Kansas Enterprises purchased equipment for $73,500 on January 1, 2018. The equipment is expected to have a five-year life, with a residual value of $6,300 at the end of five years.
Using the straight-line method, the book value at December 31, 2018 would be:
A.$53,760.
B.$60,060.
C.$58,800.
D.$67,200.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Kansas Enterprises purchased equipment for $73,500 on January 1, 2018. The equipment is expected to have a five-year life, with a residual ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Who conducts the certifcation election
Answers (1)
If the transactions velocity of money remains constant while the quantity of money doubles, the: price of the average transaction multiplied by the number of transactions must double.
Answers (2)
Liability for contracts formed by an agent depends on how the principal is classified and on whether the actions of the agent were authorized or unauthorized. a. true b. false
Answers (1)
If you work your entire life, then you will be adequately prepared for retirement, even without a retirement plan in place. True - False 403 (b) plans are offered by various corporations. True - False IRA stands for Important Retirement Assets.
Answers (1)
If variable manufacturing costs are $16 per unit and total fixed manufacturing costs are $401,500, what is the manufacturing cost per unit if: a. 5,500 units are manufactured and the company uses the variable costing concept? $ b.
Answers (1)
New Questions in Business
As a source of information about dress, the advantage of extant costumes or artifacts is that: a. We can see, feel, and describe how the object is made. b. The form of dress is exaggerated can. They prescribe how to dress. d.
Answers (1)
Match the following definitons with appropriate options given in below: Definitions: 1. A graphical representation of the relationship between the price of a good and the amount of the good that buyers are willing and able to purchase at various
Answers (1)
Prior to recording adjusting entries, the Office Supplies account had a $372 debit balance. A physical count of the supplies showed $112 of unused supplies available. The required adjusting entry is:
Answers (1)
Swift Company manufactures two different bicycle models. Swift produces a high volume of products using standardized production runs and does very little product customization. Swift uses what type of technology structure?
Answers (1)
Select the item that can be answered by using knowledge. 1. A transaction's order date, amount sold, and quantity ordered 2. Taking into account external reasons for the recent underperformance of a good salesperson 3.
Answers (1)