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Svet_ta [14]
3 years ago
7

On January​ 1, 2018,​ Jordan, Inc. acquired a machine for $ 1,000,000. The estimated useful life of the asset is five years. Res

idual value at the end of five years is estimated to be $ 60,000. Calculate the depreciation expense per year using the straightminusline method.
Business
1 answer:
klemol [59]3 years ago
6 0

Answer:

Annual depreciation=$188,000

Explanation:

Giving the following information:

Purchasing price= $1,000,000

Salvage value= $60,000

Useful life= 5 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= (1,000,000 - 60,000)/5

Annual depreciation=$188,000

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If new york city imposed a 50 cent tax on soft-drink beverages that contain sugar or high-fructose corn syrup, it would decrease the demand of the soft-drink beverages.

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When 50% tax is imposed on soft-drink beverages then it will increase the price of soft drink beverages, which will decrease the demand of soft drink beverages because now the drink become costly for the customers to buy.

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Answer:

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Explanation:

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