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Artyom0805 [142]
3 years ago
7

On October 1, 2022, Sheridan Company places a new asset into service. The cost of the asset is $81000 with an estimated 5-year l

ife and $21000 salvage value at the end of its useful life. What is the depreciation expense for 2022 if Sheridan Company uses the straight-line method of depreciation
Business
1 answer:
Ahat [919]3 years ago
8 0

Answer:

the depreciation expense for 2022 is $3,000

Explanation:

Straight line method of depreciation charges a fixed amount of depreciation over the period of use of an asset.

Depreciation Expense = (Cost - Residual Value) / Number of useful life

                                      =  ($81000 - $21000) / 5

                                      =  $12,000

The Annual depreciation charge for this machine will be $12,000 for each of the years that it is used in the business.

However since it was paced in use during the year that is 1 October, we have to apportion the Annual charge withe number of months that its has been in use during 2022.

It has been used for 3 months thus depreciation charge is :

Depreciation = 3/ 12 × $12,000

                      = $3,000

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Marizza181 [45]

Answer:

have inferior production capabilities (such as a low value of A in the production function) and not enforce property rights (so that investments in the poor countries might be expropriated by the governments there).

Explanation:

According to our discussion in class, two reasons why capital may not flow to poor countries are that the poorer countries may: have inferior production capabilities (such as a low value of A in the production function) and not enforce property rights (so that investments in the poor countries might be expropriated by the governments there).

Poor countries have lower levels of capital per worker and this explains, in part, the reason for their poverty. Although the expected return on investment might be high in many developing countries, it does not flow there because of the high level of uncertainty associated with those expected returns. and lack of enforcement of property rights

4 0
3 years ago
. Which of the following is not a way business markets and consumer markets differ?
Nataliya [291]

<em>The nature of the buying unit is not a way business markets and consumer markets differ</em>

<u>Answer:</u><u><em> </em></u><em>the nature of the buying unit</em>

<u>Explanation:</u>

Consumer market is basically a market that is Business to Consumer whereas a business market is mainly B2B market.

Most business marketers commit only a small part of their promotional budgets to advertising, and that is usually through direct mail efforts and trade journals It can be seen that it is due to the market structure and demand. the nature of the buying unit is not a way to differentiate.

6 0
3 years ago
The appropriate section in the statement of cash flows for reporting the receipt of cash dividends from investments in securitie
laila [671]

Answer:

Operating activities

Explanation:

In the case when there is a receipts of the cash dividend from the investment securities held so the same would be shown in the operating activities section of the cash flow statement as the cash inflow as the cash is coming also it would be shown in the positive amount

Therefore the first option is correct

4 0
2 years ago
Banks pay interest to customers through a
nexus9112 [7]

Answer:

mortgage account

For me:

I like that among us account perfect

3 0
2 years ago
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The R&amp;D department at Parabola Inc. is developing innovative methods to develop products that would reduce resource wastage.
mihalych1998 [28]

Answer:

b) Lateral Thinking

Explanation:

Lateral thinking is the approach where creative and innovative ways are thought out. In this approach, problem solvers deliberately distance themselves from generic and classic approaches and thus try to come up with brand new ideas and not follow typical thinking patterns.

All the other options can be used to find solutions but they may not necessarily take this innovative approach.  

Hope that helps.

6 0
3 years ago
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