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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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3 years ago
A year​ ago, the Really Big Growth Fund was being quoted at an NAV of ​$21.98 and an offer price of ​$22.90. ​Today, it's being
Allisa [31]

Answer:

12.75%

Explanation:

Given that

Net assets value = $24.19

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= (Net assets value + Dividend and capital gain distribution - Offer price) ÷ Offer price

= ($24.19 + $1.63 - $22.90) ÷ $22.90

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2 years ago
What are the verbs in this sentence their fur helps them defend themselves
LenKa [72]
Helps and defends.......................
5 0
3 years ago
Read 2 more answers
When the Fed sells government securities in the open​ market, the money supply​ ________ because​ ________. A. ​increases; banks
Brums [2.3K]

Answer: Option (B) is correct.

Explanation:

Open market operations: In Open market operations, there is a buying and selling of government securities by the central bank of a nation. It is a monetary policy instrument that is used to control money supply in an economy.

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3 years ago
Lena Company has provided the following data (gnore income taxes); 2016 revenues were $77,000. 2016 expenses were $48,600. Divid
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Answer:

Option (b) is correct.

Explanation:

(a) Net Income:

= Revenues - Expenses

= $77,000 - $48,600

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= Net Income - Dividend

= $ 28,400 - $7,700

= $20,700

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= Total assets - Total Liabilities

= 185,000 - $105,000

= $80,000

Therefore, the retained earnings at December 31, 2016 were $20,700.

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