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Slav-nsk [51]
3 years ago
13

The December 31, 2016 balance sheet of Jensen Company showed Equipment of $76,000 and Accumulated Depreciation of $18,000. On Ja

nuary 1, 2017, the company decided that the equipment hasa remaining useful life of 6 years with a $4,000 salvage value. Compute the depreciable cost of the equipment. Depreciable cost Compute the revised annual depreciation.
Revised annual depreciations
Business
1 answer:
Blababa [14]3 years ago
6 0

Answer:

A. $54,000

B. $9,000

Explanation:

A. Computation for the depreciable cost of the equipment

Book value, 1/1/17 $58,000

($76,000 – $18,000)

Less salvage value $4,000

Depreciable cost $54,000

($58,000-$4,000)

Therefore the depreciable cost of the equipment is $54,000

B. Computation for the revised annual depreciation

Revised annual depreciation = $54,000÷6 years

Revised annual depreciation = $9,000

Therefore the revised annual depreciation is $9,000

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An example of a poor study environment is a place with
juin [17]

Answer:

A place with a lot of noise, poorly lit, and distractions

6 0
3 years ago
Read 2 more answers
At October 1, 2015, Padilla Industries had an accounts payable balance of $40,000. During the month, the company made purchases
Evgesh-ka [11]

Answer:

The amount of account payable on October 31, 2015 would be $25,000.

Explanation:

Given information -

Opening account payable balance on October 1 - $40,000

Purchase made in the month of October is - $33,000

Now by adding both the opening balance and purchase , we will get the total amount to be payable for the month of October,

$40,000 + $33,000

= $73,000

Now it is given that Padilla industries have made some payments on account - $48,000

Subtracting this amount paid from total account payable , we will get how much amount is left to be paid in October ( 31 )

$73,000 - $48,000

= $25,000

7 0
3 years ago
Which bond portfolio with a 20-year life would be expected to give the highest long-term return?
lana [24]

with an expected rate of return of 10% and a default risk of 20% over the portfolio life  with an expected rate of return of 10% and a default risk of 20% over the portfolio life

<h3>What is rate of return?</h3>

A return in finance is a profit on an investment. It includes any change in the investment's value and/or cash flows received by the investor, such as interest payments, coupons, cash dividends, stock dividends, or the payoff from a derivative or structured product.

The annual rate of return is the percentage change in an investment's value. For instance, if you assume a 10% annual rate of return, you are anticipating that the value of your investment will rise by 10% each year.

Assume an investor paid $950 for a short-term bond, such as a US Treasury Bill, and redeemed it at maturity for its face value of $1000.

To know more about rate of return follow the link:

brainly.com/question/24301559

#SPJ4

8 0
2 years ago
In an open economy, national saving equals a. domestic investment. b. domestic investment plus net capital outflow. c. domestic
egoroff_w [7]

In an open economy, national saving equals to domestic investment and net capital outflow

Explanation:

In an open economy national saving as considered or calculated an equal to the domestic investment and net capital outflow.

The savings saved by the households are generally deposited in the the banks accounts and banks use this amount to give loans to the business organisation and they make money from these loans.

Apart from this, countries also invests in the other foreign countries which is also considered as domestic (national) saving.

7 0
3 years ago
BSU Inc. wants to purchase a new machine for $40,070, excluding $1,200 of installation costs. The old machine was bought five ye
myrzilka [38]

Answer:

4.62  years

8.02%

Explanation:

The payback period is the number of years it would take the investment to recoup itself.

Payback=initial capital outlay/annual cash flow

initial capital outlay is the cost of the new  machine plus installation cost minus the salvage value of the old machine.

initial capital outlay=$40,070+$1,200-$2,000=$ 39,270.00

Annual cash flow is the reduction in operating costs of $8,500 per year

payback =$ 39,270.00/$8,500.00=4.62  years

The internal rate of return is computed in the attached

 

Download xlsx
3 0
3 years ago
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