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
BartSMP [9]
3 years ago
12

Holt company purchased a computer for $8,000 on january 1, 2016. straight-line depreciation is used, based on a 5-year life and

a $1,000 salvage value. in 2018, the estimates are revised. holt now feels the computer will be used until december 31, 2019, when it can be sold for $500. compute the 2018 depreciation.
Business
1 answer:
lora16 [44]3 years ago
4 0
<span>Given data shows that $1000 as salvage value and purchased computer for $8000 Depreciation was: (8,000 - 1,000) / 5 = 1,400 per year. Two year's depreciation = 2,800 Book value after two years = 8,000 - 2,800 = 5,200 After the estimates are revised, there are two more years remaining with a salvage value of 500. (5,200 - 500) / 2 = 2,350 depreciation for 2018</span>
You might be interested in
Piper, a US citizen owns 100% of the stock of FORco, a foreign manufacturing and sales subsidiary. In 2020, FORco had $10 millio
ss7ja [257]

Answer:

$70000

Explanation:

We have been give in this question that a 100 percent of FORcos share belongs to piper. He owns a 100 percent fully. Piper has to include that which he deposited. 7 million dollars of 2 percent

= 7million dollars x 1 percent

= 7000000 x 0.01

= $70000

So piper has to include in gross income her share of FORcos f income for investment in united states property and this has been calculated as 70000

5 0
2 years ago
McDonald’s requires $750,000 in cash or liquid assets, a __________ initial fee, plus a monthly service fee based on the restaur
nignag [31]

McDonald’s requires $750,000 in cash or liquid assets, a $45,000 initial fee, plus a monthly service fee based on the restaurant’s sales performance and rent.

Explanation:

According to McDonald's, total project expenditures, including construction costs and upgrades, vary from $1 million to $2.2 million. The number is determined by the restaurant geography and scale and the preference of kitchen equipment, branding, design style and landscaping.

McDonald's charges a franchisee premium of $45,000 and a monthly service rate equivalent to 4% of gross sales. Franchisees also have to pay rent, a proportion of the monthly sales to the client.

The International Union of Service Employees estimates that franchisees pay an average of 10.7% of revenue in rental costs.

The startup costs for McDonald's franchisee are like those of KFC, Wendy and Taco Bell.

6 0
3 years ago
How much would you need to deposit in an account now, such that in 5 years your account will have increased to $8,000, assuming
VladimirAG [237]

Answer:

$6268.21

Explanation:

Future value = $8000

Interest(r) = 5%

Period (n)= 5 years

How much need to deposit?

Find the Present value:

PV = FV / (1+r)n

= 8000 / (1.05)5

= 8000 / 1.27628156

Present Value / Amount need to deposi today = $6268.21 approx

4 0
1 year ago
The study of economics focuses most on...
-Dominant- [34]
A, all of above because they are all the study of economics
5 0
3 years ago
John would like to move from the city into the suburbs and has been saving up a large down payment for a home. Which is the most
Simora [160]
Im 100 percent sure that the anser is c
3 0
3 years ago
Other questions:
  • Consider a $1,000 par value bond with a 9% annual coupon. The bond pays interest annually. There are 20 years remaining until ma
    11·1 answer
  • What pricing strategy is usually the rule in an oligopolistic industry that a few firms​ dominate, which might be in the best in
    8·1 answer
  • Fill in the blanks: Stock prices fall if investors either expect _________ growth rates or require _________ returns.A. higher,
    10·2 answers
  • Child labor is permitted and widely employed in Country X. A multinational company entering Country X decides to employ minors i
    5·1 answer
  • Scarlett has received authorization to add an assistant manager to her department. This person will be working closely with Scar
    7·1 answer
  • Which of the following will not help a firm speed up the timing of when it can obtain the use of funds from checks written to it
    5·1 answer
  • Anna works at Zeal-Us Inc. She and her coworkers have been going on strike for two hours every alternate day in protest against
    11·1 answer
  • The Income Statement for Pumpkin Co. is shown below:
    14·1 answer
  • Jesse wants to work as a public relations specialist. What academic requirements should he complete?
    8·1 answer
  • Which crop saved jamestown by making money for the settlement’s investors?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!