Answer:
a, The depreciable cost when using the straight line method is;
= Cost of asset - Residual value
= 70,700 - 4,200
= $66,500
b. As the rate is uniform over the life of the asset, the rate is 100% divided by the life of the asset.
= 100%/5
= 20%
c. Annual depreciation will therefore be;
= Depreciation rate * depreciable cost
= 20% * 66,500
= $13,300
Answer:
true
Explanation:
the cost of the truck should include:
truck sales price $35,000
sales taxes $2,000
company's logo $1,200
<u>safety testing $220</u>
total $38,420
*not included: truck driver's license
Thee original cost of an asset must include its purchase price minus any discounts, and all the elements needed to put the asset into use. In this case, the truck's cost must include all taxes paid, painting of the company's logo and safety testing. It should not include the cost of a truck driver's license because the driver is not part of the truck.
I not sure I think it is B
The amount that'll be paid by Liam in healthcare-related fees this year will be $6216.
Based on the information given, the monthly payment will be:
= $248 × 12
= $2976
She went to the specialist 52 times at 60 dollars. This will be:
= 52 × 60 = $3120
3 visits to the physician at $40 will be:
= $40 × 3 = $120.
Liam's total expenses will be:
= $2976 + $3120 + $120
= $6216
In conclusion, the correct option is $6216.
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