NC Office Supply purchased a heating system on September 1, 2019, for$18,500. The estimated salvage (disposal) value is $500 and the estimated useful life is 10 years. What is the accumulated depreciation at the end of 2021

Answers

Answer 1

Answer:

Accumulated deprecation [End of 2021] = $4,200

Explanation:

Given:

Purchase cost on [1 sep 2019] = $18,500

Salvage value = $500

Number of year = 10 year

Find:

Accumulated deprecation [End of 2021]

Computation:

Amount of depreciation per year = [Purchase cost - Salvage value] / Number of year

Amount of depreciation per year = [18,500 - 500]10

Amount of depreciation per year = $1,800

Accumulated deprecation [End of 2021] = Depreciation in 2019 + Depreciation in 2020 + Depreciation in 2021

Accumulated deprecation [End of 2021] = [1,800(4/12)] + 1,800 + 1,800

Accumulated deprecation [End of 2021] = 600 + 1,800 + 1,800

Accumulated deprecation [End of 2021] = $4,200


Related Questions

How do you awnser a question

Answers

Answer:

like this ; )

Explanation:

im just talented

Answer:

click add awnser under the question, it might not be there because someone already answered it.

Explanation:

Antique Company has notes receivable that have a fair value of $920,000 and a carrying amount of $710,000. Antique decides on December 31, 2020, to use the fair value option for these recently-acquired receivables. The adjusting entry to record this change will include a:

Answers

Answer:

credit to Unrealized Holding Gain or Loss―Income for $210,000.

Explanation:

Given that

The fair value is $920,000

The carrying amount is $710,000

So this represent the account has increased by $210,000

So for recording the adjusting entry we credited the non-realized holding gain or loss for an income of $210,000

And, this income come from

= $920,000 - $710,000

= $210,000

What is an investment portfolio?
A. A selection of varied accounts
B. A selection of varied instruments
C. A selection of varied applications
D. A selection of varied stocks and bonds​

Answers

Answer:

In finance, a portfolio is a collection of investments aka stocks and bonds!

A media buyer places an ad for a new range of wines in four different magazines. The first magazine provides roughly 3,600,000 exposures, the second magazine provides about 950,000 exposures, and the third and fourth provide 100,000 exposures each. The buyer now can inform the client at the winery of ___________ expected for the ad, that is, 4,750,000 exposures.

Answers

Answer:

Gross impressions

Explanation:

It sum up the total number of the audience (impressions) that the new range of wines reaches.

Ronald Coase's ideas on property rights have helped economists and policymakers better understand environmental problems. Identify the true statement regarding Coase and property rights

Answers

Coase argued that the assignment of property rights to someone is essential.

It is important to highlight both hard and soft skills on a job resume. Which characteristic best describes a soft skill?


A characteristic or skill specific to your job

A skill learned through formal education

A skill that is harder to measure but can be used in every job

A skill that is measurable and easy to demonstrate

Answers

Answer:

C.

Explanation:

An environmental service employee of the hospital was called to the vascular surgery floor to clean the floor where a bag of potassium chloride had spilled. After cleaning the floor, the employee failed to place any signs advising others of a wet floor. Mrs. Jones, a hospital visitor, fell on the wet floor and injured her back. She incurred medical expenses of $560.00 and lost wages in the amount of $1000.00. She brought suit and the jury awarded her $1560.00, representing reimbursement of the medical expenses and lost wages, plus $10,000 for the jurors perceived recklessness on the part of the hospital. What is the $10,000 amount considered

Answers

Answer:

Punitive Damages

Explanation:

The $10,000 awarded by the jurors is a punitive damages to the organization because it serves as a kind of punishment to deter future occurrence of such conduct (recklessness)

Maya deposits $500 in her savings account and earns a simple interest of 5 percent. What will be the balance in her account after two years?

