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
Harrizon [31]
3 years ago
10

Exercise 24-3 Payback period computation; straight-line depreciation LO P1 A machine can be purchased for $140,000 and used for

five years, yielding the following net incomes. In projecting net incomes, straight-line depreciation is applied, using a five-year life and a zero salvage value. Year 1 Year 2 Year 3 Year 4 Year 5 Net income $ 9,500 $ 23,500 $ 64,000 $ 35,500 $ 94,000
Business
1 answer:
kkurt [141]3 years ago
6 0

Answer:

Year 1 Year 2 Year 3 Year 4 Year 5 Net income $ 9,500 $ 23,500 $ 64,000 $ 35,500 $ 94,000

Explanation:

look p1 a machine

You might be interested in
Which of the following is excluded from gross income? (Points : 5) Prizes Scholarships for tuition Hobby income Rental income Al
padilas [110]
Im going to say All of the above 
5 0
3 years ago
A change in Accounting Method would be necessary because of which of the following circumstances?
charle [14.2K]

Answer:

b) A decrease in ownership percentage from 25% to 15%

Explanation:

There is change in accounting method when the shareholding is 20% or more.

Under Consolidation there are two methods:

Equity method: This is used when the shareholding is 20% or more, and there is significant influence. Under this method all the assets and liabilities are accumulated in the consolidated balance sheet.

Proportional Consolidation method: This is generally used when the shareholding is merely shown as an investment, and the balances of assets and liabilities are not accumulated.

Thus, there is a change in method of accounting when the shareholding is more than 20%. This is in case b as change is from 25% to 15% and thus, it will change from equity method to proportional consolidation method.

5 0
3 years ago
Wishbone Company issued $700,000 of 9%, 10-year bonds on January 1, 2022 at face value. Interest is payable annually on January
zzz [600]

Answer:

Interest Expense $63,000

Interest Payable $63,000

Explanation:

$700,000 X 9% = $63,000 which is the annual interest expense that they will incur each year. Because it isn't paid until January 1st, it is rolled into the Interest Payable account.

4 0
3 years ago
Which of your needs are not being met by businesses and/or nonprofit organizations in your area? Are there enough people with si
mash [69]

The needs that are not being met by business are man power,funds and strategy planning.The non-profit organization are funds.Yes, If you speak to entrepreneurs or non-profit organization they would call and talk about the funds.To find out meet friends whose dad run  businesses and donate at least $10 to an non profit organization.

Explanation:

  • Business has categories, Big caps, mid caps and small caps.
  • Big cap( Organization with huge business like MC Donald.
  • Mid caps ( Organization with employees about 500)
  • Small caps ( SME small medium enterprise about 5 - 10 employees)
  • Small scale enterprises have bigger problems they are not sustained.
  • They run with employees who are not strategically smart and limited
  • To start  entrepreneurs must have land, labor,capital and organization.
  • They are having minimum of that which is the important part.
  • Non-Profit organization have categories to they known and unknown.
  • The known ones are funded with bigger organization.
  • The unknown ones are not but yet there could be differences.
  • The Non-profit organization fights,poverty, female gender for basic.
  • Necessity which is apparently still a big problems.
4 0
3 years ago
As little as _______ percent of privately owned 4es ever move from the start-up stage to the success stage.
Vinil7 [7]
<span>As little as (C) 2 percent of privately owned 4es ever move from the start-up stage to the success stage. Owning a start-up company is a tedious and challenging job. It takes a lot of responsibility towards making it a stable one and easily attack conflicts. It is a big risk, but the success of the risk will bring you to a higher level.</span>
6 0
3 years ago
Other questions:
  • Star software systems and henry orally agree for henry to write special accounting software. this software usually takes three y
    14·1 answer
  • Below is budgeted production and sales information for Flushing Company for the month of December: Product XXX Product ZZZ Estim
    7·1 answer
  • If the beginning inventory for 2017 is overstated, the effects of this error on cost of goods sold for 2017, net income for 2017
    7·1 answer
  • Creative Sound Systems sold investments, land, and its own common stock for $35 million, $14.5 million, and $39.0 million, respe
    6·1 answer
  • Which of the following statements is not true about self-awareness?
    6·1 answer
  • Stephen is purchasing 700 shares of KPT, Inc., stock at a price per share of $20.80. What is the minimum amount the Federal Rese
    14·1 answer
  • Trinkle Co., Inc. made several purchases of long-term assets in Year 1. The details of each purchase are presented here.
    8·1 answer
  • Training needs analysis
    14·1 answer
  • 3. A los factores productivos, dentro del proceso<br> de producción, también se conoce como..
    6·1 answer
  • You are 22 years old, unmarried, have no children, and a take-home pay of $2,500 per month. You depended on your parents while a
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!