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
guapka [62]
3 years ago
12

A factory machine was purchased for $70,000 on January 1. It was estimated that it would have a $14,000 salvage value at the end

of its 5-year useful life. It was also estimated that the machine would be run 40,000 hours in the five years. If the actual number of machine hours ran in the first year was 4,000 hours and the company uses the units-of-activity method of depreciation, the amount of depreciation expense for year 1 would be
Business
1 answer:
denis-greek [22]3 years ago
7 0

Answer:

$5600

Explanation:

The amount of depreciation expense for year 1

depreciation under the first year under units of activity method

[ (cost - salvage value) / estimated machine hours ] * actual machine hours worked in the first year

= [(70000 - 14000) /  40000 ] * 4000

= 56000 / 40000 ) * 4000

= 1.4 * 4000 = $5600 ( amount of depreciation expense for year 1 )

You might be interested in
Strategies on how to minimize expenses in cooking?​
Nitella [24]

Answer:

1. Calculate Your Food Costs

2. Be Consistent When Calculating Inventory

3. Work with Your Food Suppliers

4. Join a Group Purchasing Organization

5. Manage Your Food Orders

6. Implement Restaurant Portion Control

7. Use the First In, First Out (FIFO) Method

8. Utilize Your Daily Specials

9. Keep Your Staff Informed

Explanation:

8 0
2 years ago
The New American Enterprise Mutual Fund's portfolio is valued at $120,000,000. The fund has liabilities of $4,000,000, and the i
sasho [114]

Answer:

e. $20

Explanation:

The net asset value (N) for The New American Enterprise Mutual Fund's portfolio is given by the funds total value ($120,000,000) subtracted by its liabilities ($4,000,000)  and then divided by the number of shares issued (5,800,000) .

N = \frac{\$120,000,000-\$4,000,000}{5,800,000} \\N=\$20

The fund's net asset value is $20

3 0
3 years ago
Later movers do not face: entrenched competitors. reduced uncertainty over technologies. high growth markets. lower market uncer
Maksim231197 [3]

Later movers do not face high growth markets. Later movers are also referred to late followrs or later market entrants. These businesses enter the market after the market has been established. By joining the market later, they have an advantage because they can see what kinks have been worked out by other companies, what has worked and was hasn't worked.

5 0
3 years ago
The person responsible for having the shipping papers on a ship carrying hazardous cargo is the
stira [4]
This would be the captain. If you need any further explaining, defining, or methods of answering, let me know and I'll do my best to help further. :)
8 0
3 years ago
As a company works to build relationships with its customers, its leaders must determine which customer needs they will seek to
Zepler [3.9K]

Answer:

A. Monitoring customer trends in the industry and of consumers as a whole

Explanation:

8 0
2 years ago
Other questions:
  • A painter pays $500 for paint he uses to repaint a house. he then presents a bill for $1200 that covers his time and expenses to
    12·1 answer
  • Based on predicted production of 21,000 units, a company anticipates $357,000 of fixed costs and $309,750 of variable costs. the
    6·1 answer
  • The management practice of ________ involves actively seeking people of different races, sexes, ethnic groups, and religions in
    9·2 answers
  • Which of the following are miscellaneous taxes?
    14·1 answer
  • Teresa rents her apartment for ​$860 per​ month, utilities not included. When she moved​ in, she paid a ​$700 security deposit u
    14·2 answers
  • If a baker notifies you that he will not deliver the bread for your restaurant. You must try to find bread even if it costs more
    10·1 answer
  • Clint Hill, CEO of Oregano Systems, a software engineering company, holds internal contests on the company intranet to get his e
    7·1 answer
  • Pharoah Company has accumulated the following budget data for the year 2020. 1. Sales: 31,410 units, unit selling price $89. 2.
    6·1 answer
  • PLZ help Will give BrainIIest!!!!
    12·2 answers
  • Which of the following jobs is considered a trade?
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!