a company purchased a depreciable asset for $25,000 on april 1, year 1. the asset will be depreciated using the straight-line method over its four-year useful life. assuming the asset's salvage value is $2,600, the company should recognize depreciation expense in year 2 in the amount of:

Answers

Answer 1

The correct answer to the question above is $5,600.

Step-by-step explanation:

Given data:

Cost of asset: $25,000Estimate useful life: 4 yearsMethod of depreciation: straight-line methodSalvage value: $2,600

Depreciation Expense = (Cost - Salvage value) / Estimated useful life

Deprecation Expense = ($25,000 - $2,600) / 4

Deprecation Expense = $22,400/4 = $5,600

The company should recognize depreciation expense in year 2 in the amount of $5,600.

Learn more about depreciation expense at: https://brainly.com/question/29748690

#SPJ4


Related Questions

The value of any asset is the present value of the cash flows the asset is expected to provide. The cash flows a business is able to provide to its investors is its free cash flow. This is the reason that fcf is so important in finance. True or false?.

Answers

This is true that The value of any asset is the present value of the cash flows the asset is expected to provide. The cash flows a business is able to provide to its investors is its free cash flow. This is the reason that FCF is so important in finance.

The phrase "cash flow" is typically used to represent payments that are projected to happen in the future, are thus unknown, and so need to be forecast using cash flows; a cash flow in its restricted sense is a payment (in a currency), especially from one central bank account to another; Operating activities, investment activities, and financing activities make up the three categories of cash flows. Cash-related net income activities are included in operating activities.

The quantity of money coming into and going out of your business over a specific time period is known as cash flow. Because it allows you to both satisfy your current financial responsibilities and make plans for the future, cash flow is crucial.

To know more about cash flow refer to:  https://brainly.com/question/15046681

#SPJ4

What is the maximum amount of work-related child and dependent care credit that may be claimed for 2022 by a taxpayer who has three qualifying persons?

Answers

The maximum amount of work-related expenses you can take into account for purposes of the credit is $16,000 if you have two or more qualifying persons. But if there is one qualifying person, the maximum amount will be $8,000.

The child and dependent care credit generally can be defined as a tax credit that may help you pay for the care of  other dependents (qualifying persons) and also eligible children.  The income and a percentage of expenses that you incur for the care of qualifying persons to enable you to  attend school, go to work, and also look for work, is calculated to determined the child and dependent care credit.

Here you can learn more about child and dependent care credit https://brainly.com/question/29562648

#SPJ4

According to symbolic interactionism, which component of the self encourages an individual to follow social norms

Answers

Simply put, symbolic interactionists hold that the meanings we give to interactions and events help to shape our society.

What constitutes simple events?

Simple occurrences are those in which a single experiment is conducted at such a time and results in a single conclusion. P(E), when E is the event, stands for the chance of simple events. The range of the probability is 0 to 1. For instance, tossing a coin is a straightforward event.

What are events, and what different kinds are there?

What are the various probability event types? Complement encounters, simple events, compounded events, definite events, improbable events, dependent occasions, independent events, socially exclusive occasions, exhaustive events, etc. are some examples of the various varieties of events in probability.

To know more about event visit:

https://brainly.com/question/15292853

#SPJ4

In order to search the internet you need to use software referred to as a__?

Answers

Answer:

search engine

Explanation:

A search engine is software designed to search web pages on the internet. Search engines work to provide answers to information sought from the internet. They locate, organize, and present the information sought on a database called index.  

Yahoo and Bing are other examples of a search engine. It is the most known and most used.

What should be the next step after thawing food in a microwave?
1.leave in the prep area until needed
2.leave in the microwave until needed
3.cook it immediately using conventional cooking equipment
4.it is never appropriate to thaw food in a microwave

Answers

Answer:

3.

Explanation:

3. Cook it immediately using conventional cooking equipment.

What is thawing?

Thawing, often known as "defrosting," is the process of bringing a frozen product from frozen to a temperature (typically above 0°C) where there is no more ice. Many times, thawing is simply thought of as the opposite of the freezing process.

