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
solniwko [45]
2 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]2 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

You might be interested in
The government has the ability to influence the level of output in the short run using monetary and fiscal policy. There is some
zubka84 [21]

The government has the capacity to influence the level of output in the short run by utilizing monetary and fiscal policy. There exists some disagreement as to whether the government should endeavor to stabilize the economy. The given statement is true.

<h3>What is the monetary and fiscal policy?</h3>

Monetary policy exists as a set of actions to control a nation's general money supply and achieve economic growth. Monetary policy strategies contain revising interest rates and changing bank reserve conditions. Monetary policy exists commonly categorized as either expansionary or contractionary.

In economics and political science, the fiscal policy exists as the use of government revenue assemblage and expenditure to control a country's economy. Fiscal policy exists the use of government spending and taxation to influence the economy. Governments typically employ fiscal policy to promote strong and sustainable growth and decrease poverty.

To create an economy more stable, active stabilization policy instruments that mitigate the effect of pessimism and optimism waves stand advocated. The waves of pessimism among consumers and businesses show the fall in aggregate demand. This fall in aggregate demand can be partly or fully offset by raising the money supply because the increase in money supply boosts aggregate demand.

The government has the capacity to influence the level of output in the short run by utilizing monetary and fiscal policy. There exists some disagreement as to whether the government should endeavor to stabilize the economy.

To learn more about monetary and fiscal policy refer to:

brainly.com/question/14088906

#SPJ4

7 0
2 years ago
Yarin's gross pay for the year was $3,500. The federal income tax withholding from his pay was 9% of his gross pay. Yarin determ
kakasveta [241]

Answer:

$200

Explanation:

5 0
3 years ago
What is inflation?
timurjin [86]
I think it’s A sorry if wrong
6 0
3 years ago
Alpaca Yarn employs factory workers to hand spin wool yarn and fabric in a workshop on the company farm. Which economic question
zimovet [89]
The answer to the statement above is what to produce? and how to produce?. basically having the statement that Alpaca Yarn employs factory workers to hand spin wool yarn and fabric in a workshop on the company farm lacks the question as to what product would the make with the yarn and fabric and the volume that they'll be making.
8 0
2 years ago
Read 2 more answers
A person who is on property with the consent of the landowner and who brings an economic benefit to the landowner, such as a tic
timama [110]

Answer:

A business invitee

Explanation:

A business invitee is any person or group of people who enters another person's commercial property to do business.  A business invitee's purpose is to engage in a commercial transaction with property or landowner. The landowner is liable to any injuries or harm suffered by a business invitee due to dangerous conditions on the property.

Commercial property or premises refers to land or building designated for business transactions such as a retail store or a restaurant. In law, customers are business invitees. The assumption is that customers enter commercial premises to do business with the business owner.

7 0
2 years ago
Other questions:
  • Consider an economy with 500 people in the labor force. At the beginning of every month, 5 people lose their jobs and remain une
    6·2 answers
  • Which of the following characteristics distinguish a multinational corporation? a. Top management is expected to take a global p
    14·1 answer
  • If returns of​ S&amp;P 500 stocks are normally​ distributed, what range of returns would you expect to see​ 95% of the​ time? Ba
    9·1 answer
  • What is considered a liability in finance and why is it being used?
    10·2 answers
  • Atlantis Corporation has​ 12,000 shares of​ 14%, $78 par noncumulative preferred stock outstanding and​ 29,000 shares of​ no-par
    15·1 answer
  • Wall-E makes 2 products, frames and hangers. Frames have a contribution margin per unit of $6.00 and hanger has a contribution m
    10·1 answer
  • Suppose ​$50 comma 000 is deposited at a bank. The required reserve ratio is 20 ​percent, and the bank chooses not to hold any e
    5·1 answer
  • In Mexico each unit of resource can produce either one professional computer or 3 computer games. Mexico has 30 units of this re
    6·1 answer
  • Each of the following are advantages of bonds except: multiple choice bonds do not affect owner control bonds require payment of
    8·1 answer
  • There are 3 servers in the checkout area. The interarrival time of customers is 2 minutes. The processing time is 5 minutes. The
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!