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
Effectus [21]
3 years ago
13

On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. The truck was expected to have a four year us

eful life and an $8,000 salvage value. If Marino uses the straight-line method, the amount of depreciation expense recognized on the Year 2 income statement is ________.
a- $4,000.
b- $6,000.
c- $12,000.
d- $24,000.
Business
1 answer:
iogann1982 [59]3 years ago
4 0

Answer:

$10,000

Explanation:

The computation of the depreciation expense is shown below:

= (Purchase value of a truck - salvage value) ÷ (expected useful life)

= ($48,000 - $8,000) ÷ (4 years)

= ($40,000) ÷ (4 years)  

= $10,000

The depreciation expense in this method is the same for the entire remaining useful life

Note: This is the answer and the same is not provided in the given options

You might be interested in
Which group of a corporation is responsible for running the day to day matters of the corporation?
adelina 88 [10]

Officers are all those individual people or staff who manage the corporation's day-to-day operations.

<h3>What are the responsibilities of corporate officers?</h3>

Officers of a corporate entity are important management executives who oversee the day-to-day operations of the company. They are appointed by and report to the board of directors, and they oversee specific industry functions based on their background and expertise.

<h3>Is indeed an officer the same as a director?</h3>

Everything You Have to Know About Officers vs. Directors When comparing an officer and a director, a director is a person who manages important business affairs, whereas officers oversee daily operations. Officers are also directly involved in the day-to-day management of the business.

To know more about responsibilities of corporate officers visit:

brainly.com/question/17205097

#SPJ4

4 0
2 years ago
what kinds of techniques have people employed to increase agricultural practices? how did norman borlaug help inaugurate the gre
kolbaska11 [484]

Answer:

no b

Explanation:

beacuse i did the test

5 0
3 years ago
Given the following information, determine the cost of goods manufactured and the cost of goods sold for the year ended December
natulia [17]

Answer:

$731,000 and $684,000

Explanation:

The computations are shown below:

For cost of goods manufactured    

= Direct materials used + Direct labor cost + Manufacturing overhead incurred + opening work-in-process inventory - closing work-in-process inventory    

= $271,000 + $126,000 + $359,000 + $193,000 - $218,000

= $731,000

For cost of goods sold

= Opening finished goods Inventory + Cost of goods manufactured - Ending finished goods Inventory

= $395,000 + $731,000 - $442,000

= $684,000

4 0
3 years ago
Ahmed started a small manufacturing business three years ago. The business is now doing quite well in the market. However, he do
Ainat [17]
I believe the answer is C. growth capital.

7 0
3 years ago
For each long-distance call anywhere in the continental United States, a new phone service will charge users $0.30 per minute fo
Vaselesa [24]

Answer:

The average length of his calls will stay the same. It's the cost that would change, not the length

Explanation:

4 0
3 years ago
Other questions:
  • A company reports Sales Returns and Allowances of $40,000 and Net Sales of $680,000. It also reports Cost of Goods Sold of $350,
    15·1 answer
  • Your boyfriend is living in an apartment complex that has had a recent rash of robberies. He has​ $5,000 worth of rare coins. Wh
    11·1 answer
  • If the government sets out to make home buying easier for more people by forcing lenders to accept ____________ down payments an
    10·1 answer
  • Figure out Samuel's Net Pay using the following information
    8·1 answer
  • The purpose of assigning a number to each of the consequences in a grid analysis is to _______. a. Allow the consequences to be
    5·2 answers
  • Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: S
    6·1 answer
  • In the Month of March, Digby received orders of 107 units at a price of $15.00 for their product Dug. Digby uses the accrual met
    7·1 answer
  • When the market value of an investment in debt securities in which the company has a positive intent and ability to hold to matu
    12·1 answer
  • High-income people are willing to pay more than lower-income people to avoid the risk of death. For example, they are more likel
    5·1 answer
  • The Sarbanes-Oxley Act of 2002 has: Group of answer choices reduced the annual compliance costs of all publicly traded firms in
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!