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Fittoniya [83]
3 years ago
10

Sheridan Chemicals Company acquires a delivery truck at a cost of $27,200 on January 1, 2022. The truck is expected to have a sa

lvage value of $4,300 at the end of its 5-year useful life. Compute annual depreciation for the first and second years using the straight-line method.
Business
1 answer:
umka2103 [35]3 years ago
6 0

Answer:

$4,580 and $4,580

Explanation:

The depreciation expense computation for the first and second year under straight line method is as see below;

= Original cost - Residual value / Useful life

= ($27,200 - $4,300) / 5yrs

= $22,900 / 5yrs

= $4,580

With regards to using the straight line method, the depreciation value is the same for all the remaining useful years.

It therefore means that for the first and second year, the same depreciation value of $4,580 should be charged distinctly for each year.

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How did huey long's plan to limit incomes violate the free enterprise system?
zhenek [66]
Huey Long guaranteed a free training through school and benefits for the matured, which he can't do on the grounds that it is the administration's business to settle on these choices. He likewise he raised duties to make healing facilities to take into account poor people and enhance ignored streets and scaffolds inside the state
5 0
3 years ago
Economic efficiency is
Gnoma [55]

Answer: Option (A) is correct.

Explanation:

In a competitive market, when the demand curve i.e. the marginal benefit curve is exactly equal to the supply curve i.e. marginal cost curve and at this point the sum of consumer and producer surplus is maximized then an equilibrium is set in an economy and economic efficiency is obtained.

Inefficiency occurs at a point where there is a disequilibrium in an economy which means that competitive equilibrium is not achieved by the economy.

6 0
3 years ago
Crossroad chooses to report a financial asset at its fair value. The asset trades in two different markets; however, neither mar
Alex

Answer:$81

Explanation:

The options given are:

a. $76

b. $80

c. $81

d. $82

If the principal market that is, the market that the greatest volume of activity can't be identified, then the most advantageous market would be used to determine the fair value of a financial asset.

The most advantageous market is the market that has the highest net price, after transaction cost has been considered even though the transaction costs is not included into the fair value. Therefore, the second market gives the highest net price of $80 after the consideration of the transaction costs, hence, it should be utilized for fair value purposes.

The fair value amount include the transaction costs, which give $80 + $1 = $81

The fair value amount is $81.

5 0
3 years ago
When developing career goals, it is important to have the mindset that dramatic changes can and often do occur in the job market
Katarina [22]

Answer:

A. home health aides; computer programmers

Explanation:

When developing career goals, it is important to have the mindset that dramatic changes can and often do occur in the job market. In considering the data in your text, it can be seen that the profession of _____ experienced a dramatic increase over the past decade, while careers as ______ have experienced a substantial decrease during the same time frame.

A. home health aides; computer programmers

B. flight attendants; machinists

C. telemarketers; public relations specialists

D. financial managers; child care workers

3 0
3 years ago
Barry and his friends tended to favor a tuition increase that would be used to improve technological facilities. After discussin
swat32

Answer:

group polarization

Explanation:

Group polarization: In social psychology, the term "group polarization" is described as the propensity for a specific group to make a few decisions that are considered as more extreme as compared to the initial inclination of the group's members. However, group polarization occurs either in the direction of conservativeness or riskiness.

In the question above, the given statement represents group polarization.

8 0
3 years ago
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