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
asambeis [7]
3 years ago
15

"Cincinnati Supply, Co. is a local supplier to the Kraft Heinz Company, which is the third-largest food and beverage company in

North America and the fifth-largest food and beverage company in the world. Cincinnati Supply, Co. purchased new furniture at a cost of $33,000 on January 1. The furniture is estimated to have a useful life of 6 years and a $3,000 salvage value. The company uses the straight-line method of depreciation. What is the amount of depreciation expense reported on December 31
Business
1 answer:
ASHA 777 [7]3 years ago
7 0

Answer:

Annual depreciation= $5,000

Explanation:

Giving the following information:

Purchasing price= $33,000

Salvage value= $3,000

Useful life= 6 years

To calculate the depreciation expense under the straight-line method, we need to use the following formula:

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

Annual depreciation= (33,000 - 3,000)/6

Annual depreciation= $5,000

You might be interested in
What message is this price tag telling shoppers? (other than it is on sale)
Nata [24]

Answer: it says that but you can try to let them give it to you for 7 if they say it's 9 just damage the box a little for a discount

Explanation:

4 0
2 years ago
The CAN-SPAM Act regulates the use of unsolicited ads that show mature content unsuitable for ____________ .
velikii [3]
The answer that would best complete the given statement above would be the term CHILDREN. <span>The CAN-SPAM Act regulates the use of unsolicited ads that show mature content unsuitable for children. This is under the minor protection law. Hope this answers your question. Have a great day!</span>
8 0
3 years ago
Read 2 more answers
"
ss7ja [257]
As seen in the chart  B has the comparative advantage in coal because 1/3 > 1/5 It means they are better at producing coal than the U.S.Have in mind examples like:
U.S. 
1 barrel of oil = 4 hrs 
1 ton of coal = 5 hrs 

B 
1 barrel of oil = 7 hrs 
1 ton of coal = 3 hrs 
After seeing this we can say that the country which has more availability has a comparative advantage over other countries.
Hope this helps
8 0
3 years ago
Read 2 more answers
Is there a savings account you can't touch
astra-53 [7]
Yes, there are many savings accounts you can't touch for a period of time
5 0
4 years ago
According to the video, what do Financial Analysts analyze? Check all that apply.
GREYUIT [131]
Financial records, A company’s competitors. Got it from quizlet!
8 0
3 years ago
Read 2 more answers
Other questions:
  • An investment bank agrees to underwrite an issue of 15 million shares of stock for Looney Landscaping Corp.
    15·1 answer
  • Outlines give you a chance to organize your thinking before determining word choice and sentence structure.
    7·1 answer
  • Robert has a monthly income of $1,650.00. His monthly mortgage payment is $675.00. What percentage of his income does Robert spe
    5·1 answer
  • When solving systems of equations we have at least two unknowns. A common example of a system of equations is a price problem. F
    13·1 answer
  • Suppose that during the past year, the price of a laptop computer rose from $2,750 to $2,880. During the same time period, consu
    12·1 answer
  • Rona and stiv do business as treasure island traders. in a deal with unlimited potential, inc., rona makes a bid in competition
    5·1 answer
  • Suppose that the federal government places a binding price floor on chocolate. To help support the price floor, the government p
    10·1 answer
  • what is the effective interest rate of a simple discount note of 8000 at an ordinary bank discount rate of 11%, for 120 days?
    10·1 answer
  • Pleas help!! Please!!!
    7·1 answer
  • The basic formula for the price elasticity of demand coefficient is.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!