Homework Answers
Average net income=Total net income/Total time period
=(32000+28000+19000+15000)/4
=23500
Average investment=(430,000/2)=$215,000
AAR=Average net income/Average investment
=23500/215,000
=10.93%(Approx).
Add Answer to:
Bodner Corporation purchased an asset costing $430,000. The asset has a 4 year life, no salvage...
Peavey Enterprises purchased a depreciable asset for $32,000 on April 1, Year 1. The asset will...
Peavey Enterprises purchased a depreciable asset for $32,000 on April 1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the asset's salvage value is $4,000, what will be the amount of accumulated depreciation on this asset on December 31, Year 3? Multiple Choice $19,250 $5,833 $5,833 $7,000 $23,333
Equipment costing $15,000 with an estimated salvage value of $1,080 and an estimated life of 4 years was purchased on Oc...
Equipment costing $15,000 with an estimated salvage value of $1,080 and an estimated life of 4 years was purchased on October 31, 2019. Using the straight-line depreciation method, what is the amount of depreciation expense to be recorded at December 31, 2019?
28) When originally purchased, a vehicle costing $26.460 had an estimated useful life of 8 years...
28) When originally purchased, a vehicle costing $26.460 had an estimated useful life of 8 years and an estimated salvage value of $3500. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value. The depreciation expense in year 5 equals: A) S3038.00. B) $11,480.00. C) $5908.00. D) $5740.00 E) $2870.00. 29) Lima Enterprises purchased a depreciable asset for $29.000 on...
A machine costing $215,800 with a four-year life and an estimated $19,000 salvage value is installed in Luth...
A machine costing $215,800 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 492,000 units of product during its life. It actually produces the following units: 123,000 in Year 1, 123,200 in Year 2, 120,800 in Year 3, 135,000 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted....
Thomas Enterprises purchased a depreciable asset on October 1. Year 1 at a cost of $100,000....
Thomas Enterprises purchased a depreciable asset on October 1. Year 1 at a cost of $100,000. The asset is expected to have a salvage value of $15,000 at the end of its five-year useful life. If the asset is depreciated on the double-declining balance method, the asset's book value on December 31, Year 3 will be: $18.360 O $21,600 $32,400 $90,000 $27.540 Lomax Enterprises purchased a depreciable asset for $22.500 on March 1, Year 1 The asset will be depreciated...
A machine costing $213,800 with a four-year life and an estimated $19,000 salvage value is installed...
A machine costing $213,800 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 487,000 units of product during its life. It actually produces the following units: 122,500 in Year 1 124,300 in Year 2.120,400 in Year 3, 129,800 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate--this difference was not predicted. (The...
A machine costing $216,200 with a four-year life and an estimated $19,000 salvage value is installed...
A machine costing $216,200 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 493,000 units of product during its life. It actually produces the following units: 122,600 in Year 1, 122,600 in Year 2, 121,000 in Year 3, 136,800 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate—this difference was not predicted....
Equipment costing $15,000 with an estimated salvage value of $1,080 and an estimated life of 4...
Equipment costing $15,000 with an estimated salvage value of $1,080 and an estimated life of 4 years was purchased on October 31, 2019. Using the straight-line depreciation method, what is the amount of depreciation expense to be recorded at December 31, 2019?
A machine costing $209,000 with a four-year life and an estimated $15,000 salvage values installed in...
A machine costing $209,000 with a four-year life and an estimated $15,000 salvage values installed in Luther Company's factory on Januaryt. The factory manager estimates the machine w produce 485,000 units of product during its life. It actually produces the following units: 12.700 In Year 1,123,400 in Year 2, 120.500 In Year 3, 129.400 In Year. The total number of units produced by the end of Year 4 exceeds the original estimateth's dierence was not predicted. (The machine cannot be...
Peavey Enterprises purchased a depreciable asset for $31000 on April1, Year 1. The asset will be...
