On january 1, year 1, scott company purchased a new machine for $220,000. the machine is expected to have an eight-year life and a $20,000 salvage value. on january 1, year 3, scott sold the equipment for $180,000.

do not use dollar signs ($), commas or decimal points in your answers.

1. calculate the annual straight-line depreciation on the machine. blank 1. fill in the blank, read surrounding text.

2. what is the machine's book value at the end of year 2 after the annual depreciation has been recorded? blank 2. fill in the blank, read surrounding text.

3. calculate the gain or loss on the sale of the machine. (use a minus sign to indicate a loss.) blank 3. fill in the blank, read surrounding text.

1. Annual straight-line depreciation = 25000

2. Machine's book value at the end of Year 2 = 170000

3. Gain on the sale of the machine = 10000

Step-by-step explanation:

1. Let's review the information provided to us to answer the questions correctly:

Price of the new machine purchased by Scott Company = 220,000

Expected life of the machine = 8 years

Salvage value = 20,000

Price of sale of the machine after 2 years of usage = 180,000

2.  Calculate the annual straight-line depreciation on the machine.

Annual depreciation = (Price of purchase of the new machine - Salvage value)/Expected life of the machine

Replacing with the real values, we have:

Annual depreciation = (220,000 - 20,000)/8

Annual depreciation = 200,000/8

Annual straight-line depreciation = 25000

3. What is the machine's book value at the end of Year 2 after the annual depreciation has been recorded?

Machine's book value at the end of Year 2 = Price of the new machine purchased by Scott Company - 2 * Annual straight-line depreciation

Replacing with the real values, we have:

Machine's book value at the end of Year 2 = 220,000 - 2 * 25,000

Machine's book value at the end of Year 2 = 220,000 - 50,000

Machine's book value at the end of Year 2 = 170000

4. Calculate the gain or loss on the sale of the machine.

Gain or loss on the sale of the machine = Price of sale of the machine after 2 years of usage - Machine's book value at the end of Year 2

Replacing with the real values, we have:

Gain or loss on the sale of the machine = 180,000 - 170,000

Gain on the sale of the machine = 10000

answer: e 9, 5.75

step-by-step explanation:

step 1

find the variation ab in the x coordinate

delta x=(x2-x1)=10-> 8 units

find the variation ab  in the y coordinate 

delta y=(y2-y1)=6-> 2 units

step 2

find the coordinates point c

  x coordinate 

cx=ax+delta x*2/> cx=2+8*(2/> cx=3

  y coordinate 

cy=ay+delta y*2/> cy=4+2*(2/> cy=4.25

the coordinates of point c are (3,4.25)

step 3

find the coordinates point d

  x  coordinate 

dx=ax+delta x*4/> dx=2+8*(4/> dx=4

  y  coordinate 

dy=ay+delta y*4/> dy=4+2*(4/> dy=4.5

the coordinates of point d are (4, 4.5)

step 4

find the coordinates point e

  x  coordinate 

ex=ax+delta x*4/> ex=2+8*(6/> ex=5

  y  coordinate 

ey=ay+delta y*4/> ey=4+2*(6/> ey=4.75

the coordinates of point e are (5, 4.75)

step 5

find the coordinates point f

  x  coordinate 

fx=ax+delta x*4/> fx=2+8*(8/> fx=6

  y  coordinate 

fy=ay+delta y*4/> fy=4+2*(8/> fy=5

the coordinates of point f are (6,5)

step 6

find the coordinates point g

  x  coordinate 

gx=ax+delta x*4/> gx=2+8*(10/> gx=7

  y  coordinate 

gy=ay+delta y*4/> gy=4+2*(10/> gy=5.25

the coordinates of point g are (7,5.25)

step 7

find the coordinates point h

  x  coordinate 

hx=ax+delta x*4/> hx=2+8*(12/> hx=8

  y  coordinate 

hy=ay+delta y*4/> hy=4+2*(12/> hy=5.5

the coordinates of point h are (8,5.5)

step 8

find the coordinates point i

  x  coordinate 

ix=ax+delta x*4/> ix=2+8*(14/> ix=9

  y  coordinate 

iy=ay+delta y*4/> iy=4+2*(14/> iy=5.75

the coordinates of point i are (9,5.75)

- r3ktforgood ☕

rick has $1400 and sally has $1500

step-by-step explanation:

to find amount of money rick has after 10 years :

principal = $1000 , time = 10 years , rate = 4% annually

to find amount of money sally has after 10 years :

her friend gives to pay her $50 per year, therefore money she has after 10 years = 50 × 10 = $500

also, sally gets $1000 after 10 years,

therefore, total amount of money sally has after 10 years = 500 + 1000 = $1500

so, after 10 years : rick has $1400 and sally has $1500