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
Simora [160]
2 years ago
12

Fernandez Corporation purchased a truck at the beginning of 2020 for $50,000. The truck is estimated to have a salvage value of

$2,000 and a useful life of 160,000 miles. It was driven 23,000 miles in 2020 and 31,000 miles in 2021. Compute depreciation expense using the units-of-production method for 2020 and 2021.
Business
1 answer:
bezimeni [28]2 years ago
6 0

Answer:

Annual depreciation 2020= 6,900

Annual depreciation 2021= 9,300

Explanation:

Giving the following information:

Fernandez Corporation purchased a truck at the beginning of 2020 for $50,000. The truck is estimated to have a salvage value of $2,000 and a useful life of 160,000 miles. It was driven 23,000 miles in 2020 and 31,000 miles in 2021.

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Annual depreciation 2020= (48,000/160,000)*23,000= 6,900

Annual depreciation 2021= (48,000/160,000)*31,000= 9,300

You might be interested in
A _____ is targeted to borrowers with low credit scores, high debt-to-income ratios, or other signs of a reduced ability to repa
Andrej [43]
It would be <span>Subprime mortgage loan.
Hope this helps! :D</span>
3 0
3 years ago
What is a sole proprietorship? A partnership? (essential elements) How is each entity taxed? What is a franchise? What is the "c
natita [175]

Answer:

........................

Explanation:

6 0
3 years ago
For example, in the high end segment analysis on the left, total demand is 2554 and next years growth rate is 16.2% next years d
Evgen [1.6K]

Answer:

2968

Explanation:

total demand is 2554

growth rate is 16.2%

Next year total demand = 2554 + growth (total demand x 16.2%)

= 2554 + 2554*16.2/100

= 2554 + 413.748

= 2967.748

= 2968

8 0
3 years ago
Read 2 more answers
Compensation in the United States is governed by a number of laws that set boundaries for what companies can do. The rules gover
lesya [120]

Answer:

<h3>I don't know otherwise please marks me as brainliests..</h3>
7 0
2 years ago
Certain brand names, such as Kleenex or Xerox, have become _______, because they are so commonly identified with a specific prod
kogti [31]

<u>Answer</u>: Certain brand names, such as Kleenex or Xerox, have become generic name.

<u>Explanation:</u>

Generic name is the term used to refer a product with its brand name rather than the product itself. Kleenex  and Xerox are the brand names of the products. Xerox is photocopying product and Kleenex is the brand name for wet wipes. People commonly use the word Kleenex instead of tissues or wet wipes.

This process can be called as genericization and companies loose their trademarks due to these usage of names. These generic names have wide spread popularity.

7 0
3 years ago
Other questions:
  • Crabby Shores stock is expected to return 15.7 percent in a booming economy, 9.8 percent in a normal economy, and 2.3 percent in
    9·1 answer
  • Contractors Service, Inc., enters into a contract to build a restaurant for Dierdre’s Soup Spoons Bistro with Dierdre’s payment
    7·1 answer
  • On February 1, 2020, Hawser Corporation purchased a parcel of land as a factory site for $960,000. An old building on the proper
    11·1 answer
  • In financial markets, firms and governments in search of funds to pay for their daily operations would be the:___________.
    12·1 answer
  • Marilyn sells her highly successful travel agency to Adelle. In the sales contract, Marilyn agrees never to open a travel agency
    12·1 answer
  • CWN Company uses a job order costing system and last period incurred $89,000 of actual overhead and $100,000 of direct labor. CW
    5·1 answer
  • Shawn Bixby borrowed $39,000 on a 150-day, 9% note. After 80 days, Shawn paid $4,200 on the note. On day 113, Shawn paid an addi
    7·1 answer
  • Sayon Co. issues 200,000 shares of $5 par value common stock to acquire Trask Co. in an acquisitionbusinesscombination. The mark
    9·1 answer
  • If a process only has random variations, then 95.5% of the time the sample averages will fall within approximately
    15·1 answer
  • If a corporation pays $3 per share in annual dividends for each of the ten shares you purchase for $50 each what is the ROI
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!