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exis [7]
3 years ago
10

Machinery purchased for $150,000 by Tom Brady Co. in 2010 was originally estimated to have a life of 12 years with a salvage val

ue of $24,000 at the end of that time. Depreciation has been recorded for 7 years on this basis. In 2017, it is determined that the total estimated life should be 15 years with a salvage value of $18,000 at the end of that time. Assume straight-line depreciation.
Instructions:
Determine the depreciation expense for 2017.
Business
1 answer:
Phoenix [80]3 years ago
5 0

Answer:

$7,312.50

Explanation:

The computation of the depreciation expense for 2017 is shown below:

Book Value is

= Cost - Accumulated Depreciation

= $150,000 - {[($150,000 - $24,000) ÷ 12 ] × 7y}

= $150,000 - [($126,000 ÷ 12 ) × 7]

= $150,000 - ($10,500 × 7)

= $150,000 - $73,500

= $76,500

Now the depreciation expense for 2017 :

= ($76,500 - $18,000) ÷ (15 - 7) years

= $58,500 ÷ 8 years

= $7,312.50

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The following is an estimated demand function:
Tanzania [10]

Answer:

The predicted value of sales is $75,037,500.

Explanation:

Given:

Q = 875 + 6XA + 15Y - 5P ……………………..(1)

Where:

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XA = Advertising = $100,000

Y = Income = $10,000

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Substituting the values into equation (1), we have:

Q = 875 + (6 * 100,000) + (15 * 10,000) - (5 * 100)

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3 0
3 years ago
If a​ firm's average total cost is less than price where MR​ = MC,
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Answer:

C. the firm should produce if its price exceeds average variable cost.

Explanation:

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3 0
3 years ago
The bond has a 12% annual coupon rate, a $1,000 par value, it matures in 15 years and pays coupon quarterly. The current bond pr
Vladimir79 [104]

Answer:

A. 14.28%

Explanation:

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B = (Redemption - Price value / Number of coupon) = (1,000 - 900) / (15 * 4)

= 1.667

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Effective amount yield = 0.142762 * 100

Effective amount yield = 14.2762%

Effective amount yield = 14.28%

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Answer:

I think I think it will be 2:35 or 2:50

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