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
marshall27 [118]
3 years ago
13

A truck acquired at a cost of $80,000 has an estimated residual value of $8,000, has an estimated useful life of 200,000 miles,

and was driven 18,000 miles during the year. Determine the following. If required, round your answer for the depreciation rate to 2 decimal places.(a) The depreciable cost __________. (b) The depreciation rate __________. (c) The units-of-activity depreciation for the year per mile __________.
Business
1 answer:
Alexus [3.1K]3 years ago
6 0

Answer:

a. $72,000

b. $0.36

c. $6,480

Explanation:

a. Depreciation cost = Cost of truck - Residual value

= $80,000 - $8,000

= $72,000

b. The depreciation rate = (Cost of truck - Residual value) ÷ Estimated total production

= ($80,000 - $8,000) ÷ 200,000 miles

= $72,000 ÷ 200,000 miles

= $0.36

c. The units-of-activity depreciation for the year per mile = Driven miles × Depreciation rate

= 18,000 × $0.36

= $6,480

You might be interested in
Do savings and loan associations offer checking accounts?
svlad2 [7]
No they do not offer
3 0
3 years ago
Kelly has a meeting with mark. when she arrives, mark is on the phone. mark tells the caller that his meeting appointment has ar
777dan777 [17]
Mark's action on the given scenario above is that he is showing courtesy. Courtesy is a way of showing politeness towards other people. This is shown where Mark ended the call because Kelly already arrives. He prioritizes Kelly first because he does not want to make her wait and she's already there to see him. 
4 0
3 years ago
8. If the unemployment rate is below its natural rate, then ________. Group of answer choices output is above its potential leve
fgiga [73]

Answer:

Output is below its potential level.

4 0
3 years ago
Gardening supplies are hot now, but they haven't always been. Why is this true of other businesses, too?
9966 [12]

i think your answer is B

ok

:P

╦___________________________________╦

│Hope this helped  _____________________│

│~Xxxtentaction ^̮^ _____________________│

╩___________________________________╩

5 0
3 years ago
Expensive department stores market service and atmosphere while less expensive stores market location and perceived lower prices
melisa1 [442]

Answer: Monopolistic competition

Explanation:

Monopolistic competition is described as a competition between firms where they offer similar services but not the same or exact services. This competition is seen in industries where differentiation is possible, example of such industries are restaurant, hairdressers, clothing, TV programs.

7 0
3 years ago
Other questions:
  • Octavia has received an email from a customer, asking her a question about a product. unfortunately, octavia doesn't know the an
    8·2 answers
  • Which of these is not considered one of the big six reportable illness E. coli HIV or norvirus
    15·1 answer
  • true or false for the best control of both the accelerator and brake pedals rest the heel of your foot on the floor??
    7·2 answers
  • 5 find the present value of $7,000 to be received one year from now, assuming a 3 percent annual discount interest rate. also ca
    10·1 answer
  • Which of the following statements is true? A. Expenses are decreased by debits. B. Liabilities are decreased by credits. C. Reve
    9·1 answer
  • Moorcroft Company’s budgeted sales and direct materials purchases are as follows:
    5·1 answer
  • ____________bonds are exchangeable at the option of the holder for the issuing firm's common stock. Bonds can be issued with war
    9·1 answer
  • Acme Co. is considering a four-year project that will require an initial investment of $9,000. The base-case cash flows for this
    7·1 answer
  • What signs of maturity were shown towards the end of Tall Girl? Movie
    13·1 answer
  • When the value of a bank's assets is than its liabilities, the bank is said to be:_____.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!