<span>Given data shows that $1000 as salvage value and purchased computer for $8000
Depreciation was:
(8,000 - 1,000) / 5 = 1,400 per year.
Two year's depreciation = 2,800
Book value after two years = 8,000 - 2,800 = 5,200
After the estimates are revised, there are two more years remaining with a salvage value of 500.
(5,200 - 500) / 2 = 2,350 depreciation for 2018</span>
The answer is true
explanation : I had this question and got it right
Answer:
the cost of goods sold is $250,000
Explanation:
The computation of the cost of goods sold is given below:
= Opening finished goods inventory + cost of goods manufactured - ending finished goods inventory
= $72,000 + $246,000 - $68,000
= $250,000
Hence, the cost of goods sold is $250,000
Answer:
B. Sell government securities to prevent the expansion of the money supply.
Explanation:
- The federal reserve can expand the money supply by modifying the money supply and refers to the amounts of the finds the banks must hold against the deposits and thus by allowing the reserves needs the banks are able to load more money and increases the supply in the economy. Thus by selling the securities the banks can control the supply and interest rates and is called an open market.
Answer:
$343
Explanation:
Andrea and Phillip's annual premium cost can be calculated using the cost per thousand formula:
cost per thousand = annual premium / thousands of coverage
- cost per thousand = $0.98
- thousands of coverage = $350,000 / $1,000 = 350
$0.98 = annual premium / 350
annual premium = $0.98 x 350 = $343
