sheridan company purchased a new machine on october 1, 2025, at a cost of $66,840. the company estimated that the machine has a salvage value of $6,360. the machine is expected to be used for 70,100 working hours during its 6-year life. compute the depreciation expense under the straight-line method for 2025 and 2026, assuming a december 31 year-end.

Answers

Answer 1

The depreciation expense in 2025 is $2520.

The depreciation expense in 2026 is $11,592.

What is the depreciation expense in 2025 and 2026?

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

Depreciation in 2025 = (number of months the machine was used / number of months in a year) x [(Cost of asset - Salvage value) / useful life]

Depreciation in 2025 = (3/12) x [(66,840 - 6,360) /6] = $2520

Depreciation in 2026 = (book value - salvage value) / useful life

Book value  = cost of the asset - depreciation in 2025

$66,840 - $2,520 = $64,320

Depreciation in 2026 = ($64,320 - 6360) / 5 = $11,592

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Related Questions

Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality (L). Sellers value an H at $2000, an M at $1200 and an L at $800, whereas buyers value an H at $1800, an M at $1600 and an L at $1400. As discussed in the "Akerloff's Lemons Market", sellers are able to distinguish between different quality cars but buyers are not and a buyer believes that in this market 40% of the cars is an H, 30% of the cars is an M and 30% of the cars is an L. a) Determine which type of cars will be sold at the efficient allocation. b) Determine which type of cars will be sold at the market equilibrium.

Answers

Answer:

a) Determine which type of cars will be sold at the efficient allocation.

All cars would be sold in a Pareto efficient allocation.

In a Pareto efficient market, resources are all allocated in teh most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.

b) Determine which type of cars will be sold at the market equilibrium.

Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.

Explanation:

the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620

What was one effect of these actions on the united states? question 5 options: the signing of the treaty of guadalupe hidalgo international criticism of the monroe doctrine the expansion of manufacturing increased profits from international commerce.

Answers

One effect of these actions on the United States was the  international criticism of the Monroe doctrine. Option B.

What was the Monroe doctrine?

The Monroe Doctrine eventually became a cornerstone of American foreign policy, while being at first ignored by the European superpowers. In 1823 U.S. James Monroe declared the United States to be the defender of the Western Hemisphere and forbade other European nations from acquiring more lands in the Americas.

The United States would pledge not to get involved in conflicts between European powers and to refrain from meddling in the internal affairs of European states. 2. The United States would acknowledge the current European colonies in the Western Hemisphere and refrain from meddling in their internal affairs.

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Define The Term "Inelastic"​

Answers

Answer:

its about stuff you need day to day

like water, gasoline, housing, and food

when the price goes up or down consumers' buying habits are the same

"static quantity of a good or service when its price changes"

Investopedia lumenlearning

Answer:

: not elastic: such as. a : inflexible, unyielding. b : slow to react or respond to changing conditions

Explanation:

hope it helps you:)

diferencia entre cinética y equilibrio

Answers

sorry but what is going on ?

A(n) __________ is a financial incentive a firm offers to encourage employees to accept an early retirement offer.

Answers

A "golden handshake" is a financial incentive a firm offers to encourage employees to accept an early retirement offer.

The golden handshake typically includes a combination of financial benefits such as a lump-sum payment, extended health insurance, and additional pension benefits. This incentive aims to entice employees, usually those nearing retirement age, to voluntarily leave their positions earlier than planned.

By doing so, the company can reduce its workforce, cut costs, and create opportunities for younger employees or restructuring. It is essential for employees to carefully evaluate the financial aspects of a golden handshake and determine if the incentives provided will sufficiently support their retirement goals.

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The Millicent Trust reports 2020 gross rent income of $200,000, expenses attributable to the rents of $110,200 and tax-exempt interest from state bonds of $10,000. Under the trust agreement, the trust

Answers

The answer is, the taxable income of The Millicent Trust in 2020 is $79,800.

How to find?

