subject
Business, 13.08.2020 20:01 tamerrapittsoy4ii6

El Tapitio purchased restaurant furniture on September 1, 2018, for $30,000. Residual value at the end of an estimated 10-year service life is expected to be $4,500. Calculate depreciation expense for 2018 and 2019, using the straight-line method, and assuming a December 31 year-end.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:00
Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.
Answers: 1
question
Business, 22.06.2019 00:40
The silverside company is considering investing in two alternative projects: project 1 project 2 investment $500,000 $240,000 useful life (years) 8 7 estimated annual net cash inflows for useful life $120,000 $40,000 residual value $32,000 $10,000 depreciation method straightminusline straightminusline required rate of return 11% 8% what is the accounting rate of return for project 2? (round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, x.xx%.)
Answers: 3
question
Business, 22.06.2019 16:40
Job 456 was recently completed. the following data have been recorded on its job cost sheet: direct materials $ 2,418 direct labor-hours 74 labor-hours direct labor wage rate $ 13 per labor-hour machine-hours 137 machine-hours the corporation applies manufacturing overhead on the basis of machine-hours. the predetermined overhead rate is $14 per machine-hour. the total cost that would be recorded on the job cost sheet for job 456 would be: multiple choice $3,380 $5,298 $6,138 $2,622
Answers: 1
question
Business, 22.06.2019 22:40
When immigration adds to the size of the domestic labor pool, which of the following is likely to occur? a. wages decrease. b. productivity increases. c. consumption decreases. d. minimum wage increases.
Answers: 1
You know the right answer?
El Tapitio purchased restaurant furniture on September 1, 2018, for $30,000. Residual value at the e...
Questions
question
Mathematics, 20.03.2021 01:00
question
Mathematics, 20.03.2021 01:00
question
Mathematics, 20.03.2021 01:00
question
Mathematics, 20.03.2021 01:00
question
Mathematics, 20.03.2021 01:00
question
Mathematics, 20.03.2021 01:00
Questions on the website: 13722363