Answer:
Step-by-step explanation:
a) Data and Calculations:
Estimated useful life of a computer = 5 years
Cost of a computer purchased = $2,400
Annual depreciation expense = $480 ($2,400/5)
This means that the business owner chooses to spread (expense) the cost of the computer over 5 years at a rate of $480.
After 3 years, the cost already expensed = $1,440 ($480 * 3)
The Remaining value of this computer after 3 years of use will be $960 ($2,400 - $1,440).
b) Depreciation is an accounting method for spreading (or expensing) the cost of a long-term asset over its useful life.
Answer:
5
-12 + 8 = -4
-4 - (-9) = -4 + 9 = 5
Step-by-step explanation:
Answer:
First one is 6 16/21
Second one is 3 14/15
Step-by-step explanation:
9514 1404 393
Answer:
$491.65
Step-by-step explanation:
The pay for the first 8 hours is $5.40 per hour × 8 hours = $43.20. Hours over 8 are paid at 1.5 × $5.40 = $8.10 per hour. There are at least 8 hours every day for the 6-day week. There are hours over 8 on Monday, Wednesday, Thursday, and Friday totaling 7 hours of overtime.
The amount of sales is more than $3000, so 4% will be paid on $3000, and 5% will be paid on the $1115 in excess of $3000.
So, the gross pay is ...
$43.20 × 6 + 8.10 × 7 = $315.90 . . . . wages
$3000 × .04 +1115 × .05 = $175.75 . . . commission
$315.90 +1.75.75 = $491.65 . . . . gross pay for the week
_____
It can be less tedious to let a spreadsheet do the calculations.