The asset's book value is $70,000 on july 1, year 3. on that date, management determines that the asset's salvage value should be $5,000 rather than the original estimate of $10,000. based on this information, the amount of depreciation expense the company should recognize during the last six months of year 3 would be:
a. $8,125.00
b. $7,375.00
c. $4,062.50
d. $3,750.00
e. $7,812.50
Answers: 1
Business, 22.06.2019 06:30
If a team of three workers, each making the u.s. federal minimum wage, produced these 12 rugs, what would the total labor cost be? don't forget that these workers would be working overtime.
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Business, 22.06.2019 17:30
What is the sequence of events that could lead to trade surplus
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Business, 22.06.2019 20:00
Ryngard corp's sales last year were $38,000, and its total assets were $16,000. what was its total assets turnover ratio (tato)? a. 2.04b. 2.14c. 2.26d. 2.38e. 2.49
Answers: 1
Business, 22.06.2019 23:50
Harris fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. at the beginning of the year, it estimated that 34,000 direct labor-hours would be required for the period’s estimated level of production. the company also estimated $599,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. harris's actual manufacturing overhead for the year was $768,234 and its actual total direct labor was 34,500 hours.required: compute the company's predetermined overhead rate for the year. (round your answer to 2 decimal places.)
Answers: 2
The asset's book value is $70,000 on july 1, year 3. on that date, management determines that the as...
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