planters corp. has an account that was written off in April. in the following month, planters believe that the amount would be collected from the customer in full. the entry to reinstate the account would require a debit to the Receivables account - Credit to Uncollectible Account Allowance.
How are uncollectible accounts determined?By summing together all transactions involving accounts receivable, determine the total credit sales. To calculate the bad debt expenditure, consult the final income statement from the prior year. The total amount of receivables written off as uncollectible is shown below. Subtract the total credit sales from the total bad debt expenditure.
What does Afda having a debit balance mean?A debit balance typically represents accounts receivable. This occurs because bad debts or debts that are unlikely to be collected have already been taken into account in the counter-asset account. The accounts receivable are simply reduced by such bad debts. A credit balance on an asset account is uncommon.
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on december 31, 2024, the end of larry's used cars' first year of operations, the accounts receivable was $53,000. the company estimates that $2,100 of the year-end receivables will not be collected. net accounts receivable in the 2024 balance sheet will be valued at:
Net accounts receivable in the 2024 balance sheet will be valued at $50,900 while the amount of $2,100 of the year-end receivables will not be collected.
given data,
accounts receivable = $53,000
company estimates = $2,100
Estimated amount of uncollectible receivables is a sign of bad receivables.
In most cases, such amount receivables are eliminated from the books by crediting account receivables and debiting bad debit expense.
The entries would be a credit to allowance for bad debt and a debit to bad debt if it is just conceivable that the receivables may not be collected.
Because of this, the debt won't be paid back.
we get here accounts Receivable that is express as
accounts Receivable = accounts receivable - company estimates
accounts Receivable = $53,000 - $2,100
accounts Receivable = $50,900
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dev's group has successfully accomplished its task of writing a new policy for the quality assurance team and is preparing to dissolve. which life cycle stage is this group currently in? a.) storming b.) performing c.) norming d.) adjourning
Writing a new policy for the quality assurance team was a task Dev's group was tasked with, and they are now getting ready to disband. This group is currently in the Adjourning life cycle stage.
What is the Stage of Adjournment?In this last phase of group development, participants get ready to part ways. To achieve closure and come to a successful conclusion are the primary objectives of the adjourning stage. Group members require time to consider their personal contributions and development.
The meeting is winding down with most of the team's goals accomplished. The emphasis is on completing last-minute tasks and documenting the labor and results. As the workload diminishes, specific team members might be moved to other teams, which would result in the team's dissolution.
What does it mean to adjourn?The assembly's business is finished at the adjourned meeting. An item of business may be tabled until the meeting that follows the adjourned one. The meeting that was adjourned had to be scheduled before the assembly's subsequent regular meeting.
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which section of the uniform commercial code defines course of performance as the history of dealings between the parties in the particular contract at issue?
UCC 1-303 (B) section of the uniform commercial code defines the course of performance as the history of dealings between the parties in the particular contract at issue.
A Uniform commercial code is a uniform state law adopted for all commercial transactions in the United States. Uniform commercial code ensures that the terms in business and finances will be treated uniformly in all the courts of the US. This eases the firms to enter into business contracts and relations as the contract will be treated uniformly across the US.
The course of performance refers to a sequence of conduct during transactions between the parties. The course of dealing refers to the old transactions that have taken place between the parties and established an understanding between the parties.
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a problem is listed below. identify its type. jose received $400 for his birthday from his family. he wishes to buy a motorcycle and decides to use his birthday money towards it. he'd like to have a bigger down payment so he invests his money in a saving account that pays 7% per year compounded quarterly. if jose purchases the motorcycle in 2 years, how much will he have available towards the down payment for his motorcycle? a) future value with simple interest b) effective rate c) simple interest d) future value with compound interest e) present value with compound interest f) none of the above.
For the down payment for his motorcycle, he will have $458.47 available.
Describe the down payment.
A down payment for a house is the cash up front provided by the buyer in real estate deals and other big acquisitions. For a property being used as a primary residence, down payments, which are typically a percentage of the purchase price, can range from as little as 3% to as much as 20%.
Calculation:
P = 400, t = 2, r = 0.07
Compounded quarterly, so n = 12/4 = 3.
We have to find A.
[tex]A=P(1+\frac{r}{n} )^{nt}[/tex]
[tex]A=400(1+\frac{0.07}{3} )^{3*2} \\A=400(1.023)^{6} \\A=458.47[/tex]
He will have $276.10 ready for his motorcycle's down payment.
