A Company Bought a Computer for 1500 Three Years Later

In 5 5 years she paid them 1500 1500 interest in addition to the 7500 7500 she borrowed. Assuming a 5-year estimated service life and straight line depreciation which accounts would be used to record the disposal of the asset.

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I P r t 1500 7500 r 5 1500.

. The value y in dollar for each computer can be represented by y1500-300 x where x is the number of years after purchase. I use it every day sometimes 12-16 hrs a day. Exponent and logarithm as functions of power.

A computer is worth 1500 at the time of purchase. What was the rate of simple interest. 5 years later the value was 0.

Time in years is x 01500 x10 y1 1500 50 x25 y20. Bough my Dell Inspiron 15 Cyber Monday of 2010 and more than 10 years later it still works great. 57 57 out of 100 100 nursing candidates received their degree at a community college.

Its value in dollars after t years is given by the exponential functi. The land had a fair market value of 85000. The unemployment rate in Michigan in 2014 2014 was 73 73.

Select all that apps. A ratio and. 32 1000 32 1000.

Kenneth lent his niece 1200 to buy a computer. Kenneth lent his niece 1200 1200 to buy a computer. A laptop computer is purchased for 1200.

This of course is a very general idea of the average lifespan of a gaming laptop. This means the computers vale decreased by 15005 or 300 per year. Let y year that laptop will be worth 300 or less Since it loses 70 or 7 of its value then.

After how many years will the laptop computer be worth 300 or less. V 2 1500802. The machine has a class life of 15 years but after 13 years the firm has decided to sell the machine for 320000.

The accounting office depreciates each computer by 300 dollar per year. What was the rate of interest. V n 150080n where n is the nth year that the computer is owned.

After approximately 4 years it will be worth 300 28812. The estimated inventory at the beginning of the year is 22500 units and the desired inventory at the end of the year is 30000 units. The company is considering replacing the four machines with one technologically superior machine capable of producing 400000 units annually by itself.

Two years later Derrick sold the land for. You can expense the computer only for the year it was bought or leased. What was the rate of simple interest.

Pablo borrowed 50000 50000 to start a business. Three years later the computer was sold for 300. The unemployment rate for those with Bachelors degrees was 32 32 in 2014 2014.

In Year 1 Corey bought 200 shares of ABC stock at 10 a share. Two years later. The value of the computer at the time of purchase was 1500.

Tim Grittani left began day trading penny stocks with 1500 three years ago. In Year 2 Corey bought an additional 100 shares of ABC stock at 20 a share. Accounting questions and answers.

1884 as Pawling Harnischfeger Employees. Select all that apply. Pablo borrowed 50000 to start a business.

These machines cost a total of 30000 per year to repair and maintain. A laptop computer is purchased for 1500. Gainloss on sale of asset.

In years-300t 1500. Three years later. Question 811 A company bought a computer for 1500.

Suppose a company has fixed costs of 1500 1000 factory overhead 500 selling administrative. But not to worry the limit for the. Assuming a 5-year estimated service life and straight-line depreciation which account s would be used to record the disposal of the assets.

Its value in dollars after t years is given by the exponential functi. Three years later he repaid the 50000 plus 9375 interest. Its value each year is about 80 of its value in the preceding year.

Under Internal Revenue Code section 179 you can expense the acquisition cost of the computer if the computer is qualifying property under section 179 by electing to recover all or part of the cost up to a dollar limit by deducting the cost in the year you place the computer in. You can take the deduction on your 2017 computer only on your 2017 tax return but you can take it even if you are filing the 2017 return later than the following year. Depreciation expense Fixed assets.

9 XYZ Company owns an asset with historical cost of 75000 estimated useful life of 10 years and salvage value of 5000. Three years later the computer was sold for 300. Harnischfeger Industries Inc.

No gain or loss. So 50 a Lets assume the book value of the computer as the function of its age is y. 14 billion Stock Exchanges.

Each year its value is 70 of its value the year before. After 5 years the computer is outdated and has no monetary value. Three years later the computer was sold for 300.

The fathers adjusted basis in the land was 105000. The computer purchase needs to be within current year expensing limits. A company bought a computer for1500.

The company still owes 20000 in liabilities from the purchase of t. The company chooses to depreciate using the straight-line method for 5 years. Three years later the computer was sold for 300.

Two years later she paid him back the 1200 plus 96 interest. Suppose that a company had just purchased a new computer for 3500. You may be able to deduct the acquisition cost of a computer purchased for business use in several ways.

Suppose that a company has just purchased a new computer for 1500. Three years later the computer was sold for 300. If Colonnade has a marginal tax rate of 34 what is the tax effect associated with the decision.

Box 554 Milwaukee Wisconsin 53201 USA. Firstly we will find slope. As of December 31 2011 the asset has accumulated depreciation of 49000 after adjustment.

The useful life is 6 years and the residual value is 300. By following the lessons of penny stock guru Tim Sykes right Grittani has. In the following exercises write as.

The pattern therefore is. Im planing to buy Asus TUF 173 with Ryzen 7 3750H. So we have 01500 The company chooses to depreciate using the straight-line method for 5 years.

The machines were bought three years ago for 50000 each and have an expected useful life of 10 years with no salvage value. Assuming a 5-year estimated service life and straight line depreciation which accounts would be used to record the disposal of the asset. The book value of the computer after 4 years x4 y3500-7004700.

3554 Paper Industries Machinery. And in year 3 well have another 80 multiplying into this meaning that there will be 3 of them and so the exponent will be 3. Assume the machine was depreciated straight-line over the 15-year life to zero salvage value.

7373 Computer Integrated Systems Design In. V 2 V 180 15008080 and we can simplify to. Answer C is correct.

Answered expert verified. 1 Answer to A company bought a computer for 1500. Assuming a 5-year estimated service life and straight line depreciation which account s would be used to record the disposal of the asset.

A company bought a computer for 1500. Question 811 A company bought a computer for 1500.

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