1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marrrta [24]
3 years ago
8

Equipment was purchased for $250,000 plus $500 in freight charges. Installation costs were $750 and sales tax totaled $18,750. H

iring a special consultant to provide advice during the selection of the equipment cost $500. What is this asset's depreciable basis?
Advanced Placement (AP)
1 answer:
n200080 [17]3 years ago
6 0

Answer:

The asset's depreciable basis is:

= $270,500

Explanation:

a) Data and Calculations:

Equipment purchase cost = $250,000

Freight charges =                           500

Installation costs =                          750

Sales tax                                     18,750

Special consultant fee                   500

Total acquisition costs =     $270,500

Depreciable basis = Acquisition costs - Salvage value

= $270,500 - $0

= $270,500

b) The depreciable basis is the amount of the asset that is subject to depreciation over its useful life.  This amount is obtained by subtracting the salvage value from the acquisition costs.  The acquisition costs include the purchase price of an asset plus the costs incurred to put the asset into service, which include any sales taxes, delivery charges, and installation fees.

You might be interested in
In his research, Dr. Caulfield wants to compare levels of test anxiety among high school students in grades 10 and 12. His hypot
Nina [5.8K]
I think it operational
3 0
3 years ago
Read 2 more answers
Please answer fast ;(
Darya [45]
The answer should me d if I’m not mistaken
5 0
2 years ago
Read 2 more answers
A) Briefly explain why ONE of the following best supports the view that slavery largely ended during the Civil War before the pa
dalvyx [7]

From the perspective of enslaved African Americans, slavery ended before the passage of the 13th Amendment because of the Emancipation Proclamation. It is important to note that the Emancipation Proclamation did not officially end slavery, but it did provide the impetus for subsequent legislation. The Emancipation Proclamation took effect on January 1, 1863 and granted freedom to all enslaved persons in states that were in rebellion against the Union.  It also inspired enslaved African Americans to leave Southern plantations in large numbers and flee toward Union lines. Union troops were forced to make provisions for these enslaved people within their ranks.

President Lincoln would argue that the Emancipation Proclamation was simply a strategic move designed to destabilize the southern states. It did not apply to border states and it was null and void if the rebellious state returned to the Union. Moreover, because the southern states had seceded, they were no longer under the authority of the federal government, thus Lincoln had no authority over them

Enslaved people played an important role in the war as soldiers (those who escaped) and as laborers in the South  for the  Confederacy. They served as spies for the North.

6 0
2 years ago
Bro I need help
Morgarella [4.7K]

Answer: second place

5 0
3 years ago
Read 2 more answers
What type of economic development would come closest to having ZPG?
satela [25.4K]

Answer:

post - industrial

To me I think that's the best

4 0
1 year ago
Other questions:
  • What are three reasons that u.s. cotton is so successful?
    13·1 answer
  • What do you click to create a new presentation in Normal view ?
    9·1 answer
  • If a developmental researcher is studying what the earliest memories can be recalled from infancy or or the intellectual consequ
    6·1 answer
  • How many calories of heat are required to raise the temperature of 55.2 grams of water from 12 degrees celcius to 18 degrees cel
    15·1 answer
  • Sarabeth used a box-and-whisker plot to summarize her race times in minutes. She didn't include her latest race time of 28 minut
    8·1 answer
  • Why did civilization begin in ancient Egypt?
    11·2 answers
  • In operant conditioning, the concept of contingency is exemplified by an "if A, then B" relationship in which A and B, respectiv
    15·1 answer
  • 3. Discuss the economic growth of China during the Tang era. How did the process of "import substitution" affect the growth of t
    11·1 answer
  • 28 cm<br> 16 cm<br> 8 cm<br> 1<br> 1<br> 12 cm<br> 14 cm
    15·2 answers
  • Anybody else doubting life?
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!