NC Office Supply purchased a heating system on September 1, 2019, for$18,500. The estimated salvage (disposal) value is $500 and the estimated useful life is 10 years. What is the accumulated depreciation at the end of 2021

Answers

Answer 1

Answer:

Accumulated deprecation [End of 2021] = $4,200

Explanation:

Given:

Purchase cost on [1 sep 2019] = $18,500

Salvage value = $500

Number of year = 10 year

Find:

Accumulated deprecation [End of 2021]

Computation:

Amount of depreciation per year = [Purchase cost - Salvage value] / Number of year

Amount of depreciation per year = [18,500 - 500]10

Amount of depreciation per year = $1,800

Accumulated deprecation [End of 2021] = Depreciation in 2019 + Depreciation in 2020 + Depreciation in 2021

Accumulated deprecation [End of 2021] = [1,800(4/12)] + 1,800 + 1,800

Accumulated deprecation [End of 2021] = 600 + 1,800 + 1,800

Accumulated deprecation [End of 2021] = $4,200


Related Questions

The Economist Intelligence Unit rankings of the world’s top education systems,

which combine international test results and data such as graduation rates,

showed that two contrasting economies topped the league table: Finland

and South Korea. The report concluded that while the amount of spending on

education is important, it is less influential than an economy having a culture

that is supportive of learning. Education in Finland is 100 per cent state funded

and is rather unorthodox given that students don’t start schooling until 7

and rarely have tests or homework until their teenage years. In South Korea,

education is crucial for success, so there are huge pressures placed on students, who start school aged 3. Testing is regular and rigorous, making after-school private tuition classes extremely popular. According to the report, the top 10 countries were ranked as follows:

 

1. Finland

2. South Korea

3. Hong Kong

4. Japan

5. Singapore

6. UK

7. Netherlands

8. New Zealand

9. Switzerland

10. Canada

 

a. Explain how scarce resources are allocated in a mixed economy. [4]

b. Discuss whether education should be funded by the government. [8]​

Answers

I confused on what the question is

A baked goods company asked focus group participants to first privately taste and rate the flavor of the pastry on a number of characteristics and then discuss their reactions with other focus group participants. This is an example of: Conducting product testing simultaneously. Conducting primary and secondary research concurrently. Conducting quantitative and qualitative research simultaneously. Conducting market tests and taste tests concurrently.

Answers

Answer:

Conducting quantitative and qualitative research simultaneously.

Explanation:

Qualitative research is used to obtain the opinions of a target group about a particular subject mostly by use of open ended questions to gain information on non numerical data. It can be used to gather experiences or insights on an area of interest.

In this case the group participants are tasting the pastries and discussing their reactions. This is qualitative research.

Quantitative reseat on the other hand has to do with with numerical data and statistics.

In this case where the flavour of pastries are being rated it is quantitative research.

For example a rating of 9/10 can be given to a party flavour

1. The main characteristic of a full-service advertising agency is that it A. does not limit its services to promotion. B. does not provide services to individuals. C. specializes in providing creative services. D. specializes in buying media time and space.

Answers

Answer:

A.

Explanation:

Full-service advertising agency is an agency that is meant to handle all aspects of business, that is, advertising, marketing, and promotion. The other services that a full-service advertising agency provides are strategic planning, content marketing, SEO, production, creativity, social media marketing, etc.

The characteristic of a full-service advertising agency listed in the given options is that it is not limited to promotional activities only. As the name suggests, it offers full-fledged marketing service.

Therefore, option A is correct.

What is the first step in deriving depreciation using the abstraction method? Gather data for all recently sold comparables for the purpose of estimating their reproduction costs. Gather data for all comparables to establish the historic high price paid for similar properties. Gather data on comparable neighborhoods for the purpose of estimating resale value. Gather data on comparable listings that have not sold in the same neighborhood.

Answers

Answer:

Gather data for all recently sold comparables for the purpose of estimating their reproduction costs.

Explanation:

Depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.

An abstraction method involves subtracting the value that is required to substitute or replace improvements based on the market's depreciation. Thus, it requires the use of comparable sales to estimate the value of a particular property by subtracting its value from the total sales price of the property.

Hence, the first step in deriving depreciation using the abstraction method is to gather data for all recently sold comparables for the purpose of estimating their reproduction costs.

Additionally, the Modified Accelerated Cost Recovery System (MACRS) can be defined as a depreciation system that avails business owners or companies the ability and opportunity to recover or recoup the cost basis of physical assets that have experienced deterioration over a specific period of time.

In the United States of America, the Modified Accelerated Cost Recovery System (MACRS) is used mainly for tax purposes because it gives room for faster depreciation of a physical asset in its first years or initial usage and reduces depreciation as it is being used over a long period of time.

