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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$

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GuDViN [60]

Answer:

5x - y = 27

Step-by-step explanation:

Slope is the direction of line and it is calculated as,

Slope = \frac{y-y_{1}}{x-x_{1}}


where (x₁, y₁) is any two points on the line.

Here, we have given that

Slope = 5  and (x₁, y₁) = (5, -2)

∴  5 = \frac{y-(-2)}{x-5}


⇒ 5(x - 5) = y + 2

⇒ 5x - 25 = y + 2

⇒ 5x - y = 27

Hence, the equation of a line is: 5x - y = 27

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3 years ago
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pashok25 [27]

Answer:

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6 0
3 years ago
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Triss [41]

See the pic above!

Hope it helps!

5 0
3 years ago
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svetlana [45]
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7 0
2 years ago
Andrew's father drives no more than 350 miles (m) on one tank of gas. Enter an inequality to represent the situation.
Leona [35]

Answer:

~~~~~~~~~~~Hello!~~~~~~~~~~~

Your answer should be:

<em>The number of miles Andrew's father drives on a tank of gas ≤ 350.</em>

Step-by-step explanation:

I hope this helped!

Please tell me if it didn't

<em>(Brainliest would be appreciated)</em>

<em>Have a blessed day!</em>

7 0
2 years ago
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