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IrinaVladis [17]
2 years ago
9

Bramble Corp. purchased a truck at the beginning of 2020 for $109000. The truck is estimated to have a salvage value of $3700 an

d a useful life of 121000 miles. It was driven 21000 miles in 2020 and 29000 miles in 2021. What is the depreciation expense for 2021
Business
1 answer:
Mariulka [41]2 years ago
4 0

Answer:

2020 = 18275.206

2021 = 25237.190

Explanation:

Cost of truck at beginning of 2020 = $109,000

Salvage value = $3700

Useful life = 121,000 miles

Miles driven in 2020 = 21000

Miles driven in 2021 = 29000

Depreciation expense 2020:

((Cost of asset - salvage value) / useful life) * miles driven in 2020

((109,000 - 3700) / 121000) * 21000

0.8702479 * 21000 = 18275.206

Depreciation expense 2021:

((109,000 - 3700) / 121000) * 29000

= 25237.190

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Ethics training programs typically teach how to disguise unethical behavior and not how to avoid unethical behavior.
mario62 [17]

Answer: False

Explanation:

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3 years ago
gThe following data are available for Martin Solutions, Inc. Year 2 Year 1 Sales $1,139,600 $1,192,320 Beginning inventory 80,00
Vaselesa [24]

Answer and Explanation:

The computation is shown below;

For Year 1

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= 365 ÷ 8.4

= 43.5 days

For Year 2

Average inventory = (Beginning inventory + Ending inventory) ÷ 2

= ($80,000 + $72,000) ÷ 2

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3 0
3 years ago
Why must a monopoly supply a good or service that has no close substitute
butalik [34]

Answer:

Because a monopoly is when one person or buisness provides a good or service that people can't get anywhere else so they can continue to make money.

Explanation:

5 0
2 years ago
Prepare an amortization schedule for a five-year loan of $71,500. Assume the interest rate is 7 percent per year and the loan ag
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Answer:

$15,015.00

Explanation:

Note: See the attached excel file for the loan amortization schedule.

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Download xlsx
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