Under the trust agreement, the trust. The gross income of the trust is $200,000

Expenses attributable to rents = $110,200

Tax-exempt interest from state bonds = $10,000

Calculation of taxable income of the trust= Gross Income - Deductions

Gross Income = $200,000

Deductions = $110,200 + $10,000

= $120,200

Taxable Income = $200,000 - $120,200

= $79,800.

So, the taxable income of The Millicent Trust in 2020 is $79,800.

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1. Which of the following is likely to happen when a new business opens in a community?

1. Which of the following is likely to happen when a new business opens in a community?

Answers

Hsishebjsjsmssmssvuciclvkglblbohlh

QUESTION 3 / 10 What is the first step you should take when you want to open a savings account? A. Review the different savings account options that your bank offers. B. Make your initial deposit. C. Go to the bank and fill out an application. D. Present your photo ID to the bank representative.​

Answers

Answer:

A. Review the different savings account options that your bank offers.

What approach does Dave Ramsey recommend for saving for purchases?

Answers

Answer: Sinking fund approach

Explanation: "A sinking fund is where you save a little bit of money every single month for something specific. So, anytime you have a known expense coming up, you can use a sinking fund to save up for it over time".

As Ramsey explains, a sinking fund is different from an emergency fund, because the purpose of it is to prepare for expected expenses that you are going to incur soon. And he believes it us important to have one because it makes big purchases easier to pay for without having to borrow

meaning of accounting​

Answers

Answer:

Accounting is the process of recording financial transactions pertaining to a business. 

Which of the following statements regarding a firm’s pretax cost of debt is accurate?
Multiple Choice
a It is based on the current yield to maturity of the company's outstanding bonds.
b It is equal to the coupon rate on the latest bonds issued by the company.
c It must be estimated as it cannot be directly observed in the market.
d It is equivalent to the average current yield on all of a company's outstanding bonds.
e It is based on the original yield to maturity on the latest bonds issued by a company.

Answers

The correct statement is c) It must be estimated as it cannot be directly observed in the market.

The pretax cost of debt is the cost that a company incurs for borrowing funds through debt instruments such as bonds. It represents the return that investors require for lending money to the company. The pretax cost of debt cannot be directly observed in the market because it depends on various factors such as the company's creditworthiness, market conditions, and the specific terms of the debt instruments. Therefore, it must be estimated rather than directly observed.

Option a) is incorrect because the current yield to maturity of outstanding bonds may not accurately reflect the company's pretax cost of debt as it does not consider other factors such as credit risk. Option b) is incorrect because the coupon rate on the latest bonds issued may not represent the current cost of borrowing for the company. Option d) is incorrect because the pretax cost of debt is not based on the average current yield on all outstanding bonds but rather specific characteristics of the debt. Option e) is incorrect because the original yield to maturity on the latest bonds issued may not accurately represent the current cost of borrowing.

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What is the definition of hangry my friend keeps saying it but i dont understand

Answers

Answer:

hangry is when you feel hungry and angry at the same time

Explanation:

basically, your angry because of the fact that your hungry

what are the importance of store​

Answers

Answer:

to get a source of our need

Answer:

Importance of Store-Keeping: The cost of materials is one of the largest elements of cost. Proper storing of materials is very important to prevent losses from damage, pilferage, and deterioration in the quality of materials.

If the police want to enter a home to find evidence, what must they request?
A. An affidavit of probable cause
O B. A search warrant
O
C. A witness' testimony
о D. A motion for arraignment
SUBM

Answers

Answer:

B. A search warrant

Explanation:

hope it helps

I am stuck on this question can someone help?

I am stuck on this question can someone help?

Answers

Answer:

college-sociologist, hairstylist, biomedical engineer

vocational certification- tour guide, childcare director, museum personnel

Explanation:

Please select the word from the list that best fits the definition Enjoy music in their free time

Answers

Answer:

Auditory Learners

Explanation:

I got it right on edge 2022.