A. $1,000
B. $550
C. $600
D. $577.50
E. $527.50

Answers

Answer:

B. $550

Explanation:

[tex]A = p(1 + \frac{r}{100} ) {}^{n} \\ = 500(1 + \frac{5}{100} ) {}^{2} \\ = 550 \: dollars[/tex]

In tort law, what is proximate cause?
A. The idea that a person's breach of duty directly led to an injury
B. The idea that people can be restrained if there is justification for it
Ο Ο Ο
C. The idea that people use reasonable force to protect themselves
OD. The idea that a person failed to perform a specific duty

Answers

Answer:

B. The idea that people can be restrained if there is justification for it

Explanation:I just took the test

* I ONLY HAVE AN HOUR LEFT*
The relationship between the level of spending and the income earned is :

A)Positive

B)Negative​

Answers

Answer:

Positive.

Explanation:

The relationship between the level of spending and the income earned is positive. This implies that there is a relationship in which both indicators run in parallel, so that if income rises, the level of expenses will also tend to rise; While if income falls, the same will necessarily happen with the level of spending.

This occurs for a logical question: the greater the amount of money earned by a person, the greater the amount of money available to him to spend on different goods and services; and vice versa.

Industrial development bonds are backed by: A the lease obligating the private user to rent the facility for the life of the bond issue B the deed to the facility constructed C securities pledged as collateral by the private user D the faith and credit of the governmental issuer Review

Answers

Answer: B the deed to the facility constructed

Explanation:

Industrial Development Bonds are issued by a government agency or authority on behalf of a company that might find it difficult to acquire financing on its own.

Such bonds are usually tax exempt and so will command lower interest rates than comparable bonds. They will be paid for by revenue from the project constructed and the collateral will be the deed to the facility constructed. This deed will be held by the government until the company finishes paying off the debt.

A(n) _____ is a problem-solving strategy that involves following a specific rule, procedure, or method that inevitably produces the correct solution.

Answers

Answer:

I think the answer is

An Algorithm is a problem-solving strategy that involves following a specific rule, procedure, or method that inevitably produces the correct solution.

Gomer decides to spend an hour playing basketball rather than studying. His opportunity cost is: Group of answer choices the increase in skill he obtains from playing basketball for that hour. the benefit to his grades from studying for an hour nothing, because he had a free pass into the sports complex to play basketball. nothing, because he enjoys playing basketball more than studying.

Answers

Answer:

the benefit to his grades from studying for an hour

Explanation:

Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.

In this scenario, Gomer decided to spend an hour playing basketball rather than studying his books. Thus, his opportunity cost is the benefit to his grades from studying for an hour.

This ultimately implies that, if he had spend the time he used in playing basketball to study, it would have added value to his grades.

What is a contingency plan?

Answers

Answer:

Um plano de contingência é um tipo de plano preventivo, preditivo e reactivo.

Apresenta uma estrutura estratégica e operativa que ajudeá a controlar uma situação de emergência e a minimizar as suas consequências negativas.

O plano de contingência propõe uma série de procedimentos alternativos ao funcionamento normal de uma organização, sempre que alguma das suas funções usuais se vê prejudicada por uma contingência interna ou externa.

Increases in productivity are difficult to achieve if Open Hint for Question 15 in a new window. the task is more physical and tangible. the task is more good-producing and standardized. the task is more quantitative and repetitive. the task is more intellectual and personal.

Answers

Answer:

the task is more intellectual and personal.

Explanation:

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

In Economics, there are four (4) main factors of production and these are;

I. Land.

II. Labor (working).

III. Capital resources.

IV. Entrepreneurship.

When these aforementioned factors of production are combined effectively and efficiently, they can be used for the manufacturing or production of goods and services to meet the unending requirements or needs of the consumers.

Generally, the level of productivity of a business firm or an organization would increase when the inputs such as capital, raw materials, labour, etc., decreases while output such as finished products remain the same.

However, it would be quite difficult for a business firm or an organization to experience increases in its level of productivity (output) if the task required to be executed is more personal and requires the use of intellect, knowledge and skills.

True or false. A direct deposit is when you take your check straight to the bank when you receive it

Answers

Answer:

false

Explanation:

Remote Control Corporation sends a post-purchase questionnaire to all consumers who buy their products. They are interested in gathering data on product quality, customer service orientation, and customer satisfaction. This is an example of

Answers

Answer:

feedback control

Explanation:

From the question we are informed about Remote Control Corporation who sends a post-purchase questionnaire to all consumers who buy their products. They are interested in gathering data on product quality, customer service orientation, and customer satisfaction.in this case, This is an example of feedback control.

