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Margaret [11]
3 years ago
15

g A machine costing $58,944 with a 6-year life and $55,853 depreciable cost was purchased January 1. Compute the yearly deprecia

tion expense using straight-line depreciation. Round your answer to the nearest whole dollar.
Business
1 answer:
Solnce55 [7]3 years ago
7 0

Answer:

$9,309

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

DEPRECIABLE COST / USEFUL LIIFE

$55,853 / 6 = $9,309

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A specialist in the HR department is invited to promote the cybersecurity program in community schools. Which three topics would
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Answer:

The answer is below

Explanation:

In a given situation like the one presented in the question, it is believed and expected that three topics in which the Human Resources specialist in the area of the cybersecurity program, would emphasize in the presentation to draw students to this field are the following:

1. It has a high earning potential

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4 0
3 years ago
On January 1, 2012 Morgan Co. purchased a truck that cost $32,000. The truck had an expected useful life of 10 years and a $5,00
Novay_Z [31]

Answer:

Annual depreciation= $2,700

Explanation:

Giving the following information:

Morgan Co. purchased a truck that cost $32,000. The truck had an expected useful life of 10 years and a $5,000 salvage value.

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Annual depreciation= (32,000 - 5,000)/10= $2,700

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3 years ago
congratulations! you were the 10th caller on the kmth morning show and you just won $4,000.00. after you calm down, you decide t
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Compound interest is the idea that interest is earned on top of interest from that point forward by adding accumulated interest back to the principal amount. Here, a month's worth of compound interest is calculated (time period). As a result, the time period is 12 times, and the interest rate is divided by 12.

The scenario states that the computation of the provided data is as follows:

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So, using a financial calculator, we can estimate the value in the future.

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Principal multiplied by one plus the interest rate divided by the number of periods, raised to the power of the number of periods, and that whole subtracted from the principal amount to yield the interest amount, is how monthly compounding is calculated.

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If all other factors are equal, what will happen to the demand if the price of a product goes down? (Select the best answer.)
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The demand will go up
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3 years ago
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<span>lower-of-cost-or-market It is inconsistent because losses are recognized but not gains. b. It usually understates assets. c. It can increase future income. "market" in the lower-of-cost-or-market rule be more than estimated selling price in the ordinary course of business less reasonably predictable costs of completion and disposal. Designated market value is always the middle value of replacement cost, net realizable value, and net realizable value less a normal profit margin Lower-of-cost-or-market is most conservative if applied to individual items of inventory. the rationale behind the ceiling when applying the lower-of-cost-or-market method to inventory is to prevent overstatement of the value of obsolete or damaged inventories.</span>
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