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NNADVOKAT [17]
3 years ago
11

equired information [The following information applies to the questions displayed below.] Three different companies each purchas

ed trucks on January 1, 2018, for $50,000. Each truck was expected to last four years or 200,000 miles. Salvage value was estimated to be $5,000. All three trucks were driven 66,000 miles in 2018, 42,000 miles in 2019, 40,000 miles in 2020, and 60,000 miles in 2021. Each of the three companies earned $40,000 of cash revenue during each of the four years. Company A uses straight-line depreciation, company B uses double-declining-balance depreciation, and company C uses units-of-production depreciation. Answer each of the following questions. Ignore the effects of income taxes. Required Required a-1. Calculate the net income for 2018?
Business
1 answer:
Shkiper50 [21]3 years ago
6 0

Answer:

Check the explanation

Explanation:

the 2018 net income for company A, B and C

Company A:  

Depreciation expense  11250  =     (50000-5000)/4

Net income  28750  =   40000-11250

 

Company B:  

Depreciation expense  25000  =   50000*50%i.e 0.5

Net income  15000  = 40000-25000

 

Company C:  

Depreciation expense  14850 =(50000-5000)/200000*66000

Net income  25150 =40000-14850

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Explanation:

Group polarization is a concept in social psychology where the decision made by a group of people is more extreme to the decision made by the individual members of the group.

The members of the group recommended 3,5,7 years as prison sentence individually but 10 years together. 10 years is more extreme when compared to the sentences recommended individually.

I hope my answer helps you.

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3 years ago
or each of the following items, indicate to which major group of the CPI the item belongs: a. Tuition payments to your universit
sergiy2304 [10]

Answer:

a. education; b. housing; c. transportation; d. food and beverages; e. recreation; f. medical care

Explanation:

CPI or consumer price index represents the costs of basket of goods and services across the country on monthly basis and includes the following categories:

  1. housing
  2. apparel
  3. transportation
  4. education and communication
  5. other goods and services
  6. recreation
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a. Education

b. housing

c. transportation

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5 0
3 years ago
Label each scenario with the term that best describes it. Use the midpoint method when applicable. Marcel Duchamp was a famous a
Masteriza [31]

Answer:

  • Paul Donut Franchisee : Perfectly Elastic Supply
  • P & G Facial Tissues : Elastic Supply
  • Papermate Pens : Inelastic Supply
  • Bright Ideas Lightbulbs : Perfectly Inelastic Supply

Explanation:

Price Elasticity of Supply is sellers' quantity supplied response to price change. P(Es) = % change in supply / % change in price.

Supply can be classified by Price Elasticity of Supply, as undermentioned :

  1. Elastic Supply : P(Es) > 1 ; % change in supply > % change in price
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  3. Unitary Elastic : P (Es) = 1 ; % change in supply = % change in price
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6 0
3 years ago
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Which of the following choices is not evidence supporting the theory of plate tectonics?
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B

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