Harris co. takes a full year's depreciation expense in the year of an asset's acquisition and no depreciation expense in the year of disposition. data relating to one of harris's depreciable assets at december 31, 2015 are as follows:
acquisition year 2013
cost $210,000
residual value 30,000
accumulated depreciation 144,000
estimated useful life 5 years
using the same depreciation method as used in 2013, 2014, and 2015, how much depreciation expense should harris record in 2016 for this asset?
a. $24,000
b. $36,000
c. $42,000
d. $48,000

How long have u been on dis website

When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?

On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?