Answer:
The depreciation exp for the first year will be 4250 and second will be the same 4250
Explanation:
First we have to subtract the salvage value from the cost of the truck as the method assumes
43000-9000=34000
Second we have to divide the amount we got already by the estimated useful life
34000/8=4250 the dep amount for the first year
Every year we have to do the same process as shown above to get the dep exp amount
Answer:
The answer is "$500".
Explanation:
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Answer:
B. $2,000
Explanation:
Given;
Total cost of ending inventory = $9,000
Total number of units = 600
Over heads cost = $3,000 and the overhead rate is 75% of direct labor
Let direct labour cost be y
75% × y = 3000
3y/4 = 3000
y = 4 × 3000/3
y = $4,000
Total Inventory cost = direct material cost + direct labour cost + overheads
9000 = direct material cost + 4000 + 3000
direct material cost = 9000 - 7000
= $2,000