The feedback control can be regarded as practice of responding meaningfully to customers when they leave feedback. For instance, if a customer lay a complains about being overcharged, The response of the company could be an apology as well as issueing of a refund.Customers may give feedback in a situation whereby they have a particularly memorable experience

The goods and materials available for sale at the beginning of a period are_____.

beginning inventory

raw materials

cost of goods sold

ending inventory

Answers

Answer:

The answer is beginning inventory

The owner of Firewood To Go is considering buying a hydraulic wood splitter which sells for $50,000. He figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. How many cords of wood would he have to split with this machine to break even

Answers

Answer:

The correct answer is "2000 units".

Explanation:

Given:

Fixed cost,

F = $50,000

Variable cost,

VC = $100 per unit

Price,

P = $125 per unit

Let the units to be sold be "x".

Throughout the case of breakeven,

⇒ [tex]Total \ revenue=Total \ cost[/tex]

⇒                [tex]125x=50000+100x[/tex]

On subtracting "100x" from both sides,

⇒    [tex]125x-100x=50000+100x-125x[/tex]

⇒                  [tex]25x=50000[/tex]

⇒                      [tex]x=\frac{50000}{25}[/tex]

⇒                         [tex]=2000 \ units[/tex]

and explain to laws that protect citizens against gender-based violence in our country​

Answers

Answer:

Domestic Violence Act (1998)

Explanation:

The Government, constitution and the legislation protect individuals or women against all sorts of person-to-person violence against women or gender. The Domestic Violence Act protects against various forms of violence against women, and the Security Against Human Rights act (2011) protects against harassment.

the sum of a and 3a is​

Answers

Answer:

Given,

3a,a,_a.......a terms

Sn=n/2[2(a)+(n-1)d]

Sa=a/2(6a-2a+1)

Sa=a/2(2(2a+1)

Sa=a(2a+1)

Sa=2a^2+a

Explanation:

When many men in the Baby Boomer age group started getting gray hair, they were reluctant to use hair dyes made for and marketed to women. To address this reluctance, hair care product manufacturers (such as the makers of Just For Men hair coloring) introduced hair-dying systems to be used on men's heads and facial hair. In this example, what type of segmentation did the hair care product manufacturers use to define their target markets

Answers

Answer:

demographic segmentation

Explanation:

Demographic segmentation includes many variables and categories, for example: age, income level, gender, family status, race, culture, gender, etc.

In this specific case, the market was segmented based on age; men entering middle age that were starting to get gray hair.

Morrison Associates, a law firm, encourages its lawyers to learn from each other about how they can handle their cases better. It encourages the lawyers to share their best practices and collectively work toward meeting the objectives of the firm. This is an example of _

Answers

Answer: Internal benchmarking

Explanation:

Benchmarking on its own is a process that companies use to improve and it works by them comparing certain aspects of their business to others to see if they can do better.

This process can be internal as well and the scenario described is one such example. When employees compare their cases to see how to handle it better, they are comparing aspects of the business in order to grow the business so this falls under benchmarking.

A certificate of deposit that changes the rate of interest based on the prevailing market interest rate is known as a: A Market rate CD B Step-up / Step-down CD C Negotiable CD D Renewable CD

Answers

Answer:

B. Step-up/Step-down CD

Explanation:

A bank certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.

Generally, a certificate of deposit pays a higher interest rate to its holder than the regular savings account because the banks invest the money in a business.

Additionally, the bank certificate of deposit is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000.

A Step-up/Step-down certificate of deposit (CD) is a type of CD that changes the rate of interest for a deposit based on the prevailing market interest rate.

Which of the following is NOT an example of using the right words?
A. Avoid slang.
B. Choose words the average person will understand.
C. Use lots of technical terms.
D. Stay away from jargon.

Answers

Answer:

i think d it might not be right

Explanation:

Answer:

C: use lots of technical terms

Explanation:

A is correct; slang isn't used for formal papers. B is also correct; when you're writing to someone, you don't want to use complicated words that they may not understand. D is also correct; jargon is complicated vocab used in a field, and many people don't understand it. C is incorrect, however; technical terms people may not understand.

