Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on may 1, 2025, concord company purchased factory

On May 1, 2025, Concord Company purchased factory equipment for $748900. The asset's useful life...

50.1K

Verified Solution

Question

Accounting

On May 1, 2025, Concord Company purchased factory equipment for $748900. The asset's useful life in hours is estimated to be 217000. The estimated salvage value is $37000 and the estimated useful life in years is 9. The machine was used for 28000 hours in the first year. If the activity method is used, what is depreciation expense for 2025? (Round the depreciation rate to 4 decimal places eg 15.2578.) O $91857 O $79100 O $52733 O $97457

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1)Consider a file system in which a file can be deleted and its disk space reclaimed...

Programming
Q

Relative humidity isn't everything. Why is it that outdoor air of 80 Fo at 55% humidity...

Physics
Q

1. Consider the group Zp for a prime p with multiplication multiplication mod p). Show that...

Advance Math
Q

Dipole having dipole moment 4C m is placed on origin along x axis Point charge...

Physics
Q

Determine and Hand o from the given parameters of the population and the sample size...

Statistics
Q

K Oleg s Steel Parts produces parts for the automobile industry Read the requirements Requirement...

Statistics
Q

Here are summary statistics for randomly selected weights of newborn girls n 36 x 3216...

Statistics
Q

Average Cost Jesaki Water Sports incurs the following costs in producing a water ski vests...

Calculus
Q

What is a reasonable approximation for angle B if the ratio of the adjacent leg...

Algebra
Q

A portion of the combined statement of income and retained earnings of Indigo...

Accounting
Q

A company has the following purchases and sales during February. Using the FIFO periodic inventory...

Accounting
Q

Crane Company's sales budget projects unit sales of part 198Z of 10,600 units in January,...

Accounting