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Sveta_85 [38]
2 years ago
11

Bramble Corp. purchased a delivery truck for $38,800 on January 1, 2019. The truck has an expected salvage value of $1,800, and

is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 14,700 in 2019 and 12,900 in 2020. (a1) Calculate depreciable cost per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.)
Business
1 answer:
Advocard [28]2 years ago
5 0

Answer:

$0.37

Explanation:

Depreciable cost = cost of asset - salvage value

$38,800 - $1,800 = $37,000

Depreciable cost per mile = $37,000 / 100,000  = $0.37

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Answer:

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Answer: b. pays cash before the expense has been incurred.checked

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Explanation:

Here is the complete question:

Deferral adjustments are needed when the business:

a. pays cash after the expense has been incurred.unchecked

b. pays cash before the expense has been incurred.checked

c. receives cash after the revenue has been generated.unchecked

d. receives cash before the revenue has been generated.

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