Employee benefits ______. a. decrease total employment compensation b. increase total employment compensation c. decrease net pay d. increase net pay Please select the best answer from the choices provided A B C D

Answers

Employee benefits increase total employment compensation. The Employees' Provident Fund, the Employees' State Insurance Scheme, statutory leaves, gratuities, and maternity leave are examples of statutory benefits.

Common employee benefits include a vehicle or mobility allowance, subsidized or free meals, and internet and cell phone bill reimbursement. Medical, disability, and life insurance, retirement benefits, paid time off, and fringe benefits are the most frequently offered perks. Benefits can be quite compensation worthwhile. The four basic types of employee benefits that many companies offer are medical insurance, life insurance, disability insurance, and retirement programs. Below, we've included a simple definition for each of these categories of employee perks.

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Which of these is a primary and secondary source of market research, respectively?

Answers

Answer:

The answer is focus group interviews and trade associations.

Explanation:

Primary rotates around interviews and trade associations revolve encompassing receiving something back. the primary reference of research is data assembled through original or first-hand examination while the secondary reference is the data information collect by someone in history.

Choose a country other than the United States— maybe a country you would like to visit someday, or a country that speaks a language you have learned or that someone you know speaks.
Respond to the following:

1.Research the real GDP per capita of that country and compare it to the real GDP per capita of the United States.
2.Explain how the costs of production and the standard of living for residents of the two countries might be different based on the different values for real GDP per capita.

Answers

The comparison that would be made here is the Real GDP of the United States and that of Ni/geria per capita in the year 2021. The US has the real GDP per capita as 69,287.54 USD, while Ni/geria has theirs as 2,085.03 USD.

The cost of production is low in USA nd high in Ni/geria

The standard of living is high in USA and very low in Ni/geria

The standards of living in these nations

From the figure that we have here, even though the figure for Ni/geria is a bit exaggerated, I would say that the United States has been able to create a system where the people have a better standard of living by creating all of the means that businesses would thrive.

The cost of production in the USA would be lower and the standard of living would be high obviously.

In Nigeria, the cost of production id high and the standard of living is very low for the people

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Give the names of different types of offices. Why are they necessary?​

Answers

Answer:

Private Office.

Coworking Desk.

Virtual Office.

Enterprise Office.

Explanation:

The primary reason to have an office is collaboration. Every business needs its employees to work together as a team to create and innovate. in addition to productivity, a functional workspace or office contributes to the value of a company and also helps in attracting quality workforce and clients.

________ examine the data prepared by ________ and then make recommendations to top management regarding strategies for improving the firm

Answers

Answer:

important difference between accounting and other business functions, such as marketing and management, is that

the recording, classifying summarizing and interpreting of financial events and transactions to provide management and other interested parties the information they need to make good decisions

Although accounting has several specific uses, the overall purpose of accounting can be summarized as

a major purpose of accounting is to help managers make well informed decisions. another is to report financial information about the firm to interested stakeholders, such as employees owners, creditors, suppliers, unions, community activists, investors and the goverment (for tax purposes)

Managers examine the date prepared by accountants and then make recommendations to top management regarding strategy.

What is Top level management?

Top level management refers to the strategic level which includes the board of the directors, managing directors and Chief executive officers.

Managers review the data generated by accountants and then offer to upper management various ways for the company's improvement.

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how quantitative research helps in ABM?​

Answers

Answer:

Quantitative Research and ABM importance

Research is of paramount significance particularly at the early stages of any Account Based Marketing program. ... “ABM is all about understating your target audience and you can't do that without investing some form of research – be that traditional research or more data-driven approaches to delivering insight.”

