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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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Answer:

Expl one year. To reorder, there is a fixed cost of $36, plus $11 for each storage device.anaMinimizing Inventory. An electronics store sells 100 digital storage devices per year. It costs $18 to store one storage device for one year. To reorder, there is a fixed cost of $36,tion:

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2 years ago
If a country imposes a tariff on imported shoes, we expect the domestic price of shoes to ______ .
boyakko [2]

If a country imposes a tariff on imported shoes, we expect the domestic price of shoes to rise, domestic consumption to fall, and domestic production to rise.

A levy on imported goods is known as a tariff. The use of an example is the simplest way to explain how it operates. The US lumber industry is the example we've used throughout this section, and it's continuing below. The domestic equilibrium price and quantity in the domestic market are $1,000 per board foot and 40 million board feet, respectively. PD = $1,000 and QD = 40,000,000 are used to represent this. The world price, or PW, in this instance is significantly less than the local price. While this is not always the case, if PW is higher than PD, there is no reason to import (This model assumes that imports are identical to domestic products in every respect except for price).

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The imports, on the other hand, cause domestic producers to lose a significant amount of surplus. Previously, they could have provided 40 million board feet of lumber for $1,000, but now they can only provide 10 million. This is due to the fact that many domestic companies will either exit the market or reduce production since they can no longer compete with the foreign production.

60 million board feet of lumber are imported from Canada out of a total production of 70 million board feet, 10 million of which are produced domestically.

To lean more about Tariffs from the given link.

brainly.com/question/26923792

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1 year ago
Best Construction, Inc., and General Real Estate Corporation form a joint venture. A joint venture is usually formed for
STALIN [3.7K]

Answer:

for mutual benefits

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3 years ago
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mars1129 [50]
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Answer:

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