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valina [46]
2 years ago
9

Riverbed Corp bought equipment on January 1, 2022. The equipment cost $460000 and had an expected salvage value of $65000. The l

ife of the equipment was estimated to be 5 years. The company uses the straight-line method of depreciation. The book value of the equipment at the beginning of the third year would be $395000. $158000. $302000. $460000.
Business
1 answer:
balandron [24]2 years ago
7 0

Answer:

Book value= $302,000

Explanation:

Giving the following information:

Purchase price= $460,000

Salvage value= $65,000

Useful life= 5 years

<u>First, we need to calculate the annual depreciation.</u>

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

Annual depreciation= (460,000 - 65,000) / 5

Annual depreciation= $79,000

<u>Now, the accumulated depreciation after 2 full years:</u>

Accumulated depreciation= 79,000*2= $158,000

<u>Finally, the book value:</u>

Book value= purchase price - accumulated depreciation

Book value= 460,000 - 158,000

Book value= $302,000

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Sanjeev leases a house from Clara, and the lease has an option contract attached that permits Sanjeev to buy the house if he cho
Aleksandr-060686 [28]

The amount of the option fee need to be on amount agreed to by the parties in order to be legally binding.

<h3>What is a lease agreement?</h3>

A lease agreement is a legal arrangement whereby a person give another person the right to possess the land for use in return for a periodic compensation.

However, the lease agreement can lead to permanent purchase, based on the agreement of the lease.

In conclusion, the amount of the option fee need to be on amount agreed to by the parties in order to be legally binding.

Read more about lease agreement

<em>brainly.com/question/24460932</em>

8 0
2 years ago
Suppose during the course of a year an economy produces $7 trillion of consumer goods, $1 trillion of investment goods, $5 trill
In-s [12.5K]

Answer:

D) $12 trillion.

Explanation:

GDP is the sum of all final goods and services produced in an economy within a given period which is usually a year.

GDP = Consumption + Investment + Government Spending + Net Export

Net Export = Export - Import

Net Export = $1 - $2 = -$1

GDP = $7 + $1 + $5 - $1 = $12

All calculations are in trillion

I hope my answer helps you.

4 0
3 years ago
Assume oil prices rise in the United States, generating concerns that inflation may increase. If the Fed wishes to ensure that i
miskamm [114]

If the Fed wishes to ensure that inflation does not get out of hand, the Fed could lower the <em>target money supply growth rate</em>.

Inflation is when the general price levels in an economy increases persistently overtime.  The policy tools that the Fed can use to control general price levels in the economy is known as monetary policy.

There are two types of monetary policy :

  1. Expansionary monetary policy : these are steps taken by the Fed to increase the supply of money in the economy. These steps include reducing the <em>target Funds rate, decreasing the reserve requirements and carrying out open market purchase</em>.
  2. Contractionary monetary policy : these are steps taken to reduce the money supply in the economy. These steps include reducing the <em>target money supply growth rate and carrying out an open market sales. </em>

To learn more about monetary policy, please check: brainly.com/question/15566475?referrer=searchResults

7 0
2 years ago
Jake Werkheiser decides to invest $5000 in an IRA at the end of each year for the next 12 years. If he makes these investments,
Oxana [17]

Answer:

Jake Werkheiser will have $170,322.48 at the end of 12 years.

Explanation:

We use the following formula to find the future value,

S=R[\frac{(1+i)^n-1}{i}](1+i)

S= future value

R= yearly payment =$5000

i= rate of interest = 9%=0.09

n =time =12 years.

Now putting the value of i, n, R

S=5000[\frac{(1+0.09)^{12}-1}{0.09}](1+0.09)

 =$170,322.48

Jake Werkheiser will have $170,322.48 at the end of 12 years.

5 0
3 years ago
Bustillo Inc. is working on its cash budget for March. The budgeted beginning cash balance is $51,000. Budgeted cash receipts to
Julli [10]

Answer:

$16,000

Explanation:

Data provided

Ending cash balance = $72,000

Beginning cash balance = $51,000

Cash receipts = $135,000

Cash disbursements = $130,000

The computation of cash borrowing is shown below:-

Ending cash balance = Beginning cash balance + Cash receipts - Cash disbursements + Cash borrowings

$72,000 = $51,000 + $135,000 - $130,000 + Cash borrowings

Cash borrowings = - $72,000 + $51,000 + $135,000 - $130,000

= $186,000 - $202,000

= $16,000

3 0
3 years ago
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