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
stira [4]
2 years ago
7

ABC Company on Jan 1, 2021 purchased a delivery van for $24,000. To complete the purchase, the company also incurred a $800 ship

ping cost and $1,200 sales tax. The company estimates that at the end of its four-year service life, the van will be worth $4,000. During the four-year period, the company expects to drive the van 100,000 miles. Actual miles driven each year were 20,000 miles in year 1; 25,000 miles in year 2; 44,000 miles in year 3; and 55,000 miles in year 4. Required: Using Straight-line depreciation method, what is the annual depreciation expense
Business
1 answer:
Whitepunk [10]2 years ago
7 0

Answer:

the yearly depreciation expense is $5,500

Explanation:

The computation of the yearly depreciation expense using the straight line method is as follows;

= (Purchase cost - salvage value) ÷ (estimated useful life)

= ($24,000 + $800 + $1,200 - $4,000) ÷ (4 years)

= ($26,000 - $4,000)  ÷ (4 years)

= $22,000 ÷  4 years

= $5,500

hence, the yearly depreciation expense is $5,500

You might be interested in
Karl Harris, a marketing critic, is concerned about the pervasiveness of marketing. He points out that advertising messages are
vekshin1

Answer: te correct answer is B) Cultural pollution

Explanation:

Cultural pollution is a defilement of culture and it is when too much mass of art, language, clothing, media and products whose existence is really meaningless is represented in society. Cultural pollution can be enjoyed in earnest by uncritical people, and ironically by the jaded and educated.

6 0
2 years ago
Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 45 million cases of cola were sold ever
Genrish500 [490]

Answer:

Tax on a case of cola is $4 per case.

The burden that falls on consumers is $1 per case.

The burden that falls on producers is $3 per case

False. This is due to the fact that producers already carry a greater share of the tax burden.

Explanation:

Tax on a case of cola = Amount that consumers pay after the tax has been charged - Amount producers receive = $7 - $3 = $4 per case

Burden on consumers = Amount consumers pay after the tax has been levied - Amount consumers pay before tax was levied = $7 - $5 = $1 per case

Burden on producers = Tax on a case of cola - Burden on consumers = $4 - $1 = $3 per case

False. This is due to the fact that producers already carry a greater share of the tax burden.

4 0
2 years ago
Reasons for unequal distribution of income in developing countries​
Colt1911 [192]

Answer:

the answer is because it would never be equal

Explanation:

6 0
2 years ago
Read 2 more answers
Please help ASAP will give 25 points.
m_a_m_a [10]

Answer:

c

Explanation:

cuz dahvvhjfjhasjvgdvdsGHGhgdyhhgvlkmn,vzcnfdmndmdfnbdfbhcdhjcbcbdbnf

4 0
3 years ago
"scuba diving." marcy invented a new type of mask that was not subject to fogging for scuba divers and obtained a patent on it.
Angelina_Jolie [31]

Answer:

vvbggghhhhfgghjjhg

Explanation:

5 0
2 years ago
Other questions:
  • Cash dividends are paid on the basis of the number of shares:
    6·1 answer
  • Central planning is a key characteristic of which economic​ system?
    13·2 answers
  • This is a match question im offering 25 points too cuz ik ppl don't really like this kind but bear with me!
    12·1 answer
  • The Filling Department of Eve Cosmetics Company had 3,900 ounces in beginning work in process inventory (90% complete). During t
    6·2 answers
  • When companies watch both their buyers and their competitors, they are called ________ companies.?
    7·1 answer
  • An insured savings account is also known as a _______ savings account ​
    15·1 answer
  • Discuss the statement: ‘Silence is Golden’ in approximately a hundred 300 words, in
    11·1 answer
  • The cost of preferred stock is computed the same as the:
    13·1 answer
  • if an insurance company makes a statement that its policies are guaranteed by the existence of the Insurance Guaranty Associatio
    14·1 answer
  • What dApp does the author describe as a set of smart contracts that stores data on a home-listing blockchain?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!