![ayoismeisjjjjuan](/avatars/35484.jpg)
ayoismeisjjjjuan
12.04.2021 •
Business
Greene Company purchased a machine for $75,000 that was expected to last 6 years and to have a salvage value of $6,000. At the beginning of the machine's fourth year the company decided that the estimated useful life should be revised to a total of 10 years instead of 6 years and the salvage value revised to be $5,500. Straight-line depreciation was used throughout the machine's life. Calculate the depreciation expense for the fourth year of the machine's useful life.
Solved
Show answers
More tips
- F Food and Cooking Discover the Health Benefits of Cedar Nuts...
- S Science and Technology Exploring Our Galaxy: How Many Planets are in the Milky Way?...
- S Science and Technology Colliders: How They Work and Why They Matter...
- A Animals and plants Unraveling the Mystery of Loch Ness: What Does the Loch Ness Monster Look Like?...
- L Leisure and Entertainment How Many Seasons are There in the TV Show Interns?...
- S Sport Playing Bowling: Rules and Advice for Novices...
- L Leisure and Entertainment The Best Film of 2010: A Look Back at the Academy Awards...
- S Sport How to Learn Swimming? Simple Tips for Beginners...
- C Computers and Internet What is Web 2.0 and How Does it Work?...
- C Computers and Internet War of Social Media: Which Platform is the Leader?...
Answers on questions: Business
- B Business Write the work of an architectural engineer ....
- B Business Suppose that there is no trade and no government in a small economy. GDP is $25 trillion, and consumption spending is $18 trillion this year. What is the level of private...
- B Business David Ortiz Motors has a target capital structure of 40 percent debt and 60 percent equity. The yield to maturity on the company’s outstanding bonds is 9 percent, and the...
- B Business Glaston Company manufactures a single product using a JIT inventory system. The production budget indicates that the number of units expected to be produced are 194,000...
- B Business The federal funds rate is the interest rate on bonds issued by the federal government. the interest rate at which banks can borrow excess reserves from other banks. the...
- B Business Under what circumstances could the Government use open market operations? ...
- B Business Tính số tương đối kết cấu về sản lượng thưc tế của từng doanh nghiệp trong tổng công ty...
- B Business Aluko manufactures a single product. The following budgeted information has been prepared (per unit) for the next period: Selling price $75.00 Direct materials $9.40 Direct...
- B Business QUESTION 3 A company has the following budgeted data for its first year of operation: £ Per unit Direct materials 1.30 Direct labour 1.50 Variable overhead 0.20 Fixed overhead...
- B Business Suppose the government proposes a tax cut totaling $200 million. we assume that all the people with extra money to spend would spend 75% of it and save 25%. thus, of the...
Ответ:
The correct answer is $1,800,000.
Explanation:
According to the scenario, the computation of the given data are as follows:
Net working Capital = Current Assets - Current Liabilities
Where,
Current Assets = cash and marketable securities + accounts receivable + inventory
Current Assets = $400,000 + $1,200,000 + $2,100,000 = $3,700,000
And Current Liabilities = accrued wages and taxes + accounts payable + notes payable
Current Liabilities = $500,000 + $800,000 + $600,000 = $1,900,000
So, Net Working Capital = $3,700,000 - $1,900,000
= $1,800,000