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domiyisthom
30.07.2021 •
Business
Huffman Corporation constructed a building at a cost of $30,000,000. Weighted-average accumulated expenditures (WAAE) were $12,000,000, actual interest was $1,200,000, and avoidable interest was $1,600,000. If the salvage value is $2,400,000, and the useful life is 40 years, depreciation expense for the first full year using the straight-line method is
a. $690,000
b. $705,000.
c. $720,000.
d. $735,000.
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Ответ:
$730,000
Explanation:
Calculation to determine what depreciation expense for the first full year using the straight-line method is
Using this formula
Depreciation expense=Costs of Building+Avoidable interest-Salvage value)/Useful life
Let plug in the formula
Depreciation expense=( $30,000,000 + $ 1,600,000- $2,400,000) / 40 years
Depreciation expense=$29,200,000/40 years
Depreciation expense= $730,000
Therefore depreciation expense for the first full year using the straight-line method is $730,000
Ответ:
Antonie van Leeuwenhoek
Explanation: Leeuwenhoek saw a single-celled organism in a sample of pond water in 1675. He was also one of the first microscopists and microbiologists, according to Wikipedia.
Hope this was helped! Let me know if you have any more questions. :)