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Blizzard [7]
3 years ago
13

A truck costs $9,000 with a residual value of $1,000. the truck is expected to have a useful life of 40,000 miles. By assuming t

he truck is driven 10,000 miles the first year, the depreciation expense would be:
Business
1 answer:
slavikrds [6]3 years ago
7 0

Answer:

$2,000

Explanation:

Cost of truck =  $9,000

Residual value =  $1,000

Value to be depreciated =  $9,000 -  $1,000

                                        =  $8,000

if the truck has a useful life of 40,000 miles and 10,000 miles is covered in the first year,

Depreciation expense for the first year = (10000/40000) ×  $8,000

                                                 =  $2,000

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When going into a partnership, you should always:_________.
Lena [83]

Answer: A. put all terms of the partnership into writing in a partnership agreement.

Explanation:

The most important terms in a partnership agreement is ensuring that all terms are noted down and binded legally, this is to help partners know when need to do something and don't feel cheated or be cheated by someone or something. Avoidance of reaching out to terms noted down will further make things complex either when the business is growing or when there is need to shutdown or during operations.

8 0
3 years ago
What is the most common workplace for people in the Finance cluster?
Oxana [17]

Answer:

An office

Explanation:

an office  is the best option on this list.

7 0
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reply if you agree that eddie kaspbrak and stanley uris shouldn’t have dxied in “it cheaper 2” (giving brainliest)
algol [13]

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7 0
2 years ago
During the period, 50,000 units were completed, and 3,600 units were on hand at the end of the period. If the ending work in pro
pantera1 [17]

Answer:

Equivalent units for direct material = 52,700

Explanation:

Given:

Completed units = 50,000

Ending inventory = 3,600 units

Ending work in process inventory = 75% complete as to direct materials

Ending work in process inventory = 25% as to conversion costs

Equivalent units for direct material = ?

Computation of equivalent units for direct material:

Equivalent units for direct material = Completed units + [Ending inventory × 75% complete as to direct material]

Equivalent units for direct material = 50,000 + [3,600 × 75%]

Equivalent units for direct material = 50,000 + [2,700]

Equivalent units for direct material = 52,700

5 0
3 years ago
A consumer is attempting to maximize utility in her consumption of Goods A and B. If her income and the price of Good A do not c
ycow [4]

Answer:

In this section, we are going to take a closer look at what is behind the demand curve and the behavior of consumers. How does a consumer decide to spend his/her income on the many different things that he/she wants, i.e., food, clothing, housing, entertainment? We assume that the goal of the consumer is to maximize his/her level of satisfaction or joy, constrained by his/her income.

Economists use the term utility as a measure of satisfaction, joy, or happiness. How much satisfaction does a person gain from eating a pizza or watching a movie? Measuring utility is based solely on the preferences of the individual and has nothing to do with the price of the good. Let’s do an experiment in utility.

Step 01: Get some of your favorite candy, pastries, or cookies.

Step 02: Take a bite and evaluate, on a scale from 0 to 100 (with 100 being the greatest utility), the level of utility from that bite. Record the marginal utility of that bite (i.e., how much you get from that one additional bite).

Step 03: Repeat step 02. It is important to be consistent with each unit consumed, i.e., the same size and no drinking milk or water part way though. When you run out of candy or your marginal utility goes to zero you can stop.

Law of Diminishing Marginal Utility

5 0
2 years ago
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