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Karo-lina-s [1.5K]
2 years ago
9

Computer equipment was acquired at the beginning of the year at a cost of $70,700 that has an estimated residual value of $4,200

and an estimated useful life of 5 years. a. Determine the depreciable cost. $fill in the blank 1 b. Determine the straight-line rate. fill in the blank 2 % c. Determine the annual straight-line depreciation. $fill in the blank 3
Business
1 answer:
Evgesh-ka [11]2 years ago
5 0

Answer:

a, The depreciable cost when using the straight line method is;

= Cost of asset - Residual value

= 70,700 - 4,200

= $66,500

b. As the rate is uniform over the life of the asset, the rate is 100% divided by the life of the asset.

= 100%/5

= 20%

c. Annual depreciation will therefore be;

= Depreciation rate * depreciable cost

= 20% * 66,500

= $‭13,300‬

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Gene is a resident of Texas and has never been to Virginia. Helen wants to sue Gene in a Virginia state court regarding a breach
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The Virginia police arrest Gene in Texas and take him to Virginia.

HThe Virginia police arrest Gene in Texas and take him to Virginia.

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Helen could have Gene served with a summons while he is driving through Tennessee.

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Helen could disguise her voice and phone Gene, telling him he has won $10,000 and must pick up the money in Richmond, Virginia, then have him served in Richmond.

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