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
ZanzabumX [31]
3 years ago
15

On October 1, 2019, Illini Company purchased a truck for $42,000. The truck is expected to have a salvage value of $3,000 at the

end of its 3-year useful life. If the company uses the straight-line method, the depreciation expense recorded during the year ending December 31, 2019, will be
Business
1 answer:
user100 [1]3 years ago
5 0

Answer:

$3,250.00

Explanation:

Cost price for the truck is $42,000

Salvage value for truck is $3000

Depreciable amount is cost price - salvage value

= $42,000 - $3000

=$39,000

The truck has three years of useful life:  depreciation per year will be

=$39,000/3

=$13,000

In 2019, the truck operated for three months, ( October, November, and December)

The amount of depreciation to be recorded in 2019

=$13,000/12 x 3

=$,083.3333333 x 3

=$3,250.00

You might be interested in
An organization based within the eu wants to avoid many of the strict guidelines regarding the protection of data subjects. As t
shepuryov [24]

The reasonable action that one can they take to accomplish this goal is  to have or be part of the and as such have a strict security and technology to guard your data from been stolen.

<h3>What is General Data Protection Regulation (GDPR)?</h3>

The  General Data Protection Regulation  known to be GDPR for short is known to be a body that is responsible for any kind of  regulation in regards to Data security as they need businesses to protect all the personal data as well as privacy of citizens.

Note that by following the above rules, the data controller will not have any issues with the and as such,  he need to have good technology as well as security.

Therefore, As the data controller, the reasonable action that one can they take to accomplish this goal is  to have or be part of the GDPR and as such have a strict security and technology to guard your data from been stolen.

Learn more about data controller from

brainly.com/question/28410718

#SPJ1

4 0
1 year ago
Multinational financial management requires that
Lady_Fox [76]

Answer:

business finance finance questions and answers multinational financial management requires that answer the effects of changing currency values ...

question: multinational financial...

this problem has been solved!

see the answer

multinational financial management requires that

answer

the effects of changing currency values be included in financial analyses.

legal and economic differences need not be considered in financial decisions because these differences are insignificant.

political risk should be excluded from multinational corporate financial analyses.

traditional u.s. and european financial models incorporating the existence of a competitive marketplace not be recast when analyzing projects in other parts of the world.

cultural differences need not be accounted for when considering frim goals and employee management.

3 0
3 years ago
Which factors are considered when deciding how to make goods and services?
DochEvi [55]

Answer:

determining who has the greatest need

finances of prospective buyers(X)

methods traditionally used to make a good

ways to produce items at a lower cost or higher quality (X)

ways to make the biggest profit (X)

Explanation:

4 0
3 years ago
Where must all laws dealing with money originate why?
Mama L [17]
I am sorry I dont know.
8 0
3 years ago
The more precisely defined the target market is, the _____ the numbers are to estimate.
bija089 [108]
The answer is a I believe I'm not really sure
4 0
3 years ago
Read 2 more answers
Other questions:
  • You purchased 200 shares of ABC common stock on margin at $50 per share. Assume the initial margin is 50% and the maintenance ma
    10·1 answer
  • Compensatory damages replace what was lost because of what the breaching party did and for this reason are often said to "make t
    7·1 answer
  • A method of saving that allows easy access to the money at low risk in case of emergency is A. a 401(k) account. B. home equity.
    15·1 answer
  • As a renter, it is safe to assume that when you decide to move out of the rental property,a. you need not inform the owner in ad
    6·1 answer
  • Which of the following is not a way of reducig the costs of operatiions through adopting lean concepts?
    12·1 answer
  • Lee sun's has sales of $3,650, total assets of $3,350, and a profit margin of 5 percent. the firm has a total debt ratio of 41 p
    10·1 answer
  • EDGAR, the Electronic Data Gathering. Analysis, and Retreival system, performs automated collection, validation, indexing, accep
    7·1 answer
  • "You'll notice the trimming machine requires workers to pull two levers at the same time. Although this may appear inconvenient,
    10·1 answer
  • An organization's mission statement is described as not ruling out any opportunity management might wish to pursue. This mission
    8·1 answer
  • _____ cannot monitor personal email accounts.
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!