How can food be thawed in the microwave?Take off the package's outer plastic and pack.Cover with a microwave-safe container after placing.To thaw, adhere to your microwave's directions.Immediately after defrosting, cook.Before refreezing any meals that have been microwave thawed, they must be properly cooked.

Learn more about thawing food with the help of the given link:

brainly.com/question/11524407?referrer=searchResults

#SPJ2

Which of the following statements best defines
UTILITY?
A. What you can obtain for an item at a later time

B. How well something satisfies a person's wants or
needs

C. What we lose by giving up the other provided choice

D. How helpful an item is given the context of a current
situation

Answers

Answer:  c

Explanation: i just took the test

UTILITY is What we lose by giving up the other provided choice Option(c) is correct. In any case, it isolates the hypothesis of financial utility from real perception and experience, since "utils" can't really be noticed.

What is a Utility?

Utility is a term in financial matters that alludes to the all out fulfillment or advantage from consuming a decent or administration.

Monetary hypotheses in light of judicious decision for the most part expect that shoppers will endeavor to augment their utility. The monetary utility of a decent or administration is vital to comprehend, on the grounds that it straightforwardly impacts the interest, and consequently cost, of that great or administration.

Practically speaking, a purchaser's utility is typically difficult to gauge or evaluate. In any case, a few financial specialists accept that they can by implication gauge what is the utility of a monetary decent or administration by utilizing different models.

Utilities are organizations that work in the electric, water, oil, or gas areas. These organizations assume a significant part in modern economies and have an all out market capitalization of almost $1.6 trillion.

Therefore Option(c) is correct.

Learn more about Utility here:

brainly.com/question/14149928

#SPJ2

What should you do before you approach a atm

Answers

Answer:

Try to use ATMs with which you are familiar. Choose well-lit, well-placed ATMs where you feel comfortable. If you need to use an ATM late at night, ask a friend to accompany you.

Before approaching the ATM, scan the surrounding area. Avoid the ATM altogether if it is too dark to see, isolated or looks unsafe. If there are bystanders loitering in the area, go to another machine or come back later.

Use your body to shield the screen and keypad before entering your PIN. Make sure other individuals in line stay a reasonable distance from you while you're performing your transaction.

Mark, the marketing manager of a large U.S. corporation, realizes that Afghanistan has virtually no supply of tomatoes. He conducts a study to see what quantity of tomatoes Afghan customers would be able and willing to buy at different prices. Mark is analyzing Afghanistan's:

Answers

By conducting the study on the quantity of tomatoes Afghan customers would be able and willing to buy, Mark is analysing the demand for tomatoes.

What is the demand for a good?

The demand for a good measures the quantity of a good that would be demanded at different prices. Usually, the demand for a good is negatively related to the price of the good. As the price of the good increases, the demand for the good would decline.

To learn more about demand, please check: https://brainly.com/question/25140811

Which sequence of HACCP principles is in the correct order?


A.


Establish critical limits for each CCP, conduct a hazard analysis, and establish corrective actions.


B.


Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP.


C.


Establish record-keeping procedures, establish corrective actions, and establish CCP monitoring requirements.


D.


Establish CCP monitoring requirements, conduct a hazard analysis, and identify CCPs.


E.


Conduct a hazard analysis, identify CCPs, and establish CCP monitoring requirements.

Answers

Answer:

B

Explanation:

Hazard analysis of critical control point (HACCP) is a process of identifying and assessing risks alongside the biological , physical and chemical hazards associated with food production .

The sequence of the first three of the seven principles are

1. Conduct hazard analysis to determine potential risks related to food protection

2. Identify the critical control point (CCP) which addresses controlling identified hazards that are mostly likely to cause injury to health

3. Establishing critical limits for each CCP , which is the highest or lowest level a biological ,physical or chemical parameter must be controlled to prevent or minimize hazards.

Answer:

B. Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP

Explanation:

Which of the following benefits of the American Free Enterprise System requires a great deal of government involvement?
Responses

A protection

B responsive prices

C variety of goods

D freedom

(answer is protection NOT responsive prices)

Answers

Option (a), The American Free Enterprise System's benefits of protection necessitate extensive government participation.

