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mylen [45]
3 years ago
14

Wildhorse Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be d

riven 144,000 miles. Taxi 10 cost $29,000 and is expected to have a salvage value of $200. Taxi 10 was driven 31,000 miles in 2021 and 33,500 miles in 2022.
Determine the depreciation cost. (Round answer to 2 decimal places, e.g. 1.25.) per unit
Depreciable costs
eTextbook and Media
Compute the depreciation for each year. 2021 2022
Depreciation expense $
Business
1 answer:
9966 [12]3 years ago
8 0

Answer:

depreciation expense 2021 = $6,200

depreciation expense 2022 = $6,700

Explanation:

depreciable value = $29,000 - $200 = $28,800

depreciation expense per mile driven = $28,800 / 144,000 = $0.20

number of miles driven during 2021 = 31,000

depreciation expense 2021 = 31,000 x $0.20 = $6,200

number of miles driven during 2020 = 33,500

depreciation expense 2022 = 33,500 x $0.20 = $6,700

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Do you know, and can you describe, the three principal ways a for-profit business might legally organize?
Lostsunrise [7]

Answer:

1. Sole Proprietorship

2. Limited Liability Company (LLC)

3. Corporation

Explanation:

1. Sole Proprietorship - This is also called a one-man business. It could be your small neighbourhood store and so on. It is usually owned and run by the same person. The owner has unlimited liability and thus can lose his/her personal properties where the business is in debt.

2. Limited Liability Company (LLC) - these are private limited liability companies, and as name implies, the liability of its members is limited to the amount they contribute to the business. The Company is a legal entity and can own, buy and sell properties in its name

3. Corporation - This is a public company, its share is quoted on the stock exchange and can be freely traded. The ownership (shareholders) of the public corporation is different from those who run them (management). The Company is a legal entity and can own, buy and sell properties in its name

4 0
3 years ago
Merle has a rural piece of land in the northern part of the state. He is in the process of selling it to a developer. The proper
Marina CMI [18]

Answer: B. Metes and Bounds System

Explanation: The metes and bounds system is an old system of land surveying practiced many centuries ago whereby land boundaries are determined using features such as flowers, trees, river, roads, pole etc. It was a system used before the advent of modern surveying instruments.

•Metes refers to determining boundary by measuring straight run between two points.

•Bounds is the use of features such as rocks, water course, etc to define boundary, this is used for large portion of property such as political boundaries between two towns.

3 0
3 years ago
According to proponents of the Hawthorne effect, Multiple Choice giving less attention to employees increases worker productivit
o-na [289]

Answer:

giving more attention to employees increases worker productivity, if they think managers care about them.

Explanation:

Hawthorne effect establishes that when the workers are observed they improve their productivity. When the initial experiment was done, the investigators were trying to prove that the improvement of workers environment increases the productivity; when they improve the lighting conditions the productivity improved, but when the study finished the productivity was reduced again. In that way they realized that when the workers are observed they improve their productivity because they feel that the managers care about them and their results.

8 0
3 years ago
Lieutenant Columbo donned his raincoat and hopped into his 1959 Peugeot, hot on the trail of another condescending millionaire m
Nadya [2.5K]

Answer:

C) reliability quality scale.

Explanation:

Lieutenant Colombo, the owner of the Peugeot, clearly has chosen to keep using the car, not because of how it looks, but because everytime he turned the keys, the car would start. This means that the car works as intended, which is the very definition of reliability.

In other words, the Peugeot is so reliable, that even if it looks poorly (it is described as an eyesore) it is still in use.

6 0
3 years ago
Hip Manufacturing produces denim clothing. This year it produced 3,040 denim jackets at a cost of $91,200. These jackets were
Mila [183]

1. The income for each alternative for the damaged jackets of Hip Manufacturing is as follows:

                                      Scrap            Recycle           Rework

Sales Revenue           $18,240          $36,480         $136,800

Additional cost                      0              6,080            103,360

Income                      $18,240         $30,400           $33,440

2. The chosen alternative is C. reworking.

<h3>Data and Calculations:</h3>

Production units = 3,040

Production costs = $91,200

                                      Scrap            Recycle           Rework

Sales Revenue           $18,240          $36,480         $136,800

Additional cost                      0              6,080            103,360

Income                       $18,240          $30,400           $33,440

Thus, reworking yields the highest income and should be chosen as it reduces the loss from the damage more than scrapping or recycling.

Learn more about calculating income at brainly.com/question/25895372

#SPJ1

4 0
1 year ago
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