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PIT_PIT [208]
3 years ago
7

A truck acquired at a cost of $285,000 has an estimated residual value of $14,100, has an estimated useful life of 43,000 miles,

and was driven 3,900 miles during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places. (a) The depreciable cost $fill in the blank 1 (b) The depreciation rate $fill in the blank 2 per mile (c) The units-of-activity depreciation for the year
Business
1 answer:
777dan777 [17]3 years ago
8 0

Answer:

a. $270,900

b. $6.30

c. $24,570

Explanation:

(a) The depreciable cost = $270,900

(b) The depreciation rate = $6.30

(c) The units-of-activity depreciation for the year =- $24,570

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3 years ago
A car dealership gives another company a consumer's financial records without notifying the consumer. Which regulatory act did t
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Right to financial privacy act

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3 years ago
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A certain drug treatment cures 90% of cases of hookworm in children. Suppose that 20 children suffering from hookworm are to be
damaskus [11]

Answer:

78% of 2.

Explanation:

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8 0
2 years ago
An investor has opened a jewellery store and a bakery shop in your village which is near the sea side. Do you consider the locat
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Answer:

The bakery business is a good business for this location but the jewellery is not.

Explanation:

The bakery business is a good business for this location but the jewellery is not. This is because the vast majority of individuals in the area are most likely going to be people spending the day travelling and going to the beach or taking a walk on the boardwalk. Therefore, pasteries in the morning on a nice day or in the afternoon would be in demand in that area. However, jewellery probably will not be in high demand. The best place for a jewellery store is in the middle of the city where people go to shop, ideally a high income location.

7 0
3 years ago
Here is some price information on Fincorp stock. Suppose that Fincorp trades in a dealer market. Bid Ask 55.25 55.50 a. Suppose
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Answer:

$55.50

Explanation:

The bid price is $55,25 is the price applicable to investors would intend to sell their investment.

The ask price is $55.50 is the price applicable to investors who wish to acquire the Fincorp stock.

The prices have been computed in such a  way that the broker will always gain, whether an investor is buying or selling his/her stake.

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3 years ago
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