Science help please!!

During the first two years, Supplies, Inc. drove the company truck 15,000 and 22,000 miles, respectively, to deliver merchandise

Mnenie [13.5K]

Answer:

option (A) $11,000

Explanation:

Given;

Miles drove in first year = 15,000

Miles drove in second year = 22,000

Cost of the truck = $175,000

Residual value = $25,000

Estimated life = 10 years or 300,000 miles

Now,

using the activity based method

Rate of depreciation per mile driven = $\frac{\textup{Cost of truck - Residual value}}{\textup{Estimated life}}$

or

Rate of depreciation per mile driven = $\frac{\textup{175,000 - 25,000}}{\textup{300,000}}$

or

= $0.5 per mile

also,

Number of miles driven in second year = 22,000 miles

Hence,

Depreciation for the second year

= Depreciation rate × Number of miles driven in second year

= 0.5 × 22,000

= $11,000

Hence,

The correct answer is option (A) $11,000

6 0

3 years ago

Sadie owns a hair salon. She gives her hairdressers two options for using her facility, equipment, and salon products: Option

Sonja [21]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Option 1: they can pay Sadie $5 per haircut plus 20% of their revenue.

Option 2: they can pay a flat chair rental of $1,000 per month.

The hairdressers charge their customers $40 per haircut.

Option1= 5*cut + 8*cut= $13 per cut

Option 2= $1000

1000= 13x

77=x

77 haircuts.

8 0

3 years ago

Depreciation of equipment is an example of a(n) relevant cost. opportunity cost. sunk cost. variable cost. None of these.

77julia77 [94]

There are different kinds of cost incurred in business. Depreciation of equipment is an example of sunk cost.

Sunk cost is a financial term for a cost that has been incurred and one cannot recover again. This type of costs are taken as bygone and are not taken into consideration when making decisions.

They are money that has been spent and one cannot get back again. Example is Depreciation, amortization, and impairments.

Lean more about Sunk costs from

brainly.com/question/16524308

7 0

2 years ago

There are _____ federal courts of appeal.

Ray Of Light [21]

There are 13 federal courts of appeal

3 0

3 years ago

Read 2 more answers

Funds acquired by the firm through retaining earnings have no cost because there are no dividend or interest payments associated

bonufazy [111]

Answer:

The correct answer is false.

Explanation:

This statement is false because all funds acquired through earnings have an intrinsic cost that must be determined at the time of withholding them, which must be taken into account during the sale process of any title that is part of the estate. business.

5 0

3 years ago