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Money neutrality suggests that an increase in the money supply leads to _____ in price level and inflation and _____ in real gdp.
Money neutrality suggests that an increase in the money supply leads to an increase in price level and inflation and no change in real GDP.
In the field of business, money neutrality is a theory that describes that although an increase in revenue can lead to an increase in price level but it does not have any real effect on the GDP.
In other words, money neutrality describes that an increase in monetary value does not affect the economic equilibrium that is required for enhancing the GDP of the country.
Factors like GPD or employment etc remain unaffected by the increase in money according to the money neutrality theory in business.
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boland manufacturing prepared a 2019 budget for 120,000 units of product. actual production in 2019 was 130,000 units. to be most useful, what amounts should a performance report for this company compare?
The amounts a performance report for Boland manufacturing company should compare the actual results for 130,000 units with a new budget for 130,000 units.
What does a performance report contain?A performance report discusses the results of a task or a person's efforts. The report may include a comparison of actual results to a plan or benchmark as well as the difference between the two numbers. When there is an adverse variation in a performance report, the recipient is expected to take action.
A properly-written performance report can help in the entire decision-making process and measure the performance of your company as well as identify any areas that need to be improved. A corporation develops a performance report to describe and assess its overall success. It gives a general picture of how the company is doing.
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q1) what is the total percentage return for an investor who purchased a stock for $8.06, received $1.46 in dividend payments, and sold the stock for $9.28? (2 points)
(End price-Beginning price + Dividends)/Beginning price = (8.57-8.06+2.76)/8.06 = 40.57% (approximately).
A company pays dividends to its stockholders to distribute profits.They get paid regularly and are one way investors get a return on their stock investments.
What are examples of dividends?
The majority of dividends paid to investors in the United States are cash dividends, which are paid in cash per share.For instance, an investor holding 100 shares would receive $20 in cash if the company paid a dividend of 20 cents per share.Dividends on stocks represent an increase in the number of shares owned by a percentage.
You only need to own shares in the company through a brokerage account or a retirement plan like an IRA to receive dividends on that stock. Cash will be deposited into your account automatically when dividends are paid.
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involves developing and performing marketing activities across national boundaries. a. world marketing b. globalized marketing c. international marketing d. customized marketing e. regional marketing
International marketing involves developing and performing marketing activities across national boundaries
What do you mean by international marketing?International marketing is the marketing of products or services outside of your brand's domestic audience. Think of it as a kind of international trade. By expanding into foreign territories, brands can increase brand awareness, grow their global audience and, of course, grow their business.
Why is international marketing important?International marketing enables social and cultural exchange between different countries of the world. With merchandise, current trends and fashions in one country transfer to another, thus developing cultural ties between countries. Thus, cultural integration takes place on a global scale.
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What are the main advantages of the Free market system in relation to Economic Goals
and Societal Values?
Answer:
Advantages of this market system include efficient resource allocation, competition, innovation, and product variety. Sellers in a free market have a right to adjust prices to match the demand for their products. Further, consumers are allowed to decide where they will spend their money
why would the consumption function (if extended) intersect the spending axis at a positive value? what does this mean? is it realistic?
The consumption function (if extended) intersect the spending axis at a positive value means it is increasing .
What is consumption function?
The link between total consumption and gross national income may be modeled using an economic formula called the consumption function, sometimes known as the Keynesian consumption function. The function was first proposed by British economist John Maynard Keynes, who claimed it could be used to monitor and foresee total aggregate consumer spending.
According to the traditional consumption function, income and changes in income are the only factors that affect consumer spending. If this is the case, aggregate savings should rise proportionately to the GDP's long-term growth. The objective is to establish a mathematical connection between consumer spending and disposable income, but only on an overall scale.
The stability of the consumption function, which is partly based on Keynes' Psychological Law of Consumption, is particularly noteworthy in light of the volatility of investment.
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the market equilibrium is found at the: question 21 options: a) price where quantity supplied exceeds quantity demanded. b) price where quantity demanded equals quantity supplied. c) price where quantity demanded exceeds quantity supplied. d) highest price the market will bear.
The market equilibrium is found at the price where quantity supplied exceeds quantity demanded. Market pricing is the outcome of the relationship between supply and demand.
The forces of supply and demand are balanced at an equilibrium price. Prices tend to stabilise at this level unless specific supply or demand characteristics change. It is essential to comprehend the product's market equilibrium price when running a business. Controlling supply and demand is essential for reducing costs and increasing revenues. Market equilibrium frequently happens naturally. The supply and demand of a good are, in theory, balanced in a free market, leading to constant prices.
