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nirvana33 [79]
3 years ago
7

Gardner Corporation purchased a truck at the beginning of 2012 for $90,000. The truck is estimated to have a salvage value of $3

,600 and a useful life of 120,000 miles.
It was driven 18,000 miles in 2012 and 32,000 miles in 2013.

What is the depreciation expense for 2012?

a. $13,500b. $12,960c. $21,600d. $36,000
Business
1 answer:
Alex Ar [27]3 years ago
4 0

Answer:

Option (b) $12,960

Explanation:

Data provided in the question:

Cost = $90,000

Salvage value = $3,600

Useful life = 120,000 miles

Number of miles driven in 2012 = 18,000

Number of miles driven in 2013 = 32,000

Now,

Using the straight line method of depreciation

Rate of annual depreciation = [ Cost - Salvage value ] ÷ Useful life

= [ $90,000 - $3,600 ] ÷ 120,000

= $0.72 per mile

Therefore,

The depreciation expense for 2012

= Rate of annual depreciation × Number of miles driven in 2012

= $0.72 per mile × 18,000

= $12,960

Hence,

Option (b) $12,960

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A Not-for-Profit Organization
yuradex [85]

Answer:

1.The parties involved can ask the government to raise the allocation of funds to  the student community service organization

2. Volunteers will be available to help out in the project

3. About $10000 will be the project cost(The cost of starting and finishing the project to meet the objectives and demands at hand)

Explanation:

Planning of  a large party or an event is called a  project. This is because, it was a specific party for a specific purpose and It was held on a specific date and time(beginning and end).

A project must have an objective . It must have stakeholders. This whose decision will greatly affect the outcome of the project

The following are the assumption made by the stakeholders of the project:

1.The parties involved can ask the government to raise the allocation of funds to  the student community service organization

2. Volunteers will be available to help out in the project

3. About $10000 will be the project cost(The cost of starting and finishing the project to meet the objectives and demands at hand)

The needs identified are:

-Money to support food purchasing.

-Grow the volunteer force.

-Food donations.

-To teamwork and synergy with a common goal.

6 0
3 years ago
You purchased a stock at a price of $46.55. The stock paid a dividend of $1.79 per share and the stock price at the end of the y
Mama L [17]

Answer:

3.84%

Explanation:

Calculation for dividend yield

Using this formula

Dividend Yield(%) = D / P0

Where,

D=$1.79

P0=$46.55

Let plug in the formula

Dividend Yield(%) =$1.79/$46.55

Dividend Yield(%) =0.0384*100

Dividend Yield(%) =3.84%

Therefore the dividend yield will be 3.84%

4 0
3 years ago
Which function(s) of money informs the consumer what currency to use to obtain a good or service?
inna [77]
The third function explains that money is a medium of exchange. It means that it is better to use the money used in the country itself to gain better service because it would provide better protection. Costumers would be more satisfied if the business would accept the money they have and it would be safer and mutually good for both if the customer would transact using the currency country's currency.


Source: https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-9-functions-of-money
4 0
4 years ago
Read 2 more answers
Assume the real rate of return is 3.37% and the inflation rate is 1.47%. Find the nominal rate of return using the exact formula
Citrus2011 [14]

Answer:

4.89%

Explanation:

Real rate of return = 3.37%

Inflation rate = 1.47%

The nominal rate of return is computed as shown below:

= [ (1 + real rate of return) x (1 + inflation rate) ] - 1

= [ (1 + 0.0337) x (1 + 0.0147) ] - 1

= (1.0337 * 1.0147) - 1

= 1.04889539 - 1

= 0.04889539

= 4.889539%

= 4.89% approx.

7 0
3 years ago
What vehicle looks the same coming or going
masya89 [10]
1958 Zundapp Janus 250
7 0
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