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
andrew-mc [135]
3 years ago
15

Mitchell Corporation bought equipment on January 1, 2012 .The equipment cost $120,000 and had an expected salvage value of $20,0

00. The life of the equipment was estimated to be 6 years. The depreciable cost of the equipment is
Business
1 answer:
murzikaleks [220]3 years ago
4 0

Answer:

$100,000

Explanation:

Depreciable cost refers to the portion of an asset's costs that will be spread throughout the use-life of the asset. It is the amount to depreciated over the gainful life of the asset.  

Depreciable cost is calculated by subtracting salvage value from the original cost of the asset. Salvage value is also the scrap value.

Depreciable cost = asset cost - salvage value

Depreciable cost= $120,000 - $20,000

Depreciable cost =$100,000

You might be interested in
Firm A has fixed operating costs of $100,000, variable operating costs per unit of $8 and a selling price of $20 per unit. Inter
WINSTONCH [101]

Explanation:

30th 30th weep 30th rip rip 50mil 480usd

6 0
4 years ago
Ivy orally agrees to buy a unique collection of sports memorabilia for $10,000 from Jess and sends $2,500 as an initial payment.
kow [346]

Answer:

D. specific performance.

Explanation:

Specific performance -

It is the act or the order by the court , in order to solve an any conflict for the law of contract .

This is basically used to solve any issue related to land , property or any goods or services , this practice is used in case of any personal service .

It helps the people to against any form of injustice or malpractice .

It is a form of forced action , which helps with some previous transaction , and is one of the best remedy for the problem .

6 0
3 years ago
Identify each of the following statements about linear programming problems as true or false, and then justify your answer.
nika2105 [10]

Answer and Explanation:

a. The given statement is true as the corner point at the objective function should be feasible solution which is no longer as compared with the value for every adjacent CPF solution as compared with its optimal

b. The given statement is false as the solution can be an edge

c. The given statement is true as it shows the direct relation between the two things

3 0
3 years ago
When the decisions of a company are very risky and low-level managers lack decision-making skills, the company will tend to
Masteriza [31]

Answer: centralization

Explanation:

When the decisions of a company are very risky and low-level managers lack decision-making skills, the company will tend to centralize.

Centralization is simply when an organizational activities especially those that has to do with decision making, planning, framing policies and strategies are all concentrated in a particular location group.

7 0
3 years ago
The estimated value of an asset at the end of its useful life is called all of the following except a.residual value. b.salvage
lesantik [10]

Answer:

Correct answer is letter C, book value

Explanation:

The value of an asset at the end of its useful life is called residual value, salvage value, scrap value or break-up value. While book value on the other hand is the value of an asset after we deduct the accumulated depreciation from the cost of an asset. It is sometimes referred to us the carrying value of an asset we netting the asset against its accumulated depreciation.

3 0
3 years ago
Other questions:
  • Suppose you are the owner of a small t-shirt printing business. while conducting a cost analysis of your business, you find that
    10·1 answer
  • Solutions Group managers suggest that clients consider doing a resonance test when designing advertising, because this will help
    9·1 answer
  • On December 31, Year 1, Taylor, Inc. signed a binding agreement with a bank for the refinancing of an existing note payable sche
    11·1 answer
  • Suppose that you own a house. what is the opportunity cost of living in the house
    10·1 answer
  • Kleen Company acquired patent rights on January 10 of Year 1 for $857,700. The patent has a useful life equal to its legal life
    5·1 answer
  • Suppose Community Bank offers to lend you $10,000 for one year at a nominal annual rate of 6.50%, but you must make interest pay
    6·1 answer
  • At the end of the current year, the accounts receivable account has a debit balance of $2,950,000 and sales for the year total $
    7·1 answer
  • Rockwood International needs to make risky decisions on a daily basis. Therefore, its managers are likely to
    8·1 answer
  • On January 22, Zentric Corporation issued for cash 342,000 shares of no-par common stock at $20. On February 14, Zentric issued
    15·1 answer
  • A company has a predetermined overhead rate of $14 per machine hour. job 846 uses 27.5 machine hours. overhead allocated to job
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!