Purchases of new national defense equipment flow from ______ to ______ through the _____

makvit [3.9K]

Answer:

$2,000

Explanation:

where the cost of the delivery truck is $28,000 and a useful life of 5 years with a salvage value of $3,000,

Annual Depreciation = $\frac{28000-3000}{5000}$

= $\frac{25000}{5}$

= 5000

Therefore,

After year 1 which is by January 1st, 2019

Net book value of the truck = $28,000 - $5,000

= $23,000

After year 2 which is by January 1st, 2020

Net book value of the truck = $23,000 - $5,000

= $18,000

After year 3 which is by January 1st, 2021

Net book value of the truck = $18,000 - $5,000

= $13,000

After year 4 which is by January 1st, 2022

Net book value of the truck = $13,000 - $5,000

= $8,000

If the useful life of the asset is extended to 7 years from 5 years, the number of years remaining for the asset as at January 1st, 2022 would be extended from 1 year to 3 years.

Therefore, where the residual value is $2,000

Depreciation per year for the remaining 3 years

= (8000 - 2000)/3

= 6000/3

= 2000

Popular Company would report $ 2,000 as depreciation expense for the year ended December 31st, 2022.

3 0

2 years ago

The prepaid insurance account had a balance of $3,000 at the beginning of the year. The account was debited for $32,500 for prem

Nitella [24]

Answer:

A. Date Account Title Debit Credit

Insurance expense $30,700

($3000+$32500-$4800)

Prepaid insurance $30,700

B. Date Account Title Debit Credit

Insurance expense $30,700

Prepaid insurance $30,700

5 0

2 years ago

Management wants to build a culture where employees keep security in mind. Employees should be able to access information freely

Pavel [41]

Answer: Posters promoting good security behavior and designated mailing list.

Explanation:

One of the ways to create awareness in people's mind is by posting images, writings on walls and boards for their veiwing, when this is done over a period of time, they get conformed in their minds to adjust to what they've been seeing, another way is by designated emails, especially coming from the organization, through this emails, they can give their suggestions and complains also on what they feel or want to be done in the organization.

6 0

2 years ago

Luke Corporation issued at a premium of $5,000 a $100,000 bond issue convertible into 2,000 shares of common stock (par value $2

In-s [12.5K]

Answer:

Face Value of Bonds = $100000

Unamortized Premium = $2000

Conversion of Equity Shares = 2000 * $20 = $40,000

Paid in Capital in Excess of Par = $100000 + $2000 - $40000 = $62000

Journal Entries

Account Title & Explanation Debit Credit

Bond Payable Account $100000

Unamortized Premium $2000

Common Stock $40000

Paid in Capital in Excess of par $62000

(To record conversion of Bonds)

8 0

2 years ago

Consider a firm with a daily demand of 100 units, a production rate per day of 500 units, a setup cost of $200, and an annual

podryga [215]

Answer: 980

Explanation:

The number of units of inventory that the storage area must be able to hold will be calculated as:

Demand = 100 × 300 = 30000

Production rate per day = 500

Setup cost = $200

Annual holding cost = $10

We then use the economic order quantity formula to solve and the answer will be gotten as 1225

The maximum inventory will now be:

= EQQ × (1-d/p)

= 1225 × (1-100/500)

= 1225 × ( 1 - 0.2)

= 1225 × 0.8

= 980

6 0

2 years ago

Purchases of new national defense equipment flow from​ ______ to​ ______ through the​ ______ markets.

Purchases of new national defense equipment flow from to through the __ markets.