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
Alisiya [41]
3 years ago
14

A company purchased a delivery van for $28,000 with a salvage value of $3,000 on September 1, Year 1. It has an estimated useful

life of 5 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, Year 1?
Mathematics
1 answer:
Tems11 [23]3 years ago
4 0

Answer:

Depreciation till December 31, Year 1 will be equal to 1,250$

Step-by-step explanation:

Purchasing Cost = 28,000$

Salvage Value = 3,000$

Total Depreciation:

Total Depreciation over 5 years (60 Months) = Purchasing Cost - Salvage Value

Total Depreciation over 5 years (60 Months) = 28,000 - 3,000

Total Depreciation over 5 years (60 Months) = 25,000$

Monthly Depreciation:

Using the unity method we have monthly depreciation by dividing the total depreciation by the total no. of months as below:

Total Depreciation over a single month =25,000/60

Total Depreciation over a single month = 416.67$ (Monthly Depreciation)

Depreciation till December 31, Year 1

As from September 1, Year 1 to December 31, Year 1, its been 3 months therefore total depreciation will be = 3 * Monthly Depreciation

Depreciation till December 31, Year 1 = 3 * 416.67

Depreciation till December 31, Year 1 = 1,250$

You might be interested in
At which value in the domain does f(x) = 0?<br> 2<br> 2<br> 4
natita [175]

Answer:

4

Step-by-step explanation:

7 0
2 years ago
Two integers will be randomly selected from the sets above, one integer from set A and one integer from set B. What is the proba
Fittoniya [83]

Question:

A = {2, 3, 4, 5}

B = {4, 5, 6, 7, 8}

Two integers will be randomly selected from the sets above, one integer from set A and one integer from set B. What is the probability that the sum of the two integers will equal 9?

A. 0.15

B. 0.20

C. 0.25

D. 0.30

E. 0.33

Answer:

Option B: 0.20 is the probability of the sum of the two integers.

Explanation:

The sample space for selecting 2 numbers is given by

4\times 5 = 20

We need to determine the probability that the sum of two integers will be equal to 9.

Hence, we need to add the two integers from the sets A and B such that their sum will be equal to 9.

Hence, the sets are (2,7),(3,6),(4,5),(5,4)

Thus, the total number of sets whose sum is equal to 9 = 4

The probability that the sum of the two integers will equal 9 is given by

P=\frac{4}{20}

P=\frac{1}{5}

P=0.20

Thus, the probability that the sum of the two integers will equal 9 is 0.20

Hence, Option B is the correct answer.

4 0
3 years ago
I WILL AWARD BRAINLIEST!!
yawa3891 [41]

Answer:

10


~Courtney

:


4 0
3 years ago
Read 2 more answers
What is the recursive rule for this geometric sequence? 27, 9, 3, 1...
aleksandrvk [35]

Answer:

Divided by 3.

They are all divided by 3.


3 0
3 years ago
Read 2 more answers
In old-growth forests of douglas fir, the spotted owl dines mainly on flying squirrels. If we left When the initial population i
Delicious77 [7]

Answer: There are 667 owls for every 1000 squirrels.

Step-by-step explanation:

Since we have given that

Number of owls = 30

Number of squirrels = 45

If the number of owls and squirrels will continue to increase.

If there are 1000 squirrels, then the number of owls would be

\dfrac{30}{45}=\dfrac{x}{1000}\\\\x=\dfrac{30\times 1000}{45}\\\\x=666.67\\\\x\approx 667

Hence, there are 667 owls for every 1000 squirrels.

5 0
3 years ago
Other questions:
  • Find the points on the graph of y=sec x, 0 x 2 where the tangent is parallel to the line 3y-2x=4
    10·1 answer
  • A submarine is 50 meters below sea level. It goes up 15 meters, then goes down 40 meters. What is the submarine's new position r
    10·2 answers
  • What is the the vertex of the parabola (y−1)2=24(x+2) ?<br> (-2,1)<br> (2,-1)<br> (2,1)<br> (1-2)
    12·1 answer
  • If x = 3 and y = 5, what is 3x - 2y?
    5·2 answers
  • Which triangles are similar to triangle ABC?
    8·2 answers
  • Three integers have a mean of 7, a median of 5 and a range of 14. find the three integers​
    6·1 answer
  • Which of the following is NOT a type of poem
    10·2 answers
  • HELP <br><br> What is the equation of the trend line in the scatter plot ?
    14·1 answer
  • Yis inversely proportional to X.<br> When X = 3, Y = 8<br> Work out the value of Y when X = 8.
    13·1 answer
  • A cost center’s performance report does not include
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!