Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. equipment with a cost of $140,377.00 has an estima

Equipment with a cost of $140,377.00 has an estimated residual value of $8,426.00 and an...

60.1K

Verified Solution

Question

Accounting

Equipment with a cost of $140,377.00 has an estimated residual value of $8,426.00 and an estimated life of 5 years or 13,745 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 3,984 hours?

Select the correct answer.

$26,390.20

$5.00

$33.12

$38,246.11

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

In this exercise you are choosing between the following investment strategies: Invest $200 in stock A. Stock...

Biology
1.2K views

In "The Love Song of J. Alfred Prufrock," who is Prufrock addressing?A. A womanB. A...

Physics
1.2K views

42 In a series resonant LCR circuit the voltage across R is 100 V and...

Basic Math
1.2K views

Express the given complex number in polar and rectangular forms 90 0e 70j What is...

Basic Math
1.2K views

Rewrite each equation in slope-intercept form, if necessary. Then determine whether the lines are parallel,...

Algebra
1.2K views

Graph the solution to the inequality on the number line u 6 24 11 10...

Accounting
1.2K views

You are purchasing a 15-year, zero-coupon bond. The yield to maturity is 4.85...

Accounting
1.2K views

Delovely Productions Limited wants to raise $44 million for shows. A rights offering will be...

Accounting
1.2K views

pls help A company is considering a project with the...

Accounting
1.2K views

Dakota Mining Company has two competing proposals: a diamond core diril or a hydraulic excavatoc,...

Accounting
1.2K views

1 On line: Chapters 1-4 (42 Points) 41 of3 ( 12 pts

Accounting
1.2K views

Interstate Manufacturing is considering either replacing one of its old machines with a new machine...