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Dahasolnce [82]
3 years ago
12

Cardco Inc. has an annual accounting period that ends on December 31. During the current year a depreciable asset that cost $46,

000 was purchased on September 2. The asset has a $4,800 estimated salvage value. The company uses straight-line depreciation and expects the asset to have a four-year life. What is the total depreciation expense for the current year?
Business
1 answer:
nexus9112 [7]3 years ago
6 0

Answer:

$3,433.33

Explanation:

Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.

It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset

Mathematically,  

Depreciation = (Cost - Salvage value)/Estimated useful life

Annual depreciation

= ($46000 - $4800)/4

= $10,300

In the current year, the asset would only be depreciated for 4 months

= 4/12 * $10,300

= $3,433.33

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The market demand curve would be 1000 - 0.125Q.

<h3>How to calculate the demand curve?</h3>

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Danielle's is a furniture store that is considering adding appliances to its offerings. Which of the following should be conside
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I, II, and IV

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