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solniwko [45]
3 years ago
13

A plant asset was purchased on January 1 for $40,000 with an estimated salvage value of $8,000 at the end of its useful life. Th

e current year's Depreciation Expense is $4,000 calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $20,000. The remaining useful life of the plant asset is
a. 10 years.
b. 8 years.
c. 5 years.
d. 3 years.
Business
1 answer:
Lady_Fox [76]3 years ago
3 0

Answer:

b. 8 years.

Explanation:

We solve this with the formula for straight line depreciation:

\frac{cost - salvage }{useful \:\: life}

We plug our values and solve

\frac{40,000 - 8,000 }{useful \:\: life} = 4,000

\frac{32,000}{4,000} = useful \:\: life

useful life:  8 years

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3 0
3 years ago
Susan orders five table settings of china from bone china. each set includes a dinner plate, cup & saucer, bowl, and dessert
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6 0
3 years ago
Which Command Staff member approves the Incident Action Plan and all requests pertaining to the ordering and releasing of incide
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Answer: Incident commander

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These types of designations are usually given to the heads of relief teams acting on some disaster or natural calamity.

Hence from the above we can conclude that the right option is D.

4 0
3 years ago
Question 7. The corporate charter of Gagne Corporation allows the issuance of a maximum of 100,000 shares of common stock. Durin
ANTONII [103]

Answer:

Share Authorized = 100,000 Shares  

Share issued = 70,000

Share outstanding = 66,000 shares

Explanation:

Data provided in the question:

Number of shares Gagne Corporation allows the issuance = 100,000 shares

Number of shares Gagne sold to shareholders =  70,000

Number of shares reacquired by Gagne = 4,000

Now,

Share Authorized = Number of shares Gagne Corporation allows the issuance

= 100,000 Shares  

Share issued = Number of shares Gagne sold to shareholders

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Share outstanding = Shares issued - Number of shares reacquired

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6 0
3 years ago
After much discussion, Chad finally agrees to go to the opera with his wife. As they are finding their seats he says, sarcastica
zheka24 [161]

Answer:

e. Passive aggression

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Secondly a person which PASSIVE AGGRESSIVE BEHAVIOUR will often posses this type of trait such as Trying to play the victim when issue arise, making excuses, blaming others for their action, hiding their anger, Trying to avoid direct communication just as in the case of Chad.

Therefore based on the information given about Chad,This is an example of PASSIVE AGGRESSION conflict style.

3 0
4 years ago
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