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

Author Question: Julie bought a boat at the beginning of the year for 35,000. The boat has an estimated life of 8 ... (Read 183 times)

melly21297

  • Hero Member
  • *****
  • Posts: 565
on: Jun 24, 2018
Julie bought a boat at the beginning of the year for 35,000. The boat has an estimated life of 8 years and a salvage value of 14,000 at the end of the 8-year period. What is the book value after the first year?
 A) 32,375
  B) 29,750
  C) 21,000
  D) 2,625

Question 2

The original cost of a wave runner was 8,000 with an estimated life of 5 years. What is the first-year depreciation?
 A) 3,200
  B) 1,600
  C) 800
  D) 400


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kthug

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

A


melly21297

  • Member
  • Posts: 565
Reply 2 on: Jun 24, 2018
:D TYSM

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

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).

Did you know?

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

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

The killer whale named Old Tom swims alongside a whaling boat, flanking a whale calf. The boat is be The killer whale named Old Tom swims alongside a whaling boat, flanking a whale calf. The boat is be
A Border Marks Life and Death A Border Marks Life and Death
Life cycle of moss Life cycle of moss
Nursing Student life Nursing Student life
Cells are the basic units of life Cells are the basic units of life
Half-life explained Half-life explained
Video: Origin of organelles Animation

For a complete list of videos, visit our video library