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
Delicious77 [7]
3 years ago
11

Warren corporation purchased a truck at a cost of $60,000. It has an estimated useful life of five years and estimated residual

value of $5,000. At the beginning of year three, warren's managers concluded that the total useful life would be four years, rather than five years. There was no change in the estimated residual value. What is the amount of depreciation that warren should record for year 3 under the straight-line depreciation method?
Business
1 answer:
s344n2d4d5 [400]3 years ago
6 0

Answer:

What is the amount of depreciation that warren should record for year 3 under the straight-line depreciation method? $15500

Explanation:

Net Value Dep. year End Net value.

Year 1 55000 12000          43000

Year 2 43000 12000          31000

Year 3 31000 15500          15500

Year 4 15500 15500            0

You might be interested in
Melody Manufacturing is currently producing 1,000 component parts by incurring costs of $68,000 for direct materials, $30,000 fo
STatiana [176]

Answer:

$124,000

Explanation:

The maximum amount that Melody should pay to acquire 1,000 components is the total of all relevant costs directly attributable to manufacture the components. Such as;

Direct materials $68,000

Direct labor 30,000

Variable overhead 18,000

Fixed overhead 8,000

($20,000-$12,000) _______

$124,000

3 0
3 years ago
Imagine working at the Trading Desk at the New York Fed. Explain whether you would conduct open market purchases or sales in res
worty [1.4K]

Answer:

a. In this case, its goes for open market sales operations, This is because to increase the value of federal funds, the Fed has to reduce the money supply

b. In this case, its goes for open market purchase operation. This is because an increase in the differential between the discount rate and federal funds rate would encourage the depositary institutions to borrow money from Fed, thereby increasing the supply of money

5 0
3 years ago
Which of the following should be recorded in the category "trade receivables?"a. advances to officers and employees.b. income ta
prohojiy [21]

Answer:

Open accounts resulting from short-term extensions of credit to customers

Explanation:

Trade receivables are amounts billed by a business to its customers when it delivers goods or services to them in the ordinary course of business. These billings are typically documented on formal invoices, which are summarized in an accounts receivable aging report.

5 0
3 years ago
When would a pie chart be an effective visualization?
liubo4ka [24]

The time when a pie chart would be an effective visualization is when trying to work out the composition of something.

<h3>What is a Pie Chart?</h3>

This refers to the visual representation that is used to show and interpret data for a group of people to show their preferences in a circular, pie form.

Hence, we can see that using a pie chart to make an effective visualization is good and it is appropriate to use when a person is trying to work out the composition of something.

Read more about pie charts here:

brainly.com/question/26851221

#SPJ12

4 0
2 years ago
Pcd inc. operates as a nevada business. the suta wage base for nevada is $28,200. pcd inc.'s suta tax rate is 4.5%. the employee
wlad13 [49]

Answer:

$4,927

Explanation:

The computation of tax liability is shown below:-

Suta wage base is $28,200. So, income besides $28,200 is not subject to Suta tax.

Total taxable income = Annabelle + Beatrice + Michael + Howard

= $28,200 + $24,880 + $28,200 + $28,200

= $109,480

Suta tax liability = Total taxable income × Tax rate

=$109,480 × 4.5%

= $4,927

So, for computing the Suta tax liability we simply multiply the total taxable income with tax rate.

4 0
3 years ago
Other questions:
  • Mosaic Tile Company has estimated the following amounts for its next fiscal​ year: Total fixed costs ​ $832,000 Sales price per
    15·1 answer
  • Which vaccine does acip recommend for all college freshmen, aged 21 years or younger, living in dormitories, who have not been p
    15·1 answer
  • Why would an advocate of the efficient market hypothesis believe that even if many investorsexhibit the behavioral biases discus
    9·1 answer
  • You are using earned value analysis to track your project's progress. In your project, earned value is higher than planned value
    12·1 answer
  • Which is the best answer
    15·1 answer
  • If a company must expand capacity to accept a special order, it is likely that there will be an increase in unit variable costs.
    5·1 answer
  • Franklin reviews financial data of a company to ensure accurate and complete information. Which job title does he most likely ha
    5·2 answers
  • Wings Co. budgeted $555,600 manufacturing direct wages, 2,315 direct labor hours, and had the following manufacturing overhead:
    9·1 answer
  • Giant Industries has a $674,232 gross operating income, operating expenses of $329,129, and other expenses totaling $38,719. Wha
    12·1 answer
  • you have been hired to conduct a job analysis at a local fast food chain. after completing your analysis, you conclude that the
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!