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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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OLEGan [10]
-12.5 or -12 1/2 so easy
5 0
3 years ago
Industrial chemicals are stored in 55-gallon drums. The radius of the drum is 12 inches, and the height is 32 inches. what is th
Drupady [299]

Answer:

The surface area of the drum is 3317.5218 square inches.

Step-by-step explanation:

Drum's have a cylindrical form, therefore in order to calculate its surface area we need to apply the correct formula, as shown below:

area = 2*\pi*r^2 + 2*\pi*r*h

Where the first term of the sum is the area of the lid and bottom of the drum and the second term is the area of the walls of the drum, r is the radius and h is the height. Applying the data from the problem, we have:

area = 2*\pi*12^2 +2*\pi*12*32\\\\area = 3317.5218 \text{ square inches}

The surface area of the drum is 3317.5218 square inches.

4 0
3 years ago
Two lemon creams plus four fudge cookies have 450 calories. Four lemon creams plus two fudge cookies have 420 calories. How man
Gnoma [55]

Answer:

Each fudge cookie has 80 calories.

Each lemon cream has 65 calories.

Step-by-step explanation:

We will let \ell represent the calories in lemon creams and f represent the calories in fudge cookies.

Two lemon creams and four fudge cookies together have 450 calories. So, we can write the following equation:

2\ell+4f=450

And four lemon creams plus two fudge cookies together have 420 calories. So, we can write the following equation:

4\ell+2f=420

We now have a system of equations. We can solve this by elimination.

For the first equation, we can multiply both sides by -2. This way, the \ell will cancel when we add the two equations together.

So, the first equation becomes:

-4\ell-8f=-900

Add this to the second equation. Hence:

(-4\ell+4\ell)+(-8f+2f)=(-900+420)

Simplify:

-6f=-480

Divide both sides by -6. Hence:

f=80

So, there are 80 calories in one cookie.

We can use the first equation again to find the amount of calories in one cream. We have:

2\ell+4f=450

Substituting 80 for f yields:

2\ell+320=450

Then it follows that:

\ell=65

So, there are 65 calories in each lemon cream.

5 0
2 years ago
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julia-pushkina [17]

Answer:

The one with the frequency of 8

Step-by-step explanation:

4 0
2 years ago
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Simplify.<br><br> 1/4y+1 1/2+2−1 3/4y−12
valina [46]

Answer:

2y+9 1/2

Step-by-step explanation:

the answer is 2y+9 1/2 because 1/4y+1 3/4y=2y and 1 1/2+2+ (-12) (12 is negative because its minus 12)=9 1/2 so the answer is 2y+9 1/2

4 0
3 years ago
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