1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
converting quarterly and annual business plans into broad output and labor requirements for the intermediate term is known as:
Nikitich [7]

Converting quarterly and annual business plans into broad output and labor requirements for the intermediate term is known as aggregate planning.

Aggregate planning is a method for developing a business by arranging a management to the production and demands. In this method, the quarterly and annual business plans are converted into broad output and labor requirements for the intermediate term. This intermediate term may last from 4 to 12 months.

In this period of time the company will hire new employees to make enough output to satisfy the demands and thereby maximizing the profit with a minimum cost.

Aggregate planning ensures the efficiency and production of a company. Usually it is done as a prior activity to obtain a continuous production facility.

Learn more about aggregate planning at brainly.com/question/18803972

#SPJ4

5 0
1 year ago
What two features of a bond are the principal determinants of its interest rate? A. Investment percentages and maturity delegati
Anit [1.1K]
A. Investment percentages and maturity delegations
8 0
3 years ago
Cassius Corporation has provided the following contribution format income statement. Assume that the following information is wi
Romashka [77]

Answer:

9,400 units

Explanation:

The breakeven point is the number of units that must be sold for the company to make neither a loss nor a profit. A target profit is the net of the sales less the sum of the fixed and variable expenses. The contribution margin  is the difference between the sales and variable cost.

Sales per unit = $210,000/7000 = $30

Variable cost per unit = $136,500/7000 = $19.50

Let the number of units to be sold to achieve the profit target be x

30x - 19.5x - 67200 = 31500

10.5x = 98700

x = 98700/10.5

x = 9,400 units

8 0
3 years ago
A _____ website structure is appropriate if visitors should view the webpages in a specific order, as in the case of training ma
Goryan [66]
<span>The design of the navigation within the </span>website determines the type of the structure of the website. Linear website structure has linear <span> navigation, which means that each page is simply linked to the one before.</span><span>
A linear website structure is appropriate if visitors should view the webpages in a specific order. The case in which the users need to complete training module 1 before attempting training module 2 is example of linear website. </span>
8 0
3 years ago
On January 1, 2021, Ackerman sold equipment to Brannigan (a wholly owned subsidiary) for $200,000 in cash. The equipment had ori
just olya [345]

Answer:  $‭322,000‬

Explanation:

Consolidated income = Net income from Ackerman + Net Income from Brannigan + Excess depreciation - Amortization of unpatented tech - Gain from transfer of equipment

Excess depreciation = New depreciation of equipment - Old depreciation

Depreciation is straight line;

= (200,000/5 years) - (110,000/5)

= $18,000

Gain from transfer of equipment

= Sales - Book value

= 200,000 - 110,000

= $90,000

Consolidated income = 300,000 + 98,000 + 18,000 - 4,000 - 90,000

= $‭322,000‬

5 0
3 years ago
Other questions:
  • ________ is the movement to protect the valid interests of consumers and is a major force in small business today.
    6·1 answer
  • In the early days of computers, programmers and designers started businesses in their parents’ garages and worked there until th
    10·1 answer
  • Define the term market system.
    14·1 answer
  • Thomlin Company forecasts that total overhead for the current year will be $15,500,000 with 250,000 total machine hours. Year to
    14·1 answer
  • Hubert: Demand decreased, but it was perfectly inelastic. Kate: Demand decreased, but supply was perfectly inelastic. Manuel: De
    13·1 answer
  • what song says "what doesn't kill you, makes you ugly. life gives you lemons at least it gives you something." if you don't know
    10·2 answers
  • How does the business cycle affect consumers? check all that apply.
    15·1 answer
  • True or false: One of the challenges of hiring the correct number and type of salespeople is that every sales job is different.
    14·1 answer
  • Volume-based rates are appropriate in situations where the incurrence of factory overhead?
    12·1 answer
  • Why do we record Direct deposits into the CPJ
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!