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
lara [203]
3 years ago
9

Sunland Chemicals Company acquires a delivery truck at a cost of $30,400 on January 1, 2022. The truck is expected to have a sal

vage value of $3,200 at the end of its 4-year useful life. Compute annual depreciation for the first and second years using the straight-line method.
Business
1 answer:
liraira [26]3 years ago
8 0

Answer:

$6,800 and $6,800

Explanation:

The computation of the depreciation expense for the first year and the second year using the straight line method is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($30,400 - $3,200) ÷ (4 years)

= ($27,200) ÷ (4 years)  

= $6,800

In this method, the depreciation is the same for all the remaining useful life

Therefore for the first and second year, the same depreciation expense i.e $6,800 should be charged separately in each year

You might be interested in
What is global standardization strategy​
Mashcka [7]
What is Global Standardization? ... The general definition of global standardization is the ability to use standard marketing internationally. In other words, it's the ability for a company or business to use the same marketing strategy from one country to the next, and across various cultures.
5 0
3 years ago
In accounting, emphasis is placed on determining net income in accordance with generally accepted accounting principles. In fina
aksik [14]

Answer: false

                 

Explanation: The first statement in the given case is correct as accounting is based on determining net income. Whereas, the subject matter of finance is related to increase the value of the company and the value of its shareholders wealth.

Finance does not only focus on net income but it also focuses on other aspects like liquidity, future potential etc.

Hence the given statement is false.

7 0
3 years ago
A certain brand of coffee come in two size. An 11.5 ounce package costs 4.24. 27.8 ounce package costs 9.98
Vladimir79 [104]

Answer

the second choice is the better deal

Explanation:

8 0
3 years ago
To effectively communicate with a public, it is important to recognize that ________. all publics have overlapping organizationa
Novay_Z [31]

Answer:

all publics have their own special needs and require different types of communication

Explanation:

To effectively communicate with a public, it is important to recognize that all publics have their own special needs and require different types of communication

5 0
3 years ago
When Teresa went into the furniture store to buy a new sleeper sofa, she thought the prices quoted by the salesperson were too h
Gnom [1K]

Answer:

c. flexible-price

Explanation:

A flexible pricing policy provides room for the business and the customer to negotiate for the final price of a product.  In other words, the price indicated on the item is not fixed.  The seller and buyer can agree to alter it either upwards or downwards.

A flexible pricing strategy enables a business to adjust its prices to suit the market demand. It will allow a company to counter low prices by competitors in cases of price wars. In some instances, businesses set slightly high prices to provide for negotiations.  Flexible pricing is common, especially in tailor-made products.

6 0
3 years ago
Other questions:
  • When investors are not capable of making superior investment decisions on a continual basis based on past prices, public or priv
    11·1 answer
  • A postsecondary school that does not have a set of admission requirements such as a minimum GPA or test scores is called
    11·1 answer
  • Matt has a hearing impairment. He has just joined a law firm and the company wishes to create an environment where he can work e
    14·2 answers
  • Which of the following would cause investment spending to decrease and aggregate demand to shift left? a. a decrease in the mone
    6·1 answer
  • Which of the following statements about executing and evaluating the promotion program is most accurate?
    7·1 answer
  • A ____________ salesperson calls on people who make decisions about products but don't actually buy them, and while they call on
    12·1 answer
  • ​Tara, a​ pharmacist, is planning on opening her own pharmacy. Tara currently earns​ $50,000 a year at her job. She has calculat
    13·1 answer
  • at is Dantzler's horizon, or continuing, value? (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Ye
    7·1 answer
  • Please help :( Kaylee works in a tailor shop. She makes sure that the shop has the right amounts of thread, cloth, buttons, spar
    10·2 answers
  • Most people lose their jobs not because they could not do the work, but because they failed to get along and fit in with others
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!