On january 1, 2021, the excel delivery company purchased a delivery van for $153,000. at the end of its five-year service life, it is estimated that the van will be worth $15,600. during the five-year period, the company expects to drive the van 458,000 miles. required: calculate annual depreciation for the five-year life of the van using each of the following methods. 2. double-declining balance. (round your answers to the nearest whole dollar amount.) answer is complete but not entirely correct. year 2021 2022 2023 2024 2025 total depreciation $ 61,200 36,720 22,032 13,219 7 ,932 $ 141,103 1

12.     to produce a textured purée, you would use a/an a. food processor. b. wide-mesh sieve. c. immersion blender d. food mill. student a   incorrect which is correct answer?

Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?

Activity-based costing (abc) is not truly a cost collection mechanism as much as it is an inventory valuation method. the main purpose for implementing an activity-based cost system is to try to overcome some of the cost distortions that occur in traditional costing from product differences when there are variations in size and complexity. however, one of the disadvantages of utilizing abc is that the additional information gathering necessary to implement costing with that level of detail might be beyond the reach of some companies with resource or financial constraints. with this in mind, what kinds of industries or companies do you think would benefit most from using activity-based costing and why? in designing or modifying an accounting system to capture appropriate costs for abc, what considerations do you think would need to be made?