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zaharov [31]
2 years ago
13

On January 1, Year 1, the City Taxi Company purchased a new taxi cab for $36,000. The cab has an expected salvage value of $2,00

0. The company estimates that the cab will be driven 200,000 miles over its life. It uses the units-of-production method to determine depreciation expense. The cab was driven 45,000 miles the first year and 48,000 the second year. What would be the depreciation expense reported on the Year 2 income statement and the book value of the taxi, respectively, at the end of Year 2?
a. $8,640 and $19,260
b. $8,640 and $17,260
c. $8,160 and $20,190
d. $8,160 and $18,190
Business
1 answer:
Natasha_Volkova [10]2 years ago
3 0

Answer:

C

Explanation:

Activity method based on output = (output produced that year / total output of the machine) x (Cost of asset - Salvage value)

year 2 = (48,000 / 200,000) x (36,000 - 2000) = 8160

book value = cost of asset - accumulated depreciation

accumulated depreciation = year 1 + year 2's depreciation

year 1 =  (45,000 / 200,000) x (36,000 - 2000) =

- 200,000 - (7650 + 8160) =

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b. Organizational justice.

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Organizational justice is an organizational concept that describes an employee's perception of decisions, fairness, behaviors and actions with respect to how these employees are affected or influenced both psychologically and other wise at work.

Organisational justice deals with all workplace related activities, ranging from salary to relationships between superiors and their subordinates, equal rights, gender equality and even access to training and promotion.

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3 years ago
Hache Corporation uses the weighted-average method in its process costing system. Data concerning the first processing departmen
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Answer:

The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: d) $21,797

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Calculation of Equivalent Units of Production

<u>Materials </u>

Units transferred to the next department (5,800 × 100%) = 5,800

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<u>Conversion</u>

Units transferred to the next department (5,800 × 100%)    = 5,800

Units in ending Work In process (1,850 × 20%)                     =    370

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Answer:

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