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
Does fat and soap have the same density?and why?
umka21 [38]

Answer:

Soap is soluble in water, but fat is not. Fat has a melting point above 47C and soap has a melting point above 100C. Fat has a density of 0.92 g/cm3 and soap has a density of 0.84 g/cm3. These are all properties that make fat and soap different substances.

Explanation:

6 0
3 years ago
Why it is important to consider all aspects of a job before accepting the position? provide at least two reasons?
Lemur [1.5K]
Because how do you know whether or not to accept the position. How do you know if it’s the right job for you? Or, what if you have to choose between two appealing offers? Will you feel comfortable with the people you work with?
3 0
3 years ago
Simon, the CEO of a consumer electronics firm, receives a huge positive response from the industry experts and consumers for int
Anastasy [175]

Answer:

creative

Explanation:

He could either be a humble, extroverted, born or creative leader. From these options the most intuitive answer would be that he is a creative leader given that he has introduced "breakthrough technologies" in the companies products which would only be possible through a great amount of initiative and creativity.

The term "breakthrough technologies" is the key word in answering this question as it refers to innovation that has never been seen before. Thus, it would require a great deal of creativity to think of and successfully introduce and implement into a company.

7 0
3 years ago
Cameron has a cup of coffee every morning, smokes about 10 cigarettes a day, and has a beer with his dinner every night. this is
oksian1 [2.3K]
This is an example of substance use
4 0
2 years ago
Read 2 more answers
A retail store had sales of $44,900 in April and $55,000 in May. The store employs eight full-time workers who work a 40-hour we
WINSTONCH [101]

Answer:

0.52%

Explanation:

Productivity in April = $44,900 / (((8*40) + (8*12)) * 4)

Productivity in April = $44,900 / ((320 + 96) * 4)

Productivity in April = $44,900 / (416 * 4)

Productivity in April = $44,900 / 1664 hours

Productivity in April = $26.98 per hour

Productivity in May = $55,000 / (((8*40) + (11*17)) * 4)

Productivity in May = $55,000 / ((320 + 187) * 4)

Productivity in May = $55,000 / (507 * 4)

Productivity in May = $55,000 / 2028 hours

Productivity in May = $27.12 per hour

% increase in productivity per hour = ($27.12 - $26.98) / $26.98

% increase in productivity per hour = $0.14 / $26.98

% increase in productivity per hour = 0.0052

% increase in productivity per hour = 0.52%

6 0
2 years ago
Other questions:
  • A property is being appraised by the cost approach. The appraiser estimates that the land is worth $17,000 and the replacement c
    14·1 answer
  • An economic expansion leads to​ ________ needsminustested spending and​ ________ induced taxes.
    14·1 answer
  • Donna Holbrook, an administrative assistant at Mason Enterprises, charged some office supplies to the company credit card. Sever
    9·1 answer
  • Which of the following is true about solving problems?
    7·2 answers
  • WinterDreams operates a Rocky Mountain ski resort. The company is planning its lift ticket pricing for the coming ski season. In
    5·1 answer
  • The New York Stock Exchange (NYSE) originated as: a financial market where nearly 100 million shares of stock are traded every b
    8·1 answer
  • Chuck is concerned with what he considers to be an unfair situation at work. Although he put in 10 hours of overtime last week,
    8·1 answer
  • When several hurricanes hit Florida in 2004, a number of local governments imposed price controls that prevented sellers from ra
    11·2 answers
  • When using the continuum leadership model, before selecting one of the seven leadership styles, the leader must consider all of
    8·1 answer
  • Which NIMS structure develops, recommends, and executes public information plans and strategies?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!