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Novosadov [1.4K]
2 years ago
14

Gomez Company purchases a piece of equipment on Jan. 2, 2014, for $30,000. The equipment has an estimated life of eight years or

50,000 units of production and an estimated residual value of $3,000. Lester uses a calendar fiscal year. Using the straight-line method, what is the depreciation expense for 2014?
Business
1 answer:
lidiya [134]2 years ago
8 0

Answer:

Depreciation expense for 2014 = $3,375

Explanation:

Given:

Equipment cost = $30,000

Estimated life = 8 years or 50,000 units

Estimated residual value = $3,000

Find:

Depreciation expense for 2014 = ?

Computation:

Depreciation = (Equipment cost– Estimated residual value) / Estimated life

Depreciation expense for 2014 = ($30,000 - $,3000) / 8

Depreciation expense for 2014 = ($27,000) / 8

Depreciation expense for 2014 = $3,375Answer:

Depreciation expense for 2014 = $3,375

Explanation:

Given:

Equipment cost = $30,000

Estimated life = 8 years or 50,000 units

Estimated residual value = $3,000

Find:

Depreciation expense for 2014 = ?

Computation:

Depreciation = (Equipment cost– Estimated residual value) / Estimated life

Depreciation expense for 2014 = ($30,000 - $,3000) / 8

Depreciation expense for 2014 = ($27,000) / 8

Depreciation expense for 2014 = $3,375

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If isabel initiates a lawsuit against josh by filing a complaint. the sheriff serves josh with a summons. if josh chooses to ignore it: Isabel will have a judgment entered in her favor.

<h3>Dispute</h3>

Dispute occur when two or more parties in a contact agreement engages in an disagreement as a result of a business transaction  between the parties.

If the complainant which is Isabel initiated a lawsuit against josh the defendant by filing a complaint in which the  sheriff serves josh with a summons and josh refuse  to appear before the court  by ignoring this tend to mean that  Isabel will have a judgment entered in her favor before since josh chooses to ignore the summon.

Therefore if isabel initiates a lawsuit against josh by filing a complaint. the sheriff serves josh with a summons. if josh chooses to ignore it: Isabel will have a judgment entered in her favor.

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AgCo sells corn in a perfectly competitive market. Say the current market price for a bushel of corn is $4.00. If AgCo prices at
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Answer:

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