The Lark Company purchases a warehouse on December 31, 2014 for $130,000 (which includes all capitalizable costs). They put the warehouse into service on January 1, 2015, assigning it a useful life of 16 years and a salvage value of $6,000. Enter your answers below in whole dollars without a $ sign (e. g., xxx). Calculate the depreciable cost of the warehouse. Calculate the annual depreciation expense that Lark must recognize for the warehouse over the next 16 years. Calculate the net book value of the warehouse as of December 31, 2020. As of December 31, 2020, how much total additional depreciation expense should be recognized over the remaining useful life of the warehouse

San ruiz interiors provides design services to residential and commercial clients. the residential services produce a contribution margin of $450,000 and have traceable fixed operating costs of $480,000. management is studying whether to drop the residential operation. if closed, the fixed operating costs will fall by $370,000 and san ruiz’ income will

Your debit card is stolen, and you report it to your bank within two business days. how much money can you lose at most? a. $500 b. $25 c. $50 d. $150

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.