BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

Solutions

Chapter
Section
BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

Calculate the total cost, total depreciation, and annual depreciation for the following assets by using the straight-line method.

Shipping Setup Total Salvage Estimated Useful Life Depreciation
Cost Charges Charges Cost Value (years) Total Annual

$5,600 $210 $54 ____ $600 6

To determine

To calculate: The total cost, total depreciation and annual depreciation of the asset when the asset purchased cost is $5,600.

Explanation

Given Information:

The cost of the asset is $5,600 and the shipping and the setup charges were $210 and $54, respectively. The salvage value of asset is $600 and expected to last 6 years.

Formula used:

The steps to calculate annual depreciation by straight line method are as follows:

Step 1: Calculate the total cost.

Step 2: Calculate the total amount of depreciation by subtracting salvage value from the total cost by using the formula,

Total amount of depreciation=Total costSalvage cost

Step 3: Calculate the annual depreciation by dividing estimated useful life from the total amount of depreciation given by the formula,

Total amount of annual depreciation=Total depreciationestimated useful life

Calculation:

Consider the provided cost of asset is $5,600 and the shipping and the setup charges were $210 and $54, respectively

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Math Solutions

Find more solutions based on key concepts

Show solutions add

(x3y2)2(yx)4

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

Find each product. (2y24y8)(5y2)

Elementary Technical Mathematics

Express the given quantity as a single logarithm. 39. ln 10 + 2 ln 5

Single Variable Calculus: Early Transcendentals, Volume I

True or False: The degree of f (x) = 4x3 + 7x6 + 1 is 7.

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

Identify possible sources and use them to identify a topic area for research.

Research Methods for the Behavioral Sciences (MindTap Course List)