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
Yanka [14]
3 years ago
15

A building was purchased for $67,000. The asset has an expected useful life of eight years and depreciation expense each year is

$6,000 using the straight-line method. What is the residual value of the building
Business
1 answer:
allochka39001 [22]3 years ago
4 0

Answer:

The residual value of the building is $19000

Explanation:

depreciation  expense=cost-residual value/useful life

cost is $67,000

useful life is 8 years

residual  value is unknown

$6000=$67,000-x/8 years

$6000* 8 years=$67,000-x

$48,000=$67,000-x

x=$67,000-$48,000$

x=$19,0000

The residual value of the asset is $19,000

You might be interested in
Which organization was one of the five services that merged to form the current Coast Guard?
True [87]

Answer:

The modern Coast Guard was formed by a merger of the U.S. Revenue Cutter Service and the U.S. life-saving on 28 january 1915

6 0
3 years ago
What are the functions of business.
expeople1 [14]
The most likely answer is option D
4 0
2 years ago
Vnich of the following a Morales ik rom diving area
PtichkaEL [24]

Answer:

A. Distracting billboards

Explanation:

Billboards are huge advertisements placed on the roadsides.  They promote products or brands of different companies. They also advertise events and popular venues. Billboards are for commercial use and located in urban centers.  

Billboards are paid for; hence, they will be placed where there are likely to communicate to a broad audience. In rural areas, billboards are not economically viable due to the sparse distribution of people. For this reason, billboards do not pose any risks to people driving in rural areas.

Unpaved, poorly maintained roads,  Poorly lit roads at night, and  Wildlife or livestock crossing roads are characteristics or rural setting. Anyone driving in the upcountry is highly likely to encounter them.

8 0
3 years ago
Public policy toward monopolies Suppose that there is only one provider of a service in a state. Because this provider experienc
Leto [7]

Answer: d. Regulate the firm's pricing behavior.

Explanation:

One way the government can regulate monopolies is to protect the interests of the consumers who are usually the end users. The government have the market power to set prices higher than normal in a competitive market. Thjs can be achieved by Price capping or limiting price increases. As this helps Regulate the firm's pricing behavior.

3 0
3 years ago
The following totals for the month of June were taken from the payroll register of Arcon Company: Salaries expense $14,000 Socia
Eva8 [605]

Answer:

Option B is the correct answer,a credit to salaries payable for $10,350

Explanation:

First of all,the net payment of salaries of Arcon Company equal the gross salaries expenses of $14,000 minus the deductions except the federal unemployment tax of $210

Net pay=$14,000-$1,050-$2,600=$10,350

In to record the salaries,the salaries expense account would be debited with $14,000 while the social security and medical taxes payable and federal income taxes payable account are credited with $1,050 and $2,600 respectively.

The net pay of $10,350 is credited to salaries payable in expectation of actual payment

4 0
3 years ago
Other questions:
  • All of the following cost would be found on a company’s accounting records except
    11·1 answer
  • Tami Strand’s regular hourly wage rate is $10, and she receives an hourly rate of $20 for work in excess of 40 hours. During a J
    7·1 answer
  • The management of Penfold Corporation is considering the purchase of a machine that would cost $440,000, would last for 7 years,
    13·1 answer
  • Schuepfer Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 2,600 units ar
    15·1 answer
  • Johnson Company has the following overhead costs: machine setup $25,000; factory maintenance $10,000; heating and lighting $15,0
    14·1 answer
  • The percentage of earnings paid out as dividends. A measure of a company's success in earning a return for all providers of capi
    9·1 answer
  • State with brief reason whether the following statements are true, false, or uncertain:a. In the presence of heteroscedasticity
    5·1 answer
  • In 2010,Chesley Inc. acquired Corrigan Ltd. in a hostile takeover. However, the expected synergies never materialized. In 2013,
    12·1 answer
  • PLEASE HELP MEE 50 Pts
    5·1 answer
  • What type of documents do you see in the given image? The given image shows .
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!