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
inn [45]
3 years ago
5

Sandhill Chemicals Company acquires a delivery truck at a cost of $30,800 on January 1, 2022. The truck is expected to have a sa

lvage value of $3,700 at the end of its 4-year useful life. Compute annual depreciation for the first and second years using the straight-line method.
Business
1 answer:
oksian1 [2.3K]3 years ago
3 0

Answer:

$6,775

Explanation:

The computation of the depreciation expense using the straight line method is shown below:

Straight-line method:

= (Original cost - residual value) ÷ (useful life)

= ($30,800 - $3,700) ÷ (4 years)

= ($27,100) ÷ (4 years)  

= $6,775

In this method, the depreciation is same for all the remaining useful life

Therefore, in the first and second year the same depreciation expense is to be charged i.e $6,775

You might be interested in
Every few months for the past six years, Camille has ordered between $1,000 and $1,250 worth of crickets from Khan's Crickets, d
FrozenT [24]

The result of this mistake on the order form is that Khan's Crickets should verify from Camille the actual order amount intended.

We may factor in the fact that the number of crickets will show the correct quantity that Camille requires, then Khan should supply only the quantity on the order form and request for a corrected or revised order form from Camille.

Thus, the result is that Khan's Crickets will still supply crickets with an invoice worth $1,000, not adhering to the mistaken total sum.

Related link for similar mistake on order form at brainly.com/question/17251413

3 0
2 years ago
Why do we have a graduated income tax?​
lina2011 [118]
Supporters of the progressive system claim that higher salaries enable affluent people to pay higher taxes and that this is the fairest system because it lessens the tax burden of the poor. ... Taxes do not discourage high earners from earning more, and the low tax rate encourages the poor to strive to earn more.
7 0
3 years ago
Which of the following is a characteristic of a competitive market?
myrzilka [38]
A) standardized product I think
6 0
3 years ago
Read 2 more answers
Responsible seller servers of alcohol must know the law and their customers. what else must seller servers know
Masja [62]

The answer is: when to say "no"

Responsible seller servers need to train their observation skills to analyze which customers are not old enough to purchase the alcohol or which customers are on their physical limit. When they deal with such customers, they need to strictly say no for their purchase request. If they fail to do this, they could get in trouble with the law.

4 0
4 years ago
A company owns land that is used as a softball diamond and recreational park for hosting employee picnics. Once a year the compa
olga_2 [115]

Answer:

Commercial General Liability Policy will not provide compensation for injured caused by softball to the Director

Explanation:

Commercial General Liability (CGL) is an insurance policy that provide protection and assurance to a business organisation against any legal liability arising from the use of its property, while in the premises of the insured, from use of product.

The Commercial General Liability  provides the coverage below:

-Liability arising from Bodily injury and property damage

-Liability arising from Personal and advertising injury and Medical payments

In this director scenario, the CGL have in its provision and condition to provide compensation for the injury caused as a result of their actions (e.g. building collapse, left broken bottles, bad product which directly affected third party) but the director was injured by his own accompanied property and have no relation whatsoever with the Land company. Hence no indemnity or compensation will be provided under the Commercial General Liability Policy.

6 0
3 years ago
Other questions:
  • Adams Industries holds 42,000 shares of FedEx common stock, which is not a large enough ownership interest to allow Adams to exe
    15·1 answer
  • A benefit of monopoly for the business owner is
    5·1 answer
  • Taft Company had no beginning work in process inventory. Its total manufacturing costs for the year were $858,000. If cost of go
    12·1 answer
  • What is a formal arraignment to limit the production of a product
    7·1 answer
  • Refer to the following selected financial information from Marston Company. Compute the company's accounts receivable turnover f
    6·1 answer
  • A Caribbean resort wishes to identify customers that can afford and have the most interest in taking tropical vacations. Using t
    5·1 answer
  • Which statement is correct concerning the definition of internal control developed by the Committee of Sponsoring Organizations
    9·1 answer
  • Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $254,500, terms n/30. The cost of the goods so
    12·2 answers
  • The Homestead Strike of the Iron and Steel workers in Homestead, PA is representative of the struggle in the late 1800's between
    5·1 answer
  • A contact center manager is looking for ways to overall cost per case.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!