The chester company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. the expected salvage value at the end of 15 years is $4,090,000. what will the depreciation expense for this purchase (exclude all other plant and equipment) be for the second year of use? (use fasb gaap)
a. $2,726,667
b. $2,454,000
c. $5,453,333
d. $4,908,000

b.2,454,000

Explanation:

The Depreciation expense for the item plant and equipment can be calculated using the following formula:

Depreciation=Cost of asset-Salvage value/useful life

In this question

Cost of asset is $40,900,000

Salvage value is $4,090,000

Useful life is 15 years

Hence Depreciation expense to be recognised in the accounts of the Chester Company in respect of an item of plant and equipment for the second year of use shall be:

Depreciation=$40,900,000-$4,090,000/15=$2,454,000

Therefore, the answer is b.2,454,000

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'