Warner Brothers Studios uses the sum-of-the-years-digits method of depreciation. A camera unit costing $112,500 has an estimated life of ten years and an estimated scrap value of $8,100 . Compute the amount of depreciation taken in the seventh year
$7,592.73
You might also like to view...
When connectors become impolite with PR practitioners, it is acceptable industry practice to aggravate the connectors
Indicate whether the statement is true or false
Strategic marketers in nonprofit organizations typically need to influence which of the following constituencies?
a. clients or customersb, target audiencesc, funding sources (individual donors and corporate sponsors) d, volunteers e, all of the above
[The following information applies to the questions displayed below.]Baltimore Company issued a $9,000 face value discount note to Bank of the Chesapeake on March 1, Year 1. The note had a 5% discount rate and a one-year term to maturity.How would the adjusting entry to record interest expense on December 31, Year 1 affect the elements of the financial statements? Assets=Liab.+EquityRev.?Exp.=Net Inc.Cash FlowA.NA=375+(375)NA?375=(375)NAB.NA=450+(450)NA?450=(450)NAC.(375)=NA+(375)NA?375=(375)(375) OAD.(450)=(450)+NANA?NA=NA(450) OA
A. Option A B. Option B C. Option C D. Option D
The First National Bank lends Simmons $1,000 . Simmons agrees to pay the bank the original loan plus $1,500 interest within a six-month period. This is an example of a(n)
a. revolving loan. b. usurious loan by the First National Bank. c. price-fixing agreement. d. exculpatory clause in a contract involving a loan of money.