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
Kamila [148]
3 years ago
6

A truck was purchased for $180,000 and it was estimated to have a $36,000 salvage value at the end of its useful life. Monthly d

epreciation expense of $3,000 was recorded using the straight-line method. The annual depreciation rate is Group of answer choices
Business
1 answer:
Nezavi [6.7K]3 years ago
7 0

Answer:

the annual depreciation rate is 25%

Explanation:

The computation of the depreciation rate is shown below:

= Yearly depreciation ÷ (Purchased cost - salvage value)

= ($3,000 × 12 months) ÷ ($180,000 - $36,000)

= $36,000 ÷ $144,000

= 25%

Hence, the annual depreciation rate is 25%

we simply applied the above formula

You might be interested in
Bonds contain three important pieces of information. These three pieces are the
kodGreya [7K]
Where’s the other answer choices?
6 0
3 years ago
Read 2 more answers
An investment proposal with an initial investment of $100,000 generates annual net cash inflow of $20,000 for a period of 10 yea
dalvyx [7]

Answer:

5 years

Explanation:

Initital investment           $100,000

Cash inflows 1-5 (20,000*5)             ($100,000)

The payback period for this investment project is 5 years.

or

100,000/20,000=5 years

7 0
4 years ago
A lifestyle that minimizes avoidable frustrations could particularly benefit a person who is predisposed to higher levels of str
Firlakuza [10]

Answer:

Type A behaviour pattern.

6 0
3 years ago
How is a game restarted if the ball is kicked out of bounds over the goal-line by the defensive team in soccer?
svp [43]

Answer:

If the ball goes over the goal line (end line), but not into the goal, and was last touched by the attacking team, it is put back into play by the defending team with a goal kick.

6 0
3 years ago
Knowledge Check 01 All of the following are weaknesses of the payback period: (You may select more than one answer. Single click
DerKrebs [107]

Answer:

tifijf

Explanation:

hrjfkfjuritjfjfirifhfidbdudbdudneudjdjdjdjdudhdhfidbd

7 0
3 years ago
Other questions:
  • ​____ post ratings of products and services and contribute to and edit articles in wikis
    13·1 answer
  • Manufacturers Southern leased high-tech electronic equipment from International Machines on January 1, 2018. International Machi
    5·1 answer
  • Cohesion case Consider the types of hardware and software your business requires. You should consider the following: computers,
    5·2 answers
  • Which one of the following measures the average amount of time that it takes to repair a system, application, or component?
    11·1 answer
  • A property management company hit its corporate goals for the year by increasing profits by 5%, two points higher than its 3% go
    6·1 answer
  • Acel Co. uses the allowance method to account for bad debts. Early in 2010, Acel determined that it could not collect $400 from
    7·2 answers
  • B. Lopez Company reports unadjusted first-year merchandise sales of 221,000 and cost of merchandise sales of $64,000. The compan
    7·1 answer
  • 6. Which of the following is not a service quality attribute?
    5·2 answers
  • In a merger or acquisition, an asset should be acquired if it: is a firm in the same line of business in which the acquirer has
    14·1 answer
  • The first economist to describe the process that turns self-directed gain into social and economic benefits for all was.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!