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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

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Why is it difficult to compare relative job growth for different-sized businesses? staff size of small businesses tends to chang
Talja [164]

It is difficult to compare relative job growth for different-sized businesses because it is hard to determine the cutoff point at which a small business becomes a large business. It is not easy to know the comparative job development amongst businesses of different sizes. There are not the same parameters leading the size of a small business versus a big business. Moreover, there is no defined point where such a variation can be clearly identified.

5 0
3 years ago
Read 2 more answers
The tasman company purchased land for $150,000. the cost to demolish the existing building and prepare the land for a new buildi
bagirrra123 [75]
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Hope this helped! ;D
8 0
3 years ago
Perfect substitutes A. always have indifference curves with slopes of minus1. B. have horizontal indifference curves. C. always
torisob [31]

Answer:

Option (D) is correct.

Explanation:

Perfect substitute goods are the goods which can be used in place of each other.

Perfect substitutes refers to the goods which are having identical characterstics, features and provide the exactly same level of satisfaction.

The marginal rate of substitution for these perfect substitute goods remains constant which means that the trading of one good for the another good is at a fixed rate.

3 0
3 years ago
What is accounts payable​ turnover? A. Purchases on account divided by average accounts payable B. A measure of the number of ti
goblinko [34]

Answer:

The correct answer is letter "D": All of the listed answers are correct.

Explanation:

Accounts Payable Turnover ratio measures the speed at which a company pays its suppliers. The ratio is calculated by dividing the company's total purchases from suppliers by its average accounts payable amount over the same period. The accounts payable turnover ratio measures the liquidity firms have in the short-term.

7 0
3 years ago
On January 1, the Kings Corporation issued 10% bonds with a face value of $96,000. The bonds are sold for $94,080. The bonds pay
sleet_krkn [62]

Answer:

9,792 total interest expense

Explanation:

face value 96,000

issued at    94,080

<em>discount        1,920</em>

<u><em>amortization of the bond:</em></u>

discount/total payment

10 years atsemiannual payment = 20 payment

1,920/20 = 96

<u><em>cash proceed:</em></u>

96,000x 10%/2 = 4,800

discount                    96

<u>interest expense  4,896 per payment</u>

2 payment per year 9,792 total interest expense

<em />

5 0
3 years ago
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