1 answer

Ied Exercise 9-6 rales Company acqures a delivery truck at a cost of $38,000. The truck...

Question:

ied Exercise 9-6 rales Company acqures a delivery truck at a cost of $38,000. The truck is expected to have a savage value of $6,000 at the end of ts 4-year unelife. Assuming the decining baiance depreciation rate is double preciation for the frst and second years under the dedining-balance method ick if you would like to Show Woerk for this question: Qeenhon Wack
ied Exercise 9-6 rales Company acqures a delivery truck at a cost of $38,000. The truck is expected to have a savage value of $6,000 at the end of ts 4-year unelife. Assuming the decining baiance depreciation rate is double preciation for the frst and second years under the dedining-balance method ick if you would like to Show Woerk for this question: Qeenhon Wack

Answers

Depreciation rate = 1/4*2 = 50%
Annual depreciation expense:
Year 1 19000 =38000*50%
Year 2 9500 =(38000-19000)*50%
.

Similar Solved Questions

1 answer
Which of the following displays the number of elements contained in the intItems array? a. lblCount.Text...
Which of the following displays the number of elements contained in the intItems array? a. lblCount.Text = intItems.Len b. lblCount.Text = intItems.Length c. lblCount.Text = Length(intItems) d. lblCount.Text = intItems.NumElements...
1 answer
1. A firm is starting a new project that will cost $200,000. It is projected to...
1. A firm is starting a new project that will cost $200,000. It is projected to last 5 years and to generate cash flows of $50,000, $70,000, $90,000, $50,000 and $30,000 from Years 1 through 5 respectively. If the discount rate is 10%, what is the NPV of this project? Round to the nearest penny. Do ...
1 answer
Brief Exercise 4-02 Crane Corporation had net sales of $2,417,100 and interest revenue of $37,500 during...
Brief Exercise 4-02 Crane Corporation had net sales of $2,417,100 and interest revenue of $37,500 during 2020. Expenses for 2020 were cost of goods sold $1,452,900, administrative expenses $221,200, selling expenses $282,700, and interest expense $45,100. Crane’s tax rate is 30%. The corporati...
1 answer
What monetary policy has the Fed implemented so far this year, and why has it chosen...
What monetary policy has the Fed implemented so far this year, and why has it chosen to implement them? What monetary policy is expected in December, after chairman Powell's testimony? Give 3 reasons why Powell feels this is appropriate. Chairman Powell mentioned that fiscal policy also plays a ...
1 answer
The average cost of tuition and fees at public four year colleges in the United States...
The average cost of tuition and fees at public four year colleges in the United States can be modeled by the following formula, where 1996. When will tuition and fees at public US colleges average $5081? represents the average cost of tuition and fees for the school year ending x years after T= 165x...
1 answer
When Robert and mary had their first child, they had different reactions to parenthood. If their...
When Robert and mary had their first child, they had different reactions to parenthood. If their adjustment is typical of most new parents, you would expect that Robertwould react to becoming a father by: giving priority to his parenting and family roles intensifying his work efforts to become a bet...
1 answer
) Lovely Home Improvement Corporation has an all-equity capital structure and may issue $10 million of . The CFO will consider the company's tax rate and the creditors' and 5. (8 points r...
) Lovely Home Improvement Corporation has an all-equity capital structure and may issue $10 million of . The CFO will consider the company's tax rate and the creditors' and 5. (8 points riskless debt to repurchase common stock ners' tax rates when deciding whether to change the company&#...
1 answer
Please help me, asap due in the morning
A block of mass m is attached tostring and suspended inside a hollow box of mass M. The box restson a scale that measures the system's weight.(a) If the string breaks, does the reading on the scale changes?Explain your reasoning.(b) Assume that the string breaks and the mass m falls withconstant...
1 answer
A rectangular beam having b=16 in and d=26 in spans 28 ft face to face of...
A rectangular beam having b=16 in and d=26 in spans 28 ft face to face of simple supports. It is reinforced for flexure with 6#11 bars that continue uninterrupted to the ends of the span. It is to carry service dead load 2.0 kips/ft (including self weight) and service live load 3.6 kips/ft, both uni...
1 answer
Required information [The following information applies to the questions displayed below. On January 1, 2021, the...
Required information [The following information applies to the questions displayed below. On January 1, 2021, the general ledger of TNT Fireworks includes the following account balances 17 Accounts Credit Debit Cash $ 5৪,900 25,400 $ 36,500 14,400 157,000 Accounts Receivable 57 warded Allowanc...
1 answer
Marigold Corp. can produce 100 units of a component part with the following costs: Direct Materials...
Marigold Corp. can produce 100 units of a component part with the following costs: Direct Materials $20000 Direct Labor 4500 Variable Overhead 18000 Fixed Overhead 11000 If Marigold Corp. can purchase the component part externally for $47000 and only $4000 of the fixed costs can be avoi...
1 answer
If A and B are two events then P (A and B) = Group of answer...
If A and B are two events then P (A and B) = Group of answer choices P(A | B) / P(B) P(A) x (B) P(B) / P(A | B) P(A | B) x P(B)...
1 answer
Wes fund ฯhet around 32% studerns ,hat were involved with study Compute
wes fund ฯhet around 32% studerns ,hat were involved with study Compute...
1 answer
Phillis Ltd. uses a job order costing system that applies manufacturing overhead to work in process...
Phillis Ltd. uses a job order costing system that applies manufacturing overhead to work in process using a predetermined annual overhead rate. During April 20x6, the company’s transactions included the following: Direct labour costs $153336 Direct materials issued to production ...
1 answer
29. Kela Corporation reported 20D net income of $580,000 including the effects of depreciation expense, $60,000...
29. Kela Corporation reported 20D net income of $580,000 including the effects of depreciation expense, $60,000 and amortization expense on a patent, $5,000. Also, cash of $50,000 was borrowed on a 5-year note payable. Based on this data, total cash inflow from operating activities for 20D was A) $6...
1 answer
What fraction of piperazine (perhydro-1,4-diazine) is in each of its three forms (H2A, HA-, A2−) at...
What fraction of piperazine (perhydro-1,4-diazine) is in each of its three forms (H2A, HA-, A2−) at pH 6.50? The acid dissociation constant values for piperazine are ?a1=4.65×10−6 and ?a2=1.86×10−10....