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Pachacha [2.7K]
1 year ago
6

The truck was the only asset purchased during the year. Which of the following statements is correct regarding the depreciation

that can be taken on the truck?
Business
1 answer:
quester [9]1 year ago
4 0

The following statements is correct regarding the depreciation that can be taken on the truck is the business will deduct one-half of a full year's depreciation on the truck in the current year.

Depreciation is the system of deducting the fee of a enterprise asset over a protracted length of time, in place of over the direction of 1 year. There are 4 principal techniques of depreciation: immediately line, double declining, sum of the years' digits and gadgets of production.

An enterprise is described as an enterprise or enterprising entity engaged in commercial, industrial, or expert activities. Businesses may be for-earnings entities or non-earnings organizations. Business sorts variety from restrained legal responsibility groups to sole proprietorships, corporations, and partnerships.

Learn more about Depreciation here:

brainly.com/question/29524602

#SPJ4

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Suppose the U.S. and Japan both produce airplanes and televisions and the U.S. has a comparative advantage in the production of
EastWind [94]

Answer:

d. both countries, as whole, will be better off.

Explanation:

When countries leverage on their comparative advantages, they will be better off. In this instance as US has comparative advantage in producing airplanes, it will be more cost effective for them to produce and export to Japan.

So also Japan will find it cheaper to produce televisions and export to the US. Both contries reduce cost by producing goods they have comparative advantage in.

6 0
2 years ago
Priscilla owns 500 shares of Deltona stock. It is January 1, 2016, and the company recently issued a statement that it will pay
kotykmax [81]

Answer:

Priscilla's homemade dividend per share be in 2017 will be $3.585

Explanation:

In order to calculate what will be Priscilla's homemade dividend per share be in 2017 we would have to use the following formula:

homemade dividend=(Dividend in 2016×(1+Required rate))+Dividend in 2017

homemade dividend=($1×(1+8.5%))+$2.50

homemade dividend=$1.085+$2.50=$3.585

Priscilla's homemade dividend per share be in 2017 will be $3.585

7 0
3 years ago
The Intramural Sports Club reports sales revenue of $578,000. Inventory at both the beginning and end of the year totals $110,00
Genrish500 [490]

Answer:

$363,500

Explanation:

Gross profit = Revenue - Cost of Goods Sold.

In the case

Revenue = $578,000.

The Cost of Goods Sold: COGS

Inventory turn over = COGS/ Average turnover

Average turnover = Opening stock + closing stock/2

In this case Opening stock + Closing stock = $110,000

Average turnover = $110,000 /2 =$55,000

Therefore:

3.9 = COGS/$55,000

COGS = $55,000 x 3.9

COGS =$214,500

Gross profit =  $578,000 - $214,500

Gross profit = $363,500

3 0
2 years ago
Which types of systems consolidate the relevant knowledge and experience in the firm to make it available to improve business pr
Lubov Fominskaja [6]

Answer: Knowledge Management System

Explanation: The Knowledge Management System refers to a system for the implementation and application of concepts of knowledge management.

These include market growth targets guided by results, a competitive market prototype, application of business analysis, and much more. A knowledge control system consists of various application modules which are managed by a separate functionality.

Most of these technologies, together with the access or exchange of electronic records, can enable data processing about consumer feedback and history. Such systems can help prepare and direct employees, bring better sales or assist business executives in making critical choices.

7 0
2 years ago
Your cash t-account has a beginning debit balance of $5,000. New debits are $500 and new credits are three times new debits. Wha
gulaghasi [49]

Answer: 4000

Explanation:

7 0
3 years ago
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