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
blondinia [14]
3 years ago
8

On January 1, 2022, the Blossom Company ledger shows Equipment $48,700 and Accumulated Depreciation $18,200. The depreciation re

sulted from using the straight-line method with a useful life of 10 years and a salvage value of $3,200. On this date, the company concludes that the equipment has a remaining useful life of only 2 years with the same salvage value. Compute the revised annual depreciation.
Business
1 answer:
Basile [38]3 years ago
7 0

Answer:$13,650

Explanation:

The net book value as at Jan 1, 2022 is $30,500 ($48700-$18200). This means it has to be written off in two years after deducting the residual value of $3200 = ($30500-$3200)/2

You might be interested in
A u.s. manufacturer that exports goods made at its u.s. plants for shipment to foreign markets:
iris [78.8K]
A U.S. producer that exports merchandise made at its U.S. plants for shipment to outside markets becomes more focused in remote markets or in foreign markets when the U.S. dollar decreases in values against the currencies or money of the other nations or countries to which it is trading.
7 0
3 years ago
A deduction is money taken out of the paycheck for
evablogger [386]
For ......................Income tax
5 0
3 years ago
​Martinville, Inc. earned revenues of $ 17,000 and incurred expenses of $ 7,000. The company declared and paid cash dividends of
vladimir1956 [14]

Answer:

$10,000

Explanation:

A company's income is either shared out as dividends or kept in as retained earnings. Therefore, the total of retained earnings and dividend paid out is the net income. This is the amount that will reflect in the income statement. In other words, income is calculated first before dividends or retained earnings are declared.

For ​Martinville, income will be calculated first before dividends are paid. Net income will be

=revenue - expenses

=$17,000 -$7,000

=$10,000

Balance in the Income Summary account was $10,000

4 0
3 years ago
A firm uses machine hours to allocate overhead cost. During the period, budgeted variable overhead is Rs. 10000 and budgeted
iVinArrow [24]

Answer:

C

Explanation:

If you do hours X units and then put it on the end of the Variable you get C. Hope this helped #brainiest

4 0
2 years ago
The internet has changed how people shop for clothes, electronics, and other goods. Because of online shopping, many retailers h
jenyasd209 [6]

Answer: B) The supply of goods like clothes will decrease.

Explanation:

All else being equal, the local retail market for clothes will see a reduction in supply for clothes. This is simply as a result of less shops offering clothes than before because some have closed down as they couldn't keep up with online retail stores.

For example, the entire supply of Jeans for the town of Jeanophia were from 5 stores with each selling 5 jeans. 3 stores have closed down due to competition from jeanyjeans.com and now only 2 stores are open which has reduced the supply from 25 jeans to 10 jeans.

8 0
3 years ago
Other questions:
  • A text only forum accessed through a bulletin board service (BBS) is known as a ____.
    11·2 answers
  • Which of the purchases is more likely to be paid for with a credit card?
    10·2 answers
  • On Jan. 2, Callie Company received a $700 payment from a customer previously billed for services performed. The journal entry to
    5·1 answer
  • The Bureau of Labor Statistics has found that the base-year expenditures of the typical consumer break down as follows:
    9·1 answer
  • Increased government debt can lead to higher interest rates​ and, as a​ result, crowding out of private investment spending. In
    10·1 answer
  • The balance of​ stockholders' equity at the beginning of the year and the end of the year was $ 60 comma 000 and $ 67 comma 000​
    8·1 answer
  • Blake was asked by his team leader to explore and evaluate the best ways to communicate with customers online. Although Blake is
    6·2 answers
  • if the residents threaten ' to resort to action' if the council does not adress the problem within 14 days time What do you thin
    12·1 answer
  • Alguien tiene un libro que me pueda compartir con relación a la temática de ¨Rendimiento y riesgo financiero¨ por favor lo ocupo
    13·1 answer
  • What part of the business plan deals with details about promotion, pricing, and distribution, as well as on how the business wil
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!