanship

selling stock in their companies.

What is a transcontinental country?

Transcontinental nations are nations which might be placed on more than one continent. they're also referred to as intercontinental states. The transcontinental countries are known to be a part of a particular continent but a portion of or its overseas territories lie in another continent.

How many transcontinental international locations are there?

Argentina, Australia, Chile, France, New Zealand, Norway, and the United Kingdom: those seven states claim portions of the Antarctic mainland (some of them overlapping), in addition to its associated islands south of 60°S latitude.

How do you use transcontinental in a sentence?

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Answer:

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