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nekit [7.7K]
2 years ago
3

Holly, Inc. Has a building that originally cost $435,000. Holly expects to be able to sell the facility for $206,000 at the end

of its useful life. The balance of the related Accumulated Depreciation account is $117,000. The depreciable cost of the facility is:
Business
1 answer:
Phoenix [80]2 years ago
8 0

Answer:

$229,000

Explanation:

Depreciable Cost = Cost - Residual Value

Depreciable Cost = $435,000 - $206,000

Depreciable Cost = $229,000

Thus, the depreciable Cost of the facility is $229,000. The depreciable cost is the cost of an asset that can be depreciated over time

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Berry, the seller, wants Paul, the broker, to change from a single agency relationship to a transaction broker. Paul agrees to d
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Before the listing agreement is signed.

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A ________ is a digital media file produced and distributed via real simple syndication (rss) for playback on a variety of fixed
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2 years ago
You publish a magazine for calculator collectors. to produce and distribute this magazine, you use a number of inputs: • compute
LekaFEV [45]

Answer: D

Options included in the questions are:

“A. The demand for the magazine shifts to the left, and the supply curve shifts to the right. The equilibrium price falls, with an unknown change in the equilibrium quantity.

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4 0
2 years ago
Read 2 more answers
Vince Lupino works for Best Supplies Company, which pays its employees time and a half for all hours worked in excess of 40 hour
ZanzabumX [31]

Answer and Explanation:

As per the given question the solution of given points is given here:-

a. Regular pay for the week = Rate of pay × Hours per week

= $12 × 40 hours

= $480.00

b. Overtime pay for the week = Rate of pay × 8 hours × 1.5 times

= $12 × 8 hours × 1.5 times

= $144.00

c. Total gross wages = (Social security withheld + Medicare tax withheld + Federal income tax withheld + Net pay)

= $38.69 + $9.05 + $54 + $522.6

= $624.00

d. Social security withheld = Total gross wages × Social security tax

= $624 × 6.2%

= $38.69

e. Medicare tax withheld = Total gross wage × Medicare tax rate

= $624 × 1.45%

= $9.05

f. Total withholding = Social security withheld + Medicare tax withheld + Federal income tax withheld

= $38.69 + $9.05 + $54

= $101.74

g. Net pay = Total gross wages - Total withholding

= $624.00 - $101.74

= $522.26

2. The Journal entry is here below:-

Wage Expense Dr, 624  

      To Social security taxes payable $38.69

      To Medicare Tax Payable $9.05

      To Federal Income Tax Payable $54

      To Wages Payable $522.26

(Being the payroll is recorded)

4 0
2 years ago
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