On January 2, Dice Co. purchases a mixing machine for $25,500. The machine is expected to last four years and has a salvage value of $5,500.
Assuming the company uses the straight-line method, depreciation expense should be $ per year.

The answer is $5,000

Explanation:

The formula for depreciation using the straight-line method is:

(Cost of asset - residual(salvage value) ÷ useful life.

Cost of the asset is $25,500

Salvage value is $5,500

Useful live of the asset is 4 years

($25,500 - $5,500) ÷ 4

$20,000 ÷ 4

= $5,000

Therefore, depreciation expense for the year is $5,000

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

the third answer is correct.