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Charra [1.4K]
4 years ago
9

Paul's uses the group depreciation method for its fleet of trucks. When it retires one of its trucks and receives cash from a sa

lvage company, the carrying value of property, plant, and equipment will be decreased by the
a) cash proceeds received.

b) cash proceeds received and original cost of the truck.

c) original cost of the truck.

d) original cost of the truck less the cash proceeds.
Business
1 answer:
ololo11 [35]4 years ago
3 0

Answer:

A) cash proceeds received.

Explanation:

If you have a fixed asset and you fully depreciate it, it will still maintain its estimated salvage value. Therefore when the asset is sold and the salvage value is received, the value of the vehicles account should decrease while cash account should increase.

No matter what depreciation method you use, in order to calculate how much you will depreciate, you must subtract the salvage value from the asset's purchase value. That means that even if the asset has been fully depreciated, it will still maintain its salvage value.

You might be interested in
Barb works in a local factory. She receives 92 cents for each of the first 100 units she produces and $1.01 for each unit over 1
sergij07 [2.7K]

Answer:

The correct answer to the following question is $112.20.

Explanation:

Given information -

Barb receives 92 cents for the first 100 units

And if she produces more than 100 units , then she would receive $1.01 for each of the additional unit she produces

Therefore the amount she earns up to 100 units - .92 x 100

= $92

The amount she earns on the additional units - $1.01 x 20

= $20.20

The total amount she earns = $92 + $20.20

= $112.20

4 0
3 years ago
Compute the Work-in-Process transferred to the finished goods warehouse on April 30 using the following information:
malfutka [58]

Answer:

$1,100

Explanation:

Computation for the Work-in-Process transferred to the finished goods warehouse on April 30

Work-In-Process Inventory, April 1 300

Direct materials used in production 225

Direct labor costs incurred 400

Manufacturing overhead costs 350

Less Work-In-Process Inventory, April 30 ($175)

Work-in-Process transferred to the finished goods warehouse $1,100

Therefore the Work-in-Process transferred to the finished goods warehouse on April 30 will be $1,100

4 0
3 years ago
Examples of services are _____.<br><br> dentists<br> childcare<br> newspapers<br> personal computers
motikmotik

Personal computers

Sentence:

Examples of services are personal computers.

6 0
3 years ago
Suppose that in your first year of college you spend $21,800.00 more than you earn. In your second year, your expenses increase
lilavasa [31]

Answer:

$483,000.987

you are RICHHHHHHHHHH

Explanation:

8 0
3 years ago
A cosmetics company is planning the introduction and promotion of a new lipstick line. The marketing research department has fou
Mademuasel [1]

Answer:

p = 59.11 dollars

Explanation:

Given

Price:     p(x) = 8eˣ      (0 ≤ x ≤ 2)

Revenue;  R = x*p = 8xeˣ

p = ?  when R be at maximum

We can apply

dR/dx = d(x*p)/dx = 0

⇒  d(8xeˣ)/dx = 8*(1*eˣ + x*eˣ) = 0

⇒  eˣ*(1 + x) = 0    ⇒    x = - 1

as x = - 1 ∉ [0, 2]

then, we have

p(0) = 8e⁰ = 8

R = 0*8 = 0

If x = 1

p(1) = 8e¹ ≈ 21.74

R = 1*21.74 = 21.74

If x = 2

p(2) = 8e² ≈ 59.11

R = 2*59.11 = 118.22

Implies that, R(x) is maximum at x = 2.

   

Thus, the price that maximize the revenue of the company is 59.11 dollars.

7 0
4 years ago
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