Ronald Coase's ideas on property rights have helped economists and policymakers better understand environmental problems. Identify the true statement regarding Coase and property rights

Answers

Coase argued that the assignment of property rights to someone is essential.

4. You earn $64,000 per year. The government takes 35% in taxes.
a) What's your monthly net pay?
b) You have four months to save for a $3,000 car downpayment. If you save 20% of your net pay
each month, can you reach your savings goal?

Answers

Answer:

Explanation:

35% of $64,000 is $22,400

Yes you can cause if you save 20% of your monthly net pay in 4 months your gonna have $17,920

A representative gives a seminar to investors, making a presentation about successful hedge fund strategies. It is attended by 10 retail clients and 20 institutional clients. FINRA defines this as:

Answers

Answer:

A representative gives a seminar to investors, making a presentation about successful hedge fund strategies. It is attended by 10 retail clients and 20 institutional clients. FINRA defines this as: a retail communication.

Explanation:

Hope this helps!

Mark me as Brainlineast.

One strength of the team leadership model is ______. a. its complexity b. its application to real-life organizations c. changes in leaders disrupt the team process d. it provides specific answers to specific problems

Answers

Answer:

B. its application to real-life organizations

Explanation:

The answer to this is most likely B because the strength of the team leadership model is application to real-life organizations.

IM GONNA CRY MY EYES OUT PLEASE HELP ME Type the correct answer in the box. Spell the words correctly.
Debt Capital
$80,000
Income before interest and tax $50,000
Interest on debt capital 5%
Tax rate
40%
What is the net savings on the interest calculated after tax?
The after-tax cost of debt capital is
percent

Answers

Answer: 3%

Explanation:

Interest is tax deductible which means that companies are charged taxes only after they pay off the interest they owe on debt.

In order to calculate the after-tax cost of debt, use the following formula:

= Interest rate * ( 1 - tax rate)

= 5% * ( 1 - 40%)

= 3%

Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of material, $5.20 and standard costs for 4,470 pounds of material at $6.20 per pound. What is the direct materials quantity variance

Answers

Answer:

-4670 Favorable

Explanation:

actual- standard = variance

variance * actual lbs of material

5.2-6.2=-1*4670=-4670 Favorable

As a manager, you want to praise a team member, Phil, for doing a good job on a particular project. However, you know he tends to be an introvert. Which communication method would Phil be most comfortable with

Answers

Praise phil in private

If licensee A representing a party cannot attend a closing and the employing broker B sends another licensee C in his place, which party or parties is responsible for the accuracy of the closing statement?

Answers

Answer:

B sends another licensee

Hope this answer helps you :)

Have a great day

Mark brainliest

A _____ consists of several companies acting together in a highly organized and efficient manner, while employing the same or similar techniques as a single vertically integrated company.

Answers

Answer:

A [ supply chain ] consists of several companies acting together in a highly organized and efficient manner, while employing the same or similar techniques as a single vertically integrated company.

Which is the most liquid asset?
A) jewelry
B) change jar
C) car
D) lake house

Answers

A liquid asset is something you own that can quickly and simply be converted into cash while retaining its market value. Some examples of assets that would be considered liquid are: Cash, checking or savings accounts. So i’m guessing the answer is B) change jar.

True or false: Many companies are discontinuing defined-benefit plans and moving toward defined-contribution plans, which shifts more responsibility to the company for providing retirement benefits.

Answers

Answer:

False

Explanation:

A defined benefit pension plan is a type of pension plan where the employer gives a promise with respect to the particular pension payment that could be lumpsum for the retirement basis

Since in the question it is mentioned that the companies would not continue with the defined benefit plan and they move to the defined-contribution plans that save for the retirement so that it would create the more responsibility over the company due to this they would provide the retirement benefit but this statement is false as it is better to received the lumpsum amount

what is air conditioner and how does its work?​

Answers

Answer:

is a system used to cool down the temperature in an inside space by removing the existing heat and moisture from the room. ... Your air conditioner quickly converts gas into a liquid and back again using chemicals that remove the warm air from inside your home.

A $20 bill features which of the following on the reverse?

Answers

Answer:

The United States twenty-dollar bill ($20) is a denomination of U.S. currency. A portrait of Andrew Jackson, the seventh U.S. president (1829–1837), has been featured on the obverse of the bill since 1928; the White House is featured on the reverse.

hope this helps

have a good day :)

Explanation:

what is the primary purpose of a mission statement​

Answers

Answer: A mission statement is a concise explanation of the organization's reason for existence. It describes the organization's purpose and its overall intention. The mission statement supports the vision and serves to communicate purpose and direction to employees, customers, vendors and other stakeholders.

What is everyone planning to do this summer?

