Central Clinic recently purchased a new computer system for a total cost of $64,735. The estimated life of the system is 6 years. The trade-in value of the system after 6 years is estimated to be $900. Using the straight-line method, what is the annual depreciation to the nearest cent?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Central Clinic recently purchased a new computer system for a total cost of $64,735. The estimated life of the system is 6 years. The ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Barefoot Running Company's work in process inventory on June 1 has a balance of $ 22 comma 800$22,800 representing Job No. 265. During June, $ 50 comma 000$50,000 of direct materials were requisitioned for Job No.
Answers (1)
A teacher showed an educational film on daily nutritional needs to one group of students and gave a handout on the same material to another group.
Answers (1)
Concord Corporation can produce 100 units of a component part with the following costs: Direct Materials $21000 Direct Labor 5500 Variable Overhead 19000 Fixed Overhead 11000 If Concord Corporation can purchase the units externally for $50000, by
Answers (1)
If an investor buys enough stocks, he or she can, through diversification, eliminate all of the market risk inherent in owning stocks, but as a general rule it will not be possible to eliminate all diversifiable risk. a. True b. False
Answers (1)
Youngstown Rubber reports the following data for its first year of operation. Direct materials used: $710,000Cost of goods manufactured: 680,000Finished goods inventory, ending: 190,000Finished goods inventory, beginning: 0Manufacturing overhead:
Answers (1)
New Questions in Business
Which of the following scenarios most accuratley reflects the concept of scarcity? (A) john decides not to purchase a new bike.
Answers (1)
GDP does not count: Group of answer choices the estimated value of homemaker production. state and local government purchases. spending for new homes. changes in inventories.
Answers (1)
Dr. Riley, a professor in the economics department, finds that if he keeps his door open, people tend to stop in to say hello. This interruption is distracting. So now Dr.
Answers (1)
MLA style is generally used in which of the following majors, courses and programs at Penn Foster A-Business, Marketing, and Accounting B-English, Art History, and Graphic Arts C - Criminal Justice, Computer Applications, and Economics D - pharmacy
Answers (1)
Which of the following strategies is the easiest to implement? A. Global strategy B. International strategy C. Multidomestic strategy D. Transnational strategy
Answers (1)