global goodness foods has two divisions of equal size: a snack food division and a beverage division. the company's cfo believes that stand-alone snack food companies typically have a wacc of 8%, while stand-alone beverage producers typically have a 12% wacc. he also believes that the snack food and beverage divisions have the same risk as their typical peers; consequently, the cfo estimates that the composite, or corporate, wacc is 10%. a consultant has suggested using an 8% hurdle rate for the snack food division and a 12% hurdle rate for the beverage division. however, the cfo disagrees, and he has assigned a 10% wacc to all projects in both divisions. which of the following statements is correct? a. the decision not to adjust for risk means, in effect, that it is favoring the snack food division. therefore, that division is likely to become a larger part of the consolidated company over time. b. the decision not to risk-adjust means that the company will accept too many projects in

Answers

The correct statement is "The decision not to adjust for risk means, in effect, that it is favoring the snack food division. Therefore, that division is likely to become a larger part of the consolidated company over time.". Option A is correct.

By assigning the same 10% WACC to both divisions, the CFO is not accounting for the differences in risk between snack food and beverage businesses. As a result, projects in the beverage division, which typically have a higher WACC, will appear more attractive than they actually are, leading to an increased acceptance of risky projects in that division.

On the other hand, the snack food division's projects, which typically have a lower WACC, will appear less attractive, causing potentially profitable opportunities to be overlooked. Over time, this imbalance will erode the company's intrinsic value.

Option A holds true.

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Which of the following projects is most likely be used in STEM education to learn technology concepts?
test different sandbag materials that can help prevent flooding
investigate search engine criteria to improve search results
O analyze cleaning products to determine which ones are eco-friendly
conduct a scavenger hunt to see who can find the most geometric shapes

Answers

Answer:

investigate search engine criteria to improve search results

Explanation:

Remember, the application of STEM implies using the knowledge found in the field of science, technology, engineering, and mathematics to carry out projects.

Since the focus is on learning technology concepts, the most likely, that is, the project that is closest to technology is investigating search engine criteria to improve search results.

The answer is:

A) investigate search engine criteria to improve search results

Select the correct answer.
Elite Inc. has the following balances: Cash ($1,000), Equipment ($10,000), Salaries payable ($5,000), Building ($15,000), Land ($50,000), Equity ($50,000), and Loan payable ($10,000). An accountant prepares a Trial Balance, and it does not tally due to an unknown error. Which amount would the accountant record in a suspense account?
A.$12,000
B.$11,000
C.$13,000
D.$9,000
E.$10,500

Answers

Answer:

I went with c

Explanation:

Answer:

B. $11000 | Equipment

Explanation:

Equipment + Cash

if inflation rises unexpectedly by 5%, would a state government that had recently borrowed money to pay for a new highway benefit or lose? g

Answers

A state government that has borrowed money to pay for a new roadway will benefit if inflation unexpectedly climbs by 5%. The state would gain because it would pay back the loan with less valuable currency than it borrowed.

A rise in the cost of goods and services over time that reduces the buying power of money is known as inflation. The state government would gain from an unanticipated surge in inflation of 5% because it would boost its tax revenue as a result of inflation and because it would pay back the debt with less valuable dollars than it had borrowed.

The price level is the mean of the current prices for all the goods and services produced within an economy. The price index's percentage change from the preceding period's index over a given period is known as the inflation rate. It is typically calculated once a year. While the rate of inflation is the rate of growth of the price level, price levels are made up of index numbers. Prices for different goods and services are simply referred to as price levels, but the percentage change in price levels over time is referred to as the rate of inflation.

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Perform an Internet search to obtain information about slotting fees. Make a list of at least 5 advantages and 5 disadvantages from a manufacturer's and retailer's perspective.

Answers

Slotting fees, also known as listing fees or stocking fees, are charges that retailers demand from manufacturers in exchange for allocating space on their shelves for their products. Here are some advantages and disadvantages from both a manufacturer's and a retailer's perspective:

Advantages for manufacturers:

Increased visibility: Paying slotting fees can help manufacturers secure shelf space for their products, increasing their visibility to consumers.

Improved market share: By gaining access to additional shelf space, manufacturers may increase their market share and sales.

Promotion support: Slotting fees can help manufacturers gain additional promotional support from retailers, such as in-store advertising, end-cap displays, and sales.