Answers

Answer:

read, relax, try to sleep in as long as I want, work out, and eat lol

have a good day :)

Explanation:

any five differences between partnership
and Joint Stock company​

Answers

Partnership firms has no separate legal existence. Partnership Firm and partners are the same. Joint Stock company has separate legal existence. It is an artificial person created by law.

here's your answer..

A media buyer places an ad for a new range of wines in four different magazines. The first magazine provides roughly 3,600,000 exposures, the second magazine provides about 950,000 exposures, and the third and fourth provide 100,000 exposures each. The buyer now can inform the client at the winery of ___________ expected for the ad, that is, 4,750,000 exposures.

Answers

Answer:

Gross impressions

Explanation:

It sum up the total number of the audience (impressions) that the new range of wines reaches.

Penny bought a juice squeezer for $10. She can make a bottle of orange juice for a cost of $0.75, and she sells her orange juice for $1.85 per bottle. Which of the following graphs best illustrates Penny’s situation? I.A graph has bottles on the x-axis and cost (dollars) on the y-axis. The cost line goes through (0, 10) and (3, 12.5) and the revenue line goes through (0, 0) and (4, 7.5). The cost and revenue lines intersect around (9, 17.5). II.A graph has bottles on the x-axis and cost (dollars) on the y-axis. The cost line goes through (0, 10) and (3, 12.5) and the revenue line goes through (0, 10) and (4, 17.5). The cost and revenue lines intersect around (0, 10). III.A graph has bottles on the x-axis and cost (dollars) on the y-axis. The cost line goes through (0, 10) and (13, 9) and the revenue line goes through (0, 0) and (4, 7.5). The cost and revenue lines intersect around (5, 9.5). IV.A graph has bottles on the x-axis and cost (dollars) on the y-axis. The cost line goes through (0, 10) and (8, 25) and the revenue line goes through (0, 0) and (10, 7.5). a. I b. II c. III d. IV
The answer is A! F ree points!

Answers

Answer:

A

Explanation:

good luck!!

Answer:

A

Explanation:

Kameron, Candice and Leo were members of an LLC, Printing Unlimited, LLC (PU). They leased a digital printing press for their company. Press Sales, Incorporated (PSI), the company that manufactured and leased the printing press to them, required personal guarantees from each of them as a requisite leasing the press. What will be required of Kameron, Candice and Leo

Answers

The requirement of Kameron, Candice, and Leo should be for pledging the personal assets in order to give the guarantee for the payment obligations with respect to the PU.

The information related to the pledged asset is as follows:

A pledged asset is a valuable possession that could be transferred to the lender in order to secure the debt or a loan. The pledged asset should be considered as collateral that could be held by a lender and in return, it is for lending the funds. Also, it can decrease the down payment that should be needed for the loan along with this if there is any change in the interest rate so the same should be decreased.

Therefore we can conclude that, the requirement done by these three people is needed for pledging the personal assets in order to give the guarantee for the payment obligations with respect to the PU.

Learn more about the LLC here: https://brainly.com/question/1214636

All of these careers may require you be good with numbers.
A.
True
B.
False

Answers

Answer:

A LOT of careers need math to operate them

Explanation:

Hope this helps

The answer is A I hope it’s right

Your high school transcript will include each of these items EXCEPT...


The name of your school

Your GPA calculated with all of the courses you’ve taken so far

A list of your test and quiz grades in each course

The courses you’ve taken and when you took them

Answers

Answer:

a list of your test and quiz grades in each course

Explanation:

a list of your test and quiz grades in each course

I think a List of your test and quiz grades in each course
Hope that helped

A person has $120 to spend on two goods (x and y) whose respective prices are $3 and $5 per unit. (a) Draw the budget line showing all the different combinations of the two goods that can be bought with the given budget. (b) What happens to the budget line if the budget (money available to spend) falls by 25%. (c) What happens to the budget line if the price of good x doubles? (d) What happens to the budget line if the price of good y falls to $4?

Answers

Answer:

Price of good x is $3

Price of good y is $4

how does the financial system minimizes individual risk?

Answers

Answer:

To manage credit risk, the organization has to maintain credit exposure within the allowed bounds. One successful technique is via a risk assessment algorithm that evaluates how much a bank stands to lose on loan portfolio. Furthermore, loan choices are frequently dependent on the potential borrower's credit score and report.

Explanation:

Hope this helps!

Please mark me as Brainlinieast.


[tex]x(a - b) + (b - a)[/tex]

Answers

Explanation:

x(a-b)+(b-a)ax-bx+b+aax-a-bx+ba(x-1)-b(x-1)(x-1)(a-b)

yr answer...

Melting
Ice absorbed heat when heated. The particles obtain ???and vibrate???. The heat os use to overcome the ???? between the particles.

