Giovanni0312
23.11.2019 •
Business
On january 1, 2017, the morgantown company ledger shows equipment $59,000 and accumulated depreciation – equipment $9,600. the depreciation resulted from using the straight-line method with a useful life of 7 years and salvage value of $2,500. on this date, the company concludes that the equipment has a remaining useful life of only 5 years with the same salvage value.
compute the revised annual depreciation.
revised annual depreciation $
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Ответ:
Revised annual depreciation $9,380
Explanation:
Equipment $59,000
Accumulated Depreciation – Equipment $9,600
Useful life of 7 years
Salvage value of $2,500
Annual Depreciation updated
$59,000 - $9,600 - $2,500 = $,9380
To find the revised annual depreciation we have to deduct of the total equipment the accumulated depreciation Year to Date.
$59,000 - $9,600 = $49,400
At this value we have to substract the Salvage Value of the equipment,
$49,400 - $2,500 = $46,900
So, the revised annual depreciation it's $ $46,900 / 5 Years = $9,380
Ответ:
The answer is D “biographies and newspaper articles”
Explanation:
got it wright on edg