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ch4aika [34]
3 years ago
5

Help me its urgent............

Business
1 answer:
Nataly [62]3 years ago
6 0
Sorry vncrd hbn is cbm fh c
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On January 1, 2018, Jacob Inc. purchased a commercial truck for $48,000 and uses the straight-line depreciation method. The truc
Norma-Jean [14]

Answer:

option (D) loss, $3,000

Explanation:

Given:

price of the truck = $48,000

estimated residual value = $8,000

Exchange price of the truck = $60,000

Trade allowance = $35,000

Since, straight line depreciation is given, thus,

Total depreciation = \frac{\textup{48,000−8,000}}{\textup{8}}

or

Total depreciation = $5,000 per year

Therefore,

the book value after two years

= Price of truck - total depreciation in two years

or

= $48,000 − ($5,000 × 2 years)

= $38,000

Now,

a trade allowance received ( i.e $35,000 ) is less than the book value

therefore a loss is recorded

The amount of loss = (Book value - trade allowance received)

or

The amount of loss =  $38,000 - $35,000 = $3,000

Hence, correct answer is option (D) loss, $3,000

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Goals, policies and procedures and mission statements are all examples of what type planning?
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Goals, policies and procedures and mission statements are all examples of what type planning? Strategic planning. Strategic planning is where a company defines the strategy, direction and how they are going to make decisions as a company. By doing this, they have a clear picture of where they want to see the company go and the goals they've set to achieve them. 
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A financial services firm routinely processes a large volume of account change requests. a lean six sigma team wants to understa
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<u>The answer is "1920".</u>


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time = 16 hours

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Jason's mom specifically asked for a CIP cast iron pan for her birthday. As Jason scanned the stock in two department stores, he
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