Select three aspects that must be considered when analyzing assets.

A company purchased a delivery van for $23,000 with a salvage value of $3,000 on September 1, 2008. It has an estimated useful l

Maksim231197 [3]

Answer:

B

Explanation:

The value to depreciate is always the total asset value minus the salvage value. In this case, $23,000-$3000=$20,000. The straight line method formula is:

Depreciation = value to depreciate/useful years

Depreciation (year) = $20,000/5= $4,000

This formula calculates de depreciation expense each year from the purchase date, which means that on septemeber 1 of 2009 the company will register a depreciation expense of $4,000. But, from september 1,2008 to December 31, 2008 is less than a year we have to calculate the depreciation for each month.

Depreciation (month)= $4,000/12= $333,33

But since that depreciation would be for december 1, we need to calculate the depreciation for each day

Depreciation (day) = $333,33/31 = $10,75

From september 1 to december 1: 3 months, then $333,333 x 3= $1000

And from december 1 to december 31: 30 days, then $10,75 x 30= $322, 58

The depreciation expense on December 31 is: $1000+$322,= $1322,58 that is almost $1,333. On January 1 the depreciation expense would be $1,333.

5 0

3 years ago

I got a question for dudes

Nataly [62]

Answer:

what

Explanation:

7 0

3 years ago

Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $14 a

iren2701 [21]

Answer:

In the question, we are not given information with respect to sales costs, so we can only find total gross sales:

Sales Budget fist 2 quarters of the year

Product Sales Price Sales Q1 Sales Q2 Total gross sales

XQ-103 $14 22,590 27,710 $704,200

XQ-104 $27 14,880 16,200 $839,160

$1,53,360

4 0

2 years ago

The demand for wooden pencils is very responsive to a change in price. That is, the demand for these pencils is highly elastic.

Natalija [7]

Answer:

D. Price will rise, quantity purchased will fall, and gross revenues will fall.

Explanation:

It will lead to a higher price of the good as the management has to take into consideration the amount to wages to be paid to the workers, thus increasing the price of the goods. This will result to a lower demand at a higher price because the price increases and competitions will take advantage of the situation and that will also reduce the revenue of the firm.

4 0

2 years ago

Which of the affirmative action strategies would involve an employer changing the company policy or the way an organization is d

TiliK225 [7]

Identifying and removing employment practices which are working against minority applicants and employees is the affirmative action strategies would involve an employer changing the company policy or the way an organization is decorated.

Affirmative action includes a set of policies and practices within a government or organization which seeks to include particular groups based on their race, gender, sexuality, or nationality.

In no way does affirmative action require an employer to hire an unqualified minority over a qualified non minority, which is important to note. Thus, affirmative actions include outreach efforts, training programs, and other positive steps.

Hence, affirmative action gives a certain advantage to the minority groups in the recruitment process.

To learn more about affirmative action here:

brainly.com/question/15393594

#SPJ4

8 0

2 years ago