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General Bearings Company is considering an investment in equipment that will replace direct labor. The equipment has

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General Bearings Company is considering an investment in equipment that will replace direct labor. The equipment has a cost of $94,000, with a $6,000 residual value and an 8-year life. The equipment will replace one employee who has an average wage of $26,000 per year. In addition, the equipment will have operating and energy costs of $8,250 per year.

Determine the average rate of return on the equipment, giving effect to straight-line depreciation on the investment.


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I a web and systems developer with a vast array of knowledge in many different front end and back end languages, responsive frameworks, databases, and best code practices. My objective is simply to be the best web developer that i can be and to contribute to the technology industry all that i know and i can do. My skills include: - Front end languages: css, HTML, Javascript, XML - Frameworks: Angular, Jquery, Bootstrap, Jasmine, Mocha - Back End Languages: Java, Javascript, PHP,kotlin - Databases: MySQL, PostegreSQL, Mongo, Cassandra - Tools: Atom, Aptana, Eclipse, Android Studio, Notepad++, Netbeans. Having a degree in Computer Science enabled me to deeply learn most of the things regarding programming, and i believe that my understanding of problem solving and complex algorithms are also skills that have and will continue to contribute to my overall success as a developer. I’ve worked on countless freelance projects and have been involved with a handful of notable startups. Also while freelancing I was involved in doing other IT tasks requiring the use of computers from working with data, content creation and transcription.
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Accounting

Accounting

ISBN: 978-0324188004

21st Edition

Authors: Carl s. warren, James m. reeve, Philip e. fess

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In accounting terms, depreciation is defined as the reduction of the recorded cost of a fixed asset in a systematic manner until the value of the asset becomes zero or negligible. An example of fixed assets are buildings, furniture, office equipment, machinery, etc. The land is the only exception that cannot be depreciated as the value of land appreciates with time. Depreciation allows a portion of the cost of a fixed asset to be the revenue generated by the fixed asset. This is mandatory under the matching principle as revenues are recorded with their associated expenses in the accounting period when the asset is in use. This helps in getting a complete picture of the revenue

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