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irga5000 [103]
2 years ago
8

​Viva, Inc. bought machine X for two years ago. The machine had no residual value and had an estimated useful life of 10 years.

If the company uses the straightline depreciation​ method, calculate the current book value of the machine.
Business
1 answer:
Eva8 [605]2 years ago
7 0

Answer:

the current book value of the machine is $14,400

Explanation:

The computation of the current book value of the machine is shown below:

The Annual Depreciation is

= (Cost - Salvage Value) ÷ (Useful Life)

= ($18,000 - 0) ÷ 10 years  

= $1,800

Now the depreciation for two years is

= $1,800 × 2

= $3,600

So, the current book value is

= Cost - accumulated depreciation

= $18,000 - $3,600

= $14,400

Hence, the current book value of the machine is $14,400

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EA13.
almond37 [142]

Answer:

$423,000

Explanation:

Initial accounts payable added to any purchases made during the period must equal ending accounts payable plus cash payments. Therefore, the amount of budgeted cash payments is:

\$95,000 + \$420,000 = \$92,000 + budgeted\ cash\ payments\\budgeted\ cash\ payments = \$423,000

The amount of budgeted cash payments is $423,000.

3 0
3 years ago
n 1973, long lines of cars appeared at American gas stations, which either ran out of fuel or limited how much a customer could
natita [175]

Answer: the oil embargo

Explanation:.

4 0
2 years ago
Astro Co. sold 20,500 units of its only product and incurred a $67,750 loss (ignoring taxes) for the current year as shown here.
maksim [4K]

Answer:

Break even point in dollar sales = $1,050,000

Explanation:

Break Even Point in dollar sales = Fixed Cost/ Contribution margin percentage

Contribution margin percentage = (Contribution margin/ Sales) X 100

Here we have for the year 2017

Contribution margin = $194,750

Sales = $779,000

Contribution margin percentage = ($194,750/$779,000) X 100 = 25%

Break even point in dollar sales = Fixed Cost $262,500/25%

= $1,050,000

3 0
3 years ago
On November 30, the company received an invoice from the electric company for $200. The company will pay the invoice in December
harkovskaia [24]

Answer:

Utility expense Dr.                      $200

  Accounts payable Cr.                $200

(To record the entry for electric expense)

Explanation:

Given the amount of the invoice = $200

The expenses like Electricity expenses come under utility expenses so the incurred electricity expense will show that the utility expenses are debited and account payable is credited. Here the account payable is credited because the is not paid.

Thus, below is the entry as on 30th November.

Utility expense Dr.  $200

  Accounts payable Cr.    $200

(To record the entry for electric expense)

8 0
3 years ago
Rashan's family is always telling him he's worthless and will never be successful at anything he does. Eventually, he reaches a
Ivenika [448]

Answer:

Self-esteem

Explanation:

Self-esteem is a person's evaluation of their worth. This evaluation is subjective as it may not be based on reality. Self-esteem is influenced by one's environment including peer groups, family, and coworkers.

Self-esteem induces the following feelings: shame, despair, pride, and triumph. It determines if a person likes themselves or not. People with high self-esteem are happy and comfortable with themselves, while those with low self-esteem are often depressed.

Rashan's self-esteem has gone low as he now believes what his family is telling him. That he is worthless.

7 0
3 years ago
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