Lima buys a new car from Motor City Inc. In the first month after the purchase, the car repeatedly fails to meet standards of quality and performance. To prevail against Motor in a lemon-law dispute, Lima must a. take the car to an expert third party for an independent inspection. b. have reason to know of the cause of the failure. c. file a court action without prior notice of the defect to the dealer. d. give the dealer or manufacturer an opportunity to remedy the problem.

Answers

To prevail against Motor in a lemon-law dispute, Lima must have reason to know of the cause of the failure.  

Lemon law is specifically awarded to customers purchasing vehicles in the form of choice to either get replaced product or to get a refund for the defective vehicle.  

Hence, if the vehicle is impaired to function properly or is diagnosed as defective within 30 days of its purchase would entail them with lemon rights. To avail this right the consumer must have proper reasons to support it.  

Learn more about Lemon law here;

https://brainly.com/question/1661947

You purchase $300 worth of the same stock every quarter for one year at prices per share of $15, $12, $10, and $20, respectively. By using this dollar-cost averaging strategy, you paid less overall than the average share price of $14.25. What was the average cost per share that you paid?
please help​

Answers

Answer:

$13.33

Explanation:

The average cost of purchase for each stock throughout the year will be $13.33 per share.

What is the average cost?

Average cost refers to total cost incurred divided by the total quantity purchased for such product. Using the given information, the average cost per share can be calculated as,

Total Cost will be $1200, as $300 worth of shares were purchased in each quarter. And the total quantity accumulated throughout this period was 90 shares.

So, the average cost per share will be,

[tex]\rm Average\ Cost\ = \dfrac{Total\ Cost}{Total\ Quantity}\\\\\rm Average\ Cost\ = \dfrac{1200}{90\\}\\\rm Average\ Cost\ =\$13.33[/tex]

Hence, the average cost per share will be $13.33 for shares purchased throughout the year.

Learn more about average cost here:

https://brainly.com/question/13950634

#SPJ2

Which of the following statements about oligopoly is FALSE: A. Oligopolies have a tendency to collude and form cartels in order to split monopoly like profits B. Oligopolistic markets under collusion are socially inefficient (create deadweight loss) C. If two firms are in a collusion and Firm 1 violates the agreement by lowering the price, Firm 1 will increase its own profit but overall profit in the industry will go down D. All of the above statements are true

Answers

Answer: D. All of the above statements are true

Explanation:

Oligopolies exist in markets where supply is not saturated so they tend to form cartels where they can collude and charge a higher price to consumers so as to make more profits. Like a monopoly, this would lead to a deadweight loss because the urge to be competitive goes away and the market becomes socially inefficient.

In such a market, some firms will be tempted to break the cartel agreement and charge a lower price so as to gain market share. They stand a good chance of doing so in the short term but the other companies will react by reducing their prices as well which would reduce profits for the whole industry.

What will having the right skills do for you?​

Answers

Answer:

having the right skills will increase your knowledge and it will help you increase your chances of making your business and be the boss not the worker and you could help inspire people when you do have a business with your skills

Explanation:

What is the first step in deriving depreciation using the abstraction method? Gather data for all recently sold comparables for the purpose of estimating their reproduction costs. Gather data for all comparables to establish the historic high price paid for similar properties. Gather data on comparable neighborhoods for the purpose of estimating resale value. Gather data on comparable listings that have not sold in the same neighborhood.

Answers

Answer:

Gather data for all recently sold comparables for the purpose of estimating their reproduction costs.

Explanation:

Depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.

An abstraction method involves subtracting the value that is required to substitute or replace improvements based on the market's depreciation. Thus, it requires the use of comparable sales to estimate the value of a particular property by subtracting its value from the total sales price of the property.

Hence, the first step in deriving depreciation using the abstraction method is to gather data for all recently sold comparables for the purpose of estimating their reproduction costs.

Additionally, the Modified Accelerated Cost Recovery System (MACRS) can be defined as a depreciation system that avails business owners or companies the ability and opportunity to recover or recoup the cost basis of physical assets that have experienced deterioration over a specific period of time.

In the United States of America, the Modified Accelerated Cost Recovery System (MACRS) is used mainly for tax purposes because it gives room for faster depreciation of a physical asset in its first years or initial usage and reduces depreciation as it is being used over a long period of time.

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