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
Len [333]
3 years ago
6

Ivanhoe Company purchased a new machine on October 1, 2017, at a cost of $77,980. The company estimated that the machine has a s

alvage value of $6,860. The machine is expected to be used for 72,900 working hours during its 7-year life. Compute the depreciation expense under the straight-line method for 2017 and 2018, assuming a December 31 year-end. (Round answers to 0 decimal places, e.g. 5,275.)
Business
1 answer:
ad-work [718]3 years ago
6 0

Answer:

Annual depreciation= $10,160 a year

Explanation:

Giving the following information:

Ivanhoe Company purchased a new machine on October 1, 2017, for $77,980. The company estimated that the machine has a salvage value of $6,860. The machine is expected to be used for 72,900 working hours during its 7-year life.

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (77,980 - 6,860)/7= $10,160 a year

You might be interested in
Brooke's Boutique plans to launch a new clothing line. For this purpose, the firm first conducts a survey to understand its targ
Gekata [30.6K]

Answer:

Descriptive followed by causal is the correct answer.

Explanation:

8 0
3 years ago
I would like to set up a company that has operational flexibility and tax efficiencies, but I would also like reduce my personal
Natalka [10]
Aisisiizuddyhee. Shsdiuejebsvz
6 0
3 years ago
c) Explain ONE way in which the adoption of laissez-faire economic policies led to an increase in the share of global manufactur
Alinara [238K]

Answer:

Laissez faire economics advocates for less government regulation and intervention. Extreme laissez faire views dislike all types of taxes and controls.  Of course something like that will never happen, but different economic policies favor certain laissez faire views.

For example, during the 1800s, many politicians believed that business owners were entitled to exploit their workers in order to make higher profits. As a result of these types of policies, 14 or 16 hour long labor days were common, no safety regulations existed, and the wages were not high. Since governments didn't regulate labor markets, businesses were able to benefit form this and increase total production.

8 0
3 years ago
If an item tends to be very expensive to repair, how might that affect your decision to purchase a warranty for it?
Musya8 [376]
You may decide to purchase a warranty because that will be way cheaper than paying to get it repaired a lot of times
3 0
3 years ago
Read 2 more answers
Which of the following criteria is important when identifying a potential
-BARSIC- [3]

Answer: A

Explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • What might explain the decline in trust during this time? explain the decline in trust both in terms of the "moral trust" and "r
    9·1 answer
  • Automation of a process activity consists of moving work from the ________ of the symmetrical five-component framework.
    12·1 answer
  • What happens to the economy during a recession cycle
    7·1 answer
  • CONSIDER a JOB THAT PAYS 100,000 PER YEAR. FEDERAL INCOME TAX IS 19% AND STATE INCOME TAX IS 7% WHAT IS THE ANNUAL TOTAL OF THE
    9·1 answer
  • Chocorrect, a gourmet chocolate manufacturer, imports the best quality cocoa for its chocolates from the country Jescavia. Howev
    15·1 answer
  • The anchoring and adjustment heuristic come in to play when consumers base their predictions on the quickness and ease with whic
    7·1 answer
  • How is my real friend please subscribe to my mom channel please​
    7·1 answer
  • Suppose that a bank has ​$80 in checkable​ deposits, reserves of ​$15 ​, and a reserve requirement of​ 10%. Also assume that the
    9·1 answer
  • Brown Industries has a debt-equity ratio of 1.5. Its WACC is 9.6 percent, and its cost of
    15·1 answer
  • What are four ethical character traits
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!