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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:

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BigorU [14]

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gavmur [86]
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4 0
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Approximately ________ % of the U.S. labor force is employed in service industries.a. 10b. 25c. 40 d. 60e. 80
GenaCL600 [577]

Answer:

The correct answer is letter "E": 80.

Explanation:

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