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
den301095 [7]
3 years ago
13

A company purchased a new delivery van at a cost of $61,000 on July 1. The delivery van is estimated to have a useful life of 5

years and a salvage value of $4,900. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the van during the first year ended December 31?
a. $5,880.
b. $5,610.
c. $6,590.
d. $11,220.
e. $6,100.
Business
1 answer:
faust18 [17]3 years ago
4 0

it's half a year out of 5, so 1/10 of the useful lifetime of the van

$61,000 - $4,900 is $56.1000

one tenth of that will be what we are looking for, so option b. should be just right to fit here

You might be interested in
What federal government agency collects income taxes
crimeas [40]

Explanation:

The IRS is a bureau of the Department of the Treasury and one of the world's most efficient tax administrators. In fiscal year 2020, the IRS collected almost $3.5 trillion in revenue and processed more than 240 million tax returns

7 0
3 years ago
Diamonds are generally marked up 100% from wholesale. If you offer a discount of 25% from the normal price on a diamond ring tha
alexandr402 [8]

Answer:

$412.5

Explanation:

First, we have to calculate the sale price of diamond at which i will be selling in normal circumstances

Normal selling price=Cost price+100%*Cost price

                               =275+100%*275

                               =$550

Now apply the discount rate of 25% to the normal selling price to caculate the actual offer price

Actual offer price=550*75%=$412.5

6 0
3 years ago
Concise writing will save your reader time and make your message easier to understand. During phase three of the 3-x-3 writing p
almond37 [142]

Answer:

1) A) Adequate enough

2) C) That was unfinished

3) A) Purge empty words

C) Reject redundancies

Explanation:

Redundancies means words that are not necessary for the sentence. These words have repetitive meanings are not required in the sentence. Here adequate and enough both have similar meanings. Empty words are one which do not add extra meaning to the sentence. The word unfinished does not add any meaning to the sentence as it is already mentioned that there is incomplete data. By removal of empty words and redundancies the passage will be more precise and concise.

6 0
3 years ago
The project management plan is the output of the planning process of project _____. a. scope management b. procurement managemen
ss7ja [257]
I think the answer is D hope this helps!!!:)
6 0
3 years ago
The structural approach is used to calculate gross domestic product. <br> a. True <br> b. False
iragen [17]

Answer – B. False

 

There are basically two approaches that are used to calculate gross domestic product (GDP). They are the expenditure approach and the resource cost / income approach; neither of these is synonymous with structural approach. GDP is one of the two commonly used measures of national income and output in economics, the other measure being gross national product (GNP).

6 0
3 years ago
Other questions:
  • _______ is the efforts of independent individuals, groups, and organizations to protect the rights of consumersa) sustainability
    14·1 answer
  • 2. A company's accounting records reveal that Supplies had a beginning balance of $1,000. During the accounting period, the comp
    9·1 answer
  • At the beginning of the year an investor purchased 100 shares of common stock from ABC Corporation at $10 per share. During the
    12·1 answer
  • Foreign saving is used for domestic investment when foreigners engage in
    14·1 answer
  • According to Franks and Smallwood (2013), information has not become the lifeblood of every organization, and that an increasing
    15·1 answer
  • Two interest groups are competing for influence in Congress. One group represents banking institutions, while the other advocate
    8·1 answer
  • When the Fed is acting as fiscal agent for the Treasury, it will
    14·1 answer
  • Please help me on my homework come on bro
    15·1 answer
  • During Year 1, Hardy Merchandising Company purchased $20,000 of inventory on account. Hardy sold inventory on account that cost
    13·1 answer
  • At the beginning of fiscal 2014, Standard Rate Company acquired a small savings and loan association for $68 million. The book v
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!