Advanced Placement (AP) College

Equipment was purchased for $250,000 plus $500 in freight charges. Installation costs were $750 and sales tax totaled $18,750. Hiring a special consultant to provide advice during the selection of the equipment cost $500. What is this asset's depreciable basis?

Answers

Answer 1

Answer:

The asset's depreciable basis is:

= $270,500

Explanation:

a) Data and Calculations:

Equipment purchase cost = $250,000

Freight charges =                           500

Installation costs =                          750

Sales tax                                     18,750

Special consultant fee                   500

Total acquisition costs =     $270,500

Depreciable basis = Acquisition costs - Salvage value

= $270,500 - $0

= $270,500

b) The depreciable basis is the amount of the asset that is subject to depreciation over its useful life.  This amount is obtained by subtracting the salvage value from the acquisition costs.  The acquisition costs include the purchase price of an asset plus the costs incurred to put the asset into service, which include any sales taxes, delivery charges, and installation fees.

Related Questions

Describe the preparation of oxy carbon of halogen

Answers

Answer:

Mixing of oxygen, halogens and A element.

Explanation:

Molecular oxohalides also known as oxyhalides are the type of chemical compounds in which both oxygen and halogen atoms are attached to another chemical element. Oxyhalides have the general formula i.e. AOmXn, in this formula X refers to F, Cl, Br, I, O refers to oxygen atom and A refers to main group element, a transition element or an actinide. These three elements combine together forming oxyhalides.

The average distance between the variable scores and the mean in a set of data is the
А.
range
B. standard deviation
С.
mean
D median
Please select the best answer from the choices provided
В.
ОООО
D

Answers

Answer: B

Explanation:

A standard deviation measures how far away a value is from the mean value in a dataset, specifically how many standard deviations away.The range is the maximum number minus the minimum number.Mean is the average of all valuesThe median is the middle value of the dataset.

b is correct

Standard deviation is correct

What are the three categories of teratogens?

A. Environmental hazards, infection, and drugs and alcohol

B. Infection, disease, and poor nutrition

C. Poor nutrition, drugs and alcohol, and vitamins

D. Disease, poor nutrition, and vitamins

E. Drugs and alcohol, infection, and accidents

Answers

Answer:

A.

physical agents, metabolic conditions, infection, and finally, drugs and chemicals.

The idea that Sophia is born with high genetic potential for intelligence that determines the boundaries of her intelligence, but that her environment interacts with those genes to determine wherein her intelligence falls within those bounds is known as

Answers

Answer:

NATURE & NURTURE

Explanation:

NATURE  :is The idea that Sophia is born with high genetic potential for intelligence that determines the boundaries of her intelligence,

but that her environment interacts with those genes to determine wherein her intelligence falls within those bounds is known as: NURTURE

RESPETAR LA CAPACIDAD DE CARGA DE UN DESTINO, LE ALARGA LA VIDA UTIL.

Answers

Explanation:

hope it helps

brainliest please ❤

if call its name,you break it what is it​

Answers

Answer:

Silence

Explanation:

The phrase "braking the silence" refers to making noise in an otherwise quiet area

The period of life from about age 13 to the early twenties, during which a young person is no longer physically a child, but is not yet an independent, self-supporting adult, is called

adolescence

tweens

young adulthood

early adulthood

puberty

Answers

The period of life from about age 13 to the early twenties, during which a young person is no longer physically a child, but is not yet an independent, self-supporting adult, is called early adulthood. Thus, option D is correct.

What is adulthood?

Adulthood has a very critical period because after half of the century when the person has to transform into the adulthood. Its has been critical period and the psychologically to the changes many things. When the person change in the adulthood everything just goes change such as the physical, or the mental, as well as the social and the psychological perspective of the person.

These days this process has been slower and not uniform just because these days the marriages has been conducted at the age of mid 29 to 32. So it leads a less crisis for the adults. The main incident that happened these days with the adults that they are simply aimless, and irresponsible and emotionally they are not stable. Adults do not committed to their own aim or work, even the relations these days.

Therefore,The period of life from about age 13 to the early twenties, during which a young person is no longer physically a child, but is not yet an independent, self-supporting adult, is called early adulthood. Thus, option D is correct.

Learn more about adulthood on:

https://brainly.com/question/10477610

#SPJ2

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