On January 1, 20x3, Teradene Corporation purchased equipment for $59,000. The equipment is expected to have a four-year life, with a residual value of $5,000 at the end of four years. Using the sum-of-the-years'-digits method of depreciation, what is the amount of 20x3 depreciation expense and the book value of this equipment at December 31, 20x3?: (Do not round intermediate calculations.) Multiple Choice O $21,600 and $37,400 respectively. O $21,600 and $32,400 respectively. $23,600 and $30,400 respectively. O $23,600 and $35,400 respectively.

On January 1, 20x3, Teradene Corporation purchased equipment for $59,000. The equipment is expected to have a four-year life, with a residual value of $5,000 at the end of four years. Using the sum-of-the-years'-digits method of depreciation, what is the amount of 20x3 depreciation expense and the book value of this equipment at December 31, 20x3?: (Do not round intermediate calculations.) Multiple Choice O $21,600 and $37,400 respectively. O $21,600 and $32,400 respectively. $23,600 and $30,400 respectively. O $23,600 and $35,400 respectively.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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List Paragraph For the... badiya aldujaili BA AutoSave ff Search EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut - A^ A° Aav A E - E - E E E O Find - Calibri (Body) 11 AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa 自Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em... A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 5 6. 7 If Busby Corporation's variable cost ratio is 0.75, targeted after tax net income is $27,580 (tax rate of 20%), and targeted sales volume in dollars is $219,000 then Busby's total fixed costs are: a. $27,170 b. $71,380 c. $20,275 d. $136,670 e. $129,775 f. $26,350 g. $54,750 Page 3 of 3 331 words English (United States) Focusם 160% 8:28 PM O Type here to search ENG 2/11/2021 (凸) . I . I ..?. . . E • . . L. . . t .. I ..
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