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just olya [345]
3 years ago
6

On January 1, a machine with a useful life of 5 years and a salvage value of $15000 was purchased for $115000. What is the depre

ciation expense for year 2 under straight-line depreciation
Business
1 answer:
grandymaker [24]3 years ago
5 0

Answer:

Annual depreciation (year 2)= $20,000

Explanation:

Giving the following information:

Purchase price= $115,000

Salvage value= $15,000

Useful life= 5 years

<u>To calculate the annual depreciation under the straight-line method, we need to use the following formula:</u>

<u></u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (115,000 - 15,000) / 5

Annual depreciation= $20,000

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Answer:

30

Explanation:

Data provided in the question

Total utility consuming the 2 widgets = 240

Total utility consuming the 3 widgets = 270

So by considering the above information, the marginal utility of consuming the third widget is

= Total utility consuming the 3 widgets - Total utility consuming the 2 widgets

= 270 - 240

= 30

Basically we deduct the total utility consumes 2 widgets from the total utility consumes 3 widgets

3 0
3 years ago
Maria and Javier are the equal partners in MarJa, a partnership that is a qualifying trade or business. In the current year, Mar
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Explanation:

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5 0
3 years ago
Departmental managers at Global Industries are required to maintain written records of highly favorable and unfavorable employee
Lemur [1.5K]

Answer:

1. Critical incidents

Explanation:

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8 0
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Norma-Jean [14]

Answer:

The December 31 balance sheet should show the following liabilities:

Current liabilities:

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4 0
3 years ago
Read 2 more answers
When is it appropriate to use an absolute reference?
Kipish [7]

Answer:

C.

Explanation:

i just had this question on a paper test and i got it right i hope this helps

5 0
3 years ago
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