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cindy and ashley recently opened a local candy store. they considered the entire market of candy eaters as their market. which targeting strategy did they use in choosing a target market for their store?
Undifferentiated approach is the strategy utilize a targeting approach when deciding on a target market for their store.
What is undifferentiated approach:
If segmentation does not produce any substantial or considerably distinct groups, a company may choose to use mass marketing, sometimes referred to as undifferentiated marketing. Here, it is best to concentrate on similarities rather than differences.
Future Learn explains that homogeneous marketing views all consumers as homogeneous groups. Mass marketing is another name for undifferentiated marketing. Undifferentiated marketing aims to target all potential customers with a single marketing approach rather than creating various marketing methods or even products for various groups within society.
A corporation may choose an undifferentiated strategy versus a more specialized, segmented differentiated strategy for a number of various reasons. It can be difficult to discern separate client segments at times, making it simpler to use bigger strokes of paint. When recognized segments are changing, an undifferentiated approach might also be appropriate.
Putting together numerous advertising campaigns to target many various demographics on a personalised level requires money, work, research, and time. However, a homogeneous approach's broad scope results in one campaign that works for everybody, which could result in significant cost savings.
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an adjustable rate mortgage with a start rate of 3.5%, an index of the 11th district cofi, a margin of 1.5%, and periodic and lifetime caps of 1/5 with semi-annual adjustments, would have a maximum interest rate of what at the end of the fourth loan year if 11th district cofi is 7.5% at that time?
9.0% is correct because the rate of interest will be lower than 10.45 %, and 9%
1/5 or .2 semi-annual increase
Semi-Annual Period Semi-Annual Increase Int. rate
1 0 5.00
2 0.2 6.00
3 0.2 7.20
4 0.2 8.64
5 0.2 10.37
6 0.2 12.44
7 0.2 14.93
or 7.5+1.5 9.00
In finance and economics, interest is charged from a borrower or deposit-taking monetary group to a lender or depositor of a quantity above reimbursement of the predominant sum (this is, the amount borrowed), at a selected charge.[1] it is distinct from a fee that the borrower may also pay the lender or some 1/3 birthday party. It is also wonderful from a dividend that is paid by using a company to its shareholders (owners) from its earnings or reserve, but no longer at a selected charge decided ahead, rather on a pro-rata foundation as a share inside the reward received by danger taking marketers while the revenue earned exceeds the full charges.
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How does surfing the internet during business hours negatively effect the workplace?.
It can reveal confidential information and infect other systems with malware.
Many workers do squander a lot of time online. According to several studies, employees squander 1-2 hours every day online. These lost hours can hurt a company's bottom line since lost time equals lost money. One research revealed that office distractions and poorly designed technology may cost organizations $10,000 per person annually, to put a finer point on the problem. These kinds of financial losses provide strong justification for prohibiting recreational internet use in your workplace culture.
Implementing a web filtering application to prevent leisure websites is one technique to increase office productivity.
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barry company sells a patent for 25000 the patent had an acquistion cost of 120000 and accumulated amortization of 100000 at the time of the sale what was the amount of gain or loss recognized on the disposal of the patent
Acquisition Cost = 120,000 Selling Price = 25000
Amortization accumulated = 100,000
Value of the patent at the time of sale
= 120,000 - 100,000
= 20,000
Therefore, Gain or loss recognized on the time of disposal = 25000 - 20000
= 5000
Hence, Gain of 5000 recognized on the time of disposal.
Patent Amortization is the process through which corporate bodies allocate the value of patents (intangible assets) over a period of time.
Intangible Assets like patents and trademarks are written off into an expense account called Amortization, just as tangible assets are through depreciation.
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coffee vendors who operate small, drive-up coffee stands find it difficult to charge significantly higher prices than their many competitors do. what aspect of the coffee stand business makes raising prices difficult?
coffee vendors who operate small, drive-up coffee stands find it difficult to charge significantly higher prices than their many competitors do. its low barriers to entry for the coffee stand business making raising prices difficult
Barriers to entry are variables that prevent a startup from entering a specific market. As an entirety, they contain one of the five forces that decide the concentration of competition in an industry, such as industry rivalry, the bargaining control of buyers, the bargaining control of providers, and the threat of substitutes. The intensity of competition in a certain field decides the allure of a market, low intensity implies that the market is attractive. Factors included as obstructions to entry may be either innocent or deliberate.
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bizonline uses an electronic agent, or e-agent, to perform certain tasks in e-commerce. with respect to the e-agent's actions, bizonline is bound by
Bizonline uses an electronic agent, or e-agent, to perform certain tasks in e-commerce. with respect to the e-agent's actions, bizonline is bound by al of their actions.
The phrase "electronic agent" refers to a computer program as well as other automated systems that are utilized on its own to carry out an action or react to an electronic record or performance in its entirety or in part without being reviewed or controlled by a human being at the time.
Consider giving agents some level of legal individuality or, at the opposite extreme, treating them as nothing more than communication tools as some of the several doctrinal alternatives that might be appropriate. Another alternative is whether integrated smart agents should be regarded as agents underneath the law of agency.
It is suggested that the objective theory of consent applies to the utilization of electronic agents in contracting after a comparison of the subjective and objective theories of consent.
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Suppose the government places a per-unit tax on a good. The smaller the price elasticities of demand and supply for the good, the.
Suppose the government places a per-unit tax on a good. The smaller the price elasticities of demand and supply for goods, the smaller the deadweight loss from the tax.
The term deadweight loss of taxation, caused by the imposition of a new tax is referred to as deadweight loss of taxation. This results from a new tax that is higher than the amount normally paid to the government's taxing authority.
Deadweight loss is calculated as follows: deadweight loss = (new price - old price) x (original quantity - new quantity) / 2.
A per unit tax, also known as a specific tax, is one that imposes a fixed amount on each unit of a good or service sold, such as cents per kilogram. Thus, regardless of price, it is proportional to the specific quantity of a product sold. Excise taxes, for example, fall under this category.
The study of how buyers and sellers interact to determine transaction prices and quantities is known as demand and supply analysis. As we will see, prices reflect both the value to the buyer of the next (or marginal) unit and the cost to the seller of that unit at the same time.
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as a result of advances in productivity, farmers can produce more at a lower cost. the effect of these changes has been to:
The effect of the changes where farmers can produce more at a lower cost is to reduce total revenue for farmers as a group.
With the growth in technology, the agricultural field has also been revolutionized with methodologies that make the production of products easier for a farmer than it was before.
Productivity on agricultural lands can now be increased and the methodologies implemented are cost-effective.
These technologies were implemented in order for farmers to make more of their crops or products at a lower cost. Hence, the total spending revenue of the farmers will be reduced.
Although a part of your question is missing, you might be referring to this question:
As a result of advances in productivity, farmers can produce more at a lower cost. The effect of these changes has been to:
-reduce total revenue for farmers as a group.
-make lives of farmers harder
- to introduce GMO plants
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the details of weekly output and input for a fabrication process are as follows: output is 600 units, with a standard selling price of $50 per unit. for the week, total labor costs are: 8 workers at 40 hours for the week, are paid $20 per hour. total material costs for the 600 units are $8,000. weekly overhead is charged at the rate of 1.3 times the labor costs. what is the multifactor productivity for the week? group of answer choices 2.00
The multifactor productivity is 1.32 for the week
By comparing the quantity of goods and services produced (output) with the quantity of inputs required to produce those goods and services, productivity is a measure of economic performance.
Total output = 600 units
Selling price per unit = $50
Total output in dollars = 600*50 = $30000
labour cost for 8 workers at 40 hours for the week = $20 per hour
Total labour cost = 8*40*20 = $6400
Total material cost for 600 units = $8000
Overhead cost = 1.3*6400 = $8320
Multifactor productivity = Total output/(Total labour cost + Total material cost + Overhead cost)
= 30000/(6400 + 8000 + 8320)
= 30000/22720
= 1.32
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cost drivers are a. activities that cause costs to increase as the activity increases. b. accounting techniques used to control costs. c. accounting measurements used to evaluate whether or not performance is proceeding according to plan. d. a mechanical basis, such as machine hours, computer time, size of equipment, or square footage of factory, used to assign costs to activities.
Cost drivers are Activities that cause costs to increase as the activity increases.
What are Cost drivers?A cost driver is the immediate reason for a cost and has an impact on the overall cost incurred. For instance, if you need to figure out how much electricity was used during a specific time period, the number of units consumed determines the total electricity bill.
Any action that causes the cost of another thing to increase is a cost driver. An illustration of this might be how the cost of your water bill is based on how much water your office uses each month. The cost is represented by the water bill, while the cost drivers are the water units.
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what type of change involves the implementation of a different business or cultural path for an organization?
Organizational change involves the implementation of a different business or cultural path for an organization.
