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
Nutka1998 [239]
2 years ago
10

Calculate the total cost, total depreciation, and annual depreciation for the following assets by using the straight-line method

. Cost Shipping Charges Setup Charge Total Cost Salvage Value Estimated Useful Life (years) Depreciation Total Annual
1. $5,600 $210 $54 ______ $600 6
2. $16,900 $310 0 ______ $1900 4
Mathematics
1 answer:
dmitriy555 [2]2 years ago
5 0

Answer:

a. For Asset 1, we have:

Total cost = $5,864

Total depreciation = $5,264

Annual depreciation = $877.33

b. For Asset 2, we have:

Total cost = $17,210

Total depreciation = $15,310

Annual depreciation = $3,827.50

Step-by-step explanation:

Note: The data in this question are merged together. They are therefore sorted before answering the question. See the attached pdf for the complete question with the sorted data.

Also note: See the attached excel file for the presentation of the data in the question with the answers (in bold red color).

The explanation of the answers is now given as follow:

Straight line method is a method of calculating depreciation and amortization of an asset by dividing the difference between the total cost and salvage value of an asset by its estimated useful life.

Therefore, wee have:

a. For Asset 1, we have:

Total cost = Cost + Shipping Charges + Setup Charge = $5,600 + $210 + $54 = $5,864

Total depreciation = Total cost - Salvage Value = $5,864.00 = $600 = $5,264

Annual depreciation = Total depreciation / Estimated Useful Life = $5,264 / 6 = $877.33

b. For Asset 2, we have:

Total cost = Cost + Shipping Charges + Setup Charge = $16,900 + $310 + $0 = $17,210

Total depreciation = Total cost - Salvage Value = $17,210 - $1,900 = $15,310

Annual depreciation = Total depreciation / Estimated Useful Life = $15,310 / 4 = $3,827.50

Download xlsx
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> xlsx </span>
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> pdf </span>
You might be interested in
Anyone please help !!
yuradex [85]

Answer:

The answer for the first problem is B. The answer to the second problem is A.

Step-by-step explanation:

Explanation for first problem: Factor the equation and get (w+5)(w-4). Then multiply the numerator of the equation (w-3) by (w-4) and get w²-7w+12.

Explanation for second problem: Plug in the values of choice A., -2 and 4, and they cause the denominators to equal 0 which is against the rules or considered illegal.

8 0
3 years ago
Kiara is stacking wood. Kiara stacks sixty-five pieces of wood. There are only seven more pieces of wood for kiara to put on the
Dovator [93]
The answer is 72

You would have to add sixty-five plus seven
7 0
3 years ago
Read 2 more answers
Which is the definition of perpendicular lines that includes only necessary and sufficient information?
Papessa [141]
Two lines that intersect to create a 90 degree angle
6 0
3 years ago
HELP PLS ANSWER ASAP DUE TOMARROW
damaskus [11]

Answer:

they need to sell 15,000 because 42 percent of 15,00 is 6,300+2500=800

the inequality should be. 2500+0.42s≥8,800

and the number line should have a closed point on 15,000 with the line pointing to the right

6 0
3 years ago
BRAINLIST AND 30 POINTS
svetlana [45]

Answer:

1/16

Step-by-step explanation:

So if you want to divide an amount equally, you divide the numbers. In this scenario, what you would do is this:

1/2 needs to be split 8 times

(1/2)/8

If you have something like this where the numerator is a fraction, then you multiply 2x8. that gives you 16, so now you add the 1 on top and you get 1/16.

6 0
3 years ago
Other questions:
  • What number should be placed in the box to help complete the division calculation? Long division setup showing an incomplete cal
    15·1 answer
  • A manufacturing company has the following fixed monthly costs and unit variable costs: Rent = $2,200 Utilities = $375 Variable c
    12·1 answer
  • In this quadrilateral x=<br> A) 56. B) 67 C) 78 D) 89
    7·1 answer
  • What is 18.345-10.67 and who ever helps me I will help them
    14·2 answers
  • PLEASE HELP ASAP!!! CORRECT ANSWER ONLY PLEASE!!! I CANNOT RETAKE THIS!!
    10·1 answer
  • Isaac made a mistake. in his checkbook​
    13·1 answer
  • What is the slope of the line that passes through (2,6) and (6,9)
    13·1 answer
  • Solve for h<br> A=1/2(a+b)h
    11·1 answer
  • 3. Simplify 3 +2× 4+6/2-5 -1<br><br>4<br><br>2<br><br>25<br><br>3​
    8·1 answer
  • Georges is watering her garden, which contains red, blue and yellow flowers. If all the flowers are red except 14, and all are b
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!