This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: James bought a wave runner at the beginning of the year for 7,500. The wave runner has an estimated ... (Read 139 times)

Mimi

  • Hero Member
  • *****
  • Posts: 542
on: Jun 24, 2018
James bought a wave runner at the beginning of the year for 7,500. The wave runner has an estimated life of 4 years and a salvage value of 2,000 at the end of the 4-year period. What is the book value after the first year?

Question 2

The original cost of a car was 32,000 with an estimated life of 8 years. What is the first-year depreciation?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bfulkerson77

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 24, 2018
Answer to Question 1

6,125;

Answer to Question 2

8,000;


Mimi

  • Member
  • Posts: 542
Reply 2 on: Jun 24, 2018
Excellent

ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

20,000 year old spotted hyena painting from the Chauvet Cave, France 20,000 year old spotted hyena painting from the Chauvet Cave, France
Wave Travel Wave Travel
Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers
Overfished per year Overfished per year
If y = 0.02 sin (30x - 400t) (SI units), the velocity of the wave is If y = 0.02 sin (30x - 400t) (SI units), the velocity of the wave is
Chinese new year 2023 Chinese new year 2023
Video: Inflammation

For a complete list of videos, visit our video library