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
Rama09 [41]
3 years ago
12

Equipment with a cost of $225,000 has an estimated salvage value of $15,000 and an estimated life of 4 years or 10,000 hours. It

is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 2,700 hours?
Business
1 answer:
elixir [45]3 years ago
4 0

Answer:

The depreciation is $52,500

Explanation:

The formula to compute the depreciation under the straight-line method is shown below:

= \dfrac{(original\ cost - salvage\ value )}{Number\ of\ years}

= \dfrac{(\$225,000 - \$15,000)}{4\years}

= $52,500

Under the straight-line method, the depreciation expense should be the same for the remaining useful life. Life of the equipment or machine should always be expressed in years, not in hours.

So, these usage of hours should be ignored.

You might be interested in
Typically, the average tax rate for a person is ________ his or her marginal tax rate, because the marginal tax rate applies to
creativ13 [48]

Answer:

1. below;

2. the last dollars taxed but not to all income

Explanation:

Given that the average tax rate for individuals is the percentage of income that individuals pay in taxes. While the marginal tax rate applies to a certain part of taxable income, which is usually the last dollar of the income

Hence, Typically, the average tax rate for a person is BELOW his or her marginal tax rate, because the marginal tax rate applies to THE LAST DOLLARS TAXED BUT NOT TO ALL INCOME.

7 0
3 years ago
br company has a contribution margin of 12%. sales are $629,000, net operating income is $75,480, and average operating assets a
iragen [17]

The correct option to the given question is option 2) 12.0%

Br company's return on investment is 12.0%

The creation of novel ROIs known as "social return on investment," or SROI, has caught the attention of certain investors and companies. SROI was first created in the late 1990s and considers wider effects of projects utilizing extra-financial value (i.e., social and environmental metrics not currently reflected in conventional financial accounts).

SROI aids in comprehending the benefits of specific environmental, social, and governance (ESG) standards utilized in socially responsible investment (SRI) activities.

For instance, a business might opt to switch to all LED lighting and recycle water in its manufacturing. However, the net benefit to society and the environment could result in a positive SROI. These initiatives have an immediate cost that may have a negative impact on traditional return on investment.

Question

br company has a contribution margin of 12%. sales are $629,000, net operating income is $75,480, and average operating assets are $142,000. what is the company's return on investment (roi)?

Options:

  1. 4.4%
  2. 12.0%
  3. 53.2%
  4. 0.2%

To learn more about return on investment click here

brainly.com/question/13166641

#SPJ4

3 0
1 year ago
Determinants of how long a firm should borrow money include?
mario62 [17]

Determinants of long a firm should borrow money include are:

⇒the seasonal environment of the business

⇒the cost of inventory

⇒the cash flow forecast

The term "capital structure" describes how a company decides to finance its projects and assets through a combination of internal resources, debt, and equity.

To lower their risk of insolvency, remain effective, and ultimately maintain or become profitable, a company should determine the ideal debt to equity ratio.

The capital structure of a company is influenced by a wide range of variables, including leverage or trading on equity, company growth, the nature and scale of the business, the desire to maintain control, the flexibility of the capital structure, investor requirements, the price to float new securities, the timing of the issue, the corporate tax rate, and the legal requirements.

To learn more about Capital Structure here

brainly.com/question/15041466

#SPJ1

4 0
2 years ago
To automate one of its production​ processes, the Milwaukee Corporation bought three flexible manufacturing cells at a price of
liq [111]

Answer:

$1,521,800

Explanation:

The computation of cost basis is shown below:-

Three cells cost price = 3 × $470,000

= $1,410,000

Combination of rate charges = $30,000 + $16,000 + $39,000 + $3,600

= $88,600

Wages of one foreman = wage per hour × weeks worked × hours per week

= $29 × 5 × 40

= $5,800

Wages of 4 foremen = 4 × $5,800

= $23,200

Three cells cost basis = Three cells cost price + Combination of rate charges + Wages of one foreman

= $1,410,000 + $88,600 + $23,200

= $1,521,800

4 0
3 years ago
g A debit is used to record which of the... A debit is used to record which of the following: Multiple Choice A decrease in an a
Veseljchak [2.6K]

Answer:

An increase in dividends account

Explanation:

In accounting, a debit is used to record an increase in asset, an increase in expense and a decrease in liability.

With regards to the above, the correct option is an increase in dividends account because dividend is a current asset hence a debit records an increase in assets. Dividend is the returns paid to an investor or shareholder who invest or buys shares in a company. It is the reward paid to an investor for investing in a company.

4 0
3 years ago
Other questions:
  • The next two questions refer to the following fictional financial statement from Sharpie Markers, who sells their markers direct
    8·1 answer
  • A person's low score on the _____ component of the Big Five personality model is closely associated with the fact that he or she
    8·1 answer
  • A company set-up a petty cash fund with $800. The disbursements are as follows:
    14·1 answer
  • Ruff Wear expects sales of $560, $650, $670, and $610 for the months of May through August, respectively. The firm collects 20 p
    11·1 answer
  • At the end of Year 1, Fulton Corporation estimates uncollectible accounts to be $10,000. Actual bad debts during Year 2 totaled
    5·1 answer
  • An investment banker agrees to a best efforts offering of 2.5 million shares of Crew stock. The offer price is set at $35 per sh
    14·1 answer
  • What is a parent company of philip morris?
    13·1 answer
  • Assume that your total cost per unit to make a snack is $4.50. Your company is using a cost-plus pricing strategy and would like
    7·1 answer
  • Calculate the average stock in a department with annual sales of $1,840,000 and an annual stock turnover of 5.4.
    9·1 answer
  • ______ across boundaries occurs even beyond the boundaries of the organization to include customers.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!