subject
Business, 24.04.2020 17:59 lexas2894

Equipment was purchased for $17,000. Freight charges amounted to $700 and there was a cost of $2,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $3,000 salvage value at the end of its 5-year useful life.

Depreciation expense each year using the straight-line method will be:

1. $3,940

2. $3,340

3. $2,800

4. $2,860

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 02:00
True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false
Answers: 2
question
Business, 22.06.2019 08:30
Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9
Answers: 2
question
Business, 22.06.2019 10:10
Rats that received electric shocks were unlikely to develop ulcers if the
Answers: 1
question
Business, 22.06.2019 11:30
Which of the following is not an example of one of the four mail advantages of prices on a free market economy
Answers: 1
You know the right answer?
Equipment was purchased for $17,000. Freight charges amounted to $700 and there was a cost of $2,000...
Questions
question
Mathematics, 22.11.2019 08:31
question
Mathematics, 22.11.2019 08:31
question
Mathematics, 22.11.2019 08:31
question
Mathematics, 22.11.2019 08:31
Questions on the website: 13722363