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Thepotemich [5.8K]
3 years ago
9

On January 1, 2021, the Excel Delivery Company purchased a delivery van for $153,000. At the end of its five-year service life,

it is estimated that the van will be worth $15,600. During the five-year period, the company expects to drive the van 458,000 miles. Required: Calculate annual depreciation for the five-year life of the van using each of the following methods. 2. Double-declining balance. (Round your answers to the nearest whole dollar amount.) Answer is complete but not entirely correct. Year 2021 2022 2023 2024 2025 Total Depreciation $ 61,200 36,720 22,032 13,219 7 ,932 $ 141,103 1
Business
1 answer:
I am Lyosha [343]3 years ago
5 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

On January 1, 2021, the Excel Delivery Company purchased a delivery van for $153,000. At the end of its five-year service life, it is estimated that the van will be worth $15,600.

Annual depreciation= 2*[(book value)/estimated life (years)]

Year 1= (153,000/5)*2= 61,200

Year 2= [(153,000 - 61,200)/5]*2= 36,720

Year 3= (55,080/5)*2= 22,032

Year 4= 13,219

Year 5= 7,932

Total= $141,103

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d. Makes it a felony to knowingly access a computer without authorization with intent or reason to believe that the information would be used to injure the United States of to benefit a foreign country.

Explanation:

The Computer Fraud and Abuse Act of 1986, is the primary federal law governing cybercrime in the United States today. The computers here, are computers exclusively for the use of the United States Government, or any computer, when the conduct constituting the offense affects the computer's use by or for the United States government. It is also any  computer located outside the United States that is used in a manner that affects the United States

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2 years ago
i need to know whether you are able to perform the following functions of the job, revising existing marketing materials, promot
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I want to know if you're capable of updating current marketing materials, promoting the business at trade fairs, and contacting potential clients through direct mail campaigns.

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Recognize Changing Consumer Demands and Behaviours.

Customer and potential customer definitions

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1 year ago
Please help. I will mark you as brainliest !!!
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2 years ago
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Why are people with savings hurt by inflation?
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B) The money they saved in the past is worth less in the future

Explanation:

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To complete your degree and then go through graduate school, you will need $95,000 at end of each of the next 8 years. Your Aunt
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PMT = $95,000

Rate = 4%

Life = 8 years

a. Amount to be deposited today

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