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AveGali [126]
3 years ago
5

ABC purchased equipment for $60,000 on January 1, 2018. The equipment is expected to have a five-year life, with a residual valu

e of $5,000 at the end of five years. Using the straight-line method, depreciation expense for 2019 and the book value at December 31, 2019 would be:
Business
1 answer:
Sever21 [200]3 years ago
3 0

Answer:

Depreciation expense - 2019  = $11,000

Book Value - 2019  = $38,000

Explanation:

Straight Line method charges a fixed depreciation charge as :

Depreciation Expense = (Cost - Residual Value) ÷ Useful Life

therefore,

Depreciation expense = $11,000

Book Value = $60,000 - $11,000 - $11,000 = $38,000

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3 years ago
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Noah drinks Dr. Pepper. He can buy as many cans of Dr. Pepper as he wishes at a price of $0.50 per can. On a particular day, he
Nadusha1986 [10]

Answer:

$0.85 and three cans

Explanation:

Data given in the question

Price per can = $0.50

First can paying price = $0.95

Second can paying price = $0.80

Third can paying price = $0.60

Fourth can paying price = $0.40

So by considering the above information, the noah can buy three cans as the prices are high

So, the consumer surplus is

= First can + second can + third can

where,

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Third can = $0.60 - $0.50 = $0.10

So, the total consumer surplus is

= $0.45 + $0.30 + $0.10

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3 years ago
Carol works for firm x. she takes long breaks and often daydreams when she is being paid to work. carol is
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6 0
3 years ago
Which of the following data is used to determine credit scores?
mojhsa [17]

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Explanation:

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Kahn Performance Nutrition produces a protein shake that contains whey protein as one of its ingredients. The whey protein (mate
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Answer:

The correct answer is "-$7200 (Unfavorable)".

Explanation:

Given:

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As we know,

⇒ Material \ quantity \ variance=(Standard \ quantity-Actual \ quantity)\times Standard \ priceBy substituting the values, we get

⇒                                          =(51600-54000)\times 3

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8 0
3 years ago
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