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 131 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
YES! Correct, THANKS for helping me on my review

helenmarkerine

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Electrocardiography. (a) Electrodes are placed on the patient’s chest to record the electrical event Electrocardiography. (a) Electrodes are placed on the patient’s chest to record the electrical event
The remarkably complete skull of a 3-year-old Australopithecus girl; the fossil is 3.3 million ... The remarkably complete skull of a 3-year-old Australopithecus girl; the fossil is 3.3 million ...
Apply effleurage with wave motion to posterior cervical region. Use fingertips to slide along ... Apply effleurage with wave motion to posterior cervical region. Use fingertips to slide along ...
Xinobi - Far Away Place (Jody Wisternoff & James Grant Remix) Xinobi - Far Away Place (Jody Wisternoff & James Grant Remix)
Kindergarten school year book Kindergarten school year book
Video: Wound Care

For a complete list of videos, visit our video library