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sashaice [31]
3 years ago
6

The Washington Company purchased a new machine for $200,000. In addition to the invoice cost of the unit they had to pay $5,000

in freight, $10,000 in wiring, and installation labor of $10,000. The company estimates the machine will have a ten year life and the salvage can be sold for $25,000 at the end of ten years. Compute the straight line depreciation for years one and two.
Business
1 answer:
ehidna [41]3 years ago
5 0

Answer:

The answers are $20,000 and $17,500.

Explanation:

Straight Line Depreciation is a calculation made to find the amount that an asset's value has reduced over a certain period of time.

The formula for it is \frac{(Cost Of Asset) - (Salvage Value)}{Asset Life}.

The cost of the asset is $200,000 but for the first year there are also the freight, wiring and installation costs which apply just once and they come up to $25,000 in total.

So the depreciation for year one is going to be \frac{225,000 - 25,000}{10} which is $20000.

The depreciation for year two is going to be \frac{200,000 - 25,000}{10} which is $17,500.

I hope this answer helps.

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In an efficient market, prices appear to move randomly becauseA) investors do not process new information correctly.B) only new
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Answer:

Correct answer is B.

Explanation:

B is correct. In the Strong-form efficient market hypothesis, all public and private information is reflected in prices and it is impossible for anyone to outperform the market. Only new information affects stock prices, but then, this new information is processed correctly and reflected in the price of an asset so fast before anyone can act on it. As a result, the price action becomes totally unpredictable and prices appear to move randomly.

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While other suppliers bidding for the contract brought bids with lower per unit costs, Orchard wanted to take delivery based on
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Answer:

The correct answer is A) top quality.

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3 years ago
Read 2 more answers
For the year ended December 31, Depot Max's cost of goods sold was $56,900. Inventory at the beginning of the year was $6,540. E
il63 [147K]

Depot Max's inventory turnover for the year is 8.3

Given

Cost of goods sold = $56900

Begining Jovenstory = $6540

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He Depot Max's Inventory 8.3 times (approx ).

Learn more about turnover here: brainly.com/question/25623677

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3 years ago
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