Gravity hospital purchased a new item of equipment on january 1,20x1. the equipment has an estimated useful life of ten years and an expected salvage value of 20 percent. gravity hospital’s december 31, 20x5, balance sheet reports $10,000 of accumulated depreciation on this equipment. what was the cost of the equipment when it was acquired on january 1, 20x1?

  $25000

Step-by-step explanation:

If the salvage value is 20% of the cost, then 80% of the cost will be depreciated over 10 years. Over the 5 years from Jan 1 20X1 to Dec 31 20X5, the $10,000 accumulated depreciation represents 5/10 of that 80%, or 40% of the initial cost.

  $10,000 = 0.40 × cost

  $10,000/0.40 = cost = $25,000

The acquisition cost of the equipment was $25,000.

6,250

step-by-step explanation:

to get the area, multiply 360 by 160.(57,600)

to find out how many bags of fertilizer it will take, first figure out how many square feet one bag can hold. divide 1000 by 8(125) to get the unit rate(how many square feet one pound of fertilizer can hold)and multiply it by 50(6250). if i haven't made a mistake, that is the answer.

ask the math teacher she or he would know lol.

step-by-step explanation: