On January 1, 2018, the Excel Delivery Company purchased a
delivery van for $57,000. At the end of its five-year service life,
it is estimated that the van will be worth $5,400. During the
five-year period, the company expects to drive the van 172,000
miles.
Required:
Calculate annual depreciation for the five-year life of the van
using each of the following methods.
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:
In: Accounting
Depreciation Methods
A delivery truck costing $19,000 is expected to have a $1,500 salvage value at the end of its useful life of four years or 125,000 miles. Assume that the truck was purchased on January 2. Calculate the depreciation expense for the second year using each of the following depreciation methods: (a) straight-line, (b) double-declining balance, and (c) units-of-production. (Assume that the truck was driven 28,000 miles in the second year.) Round all answers to the nearest dollar.
| a. Straight-line | $Answer |
| b. Double-declining balance | $Answer |
| c. Units-of-production | $Answer |
In: Accounting
The accompanying data represent the miles per gallon of a random sample of cars with a three-cylinder, 1.0 liter engine.
|
(a) |
Compute the z-score corresponding to the individual who
obtained
39.839.8 miles per gallon. Interpret this result. |
|
(b) |
Determine the quartiles. |
|
(c) |
Compute and interpret the interquartile range, IQR. |
|
(d) |
Determine the lower and upper fences. Are there any outliers? |
32.4
34.1
34.5
35.7
36.1
36.3
37.5
37.7
37.9
38.1
38.3
38.5
38.7
39.1
39.5
39.8
39.9
40.6
41.3
41.6
42.3
42.7
43.8
49.0
In: Math
The accompanying data represent the miles per gallon of a random sample of cars with a three-cylinder, 1.0 liter engine. (a) Compute the z-score corresponding to the individual who obtained 32.7 miles per gallon. Interpret this result. (b) Determine the quartiles. (c) Compute and interpret the interquartile range, IQR. (d) Determine the lower and upper fences. Are there any outliers?
|
32.7 |
35.9 |
38.0 |
38.7 |
40.2 |
42.2 |
|
|
34.4 |
36.2 |
38.1 |
38.9 |
40.7 |
42.7 |
|
|
34.6 |
37.5 |
38.2 |
39.5 |
41.5 |
43.6 |
|
|
35.2 |
37.8 |
38.5 |
39.8 |
41.6 |
48.9 |
In: Math
In: Civil Engineering
Car and Truck Expense. (Obj. 3)Keith is self-employed. During 2018, he drove his car a total of 9,169 miles for work. He drove a total of 21,468 miles during the year. His car expenses for the year were as follows.
Business parking and tolls 360
Depreciation 1475
Gas 2557
Insurance 940
License tags 50
Repairs and maintenance 52
5434
a. Compute Keith’s car expense deduction using the standard mileage rate.
b. Compute Keith’s car expense deduction using the actual cost method.
In: Accounting
Your small remodeling business has two work vehicles. One is a small passenger car used for job-site visits and for other general business purposes. The other is a heavy truck used to haul equipment. The car gets 25 miles per gallon (mpg). The truck gets 10 mpg. You want to improve gas mileage to save money, and you have enough money to upgrade one vehicle. The upgrade cost will be the same for both vehicles. An upgraded car will get 40 mpg; an upgraded truck will get 12.5 mpg. The cost of gasoline is $3.35 per gallon.
Calculate the annual fuel savings, in gallons, for the truck and car assuming both vehicles are driven 8,500 miles per year. (Round your answers to 2 decimal places, e.g., 32.16.)
Assuming an upgrade is a good idea in the first place, which one should you upgrade? Both vehicles are driven 8,500 miles per year. Truck or Car
In: Finance
1- How far you can go in a car in 1 1/2 hours if you are travelling at 60 miles per hour?
2- How much acetic acid, CH3COOH(MWou 60.06 G/MOL) should you weight out to obrain 1.5 mol of CH3COOH?
3- IF a tavle of Tylenol contains 400.0 mg of acetaminophen and the recommended dosage of pain reliever is 2 tables for every 300 minutes . how kilograms can be safely taken in a day?
4- you are in a boat that uses four gallon of gas per hour,travels at six miles per hpur and has ten gallon of gas. Can you make it across the lake to the other shore which is 14 miles away?
5- You can making lunch for 12 people.You plane to give each a " quarter pound" cheeseburger ( 4 burgers per pound of hamburger) a bag of chips and a can of coke.How many packs of buns ,pounds of hamburger and pounds of cheese do you need ?
In: Chemistry
Storm Delivery Company purchased a new delivery truck for $53,400 on April 1, 2016. The truck is expected to have a service life of 5 years or 150,000 miles and a residual value of $4,320. The truck was driven 8,200 miles in 2016 and 11,800 miles in 2017. Storm computes depreciation to the nearest whole month.
Required:
| 2016 | $ |
| 2017 | $ |
| 2016 | $ |
| 2017 | $ |
| 2016 | $ |
| 2017 | $ |
| 2016 | $ |
| 2017 | $ |
| 2016 | $ |
| 2017 | $ |
| 2016 | $ |
| 2017 | $ |
| 2016 | $ |
| 2017 | $ |
| 2016 | $ |
| 2017 | $ |
In: Accounting
1. A certain town has 9,000 families.Population average mileage driven per family is 15,000 miles per year and the population SD is 2,000 miles per year. Fifteen percent of these families have no cars at all. As part of an opinion survey, a simple random sample of 900 families (from this town) is chosen. What is the chance that sample average mileage driven per family is between 14,950 and 15,100 miles per year? Use the normal approximation method with continuity correction.
2. Somebody picks one ticket at random from a normal population (sample size is equal to 1). The ticket shows a “2”, i.e. the sample average is “2”. Assuming that the SD of the box is 3, determine the 95% confidence interval for the average of the box. (Remark: You should be able to construct a z or t confidence interval.)
3. Determine a 99% confidence interval for the population average of a normal distribution, given a random sample of size 12 with sample average = 2 and sample SD = 3.
In: Statistics and Probability