Peavey Enterprises purchased a depreciable asset for $31000 on April1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the assets salvage value is $3.800, what will be the amount of accumuliated depreciation on this asset on December 31, Year 3? $18.700 6,800 $22667 Type here to search /192019
28) When originally purchased, a vehicle costing $26.460 had an estimated useful life of 8 years and an estimated salvage value of $3500. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value. The depreciation expense in year 5 equals: A) S3038.00. B) $11,480.00. C) $5908.00. D) $5740.00 E) $2870.00. 29) Lima Enterprises purchased a depreciable asset for $29.000 on...
A machine costing $215,800 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 492,000 units of product during its life. It actually produces the following units: 123,000 in Year 1, 123,200 in Year 2, 120,800 in Year 3, 135,000 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted....
Thomas Enterprises purchased a depreciable asset on October 1. Year 1 at a cost of $100,000. The asset is expected to have a salvage value of $15,000 at the end of its five-year useful life. If the asset is depreciated on the double-declining balance method, the asset's book value on December 31, Year 3 will be: $18.360 O $21,600 $32,400 $90,000 $27.540 Lomax Enterprises purchased a depreciable asset for $22.500 on March 1, Year 1 The asset will be depreciated...
A machine costing $213,800 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 487,000 units of product during its life. It actually produces the following units: 122,500 in Year 1 124,300 in Year 2.120,400 in Year 3, 129,800 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate--this difference was not predicted. (The...
A machine costing $216,200 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 493,000 units of product during its life. It actually produces the following units: 122,600 in Year 1, 122,600 in Year 2, 121,000 in Year 3, 136,800 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate—this difference was not predicted....
Equipment costing $15,000 with an estimated salvage value of $1,080 and an estimated life of 4 years was purchased on October 31, 2019. Using the straight-line depreciation method, what is the amount of depreciation expense to be recorded at December 31, 2019?
A machine costing $209,000 with a four-year life and an estimated $15,000 salvage values installed in Luther Company's factory on Januaryt. The factory manager estimates the machine w produce 485,000 units of product during its life. It actually produces the following units: 12.700 In Year 1,123,400 in Year 2, 120.500 In Year 3, 129.400 In Year. The total number of units produced by the end of Year 4 exceeds the original estimateth's dierence was not predicted. (The machine cannot be...
Peavey Enterprises purchased a depreciable asset for $31000 on April1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the assets salvage value is $3.800, what will be the amount of accumuliated depreciation on this asset on December 31, Year 3? $18.700 6,800 $22667 Type here to search /192019
Most questions answered within 3 hours.
-
Answer the following questions
In your own words, define each of these terms
- Branding, Packaging,...
asked 1 minute ago -
Briefly discuss developments in the crude oil market and your
outlook, using the microeconomic concepts discussed...
asked 3 minutes ago -
A diver comes off a board with arms straight up and legs
straight down, giving her...
asked 4 minutes ago -
What advantages does the Natural Law Theory have in comparison
with the Divine Command Theory? Explain...
asked 5 minutes ago -
Electrons are accelerated through potential difference of 12 V
and are bombarding the hydrogen atoms. To...
asked 6 minutes ago -
The first stock pays a current dividend of $2 which is growing
at 3% per year....
asked 14 minutes ago -
Assume an array list is declared as follows:
int list[100]
and that all other variables have...
asked 23 minutes ago -
Do you believe that as the pool of engineers decrease, or become
in higher demand, that...
asked 31 minutes ago -
A
700 kg car is coasting along a level road, slowing down at an
acceleration of...
asked 39 minutes ago -
find dB IL for a sound with the intensity of 3x10^-13 w/sq meter
with a reference...
asked 40 minutes ago -
Case 7-3: Wentworth Hospital Discussion Questions: essay
paragraph
Is there anything irregular here?
What is your...
asked 43 minutes ago -
1- A) How many milliliters of 0.100 M NaOH are needed to
neutralize 50.00 mL of...
asked 1 hour ago