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san4es73 [151]
2 years ago
12

El Tapitio purchased restaurant furniture on September 1, 2021, for $45,000. Residual value at the end of an estimated 10-year s

ervice life is expected to be $6,000. Calculate depreciation expense for 2021 and 2022, using the straight-line method, and assuming a December 31 year-end. (Do not round intermediate calculations.)
Business
1 answer:
muminat2 years ago
4 0

Answer:

$1,300 and $3,900

Explanation:

The computation of the depreciation expense for the year 2021 and 2022 using the straight line method is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($45,000 - $6,000) ÷ (10 years)

= ($39,000) ÷ (10 years)  

= $3,900

In this method, the depreciation is same for all the remaining useful life

For the year 2021, it is

= $3,900 × 4 months ÷ 12 months

= $1,300

The four months are taken from Sep 1 to Dec 31

And, for the year 2022, it is $3,900

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Answer:

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We must understand that in the end of the life of a bond(maturity), the value should always match the face value thus, the difference in bond market price arise from coupon payment.

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A form of comparative analysis where customers show their opinions of another firm’s strengths vis-?-vis their competitors is a
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If the number of employed workers equals 200 million and the number of unemployed workers equals 20 million, the unemployment ra
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If the number of employed workers equals 200 million and the number of unemployed workers equals 20 million, the unemployment rate equals 9%.

<h3>What is the unemployment rate?</h3>

The unemployment rate is the percentage of the labour force that is unemployed.

The unemployment rate = (number of unemployed people / total labour force) x 100

Total labour force = 200 million + 20 million = 220 million

(20 / 220) x 100 = 9%

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