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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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erica [24]

In implementing some of your steps, anticipate the challenges as they are bound to e related to your specific goal.

<h3>What are challenges?</h3>

Generally, challenges are simply a competitive situation to determine who is superior in a specific field.

In conclusion, in carrying out set goals, missions, or said steps or series of activities we tend to meet challenges, and these challenges are anticipated by the nature of activity.

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6 0
2 years ago
Which level of quality of information would eventually exist in the market for lemons assuming there was no way to gain assuranc
Neko [114]

The level of quality of information would eventually exist in the market for lemons assuming there was no way to gain assurance regarding the accuracy of the information would be low only.

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As a result, if there was no method to verify the authenticity of the information, only low-quality information would eventually be available in the market for lemons.

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3 0
1 year ago
Sally brings home $50,000 a year to help provide financial support to her family, comprised of her husband and two children. She
svp [43]

Answer:

$386,080

Explanation:

In order to find the Coverage of sally's investment in life insurance for 10year can be done by making 10-year table

Year     Cashflow    Discount factorI5%)    Present Value

                 $                       $                                  $

1           50,000              0.9524                        47,620

2           50,000              0.9070                       45,350

3           50,000              0.8638                        43,190

4           50,000              0.8337                        41,135

5           50,000              0.7835                        39,175

6           50,000              0.7462                        37,310

7           50,000              0.7107                         35,535

8           50,000              0.6768                        33,840

9           50,000              0.6446                        32,230

10          50,000              0.6139                        30,695

NPV =  Sum of all present values

NPV = $386,080

3 0
3 years ago
Which of the following is an example of categorical data? A social security number B score on a multiple-choice exam C height, i
Dima020 [189]

Answer:

A social security number

Explanation:

Categorical data is type of data that can be divided into groups or the data which defines a category

Here, in the given question

Score on a multiple-choice exam, Height, in meters, of a diving board and number of square feet of carpet are the quantitative data which means the data quantifies a sample with a particular value.

While A social security number defines a certain category of people.

4 0
3 years ago
Yellco Inc., a toy manufacturer, provided the following information: Domestic unit sales price $50 Unit manufacturing costs: Var
aleksley [76]

Answer:

$540,000

Explanation:

Calculation for The company's differential revenue from the acceptance of the offer

Using this formula

Differential revenue = Number of units of export order * Offer price per unit

Let plug in the formula

Differential revenue=9,000*$60

Differential revenue= $540,000

Therefore the company's differential revenue from the acceptance of the offer is $540,000

4 0
2 years ago
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