- The annual depreciation expense is $17,000.
- The book value at the end of the twentieth year of use is $425,000.
- The depreciation expense for each of the remaining 20 years is $20,000.
<h3>What is the annual depreciation expense?
</h3>
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
Annual depreciation = ($765,000 - $153,000) / 36 = $17,000
Book value in the 20th year = cost of the asset - accumulated depreciation
765,000 - (17,000 x 20) = $425,000
Depreciation expense for each of the 20 years = (book value - new residual value) / new useful life
(425,000 - $25,000) / 20 = $20,000
To learn more about straight line depreciation, please check: brainly.com/question/6982430
#SPJ1
"There are fewer close substitutes for the product your team supports" will improve your bargaining position with customers.
<u>Option: B</u>
<u>Explanation:</u>
Bargaining is the procedure which is preferred by citizens not only with street shops but it is famous internationally too, where defense, economic trade deal, etc are signed between two different nations to corporate and shake hand of unity. Bargaining is more effective when one allow seller to know that the party itself have more substitutes if the product is not provided by the seller in appropriate rate.
For an instance, if India need to buy some rolling defense helicopters for nation from Russia but prices are high and United States is providing same material with lower price or may be with better rewards on buying from them.
Answer:
The correct answer is option D.
Explanation:
The market price is P.
The marginal cost is given at MC.
The subsidy is equal to s.
When the subsidy is provided to only a single firm, that firms marginal cost will decline. The firm can take advantage of decreased marginal cost by increasing the output level. The firm will produce the output where the price and marginal revenue is equal to marginal cost plus subsidy. At this point, the firm will be having maximum profit.
So, the firm will increase production until
P=MC+S
Answer and Explanation:
The journal entry is shown below:
Overhead $4,700
Cost of goods sold $4,700
(Being overapplied overhead is closed)
Here the overhead is debited as it increased the expenses and credited the cost of goods sold as it decreased the expense
