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yulyashka [42]
3 years ago
12

A company purchased a van at a cost of $42,000 and expects it can be sold for $6,000 after 120,000 miles of service. Assuming th

e units-of-production method is used and the van is driven for 24,000 miles during the first year, the depreciation at the end of the first year would be
Business
1 answer:
scoray [572]3 years ago
8 0

Answer:

Annual depreciation= $7,200

Explanation:

Giving the following information:

A company purchased a van for $42,000 and expects it can be sold for $6,000 after 120,000 miles of service.

<u>To calculate the annual depreciation, we need to use the following formula:</u>

Annual depreciation= [(original cost - salvage value)/useful life of production in miles]*miles driven

<u>For 24,000 miles:</u>

<u></u>

Annual depreciation= [(42,000 - 6,000) / 120,000]*24,000

Annual depreciation= 0.3*24,000

Annual depreciation= $7,200

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Allison is in the final step of her choice in this decision-making case. Because her future as an airline pilot has already been determined, and she has agreed to go to airline pilot research and training programmes.

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3 years ago
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Orange manufactures orange juice. last month's total manufacturing costs for the operation included:_______
Black_prince [1.1K]

Orange manufactures orange juice. final month's overall production costs for the operation covered: Direct exertions, production overhead, and conversion fees.

Manufacturers are described because of the creation of recent merchandise, either from raw materials or components. Examples of products include car companies, bakeries, shoemakers, and tailors, as all of them create products, as opposed to presenting offerings.

Manufacturers are the making of products by means of hand or via gadgets that upon finishing touch the business sells to a customer. items utilized in manufacture may be raw substances or component components of a larger product. the production generally takes place on a massive-scale production line of equipment and professional exertions.

A manufacturer is any enterprise that produces completed items from uncooked substances. They sell these items to clients, wholesalers, distributors, shops, and different manufacturers trying to create more complicated gadgets. manufacturers typically persist with one form of the product.

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1 year ago
If a cost is a common cost of the segments on a segmented income statement, the cost should:_________.
worty [1.4K]

Answer:

the correct answer is

If a cost is a common cost of the segments on a segmented income statement, the costshould:A) be allocated to the segments on the basis of segment sales.

Explanation:

hope this helps u!!!

8 0
3 years ago
If a sign has a white background, it is most likely _____.
nexus9112 [7]

<u>Answer: </u>Safety instructions

<u>Explanation:</u>

Safety measures and instructions for safety everything has white back ground board. This increases the visibility of the board and has clarity for the viewers. These sign boards try to give information of things to be done to be safe.

Also the white background boards have letters in black that will increase the readability. These signboards can be seen in streets, highway, railways, airplanes etc. These signboards help to prevent unnecessary accidents and it is precautionary measure.

3 0
3 years ago
Pharoah Company was started on May 1. A summary of May transactions is presented as follows. 1. Stockholders invested $24,500 ca
hodyreva [135]

Answer:

1. Stockholders invested $24,500 cash in the business in exchange for common stock.

Dr Cash 24,500

    Cr Common stock 24,500

2. Purchased equipment for $4,500 cash.

Dr Equipment 4,500

    Cr Cash 4,500

3. Paid $200 cash for May office rent.

Dr Rent expense 200

    Cr Cash 200

4. Paid $600 cash for supplies.

Dr Supplies 600

    Cr Cash 600

5. Incurred $350 of advertising costs in the Beacon News on account.

Dr Advertising expense 350

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6. Received $4,900 in cash from customers for repair service.

Dr Cash 4,900

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7. Declared and paid a $1,000 cash dividend.

Dr Dividends 1,000

    Cr Cash 1,000

6 0
3 years ago
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