FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Vaughn Company purchased a new van for floral deliveries on January 1, 2020. The van cost $54000 with an estimated life of 5 years and

image text in transcribed
Vaughn Company purchased a new van for floral deliveries on January 1, 2020. The van cost $54000 with an estimated life of 5 years and $13000 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used. What is the balance of the Accumulated Depreciation account at the end of 2021? $25920 $34560 $8640 $12960

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Software Quality Assurance Internal Audit And IT Audit Integrated Testing Security And Audit

Software Quality Assurance Internal Audit And IT Audit Integrated Testing Security And Audit

Authors: Abu Sayed Mahfuz

1st Edition

0367567970, 978-0367567972

More Books

Students also viewed these Accounting questions

Question

★★★★★
Use the ideal gas equation of state to estimate the molar volume in m3tmol and the density of air in kg/m 3 at 40C and a gauge pressure of 3.0atm.

Answered: 1 week ago

Question

★★★★★
When given, r is the common ratio. a 6 = 243, r = -3

Answered: 1 week ago

Question

★★★★★
In at least half of current first marriages in the United States, the couples had lived together before they were married. True or False

Answered: 1 week ago

Question

★★★★★
Francis Johnsons plant needs to design an efficient assembly line to make a new product. The assembly line needs to produce 15 units per hour, and there is room for only four workstations. The tasks...

Answered: 1 week ago

Question

★★★★★
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 13 years to maturity, and an 11% YTM. What is the bond's price? Round your answer to the nearest cent.

Answered: 1 week ago

Question

★★★★★
The table that follows shows the stock price, earnings per share, and dividends per share for three companies for a recent year: a . Determine the price - earnings ratio and dividend yield for the...

Answered: 1 week ago

Question

★★★★★
For these questions use g = 9.80 m/s. You, with m = 75 kg, have just come down a ski slope and are traveling at 18.0 m/s. You continue to slide on the flat terrain at the bottom of the hill, being...

Answered: 1 week ago

Question

★★★★★
Should a company owner engage in a social coupon discount programme? Would you do so if you owned a business? What is the reason for this or why is it not? How would you make certain that your coupon...

Answered: 1 week ago

Question

★★★★★
We live in the industrial era 4.0. This era is marked by the rapid development of the internet which makes it easy for anyone to access various types of online gambling. What are the basic values in...

Answered: 1 week ago

Question

★★★★★
Innovation and Strategic Posture FOR NETFLIX: The process of innovation include improving products and actions inside and outside of the organization for all stakeholders. Therefore, the management...

Answered: 1 week ago

Question

★★★★★
It was 1989, a beautiful fall day in San Francisco. The World Series was just getting underway in Candlestick Park; and then, the ground began to shake! Across the city, a banquet was just getting...

Answered: 1 week ago

Question

★★★★★
C Does avoiding saying (or printing) the word give it more or less power?

Answered: 1 week ago

Question

★★★★★
A What meaning does the N-word carry for you? Does it seem appropriate to use it in a scholarly discussion? How do you feel about its being printed (or not printed) in this textbook?

Answered: 1 week ago

Question

★★★★★
What are your personal thoughts on sex, gender, and language? Do you think men and women speak different languages, or do you feel that we all speak more similarly than differently? How do your...

Answered: 1 week ago

Previous Question Next Question