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inessss [21]
3 years ago
11

Norman Delivery Company purchased a new delivery truck for $36,000 on April 1, 2019. The truck is expected to have a service lif

e of 5 years or 120,000 miles and a residual value of $3,000. The truck was driven 10,000 miles in 2019 and 20,000 miles in 2020. Norman computes depreciation expense to the nearest whole month.
Business
1 answer:
ArbitrLikvidat [17]3 years ago
3 0

Answer:

2019 = 2750

2020 = 5500

Explanation:

Given that:

Cost of truck = $36000

Salvage value = $3000

Useful life = 120, 000 miles

(Cost of asset - salvage value) / useful life

(36000 - 3000) / 120,000 = 0.275

2019 : 0.275 x 10,000 = 2750

2020 : 0.275 * 20000 = 5500

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A factory worker earns $500 per week and will receive a $2,000 bonus at year-end, a 2-week paid vacation, and 5 paid holidays. T
Scorpion4ik [409]

Answer:

$70

Explanation:

Data provided in the question:

Earnings per week = $500

Bonus received per year = $2,000

Paid vacation = 2 weeks

Paid holidays = 5

Now,

Since  the workers have 2 weeks of vacation the fringe benefit will be calculated for 50 weeks  

[as 1 year have 52 weeks, so  52 - 2 weeks = 50 weeks]

Now,

Bonus per week = $2,000 ÷ 50 weeks

= $40 per week

Vacation pay for the year = Earning per week × Total vacation per year

= $500 × 2 weeks =  $1,000

Thus,

Vacation pay per week = $1,000 ÷ 50 weeks

= $20 per week

since there are 5 days working in a week

Holiday pay per day = $500 ÷ 5 days

= $100 per day

Thus,

Total holiday pay for a year =  Holiday pay per day × total holidays per year

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Therefore,

Holiday pay per week = $500 ÷ 50 weeks

= $10 per week

Hence,

Combined amount of accrual

= $40 + $20 + $10

= $70

5 0
3 years ago
what document explains your rights and responsibilities as a federal student loan borrower? your master promissory note. your bi
Natalija [7]

The document that explains your rights and responsibilities as a federal student loan borrower is A. your master promissory note.

The master promissory note refers to the legal document where one promises to repay their loans and any fees or accrued interests to the Department of Education.

The <em>master promissory note</em> also explains the terms and the conditions of the loan that's taken. It's simply a legally binding document. One has to understand the rights and then responsibilities before one takes the loan.

In conclusion, the correct option is your master promissory note.

Read related link on:

brainly.com/question/25077675

7 0
3 years ago
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igor_vitrenko [27]

Answer:

Answer is option b, i.e. Passion for his invention.

Explanation:

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3 0
3 years ago
The current interest rate on a savings account is 1.85%. The current inflation is 1.9%. What is the real dollar return on this a
kogti [31]
1.67 is the correct answer
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How is the russian economy adjusting to the difficulties of a centrally planned economy?
yanalaym [24]
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