Answer:
Book value= $33,008
Explanation:
Giving the following information:
On January 1, 2016:
Purchase cost= $50,710.
Residual value= $4,700
Wasson uses the units-of-production depreciation method.
The vehicle will be driven 107,000 miles.
2016= 10,700 miles
2017= 18,700
First, we need to calculate the depreciation of 2016 and 2017, using the following formula:
Annual depreciation= [(original cost - salvage value)/useful life of miles]*miles
2016= [(50,710 - 4,700)/107,000]*10,700= $4,601
207= 0.43*18,700= $8,401
Book value= depreciable value - accumulated depreciation
Book value= 46,010 - (4,601 + 8,401)= $33,008
The advice will be D. He can enroll in a MA plan now, but he will have to wait until the next Annual Election Period to obtain prescription drug coverage.
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If you or your spouse worked and paid Medicare taxes for at least ten years and are 65 years of age or older, you are eligible for Part A that is free of premiums. You are receiving Railroad Retirement Board or Social Security retirement benefits.
Learn more about medicare on:
brainly.com/question/24908169
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Answer:
$450
Explanation:
Data given in the question
Number of the units produced is 50 units
Marginal revenue is $6
Now the output increase by 50%
So, the total revenue is
= Number of units produced × marginal revenue + increased output percentage × (Number of units produced × marginal revenue)
= 50 units × $6 + 50% of $300
= $300 + $150
= $450
We simply compute by applying the above information
Since the transaction was on account basis, the journal entry will be:
debit accounts receivable for $625
credit sales $625
the account title accounts receivable was used because the debtor didn't pay for the merchandise and the sales account was used because the company gain income from that transaction.
Answer:
Db Accounts Payable or Cash____900
Cr Inventory account__________________900
Explanation:
The journal entry would be: If merchandise is returned to a supplier, a debit is made to Accounts Payable or Cash, and a credit is made to the Inventory account.
