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
Sonbull [250]
3 years ago
14

Cominsky Company purchased a machine on July 1, 2021, for $28,000. Cominsky paid $200 in title fees and county property tax of $

125 on the machine. In addition, Cominsky paid $500 shipping charges for delivery, and $475 was paid to a local contractor to build and wire a platform for the machine on the plant floor. The machine has an estimated useful life of 6 years with a salvage value of $3,000.
Determine the depreciation base of Cominsky’s new machine. Cominsky uses straight-line depreciation.
Business
1 answer:
sammy [17]3 years ago
5 0

Answer:

Deprecation base=$26,300

Explanation:

Given Data:

Cost of machine=$28,000

Tax=$125

Fees=$200

Shipping charges=$500

Paid to contractor to build and wire a platform for the machine=$475

Salvage value=$3000

Useful life = 6 years

Required:

Depreciation base of Cominsky's new machine=?

Solution:

Deprecation base=Acquisition Cost-Salvage Value

Acquisition Cost:

It is the cost which involves the buying of asset and making the asset to work. In our case:

Acquisition Cost=Cost of machine+Tax+Fees+Shipping charges+Paid to contractor to build and wire a platform for the machine

Acquisition Cost=$28,000+$125+$200+$500+$475

Acquisition Cost=$29300

Deprecation base=Acquisition Cost-Salvage Value

Deprecation base=$29300-$3000

Deprecation base=$26,300

You might be interested in
How do consumers benefit from accumulating airline miles?
agasfer [191]

Answer:

I think is b.

Explanation:

or d but double check just from background i eliminate a and c

4 0
2 years ago
[30 PTS + BRAINLIEST]
saw5 [17]

Answer:

C

Explanation:

A farmer would want to look at the economic status of the US because his goal is to sell as much wheat as possible and make the most profit. If he pays no attention to the economy and there's a recession but he still sells his wheat at the normal price, people whose stocks are going down and who are losing money will be unable to, and unwilling to, pay the price. Thus, the farmer must inspect the changing economic statuses of the US to determine the best and most effective way to market out his wheat to the public.

Changes in US racial patterns have no impact on the marketing of the farmer's wheat, so A is incorrect.

The number of births per year is also irrelevant, as is the general population growth numbers because these do not affect the way the farmer will market his crops, so B and D are incorrect.

Hope this helps!

3 0
3 years ago
Read 2 more answers
For the underwriting of a municipal bond issue, competitive bids are submitted by underwriters as A) a best efforts underwriting
makkiz [27]
B a standby underwriting commitment.
3 0
2 years ago
The accompanying list describes the responses of four individuals to a bureau of labor statistics (bls) survey of employment. 1.
kramer
Frictional unemployment is the unemployment that fallouts from period consumed between jobs when an employee is looking for, or moving from one occupation to another. It is otherwise known as search unemployment and can be grounded on the conditions of the individual. So the answer is letter a, Mollie is the frictionally unemployed since she is looking for a job for 3 months already. She is searching and waiting for a job.
7 0
3 years ago
An office building is which type of resource?
MakcuM [25]
It would be an informative resource
4 0
3 years ago
Read 2 more answers
Other questions:
  • The human resource department (HR) of Asterix, a large organization, recommends setting up fitness centers and conducting career
    15·1 answer
  • A survey of 1000 executives ranked _____________ at the top, as the ideal manager's skill.
    11·1 answer
  • Creative Sound Systems sold investments, land, and its own common stock for $38 million, $15.8 million, and $41.6 million, respe
    8·1 answer
  • A partnership agreement provides that, at sale, cash proceeds are distributed first to Ms. Jones in an amount equal to her origi
    15·1 answer
  • For you, a job where things are not predictable is better than a job where they are predictable
    13·1 answer
  • A telecommunications company is impacted by government regulations of the wireless spectrum, cell tower locations, and internet
    13·1 answer
  • Describe the steps involved in closing the books. What’s is the most important output of the accounting cycle? What would happen
    8·1 answer
  • Suppose the stock of Host Hotels​ & Resorts is currently trading for per share. a. If Host issued a stock​ dividend, what wo
    8·1 answer
  • Which of these best describes the relationship
    13·1 answer
  • Tardis Intertemporal(TI) has 16,800,000 shares issued and outstanding and is trading at $83.20 per share. The company issues 2,4
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!