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tekilochka [14]
3 years ago
13

On January​ 1, 2018​, Alaska Freight Airlines purchased a used airplane for $ 44 comma 000 comma 000. Alaska Freight Airlines ex

pects the plane to remain useful for five years ​(4 comma 000 comma 000 ​miles) and to have a residual value of $ 4 comma 000 comma 000. The company expects the plane to be flown 1 comma 100 comma 000 miles the first year. Read the requirementsLOADING.... Requirement 1a. Compute Alaska Freight Airlines​'s ​first-year depreciation expense on the plane using the​ straight-line method. Begin by selecting the formula to calculate the​ company's first-year depreciation expense on the plane using the​ straight-line method. Then enter the amounts and calculate the depreciation for the first year.
Business
1 answer:
steposvetlana [31]3 years ago
6 0

Answer:

The depreciation expense for the first year is $8,000,000

Explanation:

Depreciation: The depreciation is an expense which reduce the value of the fixed assets due to tear and wear, usage, obsolesce, etc. It is shown under the income statement in the debit side and the accumulated depreciation would be shown in the asset side of the balance sheet. It is deducted from the ending value of the fixed assets.

The formula to compute the depreciation expense under straight line method is shown below:

= \dfrac{(original\ cost-salvage\ value)}{(useful\ life)}

= \dfrac{(\$ 44,000,000-\$ 4,000,000)}{(4\ years)}

= $8,000,000

In straight line method, the depreciation expense would remain same over the useful life i.e 4 years.

And, we do not consider the miles so we ignored it.

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Nikitich [7]

Answer:

$218,400

Explanation:

The computation of contribution margin is here below:-

                                               Units       Cost per unit         Total

Sales                                     6,000        $88                       $528,000

Less:

Variable production cost     6,000        $40.8                  $244,800

Variable selling and

administrative costs        6,000         $10.8                   $64,800

Contribution margin                                                           $218,400

Therefore the we multiplied the sale unit with cost per unit, in the similar way we multiplied the Variable production cost unit with cost per unit and Variable selling and administrative costs with cost per unit to reach the contribution margin.

4 0
3 years ago
Giada Foods reported $1,010 million in income before income taxes for 2021, its first year of operations. Tax depreciation excee
Fiesta28 [93]

Answer:

$32.4 million

Explanation:

The computation of the balance in the deferred tax liability in the December 31, 2021, balance sheet is shown below:

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= $108 million × 30%

= $32.4 million

Simply we multiplied the exceeded amount with the enacted rate so that the deferred tax liability could come

6 0
3 years ago
Alan runs a small manufacturing business. One day, a subordinate informed Alan about a problem in the production process because
Anton [14]
D. Resourcefulness; if you can pick more than one than also chose A. Confidence.
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Productivity measurement is complicated by
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3 years ago
Doris recently started her position at Monro Company. The company uses the dollar-value LIFO inventory method. On her first day
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Answer

2

Explanation:

Cost index in dollar - value LIFO method is used to determine the change in prices since the beginning of he base year by comparing the year end inventory to the base layer cost.

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3 years ago
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