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Anni [7]
4 years ago
6

Assuming the asset's salvage value is $3,700, Peavey Enterprises should recognize depreciation expense in Year 2 in the amount o

f:
Business
1 answer:
Nostrana [21]4 years ago
8 0

Answer:

$6,700

Explanation:

The computation of the depreciation expense for the year 2 using the straight line method is shown below:

Depreciation expense under Straight-line method would be

= (Purchase value of  an assets  - residual value) ÷ (estimated useful life)

= ($30,500 - $3,700) ÷ (4 years)

= $26,800 ÷ 4 years

= $6,700

In the straight-line method, the depreciation expense should be the same for the useful life

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On January 1, 2021, the Dayton Auto Parts Company acquired nine identical assembly robots for a total of $594,000 cash. The robo
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Answer:

the journal entry for the acquisition

Debit : Assembly Robots $594,000

Credit:  Cash $594,000

Explanation:

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3 years ago
Equilibrium levels of income and interest rates are ______ related in the goods and services market, and equilibrium levels of i
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Answer:

D) negativity, positively

Explanation:

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3 years ago
The management of Stanforth Corporation is investigating automating a process. Old equipment, with a current salvage value of $2
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Answer:

Simple rate of return = 17.7%

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3 0
3 years ago
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Dividend yield on common stock is calculated as
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Answer:

C. dividends per share of common stock, divided by market price per share of common stock

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4 years ago
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