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AlekseyPX
2 years ago
11

Machinery was purchased for $340,000 on January 1, 2017. Freight charges amounted to $14,000 and there was a cost of $40,000 for

building a foundation and installing the machinery. It is estimated that the machinery will have a $60,000 salvage value at the end of its 5-year useful life. What is the amount of accumulated depreciation at December 31, 2018, if the straight-line method of depreciation is used
Business
1 answer:
creativ13 [48]2 years ago
4 0

Answer:

$133,600

Explanation:

Straight line depreciation expense = (cost of asset - salvage value) / number of year

Cost of asset = $340,000 + $14,000 + $40,000 = $394,000

($394,000 - $60,000) / 5 = $66,800

The amount of accumulated depreciation at December 31, 2018 =  $66,800 x 2 = $133,600

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Answer:

The other information required on a chemical label are;

Precautionary Statements

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Contact Information

Explanation:

Precautionary statement describes recommended measures that should be taken to minimize or prevent adverse effect resulting from exposure to the hazardous chemical

Hazard statement describes the nature of the hazard of the chemical.

Contact information; the name, Address and telephone number of the chemical manufacturer, importer or other responsible party.

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D

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To find the IRR using a financial calculator:

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3 years ago
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