The digital era has simplified life in every aspect—from keeping people connected, to storing data, making information available, and enhancing security of data to end-end encryption. Technology has made this all possible, and its value and reach expand with each passing day.
Answer: $46,380
Explanation:
Given that,
Item X was appraised = $38,000
Item Y was appraised = $60,000
Item Z was appraised = $65,000
Purchase price = $126,000
Sum of the value of items appraised = $38,000 + $60,000 + $65,000
= $163,000
The amount at which item Y should be recorded:
=
=
= $46,380
Answer:
$4,900
Explanation:
Cost of refrigerator = $64,000
Estimated residual value = $5,200
Useful life = 12 years
Using the straight line method,
Annual depreciation = ($64,000 - $5,200)/12
= $58,800/12
= $4,900
The difference between the cost and estimated residual value of the asset is the depreciation base of the asset over its useful life.
Answer:
Maybe the answer C. or B.