Business, 09.09.2019 19:20 smelcher3900

On january 1, 20x2, x company made modifications to an asset used in its manufacturing operations in order to extend its useful life. the asset had an original cost of $30,000 and accumulated depreciation of $12,000, with a remaining useful life of 5 years. as a result of the modification, which cost $6,000, the remaining useful life was increased to 8 years. if x company uses straight-line depreciation, in 20x2, x company:
will recognize repairs and maintenance expense of $6,000 and depreciation expense of $2,250.
will recognize repairs and maintenance expense of $6,000 and depreciation expense of $3,600.
will capitalize the cost of the modification and will recognize depreciation expense of $3,000.
will capitalize the cost of the modification and will recognize depreciation expense of $4,800.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 01:40

Suppose general motors demands labor according to the labor demand function 푤푤= 40−0. 5퐸퐸, where 푤푤 is the hourly wage and 퐸퐸 is the number of employees. the united auto workers union has a utility function given by 푈푈=푊푊∗퐸퐸. a.in 1984, the united auto workers union started negotiations with general motors by assuming that they were a monopoly union. find the wage and employment demands that the united auto workers union would have demanded before any bargaining began. b.if general motors and the united auto workers union both had excellent bargaining representatives, would this be the final labor contract? if not, then explain in words and graphically where they would end up after the bargaining process.

Answers: 1

Answer

Business, 22.06.2019 10:40

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk

Answers: 1

Answer

Business, 22.06.2019 10:50

Bill dukes has $100,000 invested in a 2-stock portfolio. $62,500 is invested in stock x and the remainder is invested in stock y. x's beta is 1.50 and y's beta is 0.70. what is the portfolio's beta? do not round your intermediate calculations. round the final answer to 2 decimal places.

Answers: 2

Answer

Business, 23.06.2019 03:00

Madeline quits her job, at which she was earning $20,000 per year. she then takes $50,000 out of savings, on which she was earning 10% interest, and uses it to buy supplies for her business. she also pays $10,000 in rent on the building and $15,000 in additional labor costs. in her first year of operations, madeline receives $150,000 in revenue from sales. instructions: round each answer to a whole number. madeline's accounting cost is

Answers: 1

Answer

You know the right answer?

On january 1, 20x2, x company made modifications to an asset used in its manufacturing operations in...

Questions