haileeattaway
25.12.2020 •
Business
On January 1, 2019, Wasson Company purchased a delivery vehicle costing $45,200. The vehicle has an estimated 7-year life and a $3,900 residual value. What is the vehicle's book value as of December 31, 2020, assuming Wasson uses the straight-line depreciation method
Solved
Show answers
More tips
- W Work and Career Secrets of a Super Supervisor: Proper Team Management...
- P Photography and Videography Understanding HDR: How It Works and Why You Need It...
- G Goods and services Which TV is better - LCD or Plasma?...
- S Sport How to Learn to Pull Up on Monkey Bars?...
- L Leisure and Entertainment Scrapbooking: What is it and Why is it Becoming More Popular?...
- C Computers and Internet Where did torrents.ru move to?...
- B Business and Finance Understanding Cash Flow: What It Is and How It Works...
- C Computers and Internet What Are Peers and Seeds in Torrenting?...
- H Health and Medicine 10 Simple Techniques on How to Boost Your Mood...
- G Goods and services How to Choose the Right High Chair for Your Baby?...
Answers on questions: Business
- B Business Aresearcher conducts a survey of people who use anxiety medications, recruited through an advertisement in the local paper. the researcher promises confidentiality, but accidentally...
- B Business What agency is responsible for licensing pets and ensuring that they are vaccinated for rabies?...
- B Business What motivates most entrepreneurs to go into business?...
- B Business Economic bads are items a. that individuals desire but which receive social disapproval. b. that receive social approval but which governments dislike. c. for which the produced...
- B Business Which school is the best out of all of them? a. austin peay b. ut martin c. maryville college d. millshaps college e. lipscomb university...
- B Business Raul pays 150 for an airline ticket dionne pays $300 ticket on the same fight this is an example of...
- M Mathematics Acube has a surface area of 900 cm what is the number of cubic cm in the volume of the cube...
- S Social Studies According to the text, what is the most extreme form of socialism called?...
- S Social Studies Are george and hazel s response to the government similar or different from harrison s responses?...
- S Social Studies According to erikson, the first stage of a child s psychosocial development is the stage....
Ответ:
$33,400
Explanation:
The annual depreciation using the straight-line method is;
= (Cost - Residual value) / Useful life
= (45,200 - 3,900) / 7
= $5,900
On December 31, 2020, the vehicle would have depreciated by 2 years so the book value would be;
= Cost - Accumulated depreciation
= 45,200 - (5,900 + 5,900)
= $33,400
Ответ: