1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
katovenus [111]
3 years ago
14

g On January 1, a machine with a useful life of four years and a salvage value of $13000 was purchased for $77000. What is the d

epreciation expense for year 2 under straight-line depreciation
Business
1 answer:
Aleonysh [2.5K]3 years ago
3 0

Answer:

Annual depreciation= $16,000

Explanation:

Giving the following information:

Purchase price= $77,000

Useful life= 4 years

Salvage value= $13,000

Under the straight-line method, the depreciation expense remains constant during the life of the asset.

<u>To calculate the depreciation expense, we need to use the following formula:</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (77,000 - 13,000) / 4

Annual depreciation= $16,000

You might be interested in
Ricardo pays the following taxes during the year: Ricardo's Taxes Taxes Amounts Real estate taxes on his personal residence $2,5
exis [7]
The answer is 5,000bdbrbgvtvdhdudidjrbrbfbtbfjf
7 0
4 years ago
Piper, a US citizen owns 100% of the stock of FORco, a foreign manufacturing and sales subsidiary. In 2020, FORco had $10 millio
ss7ja [257]

Answer:

$70000

Explanation:

We have been give in this question that a 100 percent of FORcos share belongs to piper. He owns a 100 percent fully. Piper has to include that which he deposited. 7 million dollars of 2 percent

= 7million dollars x 1 percent

= 7000000 x 0.01

= $70000

So piper has to include in gross income her share of FORcos f income for investment in united states property and this has been calculated as 70000

5 0
3 years ago
Borden Inc. offers pasta snacks grocery and dairy items as well as films adhesives another nonfood products these products are r
Oksana_A [137]
<span>product mix
 Product mix, also known as product assortment, is the total number of product lines that a company offers to its customers. The product lines may range from one to many, and the company may have many products under the same product line as well.</span>
7 0
3 years ago
Carly deposited $800 in an account that earns 6% compounded annually. Lara deposited $800 in an account that earns 6% simple int
LiRa [457]

Answer:

Carly will have $1,433 in her account at the end of 10 years.

Lara will have $1,280 in her account at the end of 10 years.

Explanation:

Simpe interest pays the simple trust on the principal amount. There is no reinvestment of interest.

In compounded Interest the Interest earned from the investment is reinvested and again interest on principal and interest amount reinvested is earned.

Carly Deposit balance

Principal amount = $800

Blance after 10 years = $800 ( 1+ 6% )^10 = $800 x 1.791 = $1,433

Lara Deposit balance

Principal amount = $800

Amount of Interest for 10 years = 800 x 6% x 10 = $480

Blance after 10 years = $800 + $480 = $1,280

7 0
3 years ago
Pam bought Mississippi State Lottery tickets. Several days later, she learned that someone had won the lottery but that the winn
nikdorinn [45]

No, Pam will not succeed.

<u>Explanation:</u>

Pam will not succeed in the case in which she had sued the lottery office for claiming her lottery money which she had won. The reason for this is that she had lottery ticket.

And the rules of the contract of the lottery say that the ticket of the lottery must be shown if the amount of the lottery has to be claimed by the winner. Since Pam had accepted that rule when she had entered in to the contract, so now she has no right to sue the lottery office.

5 0
3 years ago
Other questions:
  • Brand managers know that increasing promotional budgets eventually result in diminishing returns. The first one million dollars
    5·1 answer
  • On february 1, pinn corp., paid $40,000 in advertising expenses for ads that will run in a periodical for the entire calendar ye
    14·1 answer
  • Although equity theory suggests that both partners who are overbenefited and underbenefited feel uncomfortable, the partner who
    13·1 answer
  • Which is a business likely to need to secure startup capital from a venture capitalist?
    13·2 answers
  • Presented here are long-term liability items for Skysong, Inc. on December 31, 2017.
    13·1 answer
  • Suppose the following transactions occur during the current year:1. Darnell orders 50 bottles of champagne from a French distrib
    9·1 answer
  • Management of Mittel Rhein AG of Köln, Germany, would like to reduce the amount of time between when a customer places an order
    10·1 answer
  • At December 31, Sunrise Company’s inventory records indicated a balance of $654,000. Upon further investigation it was determine
    12·1 answer
  • How will the aggressive e-commerce plan implemented by Walmart affect operations at its retail locations
    12·1 answer
  • lee, a maryland licensee, has a buyer client who asks for recommendations for home improvement contractors. lee gives her client
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!