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
Sati [7]
3 years ago
13

A fleet of refrigerated delivery trucks is acquired on January 5, 2017, at a cost of $900,000 with an estimated useful life of 1

0 years and an estimated salvage value of $81,000. Compute the depreciation expense for the first three years using the double-declining-balance method. (Round your answers to the nearest dollar.)
Business
1 answer:
gavmur [86]3 years ago
8 0

Answer:

depreciation expense 2017 = $180,000

depreciation expense 2018 = $144,000

depreciation expense 2019 = $115,200

Explanation:

purchase cost $900,000

estimated useful life 10 years

depreciation expense using double declining method = 2 x regular straight method depreciation rate x purchase cost

depreciation expense 2017 = 2 x 1/10 x $900,000 = $180,000

depreciation expense 2018 = 2 x 1/10 x $720,000 = $144,000

depreciation expense 2019 = 2 x 1/10 x $576,000 = $115,200

You might be interested in
Which of the following subjects should you study uif your seeking a career in agriculture or natural resources select all that a
inna [77]
BIOLOGY, BOTANY AND ENGLISH

HOPE THIS WILL HELP U
5 0
3 years ago
Consumer surplus is A. the difference between the highest price a consumer is willing to pay and the price the consumer actually
ss7ja [257]

Answer is A

Explanation: Consumer surplus actually happens when a customer is willing and ready to pay for a particular product than its current market price. It is a measure of the additional benefits a consumer gets after paying for a product even though they are willing to pay more.

For example: Let's assume you want to get a IPhone 8 plus and you value it at $800 dollars, which you are ready to pay, but realise it is sold at $700. When you buy it at $700, the customer surplus is $100, that is a difference between how much you were willing to pay and the price you eventually got it.

Consumer Surplus changes as the equilibrium price of a good rises or falls. If the price of a good rises, the consumer surplus decreases but when the price of the good falls, the consumer surplus increases.

3 0
3 years ago
Which of the following statements is not true concerning Peter Jackson's use of computer-generated imagery in The Lord of the Ri
Sonbull [250]

Answer:

c

Explanation:

I believe its C due to the fact. stunt doubles are actual individuals. or they would just have the actor be edited instead of placing a digital stunt double.

6 0
2 years ago
A proposed new investment has projected sales of $585,000. Variable costs are 44 percent of sales, and fixed costs are $187,000;
Tema [17]

Answer:

The projected Net Income is $70,784

Explanation:

The Pro- forma income Statement

Working Note:

Variable cost = Sales × 44%

= $585,000 × 44%

= $257,400

EBT (Earnings before Tax) = Sales - Variable cost - fixed cost - depreciation

= $585,000 - $257,400 - $187,000 - $51,000

= $89,600

Net Income = EBT × Tax rate

= $89,600 × 21%

= $70,784

8 0
3 years ago
The loan amount (principal) is $50,000 and the annual interest paid is $5,500. What is the annual interest rate
Mumz [18]

Answer:

The interest rate is 11%

Explanation:

The loan amount = $50000

Interest amount = $5500

Since the annual interest amount and the principal amount is given so we have to find the interest rate by using the given information. Below is the formula to find the interest rate.

Let the interest rate = x

Principal × interest rate = Interest amount

$50000 × r = $5500

r  = $5500 / $50000

r = 0.11 or 11%

The interest rate is 11%

5 0
3 years ago
Other questions:
  • Calista is researching a career in nursing. Which career resource would most likely help improve her chances of getting a job in
    11·2 answers
  • Porter co. is analyzing two projects for the future. assume that only one project can be selected. project x project y cost of m
    5·2 answers
  • ​michelle's business produces ceramic cups using​ labor, clay, and a kiln. she produces cups using a fixed proportion of labor a
    9·1 answer
  • Sonia goes to have her hair trimmed and agrees to pay $40 to the stylist. while there, sonia decides that she would also like hi
    11·1 answer
  • A decrease in individual income taxes​ ________ disposable​ income, which​ ________ consumption spending.
    8·1 answer
  • Why is vocabulary important?<br> What is Promotion?<br> Why is Promotion important in marketing?
    11·1 answer
  • JRN Enterprises just announced that it plans to cut its dividend from $2.50 to $1.50 per share and use the extra funds to expand
    11·1 answer
  • Acellus: into to accounting ?
    14·2 answers
  • Suppose that a government that is skeptical of efforts to regulate prices charged by private companies is nevertheless concerned
    9·1 answer
  • quizlet the office for civil rights (ocr) has enforcement power for violations occurring as a result of willful neglect. the ocr
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!