subject
Business, 20.06.2020 00:57 sokalotus3448

An asset was purchased for $131,000.00 on January 1, Year 1 and originally estimated to have a useful life of 11 years with a residual value of $8,500.00. At the beginning of the third year, it was determined that the remaining useful life of the asset was only 4 years with a residual value of $2,200.00. Calculate the third-year depreciation expense using the revised amounts and straight line method.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 13:20
Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.
Answers: 1
question
Business, 22.06.2019 16:10
From what part of income should someone take savings?
Answers: 2
question
Business, 22.06.2019 22:30
The answer here, x=7, is not in the interval that you selected in the previous part. what is wrong with the work shown above?
Answers: 1
question
Business, 23.06.2019 01:50
Consider a firm with a contract to sell an asset for $149,000 four years from now. the asset costs $85,000 to produce today. a. given a relevant discount rate of 14 percent per year, calculate the profit the firm will make on this asset. (a loss should be indicated by a minus sign. do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. at what rate does the firm just break even?
Answers: 3
You know the right answer?
An asset was purchased for $131,000.00 on January 1, Year 1 and originally estimated to have a usefu...
Questions