Improved product positioning: Paying slotting fees can help manufacturers secure more prominent product placement on store shelves, which can increase product appeal and sales.

Competitive advantage: By securing shelf space, manufacturers may be able to keep their products in front of consumers and outmaneuver competitors who don't pay slotting fees.

Disadvantages for manufacturers:

High cost: Slotting fees can be very expensive, especially for small or new manufacturers, which may struggle to afford them.

Risk of failure: Paying slotting fees is no guarantee of success, and manufacturers may not see the return on investment they were hoping for.

Potential for conflict: Manufacturers may feel pressured to pay slotting fees to maintain relationships with retailers, leading to conflicts of interest and potentially damaging long-term relationships.

Difficulty in predicting ROI: It can be challenging for manufacturers to predict the return on investment for slotting fees, making it difficult to justify the expense.

Exclusivity agreements: Retailers may require exclusivity agreements, meaning that manufacturers cannot sell their products through other retailers or channels, limiting their market reach.

Advantages for retailers:

Additional revenue: Slotting fees generate additional revenue for retailers, helping to offset costs associated with maintaining their stores.

Improved product assortment: By charging slotting fees, retailers can carefully curate their product assortment, ensuring that they offer the products that consumers are most interested in.

Stronger supplier relationships: Retailers may use slotting fees as a way to build stronger relationships with manufacturers and suppliers, improving collaboration and support.

Better product performance: Slotting fees can incentivize manufacturers to put more effort into promoting and advertising their products, leading to better product performance.

Competitive advantage: Retailers can use slotting fees to gain a competitive advantage by securing the best products and brands for their stores.

Disadvantages for retailers:

Limited flexibility: Charging slotting fees can limit the flexibility of retailers, as they may be pressured to keep underperforming products on their shelves to avoid losing the fees.

Risk of supplier conflicts: Demanding slotting fees can put retailers at risk of conflicts with suppliers who refuse to pay or feel the fees are unreasonable.

Inflated prices: Slotting fees can increase product prices, which can be passed on to consumers, potentially leading to negative perceptions of the retailer.

Negative brand image: Retailers charging slotting fees may be viewed negatively by consumers, who may see the practice as exploitative or unfair.

Limited product variety: Charging slotting fees can limit the product variety that retailers offer, as they may only stock products from manufacturers who are willing to pay.

Which plan would most likely NOT help you reach the savings needed for college? ​

Which plan would most likely NOT help you reach the savings needed for college?

Answers

D. Start saving about two months before college begins

byron’s style of leadership, ________, energizes employees to work toward a shared and positive vision.
a. directive
b. transformational
c. managerial
d. charismatic

Answers

According to the given question, the correct option is B, which is Byron's style of leadership, which is transformational and energizes employees to work toward a shared and positive vision.

This type of leadership focuses on inspiring and motivating employees to go beyond their own self-interests and work towards a common goal. The leader encourages creativity and innovation and fosters a positive work environment that promotes growth and development.

This type of leadership is effective in bringing about organizational change and increasing employee satisfaction and engagement. With transformational leadership, the content loaded by Byron's style of leadership is aimed at creating a vision for the organization and inspiring employees to work towards achieving that vision.

Byron's style of leadership, which is transformational, energizes employees to work toward a shared and positive vision. Transformational leadership is characterized by inspiring and motivating employees to achieve their full potential and exceed their own expectations. This type of leader focuses on building trust, promoting innovation, and fostering collaboration among team members, which ultimately leads to increased performance and organizational success.

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A firm's demand for labor is known as a derived demand because the firm gains utility from hiring more labor the firm gains utility from hiring more labor A the wage rate paid to workers depends on the demand for labor the wage rate paid to workers depends on the demand for labor B the amount of labor demanded depends on the amount of capital invested the amount of labor demanded depends on the amount of capital invested C the amount of labor demanded depends on the demand for the firm's product the amount of labor demanded depends on the demand for the firm's product D the firm will benefit from hiring additional labor

Answers

Answer:

The correct answer is the option C: The amount of labor demanded depends on the demand for the firm's product.

