1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ruslelena [56]
3 years ago
13

A company used straight-line depreciation for an item of equipment that cost $15,350, had a salvage value of $3,200 and a six-ye

ar useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1,535 but its total useful life remained the same. Determine the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life: Multiple Choice $2,880. $5,672. $1,215. $2,580. $3,200.
Business
1 answer:
Thepotemich [5.8K]3 years ago
7 0

Answer:

The correct answer is $2,580.

Explanation:

Under straight-line method, depreciation expense is (cost - residual value) / No of years = ($15,350 - $3,200) / 6 years = $2,025 yearly depreciation expense.

Accumulated depreciation at Year 3 = $2,025 x 3 = $6,075

Net book value (NBV) becomes $15,350 - $6,075 = $9,275

New depreciation is ($9,275 - $1,535) / 3 years = $2,580 yearly depreciation expenses

You might be interested in
Some companies want to get their products into as many outlets as possible, understanding that the more exposure a product gets,
Rus_ich [418]

The correct answer is the intensive distribution. An intensive distribution is being defined as having to get products to many outlets as possible by which the consumers are likely to encounter and see the product everywhere that they may go to.

5 0
3 years ago
Read 2 more answers
In 2019, Willow Corporation had three employees. Two of the employees worked full-time and earned salaries of $25,000 each. The
Lady_Fox [76]

Answer:

FUTA tax due from the corporation is $108

 

Explanation:

The First and Second employee earned 7000 each

The Third employee earn earns 4000

Paid under State Unemployment Tax by the employer is = (7000+7000+4000) x 5.40% =$972

How much FUTA tax is due from Willow Corporation for 2019?

Credit of tax paid in State Unemployment Tax is availabe for FUTA tax of 6%, thus FUTA due will be:

=(6% of 18000) - $972

=1080-972

=$108

5 0
3 years ago
2 Points
Serhud [2]

Answer:

The minimum wage

Explanation:

5 0
3 years ago
If Farmer Brown plants no seeds on his farm, he gets no harvest. If he plants 1 bag of seeds, he gets 5 bushels of wheat. If he
klasskru [66]

Answer: d. the production function is unrelated to the marginal product.

Explanation:

production function helps show the relationship between the quantity of inputs used in producing a goods or service and the quantity of output it produces. Example; a bag of seeds produces 5 bushels of seeds.

While marginal output is an increase in the output of the product, when input is when input is constant.

In this case production is in to marginal product.

3 0
3 years ago
When an electronics company sells its global positioning systems to a car manufacturer, it is engaged in ________ marketing.
viktelen [127]

Answer:

It is called a Business to Business or B2B Marketing

Explanation:

B2B or Business to Business Marketing simply occurs when a business organisation decides to going into transaction with an other business organisation. The two businesses can be within the same locality or not. A criteria is that a B2B marketing involves a commercial transactions which would be to the benefit of both parties.

The <u>opposite of B2B is B2C (Business to Consumer) marketing, this is the commonly known type of marketing where a consumer/individual</u> patronizes the products of a manufacturer or business organisation.

B2B will usually occur when a company needs certain products or materials to complete its own finished goods and this can be purchased from another organisation that has been adjudged to be a producer of same.

It could also occur, when a business is required to take on the services of another business for instance in audit cases.

In the case of the question, the global positioning system is a finished product of the electronics company required by the car manufacturer to complete his own finished product (the car). Hence, the B2B marketing.

5 0
3 years ago
Other questions:
  • At Jacobson Company, indirect labor is a variable cost that varies with direct labor-hours. Last month’s performance report show
    8·1 answer
  • What type of consumer debt is the largest in the united states
    5·1 answer
  • Writing ads and setting prices are examples of which of the following?
    5·1 answer
  • Keithomp, a company that manufactures and exports candies, sells different flavors of candy depending on the taste preferences o
    7·1 answer
  • Pam Erickson Construction Company changed from the completed-contract to the percentage-of-completion method of accounting for l
    14·1 answer
  • Item 3Item 3 Cutter Enterprises purchased equipment for $87,000 on January 1, 2018. The equipment is expected to have a five-yea
    9·1 answer
  • 7 points Check my workCheck My Work button is now disabled1Item 3 A company with $795,000 in operating assets is considering the
    13·1 answer
  • The present value of $40,000 to be received in two years, at 12% compounded annually, is (rounded to nearest dollar)
    15·1 answer
  • If a company can use 100% of its
    13·1 answer
  • (Chapter Supplement) Under the gross method of recording sales discounts discussed in this chapter, is the amount of sales disco
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!