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
Ivenika [448]
3 years ago
15

A machine was purchased for $35,500, having a useful life of 10 years, and a residual value of $6,000. Compute the annual deprec

iation expense using the straight-line method.
Business
1 answer:
Akimi4 [234]3 years ago
6 0

Answer:

Annual depreciation= $2,950

Explanation:

Giving the following information:

A machine was purchased for $35,500, having a useful life of 10 years, and a residual value of $6,000.

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

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

Annual depreciation= (35,500 - 6,000) / 10

Annual depreciation= $2,950

You might be interested in
McGraw purchased an antique rocking chair from Tillis by check. The check was dishonored by the bank due to insufficient funds.
LekaFEV [45]

Answer:

Option C is the correct option.

Explanation:

As the rights and obligation of the antique rocking chair are been passed to third party, so the damage caused by the checque been bounced is the monetry consideration agreed between the party to the contract, McGraw and Tellis. So Tellis may recover money damages from McGraw. However there is a special condition that can allow Tellis recover his asset from Rio if the third party knew before purchase of this asset, that the checque paid to Tellis by McGraw was dishonoured but still he contracted with McGraw to acquire the antique rocking chair.

Overall the option C is the correct option with which the case scenario relates.

3 0
2 years ago
In this budget, how much money is going toward optional
g100num [7]

Answer:

75

Explanation:

4 0
3 years ago
Purchase, intent, and frequency-of-purchase criteria are a part of _____ used in posttesting of broadcast commercials.
Svetllana [295]
They are part of Persuasive measures <span>used in posttesting of broadcast commercials.
Persuasive measures refers to the factors that is used to influence some people in doing a desired actions. Broadcast commercials use this in order to give a certain motive for potential customers to choose their products over other competitors'</span>
4 0
3 years ago
What are the four broad characteristics used to classify retail​ stores?
Mnenie [13.5K]
<span>The four characteristics used to classify retail stores are: the type of merchandise sold; the variety and assortment of merchandise sold; the level of customer service; the price of the merchandise. For example, we know that Whole Foods and Aldi are both grocery stores. However, Whole Foods provides different types of merchandise and provides a different level of customer service, as they focus on organic and healthy foods and their employees bag groceries. Aldi, on the other hand, focuses on cheaper foods without much heed to organic or health materials, and they do not bag groceries.</span>
6 0
2 years ago
When journalizing a transaction, a short explanation is written?
Softa [21]
Here is the answer. When journalizing a transaction, and a short explanation is written, this is called a MEMORANDUM. This is <span>a form on which a brief message is written describing a transaction. Hope this answers your question. Have a great day!</span>
5 0
2 years ago
Other questions:
  • The most preferred technique for determining how much life insurance coverage is needed for an individual is:
    13·1 answer
  • Suppose you were borrowing money to buy a car. Consider the following situations. Situation​ 1: Suppose the interest rate on you
    12·1 answer
  • What is a motive?
    7·2 answers
  • An upscale restaurant offers a special fixe prix menu in which, for a fixed dinner cost, a diner can select from four appetizers
    15·1 answer
  • What's the present value, when interest rates are 8.0 percent, of a $160 payment made every year forever? (Round your answer to
    5·1 answer
  • Which of the following tips can help you avoid electrical
    7·1 answer
  • Please help me Im stuck on this
    14·1 answer
  • The story of Clarence Saunders is both inspirational and a cautionary tale. What did he do
    13·1 answer
  • The modern economy has produced jobs that no longer rely on brute strength, but on social intelligence, open communication, and
    6·1 answer
  • the purpose of tracing a sample of inventory tags to a client's computerized listing of inventory items is to determine whether
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!