Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please need help in this. here is the response but

please need help in this. here is the response but do not understand why it...

80.2K

Verified Solution

Question

Accounting

please need help in this. here is the response but do not understand why it is dividing by 3
then by 4, could you explain in a simple way?
i will really appreciate your help on this! image
Panther Company purchased a machine for $200,000 on January 1, 2018. Panther Co. depreciates machines of this type by the straight-line method over a 10 -year period with the residual value of $20,000. Due to a change in sales patterns, on January 1,2021, management determines the useful life of the machine to be a total of seven years. What amount should Panther Co, record for depreciation expense for 2021? $31,500$18,000

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

What would be the interest rate on a 10-year Treasury bond, given the following information? kpr...

Finance
Q

Each of the following four sets contains two electrons, each of which is defined by four...

Chemistry
Q

Internal thermal regulation is an example of this property of life: Select one or more: a. evolution b. homeostasis c....

Biology
Q

8. Summarize the case for why Pluto should not be considered a planet.

Physics
Q

1.) Do you believe in free will? 2.) If yes, prove it. Convince us that free...

Psychology
Q

ST 7 Find the area shaded below Express your answer as a fraction times T...

Geometry
Q

swer Are the sets equal 28 30 32 34 36 30 32 34 36 No

Basic Math
Q

Marissa and Tori can shovel a driveway together in 22 min. If Marissa can shovel...

Basic Math
Q

Harold can make 9 pizzas in an hour. Write an equation that shows the relationship...

Basic Math
Q

f x 1 In x 5 What can f x 1 In x 5 OA...

Calculus
Q

25. The folowing information relates to a given department of KEAN COMPANY for the fourth...

Accounting
Q

Bueckers Corp. has a current production rate of 5,000,000 units, an average cost of $52...

Accounting