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
garri49 [273]
3 years ago
13

Computer equipment was acquired at the beginning of the year at a cost of $57,000 that has an estimated residual value of $9,000

and an estimated useful life of 5 years. Determine the second-year depreciation using the straight-line method.
Business
1 answer:
ioda3 years ago
5 0

Answer:

$9,600

Explanation:

Annual Depreciation = Cost – Residual Value/Useful Life

Using the formula

Cost=$57,000

Residual value =$9,000

Useful life =5years

Hence:

$57,000 – $9,000/5

=$48,000/5

= $9,600

The second-year depreciation will therefore be $9,600

You might be interested in
The general investment strategy based on a goal of acquiring existing, seasoned, relatively low-risk properties that are at leas
marusya05 [52]

The general investment strategy based on a goal of acquiring existing, seasoned, relatively low-risk properties that are at least 80 percent leased to tenants with low credit risk, is Core strategy.

<h3 /><h3>What is a Core strategy?</h3>

The organization's strategy, goals, objectives, strategic initiatives, and execution are all connected through Core Strategy, an agile strategic management solution.

Visioning, goal-setting, resource allotment, and prioritization are the four most commonly acknowledged fundamentals of business strategy.

It communicates to your team if your focus has been on performance or results and makes it clear to potential consumers what market segment you service and what distinguishes your company strategy from the competition.

Investigate various products or services, look into demographics, and investigate your rivals.

Setting goals, assessing the external and internal environments of the firm, reviewing strategies, and ensuring that management implements the strategies across the organization are all part of strategic management.

Learn more about Core strategy, here

brainly.com/question/29360770

#SPJ1

3 0
1 year ago
Information necessary to prepare the year-end adjusting entries appears below. a. Depreciation on the machines for the year is $
lilavasa [31]

Answer:

Jaguar

Adjusting Journal Entries:

General Journal

Date Description                                     Debit       Credit

a.   Depreciation Expense-Equipment $9,900

     Accumulated Depreciation-Equipment         $9,900

To record depreciation expense for the year.

b.   Wages & Salaries Expense           $3,900

     Wages & Salaries Payable                             $,3900

To record unpaid salaries.

c.   Interest on Notes Expense         $1,380

    Interest on Notes Payable                             $1,380

To accrue interest on notes for 4 months to December 31.

d.  Insurance Expense                     $19,500

    Prepaid Insurance                                         $19,500

To accrue insurance expense for 10 months

e.  Supplies Expense                      $

    Supplies                                                        $

To record supplies expense for the year (difference between Supplies balance and Supplies remaining at the end ($4,900).

f.  Utilities Expense                        $2,150

   Utilities Payable                                           $2,150

To record utilities expense for the month.

Explanation:

Adjusting journal entries are prepared at the end of an accounting period.  They adjust the expense and revenue accounts in line with the accrual concept and the matching principle of generally accepted accounting principles.

The adjusting entries are for unpaid expenses, unreceived earned revenue, prepaid expenses, deferred revenue, and depreciation expenses, and correction of errors in posting transactions to the general ledger.

7 0
3 years ago
What is the most direct result of free trade supplying productive resources to areas where they're most needed? A. Enhanced effi
nydimaria [60]

Answer:

The correct answer to the following question will be Option A (Enhanced efficiency).

Explanation:

  • Enhanced Efficiency seems to be an innovation that decreases the probability of discharge of that same object surface. It is indeed a definitive version of an effective. The whole bonus is going to take 2 elements in such a gizmo. It could be generated in the gizmos of guns, shields, and devices.
  • It would be the most immediate consequence of direct exports providing economic assets to regions where they'll be required.

Other given choices are not related to the given scenario. So that Option A seems to be the appropriate choice.

4 0
3 years ago
Owen decides to sell his ranch, Pine Ridge, in a live auction. When the auctioneer puts the property up for bids, it will be a.
lianna [129]

Answer:

a. an invitation to submit offers, not an offer itself.

Explanation:

When a property is to be sold at an auction it involves an invitation for interested buyers to submit offers to the seller. The seller will now consider the offers and see the best one for him.

There is usually no price stated for the auction and seller goes for the highest bid.

If however if the seller says that there is no reserve price or that the reserve price was met, it can now be considered an offer in itself.

In this case Owen is offering the property at a live auction and does not state requirements for a reserve price

6 0
3 years ago
In the late nineteenth century, what helped narrow the gradations of freedom amongst white Americans? a. Indentured servitude ha
ElenaW [278]

In the late nineteenth century, Judith Sergeant Murray wrote about women’s intellect being equal- this helped narrow the gradations of freedom amongst white Americans.

Option: B

Explanation:

In the late nineteenth century there was a conflict in between white Americans about the freedom. Their fight against each other graded by the help of writer and other professionals who wrote about their strong points. Judith Sergeant Murray who was an American writer and advocate wrote about women's right.

Gender discrimination, women's right, feminism was the core area of writing in Judith Sergeant Murray's work. He compared women's ability with man's, their imagination, decision making capacity, judgemental motives etc.

5 0
3 years ago
Other questions:
  • Carlita began 2014 with an interest payable account balance of $13,000. during 2014, it paid $5,000 in interest to its lenders.
    12·2 answers
  • Free rein leaders can be described as:
    5·1 answer
  • "The​ S&amp;H Construction Company expects to have total sales next year totaling $ 14 comma 700 comma 000. In​ addition, the fi
    15·1 answer
  • The following are insured for medical payments under a Personal Auto Policy (PAP):
    5·1 answer
  • Who is the son of the actress who played the mother-in-law of the “Sex and the City” character who graduated Harvard?
    13·1 answer
  • Which opening is most appropriate for this adjustment letter? a.We will grant your request and you can have a new gym bag althou
    8·1 answer
  • Preparing a Direct Labor Budget Patrick Inc. makes industrial solvents. Planned production in units for the first 3 months of th
    9·1 answer
  • To pay for her college education, Gina is saving $2,000 at the beginning of each year for the next eight years in a bank account
    14·1 answer
  • Who want to teach me for be a hacker <br> im a good boy
    7·1 answer
  • Suppose that you have been given a summer job as an intern at Issac Aircams, a company that manufactures sophisticated spy camer
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!