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mestny [16]
2 years ago
5

A company purchased factory equipment on April 1, 2022 for $69600. It is estimated that the equipment will have a $12000 salvage

value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2022 is:____________
Business
1 answer:
goldfiish [28.3K]2 years ago
3 0

Answer:

$4,320

Explanation:

Calculation for the amount to be recorded as depreciation expense at December 31, 2022

Using this formula

Depreciation expense at December 31, 2022=[(Factory equipment - Salvage value) ÷ 10]× 9/12

Let plug in the formula

Depreciation expense at December 31, 2022=[($69,600 - $12,000) ÷ 10] × 9/12

Depreciation expense at December 31, 2022=$5,760×9/12

Depreciation expense at December 31, 2022=$4,320

Note that 1 April 2022 to 31st December 2022 will give us 9months

Therefore Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2022 is:$4,320

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Dealing in debt of less than one year.

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Explanation:

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a) channel members.

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Health Wise Corporation has developed a new diet supplement to assist with weight loss. Which type of legal protection grants He
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Answer:B) Copyright

Explanation:

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3 years ago
Define and explain each concept and give specific examples: a. Marginal Propensity to Consume and Marginal Propensity to Save (
siniylev [52]

Answer:

The marginal propensity to save (MPS) is the portion of each extra dollar of a household's income that's saved. MPC is the portion of each extra dollar of a household's income that is consumed or spent. Consumer behavior concerning saving or spending has a very significant impact on the economy as a whole.

Multiplier Effect

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the fraction of any change in disposable income that is consumed; MPC = change in C / change in DI

Marginal Propensity to Save

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2 years ago
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