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 197 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
Great answer, keep it coming :)

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Grime's classification of plant life-history strategies Grime's classification of plant life-history strategies
Fossils Give Us a View of Past Life Fossils Give Us a View of Past Life
Phylogeny of the three domains of life Phylogeny of the three domains of life
Julie Green, The Last Supper. Julie Green, The Last Supper.
For the 2-year-old, encounters with peers provide valuable practice in communication and social ... For the 2-year-old, encounters with peers provide valuable practice in communication and social ...
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ... Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...
Video: Contraction and Relaxation Animation

For a complete list of videos, visit our video library