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tensa zangetsu [6.8K]
2 years ago
13

Redeker Company purchased equipment on January 1, 2016, for $90,000. It is estimated that the equipment will have a $5,000 salva

ge value at the end of its 5-year useful life. It is also estimated that the equipment will produce 100,000 units over its 5-year life. 16,000 units of product are produced in 2016 and 24,000 units are produced in 2017.
Compute the amount of depreciation expense for the year ended December 31, 2016, using the straight-line method of depreciation.
Business
1 answer:
mr Goodwill [35]2 years ago
6 0

Answer:

$17,000

Explanation:

The computation of the amount of the depreciation expense using the straight-line method is shown below:

= (Purchase value of an equipment - estimate salvage value) ÷ (useful life)

= ($90,000 - $5,000) ÷ (5 years)

= ($85,000) ÷ (5 years)  

= $17,000

All other information which is given is not relevant. Hence, ignored it

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jenyasd209 [6]
Your answer would be C because you gotta be ive if you wanna be in journalism and broadcasting
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2 years ago
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Given a stock index with a value of $1,200, an anticipated dividend of $45, and a risk-free rate of 6%, what should be the value
kramer

Answer: $1,227

Explanation:

The value of the futures contract should be calculated by the formula;

= Stock Index Value * ( 1 + risk free rate ) - dividends

= 1,200 * ( 1 + 0.06) - 45

= $1,227

8 0
2 years ago
Dorothy (an audit manager) has been assigned to the audit of Tandem Electric, Inc. Dorothy is concerned that Joanne, a friend fr
Helga [31]

Answer:

c. Dorothy should consider the threats to her independence and whether safeguards may be applied that reduce the threat(s) to an acceptable level.

Explanation:

The best application of the AICPA conceptual framework approach in this scenario is that: Dorothy should consider the threats to her independence and whether safeguards may be applied that reduce the threat(s) to an acceptable level.

<u>The threat of independence in the scenario is not high enough to warrant the resignation of Dorothy from the audit team because her friend is not the Finance Director or person in charge of primary preparation of the financial statements but just a member in the internal audit team, hence the risk to her independence is relatively moderate.</u>

Dorothy already believes that she will be objective, hence she should consider the threats to her independence and whether safeguards may be applied that reduce the threat(s) to an acceptable level.

7 0
2 years ago
You have a $50,000 portfolio consisting of intel, ge, and con edison. you put $20,000 in intel, $12,000 in ge, and the rest in c
DanielleElmas [232]
The calculation of portfolio beta is done by simply multiplying the percentage of each portfolio with each beta and summing up all the products afterwards.

For intel:
     = ($20,000/$50,000)(1.3) = <em>0.52</em>

For GE:
    = ($12,000/$50,000)(1) = <em>0.24</em>

For Con Edison:
   Portfolio of Con Edison = $50,000 - ($20,000 + $12,000) = <em>$18,000</em>
   = ($18,000/$50,000)(0.8) = <em>0.288

</em>
<em />The portfolio beta is:
<em>   </em><em />PB = 0.52 + 0.24 + 0.288 = 1.048

<em>ANSWER: 1.048</em>
5 0
2 years ago
A barber shop produces 192 haircuts a day. Each barber in the shop works 8 hours per day and produces the same number of haircut
ladessa [460]

Answer:

Number of barbers= 12 barbers

Explanation:

Giving the following information:

A barbershop produces 192 haircuts a day. Each barber in the shop works 8 hours per day and produces the same number of haircuts per hour. The shop’s productivity is 2 haircuts per hour of labor.

First, we need to calculate the total number of haircuts per barber:

Number of haircuts= 2*8= 16

Now, we can determine the number of employees:

Number of barbers= 192/16= 12 barbers

6 0
2 years ago
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