Clayton, inc. purchased a van on january 1, 2016, for $850,000. estimated life of the van was five years, and its estimated residual value was $91,000. clayton uses the straight-line method of depreciation. at the beginning of 2018, the company revised the total estimated life of the asset from five years to four years. the estimated residual value remained the same as estimated earlier. calculate the depreciation expense for 2018.
a.$227,700
b.$113,850
c.$136,600
d.$273,200

Answers

Answer 1
A) 227,700
Depreciation per year = (Cost - Residual value) / Useful life
Depreciation per year = ($850,000 - $91,000 ) / 5 = $151,800
Depreciation provided in the books = $151,800 Ãâ€" 2 years = $303,600
Revised depreciation for the year 2018 = ($850,000 - $303,600 - $91,000 ) / 2 = $227,700

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Hope it helped

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Answers

False
   I just took the test

The correct answer is False

Explanation:

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Answers

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Answer:

Show the maximum possible outcomes.

Explanation:

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customers of its boutique store in the​ haight-ashbury neighborhood of san francisco are more likely to demonstrate greater rates of adoption for trendy fashions

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How much money has to be invested at 5.1% interest compounded continuously to have $17,000 after 14 years?

Answers

We will use the formula; A = Pe^(r*t)
Given;
A = 17,000
r = 5.1%
t = 14
Solution;A = Pe^(r*t)  Compounding continously
17,000 = Pe^(.051*14)
17,000/e^(.714) = P
      $8324.59  = P 
The money that has been invested at 5.1% interest and compounded contiounsly to have 17,000 after 14 years is $8324.59

Answer:

$8324.59

Explanation:

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