As a city engineer, you seek the capitalized cost of perpetual service from a water storage tank. Due to the highly corrosive nature of your coastal environment, the tank (which costs $40,000) is maintained at an annual cost of $1000 and is replaced every 10 years. Whenever its service life ends, the tank is intended to be sold to a steel mill as metal scrap for $3000. Using 10% interest rate: (a) Find the capitalized cost of the storage tank investment. (b) Give two reasons why the formula you used in (a) is most appropriate for questions involving civil systems of this type. (c) How much depreciation does this tank undergo in its service life? (d) What is the average annual rate of depreciation? State any assumptions.
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Business, 22.06.2019 08:30
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Business, 22.06.2019 15:20
On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.
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Business, 22.06.2019 16:10
The brs corporation makes collections on sales according to the following schedule: 30% in month of sale 66% in month following sale 4% in second month following sale the following sales have been budgeted: sales april $ 130,000 may $ 150,000 june $ 140,000 budgeted cash collections in june would be:
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As a city engineer, you seek the capitalized cost of perpetual service from a water storage tank. Du...
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