Solution-Production using miles driven as a measure of

Production using miles driven as a measure of output

Reference no: EM13881824

1.On January 1, 2013, the Excel Delivery Company purchased a delivery van for $33,000. At the end of its five year service life, it is estimated that the van will be worth $3,000. During the five year period, the company expects to drive the van 100,000 miles.

Required:
Calculate annual depreciation for the five year life of the van using each of the following methods. Round all computations to the nearest dollar.
1. Straight line.
2. Sum of the years digits.
3. Double declining balance.
4. Units of production using miles driven as a measure of output, and the following actual mileage:
Year Miles
2013 ........ 22,000
2014 ........ 24,000
2015 ........ 15,000
2016 ........ 20,000
2017 ........ 21,000

Reference no: EM13881824

Questions Cloud

Describe the steps taken to resolve the conflict : Describe the steps taken to resolve the conflict or, if it is an ongoing conflict, propose steps to resolve the conflict.

Assignment - analysis of a marketing news story : Assignment: Analysis of a Marketing News Story. Select an appropriate marketing news story which has appeared in 2015/2016. It might be from the business press, such the Financial Times, the Economist, the Wall Street Journal, Business Week,Fortune..

What shape does the yield curve take prior to a recession : The term structure of U. S. Treasury interest rates generally exhibits certain shapes during different stages of the business cycle. Discuss this relationship and explain why it holds, on average. What shape does the yield curve take prior to a reces..

Are the estimated coef?cients individually signi?cant : How would you compute the elasticity of wages and salaries per em- ployee with respect to the unemployment rate U?

Production using miles driven as a measure of output : 1.On January 1, 2013, the Excel Delivery Company purchased a delivery van for $33,000. At the end of its five year service life, it is estimated that the van will be worth $3,000.

Differences between poker and non-poker playing gamblers : You will need to summarize and comment on the two given articles from each researcher - Differences between Poker Players and Non-Poker Playing Gamblers

Who are the smes? what is it they are experts about? : Who are the SMEs? What is it they are experts about? What organization do they work for?

Plot the pw versus i graph and estimate the rate of return : Plot the PW versus i graph and estimate the rate of return for this franchise. Use the IRR function on a spreadsheet to find the corresponding return.

Explain why going through the writing process : Explain why going through the writing process steps improves thequality of writing. What did you find most difficult about the writing process?

User Account

All Pages

Production using miles driven as a measure of output

Reference no: EM13881824

Reference no: EM13881824

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

Direct labor standards at cepeda manufacturing corporation

What are some of the ways in which the

Value of preparing a contribution income statement

Given the following information determine the cost of goods

Production overheads are absorbedinto production units by

Degelman company uses a job order cost system and applies

Georgie is a us citizen who is employed by hawk enterprises

Are there companys with executive pay excessive pay yes or

Issuance of bonds and payment of interest

On august 31 jenks co partially refunded 180000 of its

Corporation began operations on january 1 2007 during its

A corporation issues fro cash 1000000 of 10 20-year bonds

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT