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 86 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
:D TYSM

hollysheppard095

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

The nitrogen cycle. Numbers represent fluxes as 1012 g N per year (data from Schlesinger 1991, after The nitrogen cycle. Numbers represent fluxes as 1012 g N per year (data from Schlesinger 1991, after
Fourier series - Complex Waves: Non-sinusoidal wave patterns Fourier series - Complex Waves: Non-sinusoidal wave patterns
A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ... A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ...
Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ... Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ...
One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ... One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ...
Kindergarten school year book Kindergarten school year book
Video: Oogenesis Animation

For a complete list of videos, visit our video library