Freezing
Water released heat when cooled. Particles ???energy.and move slower. ​

Answers

Explanation:

energy

freely

molecular bond

give off

A company had the following purchases during its first year of operations: Purchases January: 10 units at $120 February: 20 units at $125 May: 15 units at $130 September: 12 units at $135 November: 10 units at $140 On December 31, there were 26 units remaining in ending inventory. Using the periodic FIFO inventory costing method, what is the cost of the ending inventory

Answers

Answer:

145

Explanation:

the price grows 5 dollars each month

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Cathay Pacific Airlines determined that many travelers were avoiding Hong Kong because of lengthy delays at immigration. The company addressed the problem by helping the Government to hire additional inspectors. This is an example: Read the following sentence from the passage.A lanky, bearded man with a sack on his shoulder dashed past us like a bolt of lightning.What does the author's choice of words above suggest about the thief's actions? correct - A. The thief was suited to run extremely fast. B. The thief was able to hide to avoid being found. C. The thief was weighed down and unable to walk easily. D. The thief limped as though he had been injured. A number is chosen at random from 6 to 25. Find the probability of selecting an even number or multiple of 3. How does the product of two fractions lessthan 1 compare with the two fractionsbeing multiplied? Is the product greaterthan, less than, or equal to each fraction?How do you know? What laws did the Nazis create against Jewish people?The application of racial and eugenic laws and policies in Nazi GermanyTargeted groups A ship moves 330 m after 40,000 j of work is done on it. What force is used to do this work? You have at most 8 hours to spend at a concert and at park. You want to spend at least 3 hours at the concert and more than 4 hours at the park. Find the slope of the line parallel to the line graphed.A) -1B) 0C) 1D) undefined Conscription into the armed forces is no longer practiced in the United States. Choose the best synonym for the underlined word in the sentence above. a. Drafting c. Commitment b. Running d. Women What 1 and 2 and 1 and 11 The lengths of the 2 diagonal of a rhombus are 24cm and 32cm what is the length of one side of the rhombus. Based on your answer to the first question, what were the specific causes of China's economic turn around? Find the mean (average) of {22, 24, 13, 37, 20. 16} Read the excerpt below and answer the question.I was powerful glad to get away from the feuds, and so was Jim to get awayfrom the swamp. We said there warn't no home like a raft, after all. Other places doseem so cramped up and smothery, but a raft don't.This excerpt provides an example of a(n)oxymoronallusionhyperboleparadox The managers of a brokerage firm are interested in finding out the effects of number of new clients that a broker brings into the firm on the sales generated by them. They sample 10 brokers and identify the number of new clients they have enrolled in the last year and their sales amounts in thousands of dollars. These data are presented in the table that follows: Broker Clients(X) Sales(Y) Calculation shows that 1. 27 52 n=10 2. 11 37 X = 260 3. 40 64 Y= 480 4. 33 55 X2= 7594 5 15 29 Y2= 24276 6. 15 34 XY =13377 7. 25 58 SSX =(X-Xbar)2 =834 8. 36 59 SST=(Y-ybar)2 = 1236 9. 28 44 SSE = (Y Yhat)2=271.241 10. 30 48 (i) Assuming a linear relationship, what is the prediction for the amount for sales (in $1,000s) for a person who brings 25 new clients into the firm? (ii) Calculate the standard error of estimate and interpret the result. (iii) Test at 5% level of significance that the number of new clients that the broker have enrolled in the last year is significant predictor of their sales amount. Completing Form 1040EZDirections - Please complete the Form 1040EZ below based on the following information:Tameka Hunt, 54 Center Street, San Francisco, California 96214-3627Her Social Security number is 999-00-3833. She works as a cashier part-time at PublixSupermarket. She is not claimed on another person's return. According to her W2, she earned$12,675.00 on last year.She is single and claims herself as an exemption. She has $155.00 in Taxable interest she earnedon a Certificate of Deposit. In addition, she had a total of $825.00 withheld in taxes. In addition,Tameka would like her refund to be direct deposited into her personal checking account. Shebanks with First California Bank. The banks routing number is 123321456. Her account numberis 654789987. Based on this information, complete the 1040EZ form for Tameka. (An IRS TaxTable is attached). Prompt: Research one sport played in another country (Cricket, Hurling, Netball, etc.). Describe how the sport is played. Then describe how learning a new sport from another country can help you understand their culture. The graph shows a linear function.10!8642-10-8-6-4-32410-6-104Which table of values has a smaller rate of change than the function in the graph?y-6X-6-7y3456OA..0151216039B.E-6 -8-403-52-481- 20 23114418 A car rental company charges $11 a day and 18 cents per mile to rent their cars. If the total charge for a 2-day rental was $61.60, how many miles were driven? Write and solve and equation. Please, help. Another iReady question.