The straight line depreciation expense in 2022 is $1500.
The straight line depreciation expense in 2023 is $3000.
<h3>What is the depreciation expense in 2022 and 2023?</h3>
The striaght line depreciation method spreads out the depreciation expense equally over the useful life of the project.
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
($32,000 - $4,000) / 8 = $3000
The depreciation expense each year would be $3000 except in 2022 when the truck was used for 6 months.
Depreciation expense in 2022 = 6/12(3000) = $1500
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Answer: The primary source of purchasing power used to buy imported goods is the exports of a nation.
Explanation: Purchasing power is important because it allows a company too important and export goods from one nation to another. Depending on what currency terms are given, allows a nation to import or export said goods. Inflation plays a role in deciding how much of said goods are imported and exported.
Answer:
B) Focusing on a more narrowly defined segment and "outfocusing" the focuser.
Explanation:
Ikea is a cost leader, but it also focuses on offering differentiated features that appeal to its target market (young buyers interested in stylish furniture at low cost), like unique designs, extended hours, playrooms for customers' children, etc.
So if another firm wants to beat Ikea at its own game, it must offer similar but better services and products by focusing on Ikea's strengths and beating them on their own game.
Answer:
the payback period is 3.34 years
Explanation:
The computation of the payback period is as follow;
Given that
Year Cash flows Cumulative cash flows
0 -$40,000 $-40,000
1 $3,000 $3,000
2 $8,000 $11,000
3 $14,000 $25,000
4 $19,000 $44,000
5 $22,000 $66,000
6 $28,000 $94,000
Now the payback period is
= 3 years + ($40,000 - $25,000) ÷ $44,000
= 3 years + 0.34
= 3.34 years
Hence, the payback period is 3.34 years