1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
NeX [460]
2 years ago
9

Blossom Company purchased a delivery truck for $32,000 on July 1, 2022. The truck has an expected salvage value of $4,000, and i

s expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 15,000 in 2022 and 12,000 in 2023. Blossom uses the straight-line method of depreciation. (a) Compute depreciation expense for 2022 and 2023. Depreciation Expense 2022 2023 Straight-line method$ $
Business
1 answer:
Nookie1986 [14]2 years ago
7 0

The straight line depreciation expense in 2022 is $1500.

The straight line depreciation expense in 2023 is $3000.

<h3>What is the depreciation expense in 2022 and 2023?</h3>

The striaght line depreciation method spreads out the depreciation expense equally over the useful life of the project.

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($32,000 - $4,000) / 8 = $3000

The depreciation expense each year would be $3000 except in 2022 when the truck was used for 6 months.

Depreciation expense in 2022 = 6/12(3000) = $1500

To learn more about straight line depreciation, please check: brainly.com/question/6982430

You might be interested in
Land in the Marcellus Shale natural gas play is currently leasing for $10,000 per acre. 100 acres are needed in order to drill f
WARRIOR [948]

Answer:

You can find your answer in attached document.

Explanation:

7 0
3 years ago
If a cost estimate indicates that a residential design is significantly over budget, what changes would you consider to reduce t
kogti [31]
<h3><u>Changes considered to reduce the cost of the project: </u></h3>

Cost Estimates of a Residential Design have the following elements:

1) Quantity Takeoff

2) Labor Hours

3) Labor Rates

4) Material Prices

5) Equipment Costs

6) Subcontractor Quotes

7) Indirect Costs

8) Profit Margin

Quantity Takeoff is the very basic element required in Residential Building. Labor hours and rates depends on the location, work difficulty, market value, and other extrinsic factors. Material prices and Subcontractor Quotes again depends on location, supply and demand. Equipment Costs depends on the location, place of purchase, transportation cost, size of equipment, etc. Indirect costs are overheads for labor and contractors.

As we can check the above elements, we cannot change Quantity takeoff, as no one wants to compromise in the quality. However, we can try to slightly negotiate with Labor rates and Subcontractor Quotes. Again, as mentioned the budget is significantly high, so we need to work on reducing 2 costs, which are Equipment Costs and Material Prices.

6 0
3 years ago
(c)
ladessa [460]

Answer:

The changes suggested increase income by 16,000 therefore is a good idea to made the changes

Explanation:

Your Mistake is that fixed expenses should remain constant with a sales increase

                     Current                  New

Sales             $800,000       $ 912,000

Variable        $ 480,000      $ 576,000

Contribution $ 320,000      $ 336,000

<u>Fixed             $ 270,000     </u><u><em> $ 270,000  </em></u>

Net Income   $  50,000      <em> $  66,000</em>

<em></em>

<em></em>

7 0
2 years ago
In a large corporation, shareholders responsibilities include ________.
tankabanditka [31]
~Hello There!~

I'd say it is Electing a board of directors.

Hope This Helps You!
Good Luck :)
Have A Great Day ^_^

- Hannah ❤
5 0
2 years ago
Taylor loves the lifestyle associated with being a salesperson, allowing her to take a day off during the week and make it up on
Readme [11.4K]

Answer: Flexibility

Explanation:

  According to the question, Taylor likes the flexible values so that she creates her own comfortable schedule.

The flexibility in the schedule provide the job satisfaction and balanced the life as she loves the lifestyle of being sales person.

It also helps in reduce the stress if you are satisfied with the work-life balance and also increase the productivity of an organization. Therefore, Flexibility is the correct answer.

3 0
2 years ago
Other questions:
  • A delivery van costing $37,000 is expected to have a $2,900 salvage value at the end of its useful life of five years. Assume th
    14·1 answer
  • Normative economic analysis involves value judgments and opinions. purely descriptive statements. testable hypothes
    14·1 answer
  • Global Company sold merchandise to Montana Industries for cash, $3,450. The cost of merchandise sold was $1,850. Global Company
    8·1 answer
  • A firm expects to sell 25,200 units of its product at $11.20 per unit and to incur variable costs per unit of $6.20. Total fixed
    9·1 answer
  • An organization with a(n) _____ structure operates much like a multinational corporation, but subsidiaries depend on headquarter
    12·1 answer
  • The purpose of many business messages is to make a request or to reply to previously received communication. Familiarize yoursel
    14·1 answer
  • As a manager for a company that is looking to expand to China, what should your company focus on?
    10·1 answer
  • Which one of the following statements about strategic groups and strategic group mapping is false?
    10·1 answer
  • Vaughn’s Manufacturing Company can make 100 units of a necessary component part with the following costs: Direct Materials $1270
    7·1 answer
  • Don is thinking of borrowing $10,000 from Hancock Whitney Bank. He promises Hancock Whitney cash flows of $5,000 every year for
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!