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
zysi [14]
3 years ago
14

G a company purchased a delivery van for $28,000 with a salvage value of $3,000 on september 1, year 1. it has an estimated usef

ul life of 5 years. using the straight-line method, how much depreciation expense should the company recognize on december 31, year 1?
Business
1 answer:
Andreas93 [3]3 years ago
6 0
Hi there

First find the rate of depreciation
100/estimated useful life
100/5years=20%

You should subtract the salvage value from the cost of the van
28000-3000=25000
Second the time from september 1 to
december 31 is 4months

Now find the depreciation expenses
25,000×0.20×(4÷12)
=1,666.67 round your answer to get
1667 is the answer

Good luck!
You might be interested in
Can we tell from this information whether aggregate expenditure was higher or lower than GDP during this​ quarter? If​ not, what
Firlakuza [10]

Answer:B

Explanation:

6 0
2 years ago
Read 2 more answers
How can business help in solving social problem​
Katen [24]
Business generates those resources when it makes a profit. And those resources can help to solve social and environmental problems, they only have to reallocate these profits to social problems. Many companies don't still know but, when they really make profit is when they solve social problems.
3 0
2 years ago
Which of these statements is true of the hiring process
aleksandr82 [10.1K]
What are the choices?

8 0
3 years ago
Read 2 more answers
Excerpts from Dowling Company's December 31, 2018 and 2017, financial statements and key ratios are presented below (all numbers
Rus_ich [418]

Answer:

Option (A) is correct.

Explanation:

Given that,

2018:

Accounts receivable (net) = $20

Net sales = $115

Cost of goods sold = $60

Net income = $20

Inventory turnover = 5.22

Return on equity = Return on assets × Equity multiple

                             = 10.3% × 2.36

                             = 24.308% or 24.3%

Therefore, Dowling's return on equity for 2018 is 24.3%.

5 0
3 years ago
A student organization is developing promotions for its clothing fundraiser. Email blasts across campus will be part of the camp
Masja [62]

Answer: Logistic regression

Explanation:

The type of model that the student group can utilize to analyze which features are important for explaining whether someone opens a promotional email is the logistic regression.

Logistic regression is the regression analysis that's used to conduct in a case whereby the dependent variable is binary.

With regards to the question, the logistic regression can provide the best model which will be used to forecast the most important features for the opening of the promotional e-mail.

8 0
2 years ago
Other questions:
  • A leveraged buyout (LBO) Multiple Choice is based on an expectation that the new private owners will not restructure the company
    9·1 answer
  • What does sfb allowed mean in real estate?
    8·1 answer
  • Which of these statements about reverse logistics is BEST? A. Reverse logistics systems are usually more cost-efficient than for
    14·1 answer
  • Meredith wants to start her own small business. All of the following are things she needs to do to start a business EXCEPT:
    12·1 answer
  • JWS Transport Company’s employees earn vacation time at the rate of 1 hour per 40-hour work period. The vacation pay vests immed
    7·1 answer
  • The Hype Company's currently outstanding bonds have a 10 percent coupon and a 11 percent yield to maturity. Hype believes it cou
    7·1 answer
  • Who decides what goods and services should be produced and how those goods are to be produced in a command economy? individuals
    14·2 answers
  • An American helicopter manufacturer contracted with a foreign hospital located in a severely war-torn region to sell five helico
    14·1 answer
  • When using the Time-Cost Critical Path Method (CPM) Scheduling Model to "crash" a project, you know when you have arrived at the
    10·1 answer
  • What percent of adults, nationally, were current on all credit payments in the last year?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!