Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. granfleld company has a plece of manufacturing equ

Granfleld Company has a plece of manufacturing equipment with a book value of $41,500 and...

80.2K

Verified Solution

Question

Accounting

image

image

Granfleld Company has a plece of manufacturing equipment with a book value of $41,500 and a remaining useful life of four years. At the end of the four years the equipment will have a zero-salvage value. Granfield can purchase new equipment for $129,000 and recelve $23,200 in return for trading in its current equipment. The current equipment has varlable manufacturing costs of $42,000 per year. The new equipment will reduce variable manufacturing costs by $20,500 per year over its four-year life. The total increase or decrease in income by replacing the current equipment with the new equipment is: $23,800 increase $17,700 decrease $82,000 increase $23,800 decrease $56,050 increase

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

You will write the marketing plan based on a business idea. If you do not have...

General Management
Q

a. When 28.40 and 27.6 are divided, the answer should have ____Enter the answer, using...

Basic Math
Q

Use cylindrical coordinates.Find the mass and center of mass of the S solid bounded by...

Calculus
Q

Find a linear equation satisfying the following f 1 13 and 5 41 f x...

Algebra
Q

Please answer all parts Financial statement impact of...

Accounting
Q

An investment will pay $20,500 at the end of the first year, $30,500 at the...

Accounting
Q

Sixty percent of all technical assistants would like to have a PC. Fifty percent of...

Accounting
Q

Student number:18165033 Street stalls have been trendy recently. After the national "Two Sessions" this year,...

Accounting
Q

What is the consolidated journal entry for consolidated net income?

Accounting
Q

1. You place $40,000 in an investment account today that earns 5% compounded semiannually. How...

Accounting
Q

Color Florists, a retail business, had the following cash receipts during January 20- The sales...

Accounting
Q

what are Batch processing systems

Accounting