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3 years ago

7

Kansas Enterprises purchased equipment for $60,000 on January 1, 2012. The equipment is expected to have a five-year life, with

a residual value of $5,000 at the end of five years.Using the straight-line method, depreciation expense for 2013 and the book value at December 31, 2013 would be:a. $12,000 and $36,000.b. $12,000 and $31,000.c. $11,000 and $33,000.d. $11,000 and $38,000.

1 answer:

Rudiy273 years ago

5 0

Answer:

(D) Annual depreciation will be $11000

And book value will be $38000

Explanation:

We have given Kansas purchased equipment for $60000

So Acquisition cost = $60000

Residual value = $5000

We know that annual depreciation is given by

Life time = 5 years

Annual depreciation expense $=\frac{Acquisition\ cost-residual\ value}{life\ time}=\frac{$60000-$5000}{5}=$11000$

Depreciation expense is the same every year under straight-line. Therefore, in 2013 the depreciation expense is $11,000

Book value is given by

Book value = Acquisition Cost - Accumulated Depreciation

= $60000-2\times (110000)=$38000$

The Book Value of the asset is therefore $38,000 after 2 years of service

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A monopolistic competitor, like some organizations often earn profits in the short run. The entry of some firms into the same market can bring about a shift in the demand curve faced by a monopolistically competitive firm.

When economic profit is zero, an organization is known to be earning the same as when its resources were used in the next best alternative.

See full question below

Is zero economic profit inevitable in the long run for monopolistically competitive firms? In the long run, monopolistically competitive firms

A. will not continue to earn profit because the cost of production will rise as new firms enter the market.

B. may continue to earn profit by convincing consumers their products are different.

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2 years ago

PortaCom manufactures notebook computers and related equipment. PortaCom's product design group developed a prototype for a new

Alchen [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

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Administrative Cost $500,000

Advertising Cost $700,000

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Advertising Cost= (700,000)

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3 years ago

Your Competitive Intelligence team reports that a wave of product liability lawsuits is likely to cause Digby to pull the produc

anzhelika [568]

Answer:

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In order to completely answer the question, the complete question is found online. This question was missing some table attachments which are attached with it.

From the table, it is first noted that the core products are listed which are as below:

Axe
Bolt
Buzz
Deft
Dim

Now as mentioned in the question, deft is to be ignored so the remaining options are:

Axe
Bolt
Buzz
Dim

Now the capacities of these are included which are found from the table and are as follow:

Axe=2050

Bolt=1040

Buzz=1040

Dim=1300

So the total capacity of 1 shift is

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3 0

3 years ago

Alfred lost his 3-year-old camera. It cost him $150 three years ago and had a life expectancy of 6 years. Alfred has actual cash

salantis [7]

Answer:

insurance company will pay $75 to Alfred.

Explanation:

given data

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Life expectancy = 6 years

solution

we get here first Remain life of camera that is

Remain life of camera = 6 years - 3 years

Remain life of camera = 3 years

and

now we get here current cost of the camera that is

current cost of camera = Alfred cost of camera × (Remain life of camera ÷ Life expectancy) ........................1

put here value and we get

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3 years ago

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Answer:

False

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But managers, and specially true leaders have it a little more complicated. The four main decision making styles that apply to leaders are:

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3 years ago