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
Nadusha1986 [10]
3 years ago
14

Cardinal Industries purchased a generator that cost $11,000. It has an estimated life of five years and a residual value of $1,0

00. It is estimated that it will be good for 5,000 hours. Compute the depreciation expense for the first year using the units-of-activity method of depreciation assuming the generator was used for 1,040 hours.
Business
1 answer:
gogolik [260]3 years ago
3 0

Answer:

2080 dollars

Explanation:

Given that Cardinal Industries purchased a generator that cost $11,000

cost of generator = 11000

Estimated life       = 5 years

Residual value     =1000

Hours                    =5000

Depreciation per unit hour = (Cost - residual value)/total lifetime hours

=\frac{11000-1000}{5000} \\=2

For first year the generator was used for 1,040 hours.

Hence depreciation to be charged in I year

= 1040(2)\\=2080

answer is 2080 dollars.

You might be interested in
Which of the following statements are TRUE about credit scores?
Andreas93 [3]
I agree with the person above - the correct answer as to which statements are true about credit scores is C. both A and B, which means that c<span>redit scores indeed do reflect how likely individuals are to repay their debts and o</span><span>nly the credit bureaus know exactly how credit scores are calculated.</span>
3 0
3 years ago
Read 2 more answers
It's an opportunity to give a good impression or introduction of yourself. It can capture the attention of a potential employer
GalinKa [24]

Answer:

Period

Explanation:

6 0
3 years ago
What is a major plan that organizes several other plans?
Eva8 [605]
I think it’s D I’m not sure
5 0
3 years ago
Interest rates can be measured more accurately and quickly than reserve aggregates; hence an interest rate is preferred to the r
7nadin3 [17]

Answer:

False

Explanation:

This is false.

In reporting reserves aggregate there are lags interest rate such as the federal interest rate are quite easy to measure and easily observable. Such short term interest rate are nominal values and they do not measure the real cost of borrowing well. It does not show accurately what happens to Gross domestic product. Real interest rate equals nominal interest rate as a ratio of reduced inflation gives a representation of true cost of borrowing.

We cannot say with certainty that interests rate is a better policy instrument based on the ground of measurability.

7 0
3 years ago
The ___________ must be the basis for a project cost estimate if you plan to create a cost baseline and use earned value managem
kogti [31]

The work breakdown structure must be the basis for a project cost estimate if you plan to create a cost baseline and use earned value management as part of monitoring and controlling costs.

Work can be made more manageable and approachable by using a common productivity strategy called task breaking. The Work Breakdown Structure (WBS), one of the most significant projects management papers, is the tool that applies this technique to projects. It does it on its own, integrating scope, cost, and schedule baselines to guarantee project plans are in sync.

The Work Breakdown Structure is a "deliverable-oriented hierarchical decomposition of the work to be completed by the project team," according to the PMI Project Management Book of Knowledge (PMBOK). WBS can be divided into two categories: deliverable-based and phase-based. The deliverable-based strategy is the most popular and preferred method. The Elements listed in the first Level of the WBS are the primary distinction between the two methodologies.

Learn more about project costs here brainly.com/question/15518327

#SPJ4

3 0
1 year ago
Other questions:
  • To reduce a current account deficit, a country must increase its private saving, reduce domestic investment, or cut its governme
    6·1 answer
  • What is the primary goal of financial management for a sole proprietorship? maximize net income given the current resources of t
    5·1 answer
  • Anheuser-Busch InBev Companies, Inc., reported the following operating information for a recent year (in millions of dollars): N
    5·1 answer
  • Cost reduction is still the number one priority for many supply chain executives, according to the MHI and Deloitte survey. Sele
    14·1 answer
  • The owner of a bookstore in a college town notices that demand for certain textbooks peak during certain times of the year.She a
    13·1 answer
  • What is involved in the process of reconciliation?
    8·1 answer
  • Five business ideas that interest me are starting a pet sitting service, opening a place that help disabled pets, opening up a p
    10·1 answer
  • John hamilton borrowed $500,000 from stone creek bank to open a new restaurant called sauce-it-up. John transferred $450,000 of
    12·1 answer
  • All companies operate in a broad ______-environment that is made up of six components, including political factors and technolog
    9·1 answer
  • a type of group that has a constitution and bylaws and has been organized for purposes other than obtaining insurance is called
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!