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miv72 [106K]
3 years ago
6

On January 1, 20X2, X Company made modifications to an asset used in its manufacturing operations in order to extend its useful

life. The asset had an original cost of $30,000 and accumulated depreciation of $12,000, with a remaining useful life of 5 years. As a result of the modification, which cost $6,000, the remaining useful life was increased to 8 years. If X Company uses straight-line depreciation, in 20X2, X Company: ________
Business
1 answer:
sp2606 [1]3 years ago
8 0

Answer:

The answer is: Will increase the asset value by $6,000 (total asset value $24,000) and record depreciation expenses by $3,000 per year (for 8 years of remaining useful life)

Explanation:

The value of the asset modified will change from $18,000 (the difference between $30,000 original cost minus $12,000 depreciation) to $24,000 including the repairs.

The depreciation expense can be calculated by dividing the new asset value ($24,000) by the new useful life of the asset (8 years) to $3,000 per year.

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¿Qué nuevos productos puede incluir un restaurante en su oferta? ¿Por qué?
PtichkaEL [24]

Answer:it is d

Explanation:

5 0
3 years ago
1. Shareholders must approve any corporate decision that would cost more than $10,000. a. True b. False 2. A corporation must no
Lemur [1.5K]

Answer:

Please find the detailed answer below

Explanation:

1. False. Shareholders dont approve operational or tactical corporate decision. Some of the decisions that shareholders approve are:

Appointment of auditors (if there are any)

Appointment or re-appointment of directors.

Removal of a director or the auditor etc.

2. Companies must notify shareholders at least 10 days before the Annual General Meeting date.

3. This is known as proxy solicits

4. A QUORUM must be present, either in person or through proxies

5. Only persons whose names appear on the company's stockholder records as owners are entitled to vote

3 0
3 years ago
A bond par value is $1,000 and the coupon rate is 4.3 percent. The bond price was $945.46 at the beginning of the year and $976.
Snezhnost [94]

Answer:

The bond's real return for the year was 5.49%

Explanation:

In order to calculate the bond's real return for the year we would have to calculate the following formula:

bond's real return for the year=(1+Nominal rate of return)/(1+Inflation) -1

According to the given data Inflation=2.2 percent

To calculate the Nominal rate of return we would have to calculate the following:

Nominal rate of return=(Selling price + Interest coupon - Purchase price)/Purchase price

According to the given data:

Selling price=$976.26

Interest coupon=$43

Purchase price=$945.46

Therefore, Nominal rate of return=($976.26 + $43 - $945.46)/ $945.46

Nominal rate of return=7.81%

Therefore, bond's real return for the year= (1+7.81%)/(1+2.2%) -1

bond's real return for the year=5.49%

The bond's real return for the year was 5.49%

6 0
3 years ago
A belief that something will be the case or will happen is known as:
Airida [17]
A. Expectation because expectation means
a strong belief that something will happen or be the case in the future.
7 0
3 years ago
You find a fossil, and through careful study you find that only one-sixteenth of the carbon-14 that it once contained is still r
posledela

Answer:

The correct answer is:

5×5700 yr = 28,500 years (d)

Explanation:

The half life of an element/atom is the time is takes for that element/atom to decay to half of its original mass/size.

It was found that the carbon-14 atom had decayed until only \frac{1}{16th} of the original size is still remaining.

Now, let us first find how many half lives are in one-sixteenth, and that is \frac{1}{2}* \frac{1}{2}* \frac{1}{2}* \frac{1}{2} = \frac{1}{16}. so it means that there are 4 half lives in one-sixteenth, and since one half life takes approximately 5700 years, therefore 4 half lives will take 4×5700 yr = 22, 800 years, but at this point (22,800 years ago)the fossil has already half-life, therefore the additional age is to add the number of years it took to decay that half life. hence the age of fossil is:

22,800 + 5700 = 28, 500 years

6 0
3 years ago
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