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
blondinia [14]
3 years ago
10

The Likert Company is a coal company based in West Virginia. The company recently purchased a new coal truck for $64,000. The tr

uck had an expected useful life of 200,000 miles and an expected salvage value of $4,000. Calculate the depreciation expense using the units-of-production method assuming the truck travelled 40,000 miles on company business during the year.
Business
1 answer:
KiRa [710]3 years ago
3 0

Answer:

The depreciation expense during the year: $12,000

Explanation:

The Likert Company uses the units-of-production depreciation method to calculate depreciation expense by the following formula:

Depreciation Expense = [(Cost of asset − Residual Value ) x Number of Miles Produced]/Life in Number of Miles

Depreciation Expense per mile = ($64,000 - $4,000)/200,000 = $0.3

During the year,  the truck travelled 40,000 miles

Depreciation Expense = $0.3 x 40,000 = $12,000

You might be interested in
Rather than acquire an existing machine parts manufacturer in Mexico, Robertson Corp., based in Ohio, chose to establish new ope
Rufina [12.5K]

The form of Foreign direct investment used to acquire the existing machine parts manufacturer in Mexico, Robertson Corp based in Ohio is called a greenfield investment.

<h3>What is a greenfield investment?</h3>

A greenfield investment refers to a foreign portfolio investment whereby a company buys the stocks or bonds of an existing company.

In conclusion, the acquisition of Robertson Corp in other to establish new operations in a northern Mexico is called a greenfield investment.

Read more about greenfield investment

<em>brainly.com/question/8948781</em>

5 0
2 years ago
2. If you run out of legal pads at home and there are several cases of legal pads at work, what
Tresset [83]

We have to ask our coworkers if they think it is okay if we take one.

Option C

<u>Explanation: </u>

In work ethics, workers are not permitted to work stationary for home use because the content is meant to be used for workplace purposes. A legal pad can be removed without permission from school, and stealing should therefore be discouraged. Consult with the store man in charge to permit you to take the office to be used at home.

In fact, materials at work are designed to enable people to do their job. Therefore you don't just steal items, you also every the workplace's capacity. And afterwards the time comes for the individual to work with the supplies that were missing. You rob profitability, thus.

7 0
3 years ago
Read 2 more answers
Listening is often as important as speaking in a business conversation
natka813 [3]
This is true because you have to know what the other person is talking about. ;)
7 0
3 years ago
when an organization produces only a single product and attempts to sell it to two or more market segments, it avoids which cost
weqwewe [10]

When an organization produces only a single product or service and attempts to sell it to two or more market segments. It avoids the extra costs of developing and producing additional versions of the product.

For better understanding, lets explain the term

  • Market segmentation is simply known as the act of gathering or aggregating known buyers into groups that have common needs and will respond almost the same to a marketing action.
  • Organization that makes only a single product or service do try to avoids any extra costs that may arise because they want to focus on just one thing

From the above, we can therefore say that the answer When an organization produces only a single product or service and attempts to sell it to two or more market segments. It avoids tahe extra costs of developing and producing additional versions of the product.

Learn more from:

brainly.com/question/14950217

3 0
3 years ago
A firm is considering the acquisition of a new machine. The base price is $85,000 and it would cost $15,000 to install. The mach
Naddik [55]

Answer:

Cash flow year 0   (110,000)

or in other way to express it: a cashoutflow for $110,000

Explanation:

Initial net cahs outflow

this will be the acquisition of the machine cost plus the increase in the working capital for the company

machine cost: all cost necessary for acquire the machien and get it operational

supplier list price        85,000

installation cost       <u>    15,000</u>

total cost                     100,000

Increase in Working Capital Cost 10,000

As these are cost they are negative so we have a cashouflow

Total cashflow    (110,000)

4 0
3 years ago
Other questions:
  • Kate begins to perform, intending that the completion of her performance act as an acceptance of Lyle's offer. Under the modern-
    11·2 answers
  • Jerry lost his credit card and instead of reporting it right away, he decides to continue looking for it believing he could find
    6·2 answers
  • All of the following are true statement about working conditions during the construction of transcontinental railroad EXCEPT whi
    5·2 answers
  • Williams &amp; Co. is a medium-sized CPA firm enrolled in the Private Companies Practice Section (PCPS). The firm is to have a p
    12·1 answer
  • Assume that the required reserve ratio is 5 percent. If a commercial bank has $2 million cash in its vault, $1 million in govern
    12·1 answer
  • Ways by which scientific management play a role in the management of a modern crisis ​
    12·1 answer
  • Expected direct materials purchases in Metlock Company are $204000 in the first quarter and $264000 in the second quarter. 35 pe
    14·1 answer
  • The following pension-related data pertain to Metro Recreation's noncontributory, defined benefit pension plan for 2018:
    8·1 answer
  • Swifty Pest Control Products has the following information available:
    15·1 answer
  • Review of the 15-inch HUAWEI MateBook D15 laptop
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!