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aniked [119]
2 years ago
10

On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. Marino planned to drive the truck for 100,000

miles and then to sell it. The truck was expected to have an $8,000 salvage value. The truck was actually driven 40,000 miles during Year 1, 20,000 miles during Year 2, 35,000 miles during Year 3 and 10,000 miles during Year 4. If Marino uses the units-of-production method, the amount of accumulated depreciation shown on the Year 3 balance sheet is:___.a- $38,000.b- $40,000.c- $24,000.d- $24,000.
Business
1 answer:
Dmitriy789 [7]2 years ago
4 0

Answer:

a- $38,000

Explanation:

Units-of-production method of depreciation is a method in which depreciation is charged based on the output given by the asset in a period.

Truck Purchase price = $48,000

Estimated unit for depreciation = $100,000 miles

Salvage value = $8,000

Total Millage in 3 years = 40,000 + 20,000 + 35,000 = 95,000 miles

Accumulated Depreciation = ( Initial cost - Salvage value) Driven Millage / estimated total Millage

Accumulated Depreciation = ( $48,000 - $8,000 ) 95,000 / 100,000 = $38,000

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The formula is to calculate stock price through dividend discount model is

Share price  = Dividend/(rate of return - dividend growth rate)

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Department 1 completed and transferred out 450 units and had ending work in process inventory of 60 units. The ending inventory
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On January 1, 2021, Jalen Company purchased land costing $800,000. Instead of paying cash at the time of purchase, Jalen plans t
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Answer:Jalen journal $

Date

Jan 1 ,2021

Land Dr. 860,887

Note payable Cr. 860,887

Narration. Issuance of note of above amount payable in four installment for purchase of land.

June 30,2021

Note payable Dr 215,221.64

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6 0
2 years ago
Herschel uses an app on his smartphone to keep track of his daily calories from meals. one day his calories from breakfast were
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<span>Let the number of calories from lunch be called L. As such, breakfast is then L + 128, and dinner is 2L - 400. We can then sum the three meals and equate it to the total caloric intake, the known value of 1932.
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Answer:

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According to the statement, the product X (A) is the one with the highest proportion of standard deviation, that is, it has a more uncertain demand. Taking into account this condition, it is expected that the number of optimal products will be greater because it has an average and critical relationship. For this reason, it is expected that the news seller will lean towards the first product, since it will generate higher income as explained at the beginning.

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