Business, 30.04.2021 02:20 larahanna

Please help or going to jump off a really high bridge Gates Gems bought a computer on January 1st in the amount of $5,000. It will be used by the company for 3 year and will have a salvage value of $200. What is the annual depreciation expense?

Gates Gems bought a computer on July 1st in the amount of $5,000. It will be used by the company for 3 year and will have a salvage value of $200. What is the depreciation expense that Gates Gems will record?

Karen’s Flower Shop purchased a delivery van in the amount of $12,000 on January 1st. The van has a useful life of 5 years and an estimated salvage value of $800. What is the annual depreciation expense?

Karen’s flower shop purchased a new floral cooler on August 1st in the amount of $8,900. She expects the cooler to last approximately 4 years at which time it’s value will be $1,200. What is the depreciation expense that Karen will record?

Michael’s Diner purchased new booths on January 1st for the seating area. The cost of the booths was $2,570. Michael determined that the booths wouldn’t be worth anything at the end of their useful life, which would be 5 years. What is the annual depreciation expense for the booths?

Michael’s diner purchased a delivery truck on February 1st in the amount of $10,000. The estimated useful life is 6 years and the salvage value is $500. What is the depreciation expense that Michael will record?

Ieshah’s Ice Cream Shoppe purchased a new freezer for the storeroom on October 1st for $6,500. Ieshah expects the freezer to last 5 years. The salvage value is $600. What is the depreciation expense Ieshah will record?

ABC Corporation bought a conference room table on January 1st in the amount of $2,800. It will be used by the company for 5 years and will have a salvage value of $400. What is the annual depreciation expense?

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 14:50, tiahna1g

The maximum amount of money that a consumer can charge on a credit card is called the

Answers: 2

continue

Business, 22.06.2019 17:40, gabe2111

Take it all away has a cost of equity of 11.11 percent, a pretax cost of debt of 5.36 percent, and a tax rate of 40 percent. the company's capital structure consists of 67 percent debt on a book value basis, but debt is 33 percent of the company's value on a market value basis. what is the company's wacc

Answers: 2

continue

Business, 22.06.2019 23:40, valenciafaithtorres

Martha is one producer in the perfectly competitive jelly industry. last year, martha and all of her competitors found themselves earning economic profits. if there is free entry and exit, what do you expect to happen to the number of suppliers in the industry and the price of jelly? the number of suppliers will increase, and the price of jelly will fall. the number of suppliers will decrease, and the price of jelly will increase. the number of suppliers will increase, and the price of jelly will increase. the number of suppliers will decrease, and the price of jelly will fall.

Answers: 3

continue

Business, 23.06.2019 02:30, nauticajanke03

The wall street journal reported that over a recent five-month period, a downturn in the economy has caused endowments to decline 23%. what is the estimate of the dollar amount of the decline in the total endowments held by these 10 universities (to the nearest billion)?

Answers: 3

continue

You know the right answer?

Please help or going to jump off a really high bridge Gates Gems bought a computer on January 1st...