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gavmur [86]
3 years ago
5

Corales Company acquires a delivery truck at a cost of $58,000. The truck is expected to have a salvage value of $11,000 at the

end of its 4-year useful life. Compute annual depreciation expense for the first and second years using the straight-line method. Year 1 Year 2 Annual depreciation expense $ 11750 $ 23500
Business
1 answer:
notsponge [240]3 years ago
7 0

Answer:

Accumulated depreciation:

Year 1= 11,750

Year 2= 23,500

Explanation:

Giving the following information:

he truck is expected to have a salvage value of $11,000 at the end of its 4-year useful life.  The purchase price is $58,000.

Depreciation method: straight-line.

Depreciation= (purchase price - salvage value)/ useful life

Depreciation= (58,000 - 11,000)/4= $11,750

Annual depreciation:

Year 1: $11,750

Year 2: $11,750

Accumulated depreciation:

Year 1= 11,750

Year 2= 23,500

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For a note receivable that was created on November 1, 2018 and is due for repayment on October 31, 2019, what is the time fracti
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For a stock to be in equilibrium, two conditions are necessary: (1) The stock's market price must equal its intrinsic value as s
nevsk [136]

Answer:

True

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4 0
3 years ago
PB4.
harkovskaia [24]

Answer:

The process cost summary is given below.

A-Total Material Cost                  = $22,500

B-Total Conversion costs           = $95,625 (45,625+50,000)

C-Units transferred out              = 40,000

D-Ending Inventory                    = 10,000

E-Equivalent units of material  =  45,000

F-Equivalent units of conversion costs  = 42,500

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H-Equivalent cost per unit of conversion costs = $ 2.25 (B/F)

I-Equivalent cost per unit = $2.75 (G+H)

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K-Cost Of Ending Inventory = $ 8,125 (H*(F-C) + (5000*0.5))

4 0
3 years ago
How many district courts are in the federal system?.
posledela
Answer 94 districts.

In the federal court system's present form, 94 district level trial courts and 13 courts of appeals sit below the Supreme Court.
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2 years ago
Read 2 more answers
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