What role does the government play in the free market in America, and why?

The government has the coercive power to maintain peace and order, protect the right of individuals to own property, and enforce voluntarily engaged into agreements. In essence, the government serves to defend the free enterprise system.

The objectives of a free enterprise include more freedom, market efficiency, consumer rights, financial security and stability, and economic opportunity. Even if free market offers more freedom, there is a higher likelihood that many economic crises will arise without the involvement of the government.

Learn more about free enterprise: https://brainly.com/question/30338990

#SPJ1

what the squared root of your hairline

Answers

Answer:

small......

EXPLANATION:

Answer:

PLZ-

Explanation:

i think it's around 3 inches

Which of the following is not a reason that the subject line should never be
left blank?
• A. The receiver may be
confused and decide to delay opening it.

B. The receiver may think the message iS spam.
C. The email will not be transmitted without that information.
D. The receiver may not consider the message important.

Answers

Answer: C. The email will not be transmitted without that information is not a reason that the subject line should never be left blank. The email can be transmitted without a subject line, it just may be less likely to be opened or considered important by the receiver.

Explanation:

Answer:

C. The email will not be transmitted without that information.

A subject line is important in an email because it gives the receiver an idea of what the email is about and whether or not it is important or relevant to them. Leaving the subject line blank can cause confusion, delay the receiver opening the email or even mark it as spam, and make the receiver not consider the message important. But an email will be transmitted without a subject line, it's just that the receiver may not understand the content of the email.


3. Describe the purpose of the SEC. (1-4 sentences 2.0 points)

Answers

Answer:

The Securities and Exchange Commission (SEC) is a federal body tasked with safeguarding investors from fraud and ensuring the market's fairness and efficiency in the United States. One of its key objectives is to require all types of investments to be disclosed to both small and large firms.

The Securities and Exchange Commission (SEC) was established in 1934 to enforce the 1933 Securities Act. It was created, in large part, to fill the void left by the absence of a government regulatory body to regulate the U.S. stock markets during a period of significant financial volatility. It was shortly broadened to include the 1940 Investment Advisers Acts as well. Today, the agency is responsible for enforcing and amending federal securities laws, as well as coordinating U.S. securities regulations with other countries.

Explanation:

What are the limitations of using immunochromatography?
what are the limitations of using latex agglutination?

Answers

Immunochromatography and latex agglutination have limitations in sensitivity, specificity, and quantitative measurements. Careful consideration and exploration of alternatives are important.

1. Limitations of using immunochromatography:

a. Sensitivity: Immunochromatography tests may have limitations in terms of sensitivity, especially when compared to more advanced laboratory-based methods. This can result in false-negative results, where the test fails to detect the target analyte even if it is present at low levels.

b. Specificity: While immunochromatography tests are designed to be specific to the target analyte, there is a possibility of cross-reactivity or interference with other similar substances. This can lead to false-positive results or inaccurate interpretation of the test.

c. Quantitative measurement: Immunochromatography tests are generally qualitative or semi-quantitative, providing a visual indication of the presence or absence of a target analyte. However, they may not offer precise quantitative measurements, which can be a limitation in certain applications requiring precise quantification.

d. Limited multiplexing capability: Immunochromatography tests are often designed for the detection of a single target analyte or a limited number of analytes. Compared to laboratory-based techniques, they may have limited capacity for multiplexing, i.e., simultaneous detection of multiple analytes in a single test.

2. Limitations of using latex agglutination:

a. Sensitivity: Similar to immunochromatography, latex agglutination tests may have limitations in sensitivity. They may not be as sensitive as more advanced techniques, leading to potential false-negative results.

b. Specificity: Latex agglutination tests can be subject to cross-reactivity or interference, resulting in false-positive or false-negative results due to nonspecific interactions between the latex particles and other substances.

c. Subjectivity: Interpretation of latex agglutination tests can be subjective and dependent on the observer. The presence or absence of agglutination can be open to interpretation, which may introduce variability and potential for errors.

d. Limited quantitative information: Similar to immunochromatography, latex agglutination tests generally provide qualitative or semi-quantitative results rather than precise quantitative measurements. This can be a limitation in situations where precise quantification is required.

