What is the annual charge for depreciation

Assignment Help Other Subject

Reference no: EM133542663

Discussion Post: Health Care Finance

Question I. Dr. Jay is opening an emergency vet service within his community in January. He invested $425,000 cash into the business. Dr. Jay bought vet supplies, equipment, vet software, and office equipment for $200,000. In addition, there is a long-term loan for $50,000. What is his total owner's equity?

Question II. A dental organization has $725,000 as an outstanding loan, for which the principal must be paid at the rate of $150,000 for the next 5 years. In the balance sheet, what would be the current portion of long-term debt and what is the remaining debt?

Question III. Plastic Surgery Associates buys surgical lights for $10,000. The lights have an estimated salvage value of $2,000 and a useful life of 5 years. Calculate the straight-line depreciation.

Question IV. A large urban health maintenance organization (HMO) purchases a vacant office building to house expanded administrative functions for $300,000. Prior to using the building, renovations costing $100,000 are completed. The renovated building has an estimated useful life of 27.5 years, with no residual value. What is the annual charge for depreciation?

Textbook: Cengage 2nd edition: Introduction to Health Care Finance and Accounting- Carlene Harrison and William P. Harrison.

Reference no: EM133542663

Questions Cloud

Undertake an overall strategy review of tesla : Global Strategy and Sustainability - Role of a Management Consultant, you are required to undertake an overall strategy review of Tesla and provide a business

What is the value provided to customers : develop the strategy and finally, implement it and reap the reward. What is the value provided to customers and is that value sustainable competitive advantage?

Unregulated care providers in long -term care facility : The nurse is working with unregulated care providers (PSW ) in a long -term care facility A PSW forgets to leave the call bell within reach of the resident

Critically analyse systems to ensure older people : Critically analyse systems to ensure older people are able to access support. Critique the existing support systems for older people in rural and remote area

What is the annual charge for depreciation : In the balance sheet, what would be the current portion of long-term debt and what is the remaining debt? What is the annual charge for depreciation?

Create and sustain effective commitment and cohesion : Becoming a Master Manager, Leeds Business School - Critically evaluate the extent to which managers and leaders can establish and maintain stability

When we think about the recent covid pandemic : When we think about the recent Covid pandemic, why was it important that information on Covid research be rigorously scrutinized and verified.

What are the strengths of survey research : What are the strengths of survey research? What are the weaknesses of survey research? Use only the e-textbook as your reference.

Why your audience should watch a specific movie or tv show : Why your audience should watch a specific Movie or TV show. Celebrating your favorite holiday. How your favorite sport has evolved?

User Account

All Pages