There are a couple of questions in this:

Equipment costing $40,000 with a salvage value of $8,000 and an estimated life of 8 years has been depreciated using the straigh

kaheart [24]

Answer:

The equipment originally cost 40,000 and has a salvage value of 8,000, which means that the amount that can be depreciated is 32,000. It has a life of 8 years and follows a straight line method so the yearly depreciation would be 32,000/8= 4,000.

The depreciation for the first 2 years is 4000*2= 8,000

So the book value of the asset is 40,000-8000= 32,000

Since according to the new estimate the total life is 5 years, and 2 years have already passed the remaining life of the asset is 3 years. Also since there is no change in salvage value the amount that can be depreciated is 32,000-8,000= 24,000

To find out the deprecation in year 3 we will divide 24,000 by the reaming life which is 3.

24,000/3= 8,000

The depreciation expense in year 3 would have been $8,000

Explanation:

6 0

3 years ago

A firm produces three types of computers (small, medium, and large). Demand for the computers is such that 100 small, 200 medium

salantis [7]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

4 0

3 years ago

On December 31, 2017, Ainsworth, Inc., had 720 million shares of common stock outstanding. Thirty one million shares of 7%, $100

Oksana_A [137]

Answer:

1)

Reported net loss $ (195)

Add: Cumulative preference dividend (31*$100*7%) $ (217)

Total loss $ (412)

Calculation of weighted average number of shares

Common stock outstanding on 12/31/17 (720*105%) 756.00

Treasury stock (-30*105%*8/12) (21.00)

Issuance (12*4/12) 4.00

Weighted average number of shares 739.00

Numerator / Denominator = Net loss per share

$ (412) / 739.00 = $ (0.56)

2)

Calculation of Net Income

Reported net loss $ (195)

Add : loss from discontinuing operation $ 510

Income from continuing operation $ 315

Cumulative preference dividend $ (217)

Net Income $ 98

Numerator / Denominator = Net loss per share

$ 98 / 739.00 = $ 0.13

3)

Comparative income statement 2018 2017

Earning(Loss) per common share:

Income from $ 0.13 $0.71 ($540/(720*105%))

continuing operation = $ 0.71

Loss from discontinued $ (0.69)

operation

Net Income (Loss) $ (0.56) $ 0.71

4 0

3 years ago

1+1<br><br> \ROAST BACK TIMES GOOOOOO GOOOOOOO GOOOOOOO

Anna71 [15]

The answer is 3 most definitely three lol 1+1=3 yup you bet lol

7 0

3 years ago

Read 2 more answers

An issuer has filed a registration statement in the state proposing to offer 500,000 shares in a combined primary and secondary

sweet-ann [11.9K]

Answer:

b. 300,000 shares being sold is an issuer transaction and the 200,000 shares being sold is a non-issuer transaction.

Explanation:

A non-issuer transaction is a transaction that does not directly benefit an issuer or it was not directly executed to benefit an issuer.

According to the Uniform State Law, an entity involved in the sales of certificates of interest, leases, mining titles among others is officially exempted from being labelled as an issuer. Hence, the entity (officers of the firm) in the question are non-issuer brokers.

Specifically, when the sales of stock are carried out by someone or an individual who is not a registered stockbroker, that individual officially becomes what is called 'a non-issuer broker-dealer'. The implication is that such a transaction is to be exempted from the registration requirements of the Security Exchange Commission.

In this question, since the issuer newly issued 300,000 shares while the remaining 200,000 in the proposed combination was offered by Officers of the firm - non-issuer broker-dealers. The Law states that it must be separated to show that 300,000 shares are sold in an issuer transaction (Primary) directly involving an official issuer while 200,000 shares are sold in a non-issuer transaction (Secondary).

3 0

3 years ago