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
almond37 [142]
2 years ago
6

On January​ 2, 2019, Kaiman Corporation acquired equipment for​ $700,000. The estimated life of the equipment is 5 years or​ 80,

000 hours. The estimated residual value is​ $20,000. What is the balance in Accumulated Depreciation on December​ 31, 2020, if Kaiman Corporation uses the straightminusline method of​ depreciation?
Business
1 answer:
disa [49]2 years ago
8 0

Answer:

$272,000

Explanation:

Accumulated depreciation is the sum of depreciation expense.

Depreciation is a method of expensing the cost of an asset.

Depreciation expense using the straight line depreciation method = (Cost of asset - Salvage value) / useful life

($700,000 - $20,000) / 5 = $136,000

The straight line depreciation method Deprecation allocates the same deprecation expense each year of the useful life of an asset.

The depreciation expense in 2019 and 2020 would be $136,000 x 2 = $272,000

I hope my answer helps you

You might be interested in
6. Respond to the following prompts about the goals and effects of government spending on the
zysi [14]

Any type of government-funded program, such as health care, social assistance, unemployment benefits, payments to banks, and national military, can have an impact on government spending.

What is government?

The term "Government" is legal authority or system which is controlled by office, public sector, country and state.

The government's main objectives are to increase the macroeconomic supply side, which includes spending on things like education, health care, and training to increase labor productivity as well as providing subsidies to help people financially.

Government spending has a negative impact on the economy because it drives inflation by raising living expenses through subsidies. Demand is artificially raised by government subsidies.

As a result, factors including health, social services, unemployment benefits, etc. may have an impact on government spending.

Learn more about on government, here:

brainly.com/question/10785628

#SPJ1

6 0
1 year ago
Hello, please help me with this paper, I understand it's long and requires a lot of work, but all the help is appreciated! Thank
arsen [322]

Answer:

use prezi

Explanation:

8 0
2 years ago
Stores are overflowing with the latest vampire novel at $10. Store managers are frustrated with the lack of sales. The equilibri
Ket [755]
Though I have no experience in business, I would say it is True.
3 0
3 years ago
CPA Inc. is a publicly traded company. The stockholders of this company delegate the authority to make decisions for the company
lapo4ka [179]

Answer:

The appropriate approach is "Principal-agent problems".

Explanation:

  • A contradiction of objectives or priority between someone individual or organization as well as the authorized accompanying documents to operate over its behalf is considered as Principal-agent problem.
  • The possession of a commodity or fundamental assigns immediate supervision of that resource to some other agency may transpire in whatsoever circumstance.
4 0
2 years ago
Magnira corp., a manufacturer of hygiene and personal care products, launches a new toothpaste "tidy" that is more effective in
Ivenika [448]
The advertisement of the new toothpaste "tidy" that provides highly valid research information is an example of scientific execution style. It is a type of marketing style that uses research or scientific<span> evidence to give a brand superiority over competitors. The consumer gets scientific information about the product.</span>
5 0
3 years ago
Other questions:
  • Bonita Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item N
    15·1 answer
  • When Ronaldo bought his new flat-screen television, he was surprised at the cost differences between some of the models. When he
    6·1 answer
  • Eric Company has the following information:
    13·1 answer
  • URGENT PLEASE ANSWER FAST??!!how can a person who reports corruption be protected?
    13·1 answer
  • On February IN , Marshak's investment account has a balance Of $19,800. He deposited ,200 on April I and $2,600 on May l . He wi
    10·1 answer
  • The average American’s real income today is about four times what it was in _________.
    7·1 answer
  • The decision to increase wages had a high probability of effect on Walmart’s success, illustrated by Multiple Choice pilot tests
    11·1 answer
  • The European Union and the United States are trading partners. (a) If the current account balance is zero, will an increase in U
    12·1 answer
  • Supervisors can more easily manage employees' motivation than they can their ability or the environment.
    5·1 answer
  • Beneficiary-facing content that includes generic or plan-specific product or benefit information must be submitted for review an
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!