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mrs_skeptik [129]
2 years ago
14

Company purchased equipment on January​ 1, 2017 for $ 600 comma 000. The residual value is $ 60 comma 000 and the estimated usef

ul life is 10 years. What is the Depreciation Expense for the year ending December​ 31, 2017, if the company uses the​ straight-line method?
Business
1 answer:
ale4655 [162]2 years ago
3 0

Answer:

$54,000

Explanation:

For computation of Depreciation Expense for the year ending 31 Dec first we need to compute the depreciation under straight line method for the year which is shown below:-

Depreciation under straight line method for the year = (Cost - Residual value) ÷ Estimated useful life

= ($600,000 - $60,000) ÷ 10

= $540,000 ÷ 10

= $54,000

Depreciation expenses = (Depreciation under straight line method for the year ÷ 12) × From Jan 1 to Dec 31

= ($54,000 ÷ 12) × 12

= $4,500 × 12

= $54,000

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garri49 [273]

Answer:

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2 years ago
In the Keynesian model, a $1 billion increase in autonomous consumption leads to ______ in equilibrium output.
egoroff_w [7]

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Consider the case of BTR Co.: BTR Co. has 9% annual coupon bonds that are callable and have 18 years left until maturity. The bo
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Answer:

Yield to maturity is 7.93%

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Explanation:

I calculated both the yield to maturity and yield to call using the rate formula in excel which is =rate(nper,pmt,pv,-fv)

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Find attached detailed calculation

Download xlsx
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