Mr. Algazi provides the information his client has requested through a voice message.

Windsor Hospital purchases $90,000 in surgical equipment on October 1, Year 1. The useful life is estimated to be 5 years, and t

AVprozaik [17]

Answer:

The depreciation expense for year 1 is $16,000

Explanation:

Depreciation: The depreciation was occurred due to tear and wear, obsolesce, time period, etc

Under the straight-line method, the depreciation should be charged with the same amount over the useful life.

The calculation is shown below:

= $\dfrac{(original\ cost - residual\ value)}{(useful \ life)}$

= $\dfrac{(\$90,000 - \$10,000)}{(5 \ years)}$

= $16,000

The depreciation should be charged for $16,000 in year 1. Moreover, it is shown in the income statement in the debit side and in the cash flow statement also.

5 0

2 years ago

If employees of Washburn guitars want to travel to Asia to meet with guitar craftspeople, what is the best choice of who to send

jasenka [17]

Answer:

The answer is "The group of a range of age, color, sexual orientation, financial backgrounds, employment and age differences".

Explanation:

In the given-question, the above answer is correct because the team represents a wide community of gender, ethnicity, gender identity, income levels, academic attainment, and also includes the disparities across generations, although diversity spans race and gender, and presentation must be granted to all types of people, that's why the diversity is a big factor in the visit.

3 0

2 years ago

Read 2 more answers

Trell Corporation transferred $55,000 of accounts receivable to a local bank. The transfer was made without recourse. The local

e-lub [12.9K]

Answer:
Trell will show an amount receivable from factor equal to 20, 010 dollars.
Explanation:
NON recourse factoring is when a company sells it's invoices to a factor, without the promise that the company will buy back any uncollected invoices. The factor does not take the risk of any uncollected invoices.
So in this factoring arrangement no allowance for bad debt exist

6 0

2 years ago

A company issued 5-year, 7% bonds with a par value of $500,000. The market rate when the bonds were issued was 6.5%. The company

san4es73 [151]

Answer:

The correct answer is $17,000.

Explanation:

According to the scenario, the given data are as follows:

Bonds percent = 7%

Par value of bonds = $500,000

Market rate = 6.5%

Cash received = $505,000

So, we can calculate the amount of recorded interest for semiannual interest period by using following formula:

First we calculate the premium on bonds,

So, Premium on bonds = Cash received - Par value of bonds

= $505,000 - $500,000

= $5,000

So, straight line amortization = Premium on bonds ÷ years

= $5,000 ÷ 5

= $1,000

So, Amount of interest expense for first semiannual is as follows:

Amount of interest = ( Par value of bonds × Bonds percent ) ÷ 2 - (straight line amortization ÷ 2)

= ( $500,000 × 7% ) ÷ 2 - ( $1,000 ÷ 2 )

= $17,500 - $500

= $17,000.

4 0

2 years ago

Total revenue for producing 8 units of output is $48. Total revenue for producing 9 units out output is $63. Given this informat

Firlakuza [10]

Answer:

D. Marginal revenue for producing the 9 units is $15

Explanation:

TR(8) = $48

TR(9) = $63

MR(9) = TR(9) - TR(8) = $63 - $48 = $15

AR(8) = TR(8) / 8 = $48/8 = $6

AR(9) = TR(9)/9 = 63/9 = $9

Note: TR=Total revenue, AR= Average Revenue and MR=Marginal Revenue

So, the only correct option is option d

8 0

1 year ago