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
Ludmilka [50]
3 years ago
15

Mather Company purchased equipment on January 1, 2018 at a total invoice cost of $336,000; additional costs of $6,000 for freigh

t and $30,000 for installation were incurred. The equipment has an estimated salvage value of $12,000 and an estimated useful life of five years. The amount of accumulated depreciation at December 31, 2019 if the straight-line method of depreciation is used is
Business
1 answer:
mestny [16]3 years ago
7 0

Answer:

$144,000

Explanation:

The computation of accumulated depreciation is shown below:-

Total cost = Invoice cost + Freight + Installation

= $336,000 + $6,000 + $30,000

= $372,000

Depreciation as per SLM = (Total Cost - Salvage Value) ÷ Estimated useful life

= (372,000 - 12,000) ÷ 5

= $72,000

The amount of accumulated depreciation (after 2 years) = Depreciation as per SLM × Years

= 72,000 × 2

= $144,000

So, for computing the accumulated depreciation we simply applied the above formula.

You might be interested in
8. What includes retail sales, housing starts, and truck and<br><br> auto sales
GREYUIT [131]

Answer:

monthly data series in a GDP

Explanation:

A GDP is defined as the actual domestically manufactured or produced products or the services provided in a financial year which describes or estimates the financial status or economic status of a country. GDP stands for Gross domestic product.

By analyzing the monthly data series of goods or services produced one can predict the real GDP of a country to be. One can use the monthly observations of the employment, unit auto as well as truck sales, sousing starts, retail sales, trade, automobile inventories, manufacturing, shipment of machinery and equipment, index of the industrial production, etc. to predict the GDP growth or get an idea of the GDP figures that are going to show the robust growth of the economy.

7 0
3 years ago
How do u know charmed life caitlin's lucky charm is fiction?
Diano4ka-milaya [45]
I don't know that book, but you know something is fiction when it's something that simply can not happen in real life, also if it's based on a character, like Sammy took a bath when he finished playing soccer, unlike dolphins are mammals, which is nonfiction. Hope this helps! Please rate brainiest answer!
7 0
3 years ago
A bank has $8,000 in deposits and $6,000 in loans. It has loaned out all it can given the reserve requirement. It follows that t
Wittaler [7]

Answer:

c. 25 percent.

Explanation:

The computation of the reserve requirement percentage is shown below:

Given that

Deposits made = $8,000

Loans = $6,000

So the required reserve is

= deposits made - loans

= $8,000 - $6,000

= $2,000

Now the required reserve is

= $2,000 ÷ $8,000

= 25%

Hence, the correct option is c. 25 percent

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

7 0
3 years ago
On January 1, Gucci Brothers Inc. started the year with a $690,000 balance in Retained Earnings and a $597,000 balance in common
Yuri [45]

Answer:

$1,388,200

Explanation:

The total stock holders equity as at the end of the year shall be determined as follows:

                                 Common stock   Retained Earnings      Total

Balance of Jan 1       $597,000           $690,000                $1,287,000

Net income for year                             $96,000                  $96,000

Dividend paid                                       ($14,800)                  ($14,800)

Common stock         $20,000                                               $20,000

Balance at year end  $617,000           $771,200                  $1,388,200

7 0
3 years ago
Read 2 more answers
The management accountant at Technology Innovators determined $500,000 is the organization's earning goal to accommodate the org
Margaret [11]

Question:

Which of the following management responsibilities is the managerial accountant using in this example?

Answer:

Planning, which includes setting goals and objectives for the organization as well as determining how to accomplish those goals.

3 0
3 years ago
Other questions:
  • Simone started the meeting at BCD Co. by focusing the attendees on the company's current status. "We have a good product mix," s
    11·1 answer
  • Tiptoe Shoes had annual revenues of $190,000, expenses of $106,200, and dividends of $20,000 during the current year. The retain
    10·2 answers
  • g "9. (a) Explain how financial ratio analysis of a firm’s projected cash flow budget could be efficiently used by its managers
    13·1 answer
  • A development planning system primarily focuses on developing knowledge sharing networks to help trainers and managers reach emp
    15·1 answer
  • Rise Against Corporation is comparing two different capital structures: an all equity plan (Plan A) and a levered plan (Plan B).
    15·1 answer
  • Sage Company borrowed $3,000,000 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the
    11·1 answer
  • Suppose that in Milford, Connecticut, owners of used cars that are lemons value their cars at $2,500, and owners of used cars th
    11·1 answer
  • Value-added" describes the economic enhancement a company gives its products or services and helps explain why companies are abl
    9·1 answer
  • Customer value can be defined as Multiple choice question. obtaining a product or service at the lowest price possible, regardle
    5·1 answer
  • How do the global and economic activities that our world faces impact marketing activities?.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!