subject
Business, 15.07.2021 01:10 NeverEndingCycle

A delivery truck was purchased for $120,000 on January 1. It was estimated to have a useful life of 10 years and 200,000 miles with a residual value of $10,000. During the first year, the truck was driven 18,700 miles. Calculate the depreciation expense for the first year, assuming the company uses the units-of-production method. Show your answer as a whole dollar amount.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 20:00
Miller mfg. is analyzing a proposed project. the company expects to sell 14,300 units, plus or minus 3 percent. the expected variable cost per unit is $15 and the expected fixed cost is $35,000. the fixed and variable cost estimates are considered accurate within a plus or minus 3 percent range. the depreciation expense is $32,000. the tax rate is 34 percent. the sale price is estimated at $19 a unit, give or take 3 percent. what is the net income under the worst case scenario?
Answers: 2
question
Business, 22.06.2019 21:00
After hearing a knock at your front door, you are surprised to see the prize patrol from a large, well-known magazine subscription company. it has arrived with the good news that you are the big winner, having won $21 million. you have three options.(a) receive $1.05 million per year for the next 20 years.(b) have $8.25 million today.(c) have $2.25 million today and receive $750,000 for each of the next 20 years.your financial adviser tells you that it is reasonable to expect to earn 13 percent on investments.
Answers: 3
question
Business, 23.06.2019 02:30
Perform a goal seek analysis to find a packing weight that will bring the shipping weight of the retro fit clothing set down to 39.75 lbs. use cell i9 as the cell to set, 39.75 as the target value, and cell f5 as the changing cell. keep the values generated by the goal seek analysis as the value for cells f5, i9, and i10.
Answers: 2
question
Business, 23.06.2019 06:10
Which of the following functions finds the highest value of selected inputs? a. high b. hvalue c. max
Answers: 3
You know the right answer?
A delivery truck was purchased for $120,000 on January 1. It was estimated to have a useful life of...
Questions
question
Mathematics, 02.11.2020 18:20
question
Mathematics, 02.11.2020 18:20
question
Mathematics, 02.11.2020 18:20
question
Computers and Technology, 02.11.2020 18:20
Questions on the website: 13722362