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
AleksAgata [21]
3 years ago
12

On January 2, Dice Co. purchases a mixing machine for $25,500. The machine is expected to last four years and has a salvage valu

e of $5,500.
Assuming the company uses the straight-line method, depreciation expense should be $____ per year.
Business
1 answer:
Leviafan [203]3 years ago
8 0

Answer:

The answer is $5,000

Explanation:

The formula for depreciation using the straight-line method is:

(Cost of asset - residual(salvage value) ÷ useful life.

Cost of the asset is $25,500

Salvage value is $5,500

Useful live of the asset is 4 years

($25,500 - $5,500) ÷ 4

$20,000 ÷ 4

= $5,000

Therefore, depreciation expense for the year is $5,000

You might be interested in
Suppose two economists are debating a tax reform bill. Both economists agree that the bill would increase the after-tax income o
valentina_108 [34]

Answer:

d) Differences in values.

4 0
2 years ago
Beneficiary is one who unintentionally gains a benefit from a contract between other parties
son4ous [18]
The answer is "incidental beneficiary".

An incidental beneficiary refers to somebody who indirectly acquires an advantage as the aftereffect of the fundamental reason for the trust. An incidental beneficiary is a recipient who isn't a planned recipient. For instance, a grandchild may profit by his/her parent accepting a blessing which could be utilized by the whole family, or which he/she may acquire from the parent. 
6 0
2 years ago
Carin, a widow, elected to receive the proceeds of a $150,000 life insurance policy on the life of her deceased husband in 10 in
Viktor [21]

Answer:

The correct answer to the following question is option B) $2500 .

Explanation:

Given information -

Proceeds to be received on life insurance - $150,000

Carin receives 10 installments of $17,500 each , which takes total amount to - $175,000

Premiums paid by Carins husband - $60,000

Carin collected - $17,500 from insurance company

The interest element that would be included in her gross income -

$175,000 - $150,000

= $25,000

She is receiving payments in form of annuity, and the amount that should be included in her gross income in the first year should -

$25,000 / $175,000  x  $17,500

= $2500

8 0
3 years ago
Which of the following is true about investors who buy preferred stock?
raketka [301]
I think the correct answer is A. Investors who buy preferred stock receive dividends after the common stock shareholders. Preferred stock is a stock type that gives right to the owner a fixed share of the company's profit or fixed dividend.
7 0
3 years ago
Read 2 more answers
Q 3.35: paulson oil account balances at january 31st include: cash $70,000, accounts receivable $100,000, common stock $120,000
AleksAgata [21]
Cash Balance at the beginning of February:
70,000
Collected $25,000 of AR:
+25,000
Paid 10,000 owed
-10,000
Cash Balance at the end of February:
70,000 + 25,000 - 10,000 = 85,000 
7 0
3 years ago
Other questions:
  • Metals and energy currency futures contracts are actively traded on Group of answer choices propane. gold. All of the options ar
    13·1 answer
  • One significant component of ____ can be the investment a seller makes in equipment or in the hiring of skilled employees to sup
    9·1 answer
  • ____________________________ will often cause monetary policy to be considered counterproductive because it makes it hard for th
    12·1 answer
  • Farmer Brian has 3 acres of land which he farms efficiently. Each acre can support 10 apple trees. However the 3 acres differ in
    7·1 answer
  • The company cost of capital, when the firm has both debt and equity financing, is called the:
    11·1 answer
  • Tim’s credit card has an APR of 24 percent. What is the periodic rate for this credit card?
    10·1 answer
  • Explain why market power leads to deadweight loss. Firms with market power create deadweight loss because they A. charge a price
    14·1 answer
  • Some people contend that any ____ worldview will eventually fail because it wrongly assumes we now have or can gain enough knowl
    5·1 answer
  • The Category Profile that involves evaluating the major forces and trends that are impacting an industry: including pricing, com
    12·1 answer
  • Which list includes the most important factors to consider when opening a savings account?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!