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
Alla [95]
3 years ago
5

A company purchased a machine for $193,000 on October 1, 2021. The estimated service life is 10 years with a $19,800 residual va

lue. The company records partial-year depreciation based on the number of months in service. Depreciation expense for the year ended December 31, 2021, using straight-line depreciation, is: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount)
Business
1 answer:
mestny [16]3 years ago
6 0

Answer:

$4,330

Explanation:

the amount that needs to be depreciated = purchase price - residual value = $193,000 - $19,800 = $173,200

depreciation per year using straight line method = $173,200 / 10 = $17,320

depreciation per month = $17,320 / 12 = $1,443.33 per month

we must record 3 months of depreciation expense = 3  months x $1,443.33 per month = $4,330

December 31, 2021

Dr Depreciation expense 4,330

    Cr Accumulated depreciation - machinery 4,330

You might be interested in
Several months ago, a restaurant developed a new appetizer that is a hit with customers. Many customers go to the restaurant jus
grigory [225]

Answer:

The correct answer is True.

Explanation:

To paddle with a single direction and in a single sense, we have defined a process with four phases: the first, identify, communicate and evaluate the skills we want and need in our company; the second, identify training needs to reinforce the desired skills; the third, design and implement individualized intervention plans; and the fourth, evaluate the results of these interventions.

All this, with impeccable communication from management and workers' management, explaining very well that the purpose of the process is to redirect efforts, work in a coherent way and reinforce the skills needed to face the current situation, acting with a shared ethics and making them partakers of the engine of change!

4 0
3 years ago
An investment offers a total return of 18 percent over the coming year. Janice Yellen thinks the total real return on this inves
Nadusha1986 [10]

Answer: Janice believe the inflation rate will be over 4%.

Explanation:

The expected return is 18% but Janice is thinking the return will be 14% because she is discounting the inflation which is 4%. She expects to receive 14% net rate (18%-14%= 4%).

7 0
2 years ago
You live in a culture in which people grow their own food and rarely have to buy food from others.One day,a researcher from the
earnstyle [38]

Answer: $25

Explanation:

The Dictator game is used to measure just how much a person will act out of self interest especially give their surrounding. One person will be the dictator and the other a recipient who would be a stranger. The dictator will decide how much they are to give the recipient.

You live in a culture where you do not have to buy food and as this is a significant expense for humans, it means that you do not need much money. Regardless of this however, it has been shown that people would not give out the majority of their money which means that you would not give out 50% or above of the money.

As 50% is $25 here, that would be the correct option.

5 0
2 years ago
What message is this price tag telling shoppers? (other than it is on sale)
KatRina [158]
It is saying that it was $9 and it was then marked down on sale for 7:00. The tag is also telling you the size.
3 0
2 years ago
________ said, "Develop your people to do their jobs better than you can. Transfer your skills to them. This is exciting but it
rodikova [14]

Answer:

Bill Gates said, "Develop your people to do their jobs better than you can. Transfer your skills to them. This is exciting but it can be threatening to a manager who worries that he is training his replacement. Smart managers like to see their employees increase their responsibilities because it frees the managers to tackle new or undone tasks."

Explanation:

Bill Gates is an American computer pioneer and philanthropist. He is a co-founder of Microsoft, where he was the chairman of the board. He has now left the day-to-day work at Microsoft to work full-time within the Bill & Melinda Gates Foundation. According to Forbes magazine, Gates is the second richest person in the world (after Jeff Bezos) with a fortune of about $105 billion.

7 0
2 years ago
Other questions:
  • Charlotte (age 40) is a surviving spouse and provides all of the support of her four minor children, who live with her. Charlott
    13·1 answer
  • Nonverbal communication influences the way a message is received and functions in at least five different ways.
    9·1 answer
  • Ivanhoe Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Ivanhoe
    8·1 answer
  • According to the video, which terms best describe the role of General and Operations Managers? Check all that apply. documented
    9·2 answers
  • For a manufacturing company, selling price for an item is $472.00 per Unit, Variable cost is $235.00 per Unit, rent is $7,880.00
    13·1 answer
  • Suppose that when the price per ream of recycled printer paper rises from​ $4 to​ $4.50, the quantity demanded falls from 800 to
    5·1 answer
  • Krizun Industries makes heavy construction equipment. The standard for a particular crane calls for 14 direct labor-hours at $16
    6·1 answer
  • Hale Company purchased two identical inventory items. The item purchased first cost $22.00. The item purchased second cost $25.0
    10·1 answer
  • LG, a South Korean electronics company, has four divisions: Home Entertainment, Mobile Communications, Home Appliance & Air
    15·1 answer
  • If you have a long position in a foreign currency, you can hedge with:_____.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!