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

Answers

Answer 1

Answer: $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


Related Questions

Q. Keeping in mind the rural area to be targeted, being a marketing manager of xyz Co. Which proactive marketing would you use to serve the target audience? Justify

Answers

Answer: Use of Radio, Television, Billboards, magazine and newspaper

Explanation:

Proactive marketing marketing or advertising is advertising in areas or location that your product or service in the places where people are not already looking or asking. Example of proactive marketing strategies to use are Television, magazine, radio commercials, billboards. Radio, Television and billboards will travel faster, because they can see the billboards and Television, also majority use radio

Which tax is specifically charged on real estate?
Kimberly wants to sell her house. However, the buyer is unwilling to buy the house, saying that the _____ tax levied on the house is taking the price of the house over his budget.

Answers

Answer:

Property tax assessment

Explanation:

Under construction propertiesare taxed at 12%

From my according

I need 5 skills needed to do this

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What program would be likely to help a person prepare for teacher certification?
O a master's degree in Psychology
O a bachelor's degree in Education
O a one-year technical school certificate
O an associate degree from a community college

Answers

Answer: The answer is a bachelor’s degree in Education.

Explanation:

To help a person prepare for teacher certification is likely program is a bachelor's degree in Education.

A Bachelor of Education (B. Ed.) is a professional undergraduate degree that qualifies graduates to work as teachers in educational institutions.

In other nations, like Tanzania and Kenya, the student must do additional activities like fieldwork and research in order to be completely qualified to teach.

Tests for the licenses or certificates necessary for instructors in some places may also be administered concurrently with or after it.

Therefore, the correct option is "a bachelor's degree in Education".

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https://brainly.com/question/14197325

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explain the relationship among job, employment and education with examples​

Answers

Answer:

If you go to school it help you learn things for life when your out for the real world where you have to get you a job.

Explanation:

what is business and what is occupation​

Answers

Answer:

Business:

A person's regular occupation, profession, or trade.

Occupation:

A job or profession.

Explanation:

I looked them up in a dictionary.

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In which situation would a person pay a higher property tax than he or she did the year before?
A. The value of the person's home increased.
B. The number of dependents the person had increased.
C. The salary the person earned increased
D. The amount the person spent on electronics increased.

Answers

The answer is A the value of a persons home increased.

A person would pay a higher property tax than he or she did the year before when A. the value of the person's home increased.

What is property tax?

Property tax is an ad valorem tax levied on real estate, such as a building or a residential home, that is owned by an individual or another legal body, such as a corporation.

It is an ad valorem tax because it is based on the assessed value of the property.

As a result, the higher the value of a property compared to the year before, the higher the property tax.

Therefore, a person would pay a higher property tax than he or she did the year before when the value of the person's home increased.

Learn more about property tax here: https://brainly.com/question/11544476.

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