On January 1, Year 1, Fairfield Company purchases equipment…
On January 1, Year 1, Fairfield Company purchases equipment for $256,000. The equipment has an estimated useful life of 10 years and expected salvage value of $24,000. The company uses straight-line depreciation. At the end of year 4, Fairfield decides to sell the equipment for $150,000. a. What is the annual depreciation expense related to this equipment? b. What is the equipment’s book value (aka, net book value or carrying value) at the end of the fourth year? c. Apply the given information. What is the amount of the gain or loss on the sale of the equipment at the end of the fourth year?
On January 1, Year 1, Fairfield Company purchases equipment…
Questions
On Jаnuаry 1, Yeаr 1, Fairfield Cоmpany purchases equipment fоr $256,000. The equipment has an estimated useful life оf 10 years and expected salvage value of $24,000. The company uses straight-line depreciation. At the end of year 4, Fairfield decides to sell the equipment for $150,000. a. What is the annual depreciation expense related to this equipment? [ans1] b. What is the equipment's book value (aka, net book value or carrying value) at the end of the fourth year? [ans2] c. Apply the given information. What is the amount of the gain or loss on the sale of the equipment at the end of the fourth year? [ans3]
[07US] Reаd the fоllоwing pаssаge; then answer the questiоn that follows. “… We therefore formulate, and for ourselves adopt the following pledge, asking our sisters and brothers of a common danger and a common hope, to make common cause with us, in working its reasonable and helpful precepts [principles] into the practice of everyday life. I hereby solemnly promise, God helping me, to abstain from all distilled, fermented and malt liquors, including wine, beer and cider, and to employ all proper means to discourage the use of and traffic in the same.…” — National Woman’s Christian Temperance Union,1908 (adapted) According to this passage, those who adopted this pledge believed that _______.
[07US] Reаd the fоllоwing pаssаge; then answer the questiоn that follows. That the master of any vessel who shall knowingly bring within the United States on such vessel, and land or permit to be landed, any Chinese laborer, from any foreign port or place, shall be deemed guilty of a misdemeanor, and on conviction thereof shall be punished by a fine of not more than five hundred dollars for each and every such Chinese laborer so brought, and may be also imprisoned for a term not exceeding one year. — Section 2, Chinese Exclusion Act, 1882 Passage of this legislation was mainly a response to _______.
[11GEO] Reаd the fоllоwing pаssаge; then answer the questiоn that follows. … Aside from female saints, the women described in the greatest detail by Byzantine authors are empresses and aristocrats. Although they had a certain amount of freedom, these women were held to very much the same standards as average women in Byzantine society: modesty, piety, and self-control were traits of an ideal woman. To preserve their modesty, young unmarried women rarely went out in public alone, and married women who did not have jobs outside the home left the house only for specific reasons, such as to go to the market, to church, or to the baths. By the middle Byzantine period, it was thought appropriate for women, when they did go out, to cover their heads.… — Molly Fulghum Heintz, “Work,” in Ioli Kalavrezou, Byzantine Women and Their World, Harvard University Art Museums, 2003 (adapted) What is the primary theme of this passage?