Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on january 1, 2011, waterway industries purchased

On January 1, 2011, Waterway Industries purchased equipment at a cost of $391000. The equipment...

70.2K

Verified Solution

Question

Accounting

On January 1, 2011, Waterway Industries purchased equipment at a cost of $391000. The equipment was estimated to have a salvage value of $13000 and it is being depreciated over eight years under the sum-of-the-years'-digits method. What should be the charge for depreciation of this equipment for the year ended December 31, 2018? $48875 $10500 $47250 $10861

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 have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening...

Accounting
Q

Please summarize and explain the coherence and the correspondence theories of truth. Which theory, if either,...

Psychology
Q

1. How does a temperature sensor based on a diode work? Please provide a qualitative description...

Electrical Engineering
Q

What is the perpendicular cross section from the apex to the base of a pyramid?CircleSquareTriangleRectangle

Basic Math
Q

1 1 C In R a find the orthonormal basis by Gram Schmidt Method 35...

Algebra
Q

Two of the decentralized divisions of Gamberi Electronics Corporation are the Plastics Division...

Accounting
Q

Using an Excel spreadsheet* and your company's financial statements, compute the following for the most...

Accounting
Q

a company reports the following stockholders' equity: Paid in capital commonstock, $10 par, 500,000 shares...

Accounting
Q

Problem 11-42 (LO 11-3, LO 11-4) (Algo) [The following information applies to the questions displayed...

Accounting
Q

IIB (Click the icon to view additional information.) each month. The polypropylene costs $0.10 per...

Accounting
Q

The Xu Corporation uses a periodic Inventory system. The company has a beginning inventory of...

Accounting
Q

Question 7 Consider the following data for these funds. Fund Alpha Omega Omicron Millennium Big...

Finance