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
Serggg [28]
4 years ago
9

On January 2, 2016, Alpha Company acquired a new machine by signing a 5 year note for $62,000. The estimated service life is eig

ht years and the total units of output to be 200,000. The estimated residual value is $8,000. Using the straight-line method, how much is: (Enter only whole dollar values.)
Business
1 answer:
spin [16.1K]4 years ago
8 0

Answer:

The answer is $10,800

Explanation:

Straight line method of depreciation is:

Cost - residual value/number of useful life

Cost - $62,000

Residual value - $8,000

Number of years - 5years

=62,000 - 8,000/5

=57,000/5

$10,800.

Therefore, $10,800 will be charged every year.

You might be interested in
The first budget customarily prepared as part of an entity's master budget is the
ladessa [460]
I am pretty sure it is sales budget
5 0
3 years ago
What is a loan forgiveness program? "​
Zanzabum

Answer:

Loan forgiveness is a program in which student loans are all or partly written down, as long as a candidate fulfills certain requirements. In nations where students must finance their education with student loans, loan forgiveness programs are designed to help make college more accessible for people who are willing to do a little bit of extra work.

3 0
3 years ago
Teams occur when a number of people have --------------- and recognise that their personal success is dependent on the success o
mihalych1998 [28]

Not sure what the options for the answer are (if there are any), but an appropriate entry in this box is "common goals," among other answers. Please let me know if you have any questions and provide me with the answer options if there are any.

6 0
3 years ago
​Craig's Craft Beer structures its company in such a way to encourage its most profitable older customers to remain loyal while
DedPeter [7]

Answer: Customer Equity.

Explanation:

Craig's Craft Beer company is building their customer equity, as they seek to maintain current customers and increase customer base. Customer Equity is the total value a business company benefits from all their customers, during their period of active patronage.

7 0
4 years ago
A company reports the following amounts at the end of the year:
Inga [223]

Answer:

33.33%

Explanation:

Given:

Sales revenue = $360,000

Cost of goods sold = $240,000

Net income = $53,000

Now,

the gross profit = Sales revenue - Cost of goods sold

or

The gross profit = $360,000  - $240,000  = $120,000

Thus,

the company's gross profit ratio = \frac{\textup{Gross Profit}}{\textup{Sales revenue}}

or

The company's gross profit ratio =  \frac{120,000}{\textup{360,000}

or

The company's gross profit ratio = 33.33%

8 0
3 years ago
Other questions:
  • Does anyone have some sort of idea for inventing something, that would be useful to everyone in the world? It could be as simple
    7·1 answer
  • Consumers' incomes decrease, which causes a decrease in demand. This causes the equilibrium price to _____. increase decrease st
    15·2 answers
  • On January 1, 2017, Seven Wonders Inc. signed a five-year noncancelable lease with Moss Company. The lease calls for five paymen
    12·1 answer
  • Tony & Guy is a global hairdressing and education business headquartered in England. It has recently opened salons in Mongol
    6·1 answer
  • The International Trade AdministrationA) provides aid to underdeveloped countries and has limited protection in support of "esse
    7·1 answer
  • When you take a multiple-choice test, you are relying on ________, a means of retrieving information out of your long-term memor
    10·2 answers
  • Even though the research and development team of Orbiton Computer Inc. came up with promising technological innovations, the inn
    9·1 answer
  • On January 1, Year 1, Savor Corporation leased equipment to Spree Company. The lease term is 9 years. The first payment of $698,
    6·1 answer
  • Which of the following best explains the purpose of a supply schedule?
    11·2 answers
  • Which of the following statements is correct? The dead weight loss caused by monopoly
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!