It's important to note that the limitations mentioned above are not inherent to immunochromatography or latex agglutination as a whole but represent common challenges associated with these techniques. Advancements and modifications in the design and methodology can help overcome some of these limitations in specific applications.

To learn more about Immunochromatography , Visit:

https://brainly.com/question/29554270

#SPJ11

In some countries a surgeon can earn 250000 or more each year. A nurse may earn just 40000 in comparison. Suggest three reasons for this differential in earnings.

In some countries a surgeon can earn 250000 or more each year. A nurse may earn just 40000 in comparison.

Answers

Answer: See explanation

Explanation:

The reasons for the difference in wages include:

1. Education and training: A nurse uses about 4-5 years to train to become a nurse while a surgeon uses about 15 years both at medical school and for further training and examination before he or she qualifies as a surgeon. This is a reason for the higher earning of the surgeon.

2. Also, due to the low barriers to entry, there are numerous nurses than surgeons who are few. This affects earnings as well as there are more supply of nurses which brings about a lower income than surgeons who are scarce and highly priced.

3. The skills and experience matters as well and the risks involved in their jobs results in wage difference too.

Breton Woods Standards were found to be inadequate mainly because

Answers

Answer:

A key reason for Bretton Woods' collapse was the inflationary monetary policy that was inappropriate for the key currency country of the system.

Explanation:

The US decision to suspend gold convertibility ended a key aspect of the Bretton Woods system. The remaining part of the System, the adjustable peg disappeared by March 1973.

In your own words tabulate seven differences between a
traditional leader and a transformational leader

Answers

A traditional leader is more focused on maintaining the status quo, following established rules and protocols, and managing and controlling their subordinates.

They rely on authority, fear, and coercion to motivate their followers. In contrast, a transformational leader is more focused on inspiring and motivating their followers to achieve more than they initially thought possible. They coach, mentor, and nurture their subordinates and focus on individual growth and development. They spend a significant amount of time getting to know their followers and understanding their needs.

A transformational leader is more concerned with long-term growth and development and aims to develop the leadership qualities of their followers.

To know more about leader visit:

https://brainly.com/question/32319795

#SPJ11


What is the cost gained by producing one additional unit of a good or service?
A. Market-Oriented System
B. Marginal Revenue
C. Market Structure
D. Marginal Cost

Answers

Answer:

B Marginal Revenue

Revenue is money earned from the production of goods and services.

Think of an example of a time that you experienced or that you heard about when consumer perception influenced demand. What were the effects of this perception?

Answers

One example of when consumer perception influenced demand is when the concept that Japanese made cars were more durable than Chinese cars.

What were the effects of this perception?

This perception tended to increase the demand for not just Japanese cars but for Japanese products.

It is believed that Japanese are very strong on quality and excellent processes, hence the high quality of their products.

Learn more about Consumer Perception:
https://brainly.com/question/1160649
#SPJ1

what's the language spoken in Egypt?​

Answers

Answer:

Modern Standard Arabic

Explanation:

Answer:

Arabic thats the language of egypt because most them are Islamic

A Firms_______ _______ and _________ department consists of scientists who work to solve complex problems and develop new ideas

Answers

A firm's Research and Development (R&D) department consists of scientists who work to solve complex problems and develop new ideas.

The R&D department is responsible for conducting research and experimentation to develop new products, improve existing products, and solve technical problems. This department is essential for innovation and growth in many industries, such as technology, pharmaceuticals, and manufacturing.

The R&D department typically consists of scientists, engineers, and other technical experts who are highly educated and experienced in their fields. They use advanced tools and techniques to design and test new products, and they work closely with other departments within the firm, such as marketing and production, to bring new products to market.

Learn more about department

https://brainly.com/question/11539179

#SPJ4

Enterprising people will make good office workers.
A.True
B. False

Answers

Answer:

A.True

Explanation:

Enterprising means having or showing initiative and resourcefulness making it helpful in a office.

