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nataly862011 [7]
3 years ago
10

A company purchased a plant asset for $53,000. It has a salvage value of $3,000 and annual depreciation expense of $5,000. It ca

lculates depreciation using the straight-line method. The balance of the company's Accumulated Depreciation account at the end of the current year after-adjusting entries is $15,000. What is the asset's remaining useful life
Business
1 answer:
marshall27 [118]3 years ago
3 0

Answer:

The remaining useful life of the asset is = 10 - 3 = 7 years

Explanation:

The straight line method of depreciation charges a constant depreciation expense through out the useful life of the asset. The formula for depreciation expense under this method is,

Depreciation expense = (Cost - Salvage value) / Estimated useful life of the asset

Plugging in the values for depreciation expense per year, cost and salvage value, we can calculate the total expected life of the asset.

5000 = (53000 - 3000) / estimated useful life of the asset

estimated useful life of the asset = 50000 / 5000

estimated useful life of the asset = 10 years

As the accumulated depreciation  balance is of 15000, the depreciation for 15000/5000 = 3years has been charged.

The remaining useful life of the asset is = 10 - 3 = 7 years

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Suppose the lead time is 3 operating days, and that the superstore wishes to maintain instock probability of 90%. The demand in
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the  re-order point is 97.17

Explanation:

The computation of the re-order point is given below:

Re-order point is

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The same is to be considered and relevant too

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2 years ago
What type of rule defines how much time can pass between an illegal act and when an individual is prosecuted for that act?
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An economy has two firms, Russell Farms and the Cider Mill. Russell Farms owns orchards. It sells some of its apples to the publ
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a. GDP will increase

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d. GDP will increase

e. GDP will rise

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6 0
3 years ago
What is the total value of Company H's stock?
dmitriy555 [2]

Answer:

Insufficient data

Explanation:

Suppose x represents the total value of Company H's stock

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i.e. Investor P's amount in H's stock  = \frac{1}{4}x

We did not give P's investment.

Thus, data is insufficient to find value of x.

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3 years ago
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