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
telo118 [61]
3 years ago
5

A laser surgical tool has a cost basis of $100,000 and a five-year depreciable life. The estimated SV of the laser is $20,000 at

the end of five years. Determine the annual depreciation amounts using the SL method.
Business
1 answer:
VARVARA [1.3K]3 years ago
4 0

Answer:

The annual depreciation under SL is $16000 per year.

Explanation:

The depreciation expense under Straight Line (SL) method remains constant throughout an asset's useful life. The depreciation under straight line method is calculated by calculating the value of the asset that is eligible for depreciation, which is its cost less the salvage value (SV) and dividing it by the asset's useful life.

The straight line depreciation per year = (Cost - SV) / estimated useful life

Annual depreciation under SL = (100000 - 20000) / 5   = $16000 per year

You might be interested in
Types of Control Systems Controlling is one of the basic functions of management. It is critical to an organization's effectiven
Annette [7]

Answer: Option D

Explanation: In simple words, controlling refers to the function of management in which manager sets the standards of performance, compares the performance with the standards and take corrective actions in case of any discrepancy.

Controlling helps the organisation to achieve its goals by making the employees working towards the same goal determined in the planning stage. Controlling sets the standards of performance for the employees which works as a guide in their job.

Hence the correct option is D.

5 0
2 years ago
Required: Prepare journal entries to record the December transactions in the General Journal Tab in the excel template file "Acc
PtichkaEL [24]

Answer:

journal entries to record the December transactions

1-Dec

Cash $10500 (debit)

Common Stock $10500 (credit)

1-Dec

Rent Expense $950 (debit)

Cash $950 (credit)

1-Dec

Prepaid Insurance $600 (debit)

Cash $600 (credit)

1-Dec

Equipment $3600 (debit)

Cash $3600 (credit)

5-Dec

Supplies Expense $300 (debit)

Accounts Payable $300 (credit)

15-Dec

Cash $7200 (debit)

Service Revenue $7200 (credit)

16-Dec

Accounts Receivable $5200 (debit)

Service Revenue $5200 (credit)

21-Dec

Cash $2400 (debit)

Accounts Receivable $2400 (credit)

23-Dec

Accounts Payable $170 (debit)

Cash $170 (credit)

28-Dec

Wages Expense $4480 (debit)

Cash $4480 (credit)

30-Dec

Dividends $200 (debit)

Cash $200 (credit)

Explanation:

The General Journal consists of Entries of Expenses, Capital Expenditures and Receipts and Payments in Cash.

8 0
2 years ago
San Francisco Corporation uses two materials in the production of its product. The materials, X and Y, have the following standa
levacccp [35]

Answer:

(1) Material usage variance for X: 1,500 (Favorable)

(2) Material usage variance for Y: -19,500 (Adverse)

Explanation:

Material usage variance for X:

Standard Mix for actual Yield:

= (Standard mix of material X ÷ Yield) × Yield actual mix

= (3,500 ÷ 4,000) × 36,000

=  31,500

Material Usage Variance:

= (Standard Mix for actual Yield- Actual Mix) × Standard unit price

= (31,500-30,000) × $1

= 1,500 (Favorable)

Material usage variance for Y:

Standard Mix for actual Yield:

= (Standard mix of material Y ÷ Yield) × Yield actual mix

= (1,500 ÷ 4,000) × 36,000

=  13,500

Material Usage Variance:

= (Standard Mix for actual Yield- Actual Mix) × Standard unit price

= (13,500 - 20,000) × $3

= -19,500 (Adverse)

Total = (19,500) + 1,500

        = (18,000) [Adverse]

4 0
3 years ago
A prokaryotic cell wall that has primarily peptidoglycan with small amounts of teichoic acid and lipoteichoic acid is:________-
k0ka [10]

A prokaryotic cell wall that has primarily peptidoglycan with small amounts of teichoic acid and lipoteichoic acid is: gram positive.

<h3>What is a prokaryotic cell wall?</h3>

The prokaryotic cells are known to have strong cell walls. These are known to be located under a particular capsule. The function is to help in the maintenance of shape and also help in the protections of the interior parts of the cells.

Hence we can say that: A prokaryotic cell wall that has primarily peptidoglycan with small amounts of teichoic acid and lipoteichoic acid is: gram positive.

Read more on prokaryotic cell wall here: brainly.com/question/14771066

#SPJ1

4 0
1 year ago
Different loan rates. Winthrop Enterprises is a holding company​ (a firm that owns all or most of some other​ companies' outstan
katovenus [111]

Answer:

7.52689%

Explanation:

Ervin Company:To break even with an 93% success rate, Ervin will need to recoup

$1/0.93=$1.0752689.

Hence:

Winthrop should charge a return greater than ($1.0752689/$1.00) -1

=($1.0752689)-1

=0.0752689×100

=7.52689%

Therefore th eloan rate Winthrop Enterprises should charge Ervin Company for​ loans will be 7.52689%

5 0
2 years ago
Other questions:
  • Everyone likes to have Lydia working on their committees because she seems to have the unique ability to consider a variety of o
    14·1 answer
  • Complete the statement by filling in the correct terms.
    6·2 answers
  • Looking at four pillars of a healthy relationship (trust, respect, support and communication), how would you as a health care le
    9·1 answer
  • The government uses indexing to revise tax brackets so that workers do not pay higher taxes just because
    8·1 answer
  • In what kind of estate does ownership revert to the grantor of the estate if usage fails to conform to a stated condition in the
    7·1 answer
  • A single server model with infinite calling population, first-come, first-served queue discipline, Poisson arrival rate and expo
    10·1 answer
  • See the production possibility tables for Marketopia and Econlandia below. Marketopia Econlandia Cookies Pies Cookies Pies 0 18
    8·1 answer
  • Harry created a mask-manufacturing corporation by contributing $1,000. He stayed as the sole shareholder and director of the cor
    8·1 answer
  • You will have $____ in six years if you set aside $5,000 at 8%. (use the future value tables from chapter 5.)
    5·1 answer
  • The difference between the price charged for a product and the cost to manufacture it is referred to as the?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!