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
kakasveta [241]
3 years ago
6

United Trans Service jet costs $ 55.000.000 and is expected to fly 500.000.000 miles during its 8​-year life. Residual value is

expected to be zero because the plane was used when acquired. If the plane travels 50.000.000 miles the first​ year, how much depreciation should United Trans Service record under the​ units-of-production method? ​(Round the depreciation per unit to two decimal​ places.)
Business
1 answer:
prohojiy [21]3 years ago
5 0

Answer:

Depreciation for first year = $5,500.00

Explanation:

Cost of Jet = $55,000

It is expected to fly 500,000 miles in 8 years.

There is no salvage value.

Now, since the capacity in miles is provided the depreciation expense shall be based on such capacity only, that is units of production method and straight line method shall not be followed until specified.

Provided plane travels 50,000 miles in current year

Depreciation rate = $55,000/500,000 miles = $0.11 per mile

Depreciation for current year = $0.11 X 50,000 miles = $5,500.00

You might be interested in
Over the next several years, Sushil expects electric vehicles to impact revenues in the retail gas and oil unit of her firm. The
forsale [732]

Businesses owners will always think of opportunities, the expansion of electric vehicles will impact the economic dimension for Sushil's firm.

<h3>What is economic dimension of business?</h3>

It is the ability of businesses and firms both public and private sectors to implement profitable practices in their production processes.

This is done to increase the growth of the organization, improve the standard of living and increase the overall income generated.

Therefore, the expansion of electric vehicles will impact the economic dimension for Sushil's firm.

Learn more on business environment here,

brainly.com/question/17961245

5 0
3 years ago
Which of the following is not a source of income?
attashe74 [19]

Answer:

Explanation:

B.)Your annual salary for doing your job.

7 0
3 years ago
Do all buyers benefit from a binding price ceiling?
Anon25 [30]

Answer:

Option B.

No, a binding price ceiling benefits only some buyers because not all are able to obtain the goods in the legal market.

Explanation:

A binding price ceiling occurs when the government sets a required price on a good or goods at a price below equilibrium. Since the government requires that prices not rise above the price, that price binds the market for that good. Because the government keeps the price artificially low, businesses will not produce enough of those goods to satisfy the market.

This results in an insufficient supply of those goods, creating a shortage in those goods, and with a shortage of goods, only some of the buyers will be able to obtain the goods in the legal market.

Therefore, the option that best suits the question is option, B. Not all buyers benefit from a binding price ceiling. A BINDING PRICE CEILING BENEFITS ONLY SOME BUYERS BECAUSE NOT ALL ARE ABLE TO OBTAIN THE GOOD IN THE LEGAL MARKET.

8 0
3 years ago
The balance sheet shows the following accounts and amounts Inventory. $84,000, Long-term Debt 125.000; Common Stock $60,000; Acc
Brums [2.3K]

Answer:

b. $325,000

Explanation:

The current assets are the assets that are likely to be converted to cash within 12 months. These include cash, inventory, receivables, prepaid expenses etc.

Given;

Inventory = $84,000,

Long-term Debt = $125.000;

Common Stock $60,000;

Accounts Payable $44,000;

Cash $132,000,

Buildings and Equipment $390,000:

Short-term Debt $48.000:

Accounts Receivable $109,000,

Retained Earnings $204,000 Notes Payable $54.000:

Accumulated Depreciation $180.000

Total current asset = $84,000 + $132,000 + $109,000

= $325,000

5 0
3 years ago
What<br> are three effects inflation have on an economy
Brrunno [24]
1. Hardships for poor people and fixed income salaried households 
<span>2. Business Profits tend to go up in times of inflation </span>
<span>3. Demand for pay hikes and wage increases</span>
7 0
3 years ago
Other questions:
  • George and Erin divorced in 2019, and George is required to pay Erin $20,000 of alimony each year. George earns $75,000 a year.
    13·1 answer
  • If you see a large group of stranded passengers standing next to a disabled bus, and you have only three seats in your car, deci
    13·1 answer
  • aria's Food Service provides meals that nonprofit organizations distribute to handicapped and elderly people. The following is h
    15·1 answer
  • If the cost of housing increases by 10 percent, then, other things the same, the CPI is likely to increase by about:(A) 10 perce
    8·1 answer
  • Morning Smiles Coffee Company manufactures Stoneware French Press coffee makers and sold 8,000 coffee makers during the month of
    8·1 answer
  • The steps that managers must take to develop and maintain good working relationships with the unions that may represent employee
    10·1 answer
  • Myosot Company produces two models of a component, Model K-3 and Model P-4. The unit contribution margin for Model K-3 is $12; t
    7·1 answer
  • Magic Mountain retires its 8% bonds for $124,000 before their scheduled maturity. At the time, the bonds have a face value of 12
    12·1 answer
  • If a price is too high to clear the market, that means
    13·2 answers
  • Popularity increases a product’s
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!