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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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Steve and Hillary can mow the lawn in 60 minutes if they work together. If Hillary works three times as fast as Steve, how long
Katena32 [7]

Answer:

Steve will take 240 minutes or 4 hours.

Explanation:

Steve and Hillary can mow a lawn in 60 minutes by working together. However, Hillary works three times faster than Steve.

Let's assume Steve takes takes x minutes to mow alone.

This implies that Hillary can mow alone in x/3 minutes.

In a minute, Steve can mow 1/x of the lawn, so this means Hillary can mow 3/x of the lawn.

In a minute together then can mow,

= \frac{1}{x} + \frac{3}{x}

= \frac{4}{x}

In 60 minutes they can mow

= \frac{4}{x} \times 60

= \frac{240}{x}

This means that it takes 4 hours for Steve to mow the lawn alone.

6 0
3 years ago
Read 2 more answers
The six steps for recording a business transaction in the general journal are shown below, out of order. In your working papers
GREYUIT [131]

Answer:

The answer is "Option D, F, E, B, A, and C".

Explanation:

please find the complete question in the attached file.

Please find the choice order in the attached file.

$125 paid with one week invoice 300 for a customer's docking dog

5 0
3 years ago
Jones Company possesses a 25 percent interest in the outstanding voting shares of Sandridge Company. Under what circumstances mi
coldgirl [10]

Answer:

Jones may decide that the equity method would not be appropriate to account for the investment when Jones Company does not have significant influences over the management/operation of Sandridge Company.

Although an investors holding from 25% of investee is very much likely to have significant influences on the investee, this may not be true all over the times. For Jones, to prove that it does not have significant influences over Sandridge, there may be some following evidences:

+ Jones and Sandridge sign an agreement that Jones surrenders  significant rights as a shareholder;

+ There is/are investor(s)/group(s) of investors who has more voting right than Jones and whose visionary/mission for Sandridge is opposite to Jones's.

+ Sandridge tries to reject Jones' influences on its management by seeking lawsuit or by successfully prevent representatives from Jones on its Board of Directors.

Explanation:

8 0
3 years ago
Suppose the U.S. yield curve is flat at 3% and the euro yield curve is flat at 5%. The current exchange rate is $1.4 per euro. W
Kruka [31]

Answer: hello your question is incomplete attached below is the complete question.

answer :

3.02 million,    2.96 million,    2.91 million

Explanation:

<u>Determine the swap rate over a 3-year period</u>

swap rate = forward exchange rate * exchange amount

For year 1

1.4 * ( 1 + 0.03 / 1 + 0.05 ) * 2.2 million

= 1.4 ( 0.98095 ) * 2.2

= 3.02 million

For year 2

1.4 * ( 1 + 0.03 / 1 + 0.05 )^2 * 2..2 million

= 1.4 ( 0.98095 )^2 * 2.2 million

= 2.96378 million

For year 3

1.4 * ( 1 + 0.03 / 1 + 0.05 )^3 * 2.2 million

= 1.4 ( 0.98095 )^3 * 2.2 million

= 2.90733 million  

3 0
2 years ago
A security created by pooling loans other than mortgage loans is referred to as an ________________.
lukranit [14]

Answer: The correct answer is "asset-backed  security".

Explanation: A security created by pooling loans other than mortgage loans is referred to as an <u>asset-backed  security.</u>

Asset-backed securities are debt instruments insured against specific assets or against specific cash flows.

5 0
3 years ago
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