It’s a it’s trueeeeeeee

If you wish to calculate the interest on an investment with a rate of 6.17%, what number will you plug into your equation? a. 0.00617 b. 0.0617 c. 0.617 d. 6.17 please select the best answer from the choices provided a b c d

Answers

Option b. 0.0617 is the correct answer as interest on investment at 6.17% converted into simpler form is 0.0617

Interest is the fee paid for having access to borrowed funds. While the interest rate used to compute interest is often reported as an annual percentage rate, interest expense or revenue is sometimes expressed as a dollar figure (APR). The compensation a lender or financial organization receives for giving out money is called interest. The percentage of a stockholder's ownership in a corporation that is also referred to as interest

Interest on investment = 6.17%

Removing the percentage sign and converting it into a simpler form:

= 6.17/100 = 0.0617

So, we will plug 0.0617 into the equation

Learn more about rate of interest:

https://brainly.com/question/13324776

#SPJ4

What is the simplest multiple-person business entity?

Answers

The simplest multiple-person business entity is the partnership.

This business entity is defined as the relationship between two or more people who work together to conduct business for mutual benefit.

The partners combine their resources, capital, and labor to achieve a common goal, and they share in the profits and losses of the business.The partners are not required to file a separate tax return for the partnership. Instead, they report their share of the profits or losses on their individual tax returns.

The partnership agreement spells out the details of how the business is to be run, including the division of profits and losses among the partners, the responsibilities of each partner, and the procedures for adding or removing partners.

The partnership does not have a separate legal identity from its partners. Each partner is personally responsible for the debts and obligations of the business. If the business is sued or goes bankrupt, each partner is individually liable for the entire amount of the debt.

Learn more about business entity here,

https://brainly.com/question/28333410

#SPJ11

the u.s. unemployment rate moves up and down as the economy moves in and out of recessions. but over time, the unemployment rate seems to return to a range of ____________.

Answers

Answer:

A natural range of unemployment.

which program has
budget lidl
year?
A. Social Security
O B. Medicaid
Ο Ο Ο Ο
O C. Defense
O D. Medicare

Answers

Answer: Medicare and social security

Explanation:your welcome

One way to promote a new business is to offer free items. If Jayleen were to open a restaurant and offer free food, she likely would have a line out the door. How would an economist understand the behavior of those standing in line?

A. Those waiting in line place a high value on the use of their time.

B. Those waiting in line believe that the marginal cost of waiting in line exceeds the marginal benefit of waiting in line.

C. Those waiting in line place a low value on the use of their time.

D. Those waiting in line believe that the marginal cost of waiting in line is zero.

E. Those waiting in line believe that the marginal benefit of waiting in line is zero

Answers

The answer is B) Those waiting in line believe that the marginal cost of waiting in line exceeds the marginal benefit of waiting in line.

When individuals decide to wait in line at Jayleen's restaurant offering free food, an economist would analyze their behavior by considering the concepts of marginal cost and marginal benefit.

Marginal cost refers to the additional cost incurred by individuals for each unit or action taken. In this case, the marginal cost is the cost of waiting in line. Waiting in line requires an investment of time and effort, which could be spent on other activities. For instance, they could be working, engaging in leisure activities, or spending time with family and friends. By choosing to wait in line, individuals are forgoing the opportunity to engage in these other activities.

On the other hand, marginal benefit refers to the additional benefit gained by individuals for each unit or action taken. In this scenario, the marginal benefit is the perceived value of the free food they expect to receive. People standing in line anticipate that the benefit they will obtain from getting the free food will outweigh the costs associated with waiting in line.

Given these concepts, option B suggests that those waiting in line believe that the marginal cost of waiting in line exceeds the marginal benefit of waiting in line. In other words, individuals believe that the cost of waiting, in terms of their time and effort, is higher than the value they expect to receive from the free food. However, they still choose to wait because they consider the benefit to be significant enough to justify the cost.

