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maria [59]
1 year ago
10

A machine has a cost of $15,000, an estimated residual value of $3,000, and an estimated useful life of four years. The machine

is being depreciated on a straight-line basis. At the end of the second year, what amount will be reported for accumulated depreciation?.
Business
1 answer:
saveliy_v [14]1 year ago
4 0

Answer:

We find the amount in accumulated depreciation by finding the depreciable value:

Asset Cost - Residual Value = Depreciable Value

$15,000 - $3,000 = $12,000

Now, let's divide this by 2 to find the amount in accumulated depreciation at the end of the second year:

$12,000 / 2 = $6,000

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Larry estimates that the costs of insurance, license, and depreciation to operate his car total $320 per month and that the gas,
agasfer [191]

Answer:

See below

Explanation:

The question above is incomplete. The concluding part is

b. Would it be meaningful for Larry to calculate an estimated average cost per mile for a typical 1,400 mile month. Yes or No

Given the above information,

a. Total number of miles driven = 1.529 miles

Total cost = Fixed cost + Variable cost × Number of miles driven

= $320 + $0.14 × 1,529

= $320 + $214.06

= $534.06

b. Since $320 per month is the fixed, the fixed cost per mile will decrease with the increase in number of miles driven . It means that if he drives less than 1,400 miles , the actual cost will be more than the cost based on predetermined overhead rate of the cost.

No. It would not be meaningful for Larry to calculate an estimated average cost per mile for a typical 1,400 mile month.

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3 years ago
Cash management primarily involves:
melomori [17]

Answer:

D

Explanation:

Determinig the optimal level of cash is one of the most important decisions a financial agent must make, the reason of the financial analysis is discover the optimal level of cash because many of the liquidity indicator are based in the amount of cash and this is important to know if the company can face their debts especially in the short term.

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3 years ago
A person with a higher level of education is _____
Wewaii [24]
The answer could be "a graduate". Hope this helped you! :)
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The preferred approach to allocate joint costs to products is the value basis, which allocates a joint cost in proportion to the
ddd [48]

Allocation of joint costs in proportion to the value of the output of the sales which were produced in the process during at the split-off point is a preferred approach.

<h3>What are joint costs?</h3>

Joint costs involve the benefit of more than one product, and the separation of the costs of such products is impossible as the benefits related thereto are also joint.

One of the best examples of joint costs is in a condition when a cattle-owner feeds both the flock of sheep and cattle of cows at the same time. One cannot differentiate between the separate costs allocated.

Hence, it may be said that value basis is the most appropriate method for the purpose of allocation of joint costs being incurred in the proportion as it may be.

Learn more about joint costs here:

brainly.com/question/13537893

#SPJ1

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2 years ago
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agasfer [191]

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4 0
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