At the beginning of year 1, looby corp. purchases equipment for $100,000. the equipment has a residual value of $20,000 and an expected useful life of 10 years. assuming straight-line depreciation, what is book value at the end of year 2?
a) 10,000 dollars
b) 28,000 dollars
c) 8,000 dollars
d) 30,000 dollars
Answers: 3
Other questions on the subject: Business
Business, 21.06.2019 22:40, ipcmeaganlatham
wilson's has 10,000 shares of common stock outstanding at a market price of $35 a share. the firm also has a bond issue outstanding with a total face value of $250,000 which is selling for 102 percent of face value. the cost of equity is 11 percent while the preminustax cost of debt is 8 percent. the firm has a beta of 1.1 and a tax rate of 34 percent. what is wilson's weighted average cost of capital?
Answers: 3
Business, 22.06.2019 09:40, leomessifanboy678
As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?
Answers: 3
Business, 22.06.2019 14:30, ayoismeisjjjjuan
Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.
Answers: 3
Do you know the correct answer?
At the beginning of year 1, looby corp. purchases equipment for $100,000. the equipment has a residu...
Questions in other subjects:
Mathematics, 18.12.2020 21:50
Physics, 18.12.2020 21:50
Mathematics, 18.12.2020 21:50
Mathematics, 18.12.2020 21:50
Mathematics, 18.12.2020 21:50