Explanation:

To begin with, in the microeconomics theory we can find the answer to the question base upon the fact that the "derived demand" of labor is known like that because it will always depend on the amount of output that the company sells. Therefore that the amount of labor hired is derived from the amount of product sold. Understanding that if the company sells more of its product then it will hire more workers in order to increase the offer, according to basic supply laws. And that is why that obviously the demand ends up being dependent from the demand of the product itself.

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The occupant inside a rotating space habitat of the future feels that she is being pulled by artificial gravity against the outer wall of the habitat (which becomes the floor). Which statement is false Mia has two cylindrical bird feeders. her red bird feeder has a diameter of 10 inches and is 8.3 inches tall. what is the volume of the red bird feeder? use x 3.14 and round your answer to the nearest whole number. cubic inches mia's blue bird feeder has a diameter of 12 inches and is 7.5 inches tall. what is the volume of the blue bird feeder? use . * 3.14 and round your answer to the nearest whole number. cubic inches what is the total volume of mia's bird feeders? round your answer to the nearest whole number. cubic inches submit The perimeter of a rectangle is 30 cm. One side is 11 cm longer than the other side. Find thelengths of the sides. Help me Pls1.23 1.0781.2031.17Which choice correctly compares the volumes in milliliters in two of these liquids?A) 1.23 < 1.203B) 1.078 > 1.17C) 1.17 > 1.203D) 1.078 < 1.23 A PRESCRIPTION DRUG CANNOT LEGALLY BE BOUGHT OR SOLD WITHOUT? 2. Circle proper one for given statements according to they are correct or not. a. The address of the current instruction being executed is given in a special register called, the "program-counter". (True/False) b. If we set a bit of the TRIS register to 1, the corresponding port bit will act as the digital output. (True/False)c. The user can access a RAM byte in a set of 4 banks at the same time. (True/False) d. Working register serve as the destination for the result of the instruction execution. It is a 16-bit register. (True/False) how do you do this help me please Point U is on line segment TV . Given TV=8 TU=2, determine the length uv . Under which act (or acts) may liability charges be filed against a cpa who has performed a financial statement review for a public company? Describe the Humid Subtropical ClimateIn what region of North America does the ET climate prevailName four countries of the world, other than the U.S., that have areas with E climates. The price of coffee beans (used to make coffee) has decreased. The price of tea (a substitute good) has decreased. Given these two effects, what can we say about the equilibrium price and quantity of coffee the theory that government borrowing may function like an increase in taxes is known as the marginal propensity to consume. the ricardian equivalence theorem. planned tax policy. congressional tax policy. This essay does not begin with boyd's own assessment of wikepedia. Instead, she starts out with its general reputation and only gradually leads up to her own judgment, stating it most fully in her ending paragraph. What are the advantages of this strategy? What might be the disadvantages? Was it a good choice for this topic? Why or why not? when communicating, one has to be sure to focus on the person, not on his or her behavior and its effects. True or False? Planes A and B intersect.Vertical plane B intersects horizontal plane A at line E D. Line C D is on plane A. Which describes the intersection of planes A and B?line CDline EDpoint Cpoint D HELP PLEASE Make connections to your own life,to the world.This could include connections to your own life,to other talks youve heard or films youve seen,podcasts youve listen to or books youve read. 3. The brain and the spinal cord make up which part of the Nervous System? O Peripheral Nervous System O Central Nervous System OExterior Nervous System O Interior Nervous Systern Find the quotient for 7.868+1.4 ASK QUESTIONS BEFORE COMMITTING TO A PROJECTQUIET SUBMISSIVESOCIAL SUBMISSIVEINVOLVERAGGRESSIVE Cash advance and title pawning are needed services but should be used with caution. a. agree b. disagree