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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

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All professional athletes earn a lot of money. wes plays professional football so he makes a lot of money. what type of reasonin
Andru [333]

I believe the answer is: inductive reasoning

In inductive reasoning, the  premises would be viewed as some sort of supply of evidence for the general conclusion. In the example above,

"all professional athletes earn a lot of money"  is the premise that is used as some sort of evidence for " wes makes a lot of money", which is the speaker's conclusion.


4 0
3 years ago
Read 2 more answers
What is a question that should be asked about accounts payable when forecasting?
charle [14.2K]

Answer:

In forecasting accounts payable, one of the relevant questions is:

What is the cash conversion cycle?

Explanation:

The variables used in computing the cash conversion cycle include accounts receivable days, inventory turnover days, and accounts payable days.  Specifically, cash conversion cycle (CCC) is the period in days that it takes the firm to convert cash into inventory, then into sales, and finally back into cash.  To gain a good understanding of accounts payable, one should always consider the major inclusive metric.

3 0
3 years ago
Why an investor might choose to have less than 20% holding in a company if they could have more?
gtnhenbr [62]
<span>The simple answer here is you never want to over commit any part of your portfolio. Every single successful investor has a wide variety of investment holdings. This is known as diversification. If you place all of your "eggs in one basket," so to speak, if that investment were to play against you, your losses may be much higher than anticipated or often irrecoverable. With a diverse portfolio, when one small portion of your investment strategy fails, you can count on other, more successful aspect to make up the difference.</span>
3 0
3 years ago
Assume that we are in the MM world. Health and Wealth Company is financed entirely by common stock that is priced to offer a 12
Levart [38]

Answer:

13%

Explanation:

the new cost of equity = old cost of equity + [(debt / equity) x (old cost of equity - cost of debt)]

the new cost of equity = 12%+ [(20 / 80) x (12% - 8%)] = 12% + 1% = 13%

Since we are in the MM world, taxes do not exist, therefore they are not included in the equation.

7 0
3 years ago
Ferdinand’s employer will match 50% of his $250 monthly contributions to his 401(k). This means that Ferdinand’s employer will p
irina [24]

Answer and Explanation:

The computation of the given question is shown below:-

Total Contributions = Monthly contribution + Amount invested in Ferdinand’s 401(k)

= $250 + $125

= $375  

1. Future Value = PMT [((1 + r)n - 1) ÷ r

Future value = 375 × ((1 + 0.03 ÷ 12) × 12 × 40 - 1) ÷ (0.03 ÷ 12)

= $347,272

2. Ferdinand deposit = Given Amount × Total number of months in a year × Number of years

= $250 × 12 Months × 40 Years

= $120,000

3. The Amount put in by the employer = 50% of $250 ×Total number of months in a year × Number of years

= $125 × 12 Months × 40 Years

= $60,000

4. Interest = Future value - Ferdinand deposit - The Amount put in by the employer

= $347,272 - $120,000 - $60,000

= $167,272

We simply applied the above formulas

4 0
3 years ago
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