Answer:
A lot of different businesses could meet his needs. Many are illegal but one is to do delivery work for various restaurants.
Explanation:
Answer:
a.
The depreciable cost is $170500
b.
The depreciation rate is $3.1 per mile
c.
The depreciation expense for the year is $13640
Explanation:
a.
The depreciable cost is the cost of the asset that qualifies to be charged as depreciation expense over the estimated useful life of the asset. The depreciable cost is calculated as follows,
Depreciable cost = Cost - Residual Value
depreciable cost = 180000 - 9500 = $170500
b.
The depreciation rate under unit of activity method is the amount of depreciation that will be charged per unit of the asset usage.
The depreciation rate = Depreciable cost / estimated useful life in units of activity
The depreciation rate = 170500 / 55000 = $3.1 per mile
c.
The units of activity depreciation for the year can be calculated by multiplying the depreciation rate per unit by the activity for the year in unit terms.
Depreciation expense for the year = 3.1 * 4400 = $13640
Odometer reading is a vital tool in car assessment, it represents safety, real age of the vehicle, and many other general factors. The act of altering the number constitutes forgery and fraud, due to it's apparent nature. For example, if it would be legal to alter the odometer reading, then many people could buy brand new cars at their local dealerships, with reality being that those are used cars with thousands of miles on them, and used car owners will be more prone to be in car collisions, without having a clue of the real state of their car.
Answer:
Fixed Overheads Spending Variance = $5,000 Unfavorable(U).
Fixed Overheads Spending Variance = $20,000 Favorable (F).
Explanation:
Fixed Overheads Spending Variance = Actual Fixed Overheads - Budgeted Fixed Overheads
= $305,000 - $300,000
= $5,000 Unfavorable(U).
Fixed Overheads Spending Variance = Fixed Overheads at Actual Production - Budgeted Fixed Overheads
= ($5.00 × 64,000) - $300,000
= $320,000 - $300,000
= $20,000 Favorable (F)