This interpretation aligns with economic reasoning because individuals make decisions based on a comparison of costs and benefits. In this case, people standing in line are demonstrating that they are willing to sacrifice their time and effort, implying that they place a higher value on the free food they anticipate receiving.

To know more about marginal cost click here: brainly.com/question/32126253

#SPJ11

Am I beautiful please give a honest reply.​

Answers

Answer:

ive never met you but your always pretty on th einside :3

Explanation:

yes you are queen dwell on the beauty of life. Watch the stars, and see yourself running with them.

PLS help, 25 pts and brainliest will be given !
How can reflecting on morals and ethics; help you identify your areas of strengths and weaknesses?

Answers

Explanation:

Identifying your strengths and weaknesses can be extremely valuable. Not only will it allow you to approach tasks and challenges with a better understanding of how to succeed and what pitfalls to look out for, but it also allows you to effectively communicate what you can contribute, which is essential for things like job interviews.

Distinguishing your qualities and shortcomings can be very significant. Not exclusively will it permit you to move toward assignments and difficulties with a superior comprehension of how to succeed and what traps to pay special mind to, yet it likewise permits you to viably convey what you can contribute, which is fundamental for things like new employee screenings.

A truck was purchased for $180,000 and it was estimated to have a $36,000 salvage value at the end of its useful life. Monthly depreciation expense of $3,000 was recorded using the straight-line method. The annual depreciation rate is Group of answer choices

Answers

Answer:

the annual depreciation rate is 25%

Explanation:

The computation of the depreciation rate is shown below:

= Yearly depreciation ÷ (Purchased cost - salvage value)

= ($3,000 × 12 months) ÷ ($180,000 - $36,000)

= $36,000 ÷ $144,000

= 25%

Hence, the annual depreciation rate is 25%

we simply applied the above formula

Other Questions
Which of the following is NOT a characteristic of the plasma membrane?AContains different types of proteinsBIt is easily crossed by small non-polar moleculesCIt is composed of a phospholipid bilayerDMaintains cell shape a well-developed infrastructure allows an urban area to have What caused ashoka th abandon cruelty and war and embrace tolerance and peace Think about the physical features of wolves, and three types of pets-cats, dogs, and goldfish. Of these species, which two do you think share the closest evolutionary relationship? Why? Help!! Its due tomorrow morning! objects that can be found in atmosphere imagine that you are hiring an employee for a job that requires empathy, and past research has found that a small but reliable difference that shows that women are typically higher on empathy than men. how should this affect who you choose to interview for the job? Given that the 2 nd term of a geometric series is -6 and the 5thterm is 20 .i. Find the first term and the common ratio.ii. Find the sum of the first eight terms of the series. I need some help with this one!!! Seraphina is driving two hours to visit her family. For the first hour, she traveled at a speed of 56 miles per hour. Then, in the second hour, she traveled at a speed of 72 miles per hour. What is the percentage increase of Seraphina's speed? If necessary, round to the nearest tenth of a percent. Find the mean of the data summarized in the given frequency distribution Compare the computed mean to the actual mean of 51.2 miles per hour. Speed (miles per hour) 54-57 58-61 D 42-45 27 46-49 13 50- Fill in the table using this function rule.Ay=-6x+1X-5-101100X3 If you register a 0. 08 bac or refuse to take a breath test, your license will be automatically suspended for. "Please help me....1. (Prof. GY Jung) Riboswitches: A. Describe the process of riboswitch development. B. Describe and discuss the importance of riboswitch optimization C. How is the switch utilized in product-driven evolutionary engineering?." Which diagram (A or B) shows transmission? words used to describe the parachute man in lord of the flies chapter 9 Help meeeee pleaseeeee I will give brainliest round 1.68 to the nearest whole number Parties in government emphasize different issues. Match each issue to the party most likely to support it.Republicans:Democrats:- expanding social services spending- maintaining high levels of military spending- increased regulation of business- tax relief for corporations and upper-income voters if labor is the only variable input, and the average product of labor is decreasing, which of the following must be true? i. the marginal product of labor is less than the average product of labor ii. the average variable cost of producing the good is increasing iii. marginal cost is less than average total cost