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
Rufina [12.5K]
3 years ago
9

Rover Corporation purchased a truck at the beginning of 2017 for $109,200. The truck is estimated to have a salvage value of $4,

200 and a useful life of 120,000 miles. It was driven 21,000 miles in 2017 and 29,000 miles in 2018. What is the depreciation expense for 2018
Business
1 answer:
jenyasd209 [6]3 years ago
4 0

Answer:

Annual depreciation= $25,375

Explanation:

Giving the following information:

Purchase price= $109,200

Salvage value= $4,200

Useful life in miles= 120,000

<u>To calculate the depreciation expense, we need to use the units-of-activity method:</u>

<u></u>

Annual depreciation= [(original cost - salvage value)/useful life of production in miles]*miles operated

<u>2018:</u>

Annual depreciation= [(109,200 - 4,200) / 120,000]*29,000

Annual depreciation= 0.875*29,000

Annual depreciation= $25,375

You might be interested in
Amram Inc. can issue a 20-year bond with a 6% annual coupon at par. This bond is not convertible, not callable, and has no sinki
Reil [10]

Answer:

B) The coupon rate could be less than, equal to, or greater than 6%, depending on the specific terms set, but in the real world the convertible feature would probably cause the coupon rate to be less than 6%.

Explanation:

Amram Inc. is issuing two bonds, one is not convertible and the other one is convertible and callable. Regardless of the coupon rate that they plan to set, convertible and callable bonds will usually (almost always) have a coupon rate that is lower than non-convertible or non-callable bonds.

Convertible bonds are bonds that can be converted or exchanged to common stock. Since convertible bonds offer more investment options, their risk is lower than non-convertible bonds.

Callable bonds is a bond that can be redeemed before the maturity date.

7 0
3 years ago
AE Corp. completed the following transactions during Year 1: Issued 3,000 shares of $10 par common stock for $25 per share. Repu
AleksandrR [38]

Answer:

4,700 shares

Explanation:

The computation of the number of shares of common stock outstanding at the end of the period is shown below

= Beginning shares + issued shares  - repurchase shares + reissue shares

= 2,000 shares + 3,000 shares - 500 shares + 200 shares

= 4,700 shares

We applied the above equation to find out the number of shares outstanding at the end of the year

6 0
3 years ago
Modern machinery encouraged businesses to move out of homes and workshops to factories. True False
Gnoma [55]
False....Get a A lol your welcome
5 0
3 years ago
Who os responsible for paying income taxes​
Vedmedyk [2.9K]

The correct answer is; businesses and anyone who works and pays taxes.

Further Explanation:

Any one who is working in the United States has to pay income taxes. Businesses must also pay income taxes. Income taxes are due each year, generally from January 1st until April 20th.

People can do their own taxes or hire an accountant to do them. There are numerous websites where it is free to file taxes such as Turbotax and H&R Block. If a person has overpaid they are due a refund.

Both businesses and individuals can file for an extension on their taxes.

Learn more about IRS at brainly.com/question/12498230

#LearnwithBrainly

8 0
3 years ago
Job control unionism seeks to achieve all of the following except:A. Increase employee participation and decrease managerial con
Tasya [4]

Answer:

A. Increase employee participation and decrease managerial control.

Explanation:

Unions are basically the key to decrease managerial control as much as possible and increase the power wielded by the workers.

5 0
3 years ago
Other questions:
  • The government of Wrexington, a country which has adopted American GDP accounting conventions, has calculated that the seasonall
    5·1 answer
  • You borrowed $185,000 for 30 years to buy a house. The interest rate is 4.35 percent, compounded monthly. If you pay all of your
    13·1 answer
  • .
    14·1 answer
  • If amazon had decided to design and manufacture the kindle and all its components in the united states, what do you think the co
    13·1 answer
  • The account allowance for uncollectible accounts is classified as a(n contra account to uncollectible accounts expense. expense.
    11·2 answers
  • A________ is a probable future sacrifice of economic benefits arising from present obligations to transfer assets or provide ser
    11·1 answer
  • Pam runs a shoeshine stand at the airport. Pam has no skills, no job expereince, and no alternative employment. Entrepreneurs in
    14·1 answer
  • Hagar Corporation has municipal bonds classified as a held-to-maturity at December 31, 2017. These bonds have a par value of $80
    6·1 answer
  • Discount-Mart issues $10 million in bonds on January 1, 2018. The bonds have a ten-year term and pay interest semiannually on Ju
    10·1 answer
  • The steps used by businesses to develop a customer profile survey include___.
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!