Why is it vital for organizations to change?Organizational change is the process through which a firm or business changes a key aspect of its structure, such as its culture, the operational infrastructure or supporting technologies, or its internal procedures. Many beneficial effects of change in an organization help you maintain your competitive advantage and remain relevant in your industry.
Project capabilities, customers, leadership, competitiveness, culture, teamwork, and change preparedness are just a few of the organizational aspects that might affect business transformation initiatives. They range from the need to increase quality, productivity, or profitability to disruptive technologies and shifting market conditions.
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any corporate distributions that exceed earnings and profits are always taxable as capital gains. a. true. b. false.
The statement is False because distributions made by corporations in excess of earnings and profits are not usually subject to capital gains tax.
So, the correct option is B.
Capital gains are profits from the sale of a capital asset, such as stock, a company, a piece of land, or an artwork. Normally speaking, capital gains are taxed at a lower rate even though they are generally included in taxable income. To the extent that it represents a dividend, a distribution from a corporation is counted as part of the taxpayer's gross income. A distribution from the corporation that is distributing the money is said to be a taxable dividend.
The excess of a non-dividend distribution over the stock basis is taxed as a capital gain on the shareholder's personal tax return. If the shares of an S corporation have been held for more than a year, it is a long-term capital gain (LTCG).
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which of the following is the best example of the product development stage? a delivering multiple versions of different phones to influencers for beta testing. b ranking the concept of high-quality camera versus other potential differentiators. c research revealing that customers are limited by existing smartphone cameras. d breaking down the feasibility of such a system based on the cost of development. e the engineering of the quad-camera feature.
The engineering of the quad-camera feature is the best example of the product development stage.
Simply put, a quad-camera setup refers to a mobile phone's rear four cameras (each with four lenses). A quad-cam setup includes a main camera lens, a telephoto lens, an ultra wide angle lens, and a depth sensor. These are all made with the goal of improving photography capabilities. Having four cameras on a mobile device primarily enables you to take better pictures with a deeper depth of field. It can also deliver faster focusing, greater detail capture, a bokeh effect akin to DSLRs, and monochrome images. A quadruple-lens camera that focuses exclusively on wide-angle photography will not be the best choice if you need a little extra zoom, as opposed to a triple-lens camera that also has a telephoto lens. The number of lenses on your phone ultimately doesn't matter.
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without knowing what happened later: if you were going to invest in the boston beer company ipo, what information would you use to figure out how much your max price per share would be? (3-4 sentences)
You would analyze the Boston Beer Company's financial statements to determine your maximum price per share. Potential investors can clearly understand a company's overall financial health from financial statements.
Give a brief account of financial statements.Financial statements, usually referred to as financial reports, are official records of the financial operations and status of an individual, company, or other institution. An easy-to-understand format is used to provide pertinent financial data in a systematic manner. They typically contain a management discussion and analysis and four fundamental financial statements:
A balance sheet, also known as a statement of financial position, details the assets, liabilities, and owner equity of a business at a specific point in time.An income statement, sometimes referred to as a profit and loss report (P&L report), statement of comprehensive income, or statement of revenue & expense, lists the revenue, expenses, and profits of a company. A statement of retained earnings, a statement of equity, or a statement of changes in equity provides information on the company's equity changes during a certain time period.A cash flow statement provides information on a company's investing, operating and financing operations as well as its cash flow for a specific time period.Other comprehensive income components that are not taken into account when calculating net income are included in a comprehensive income statement.To know more about, financial statements, visit :
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what is the price of a u.s. treasury bill with 68 days to maturity quoted at a discount yield of 2.10 percent? assume a $1 million face value.
The price of US treasury bill is $995,737.5.
The Price is the number of money. The bond equivalent yield equation is determined by dividing the difference between the face value of the bond and the purchase price of the bond, by the price of the bond.
From the scenario we know that
Face value = $1,000,000
Discount yield = 2.10 or 0.021
Time = 68 days
To calculate about the BEY we should find the price of the bond use this formula:
Discount yield = [ (FV - P)/P ] x (360/d)
0.021 =[ (1,000,000 -P)/P ] x 360/68
0.021P = (1,000,000 -P ) 5.2941
0.021P + 5.294P = 5,294,100
5.3151P = 5,294,117.65
P = $995,737.5
The price is $996,052.313
Thus, plug in the numbers in the bond equivalent yield (BEY) formula;
BEY = (Face Value - Purchase Price)/Purchase Price x 365/day
BEY = [ (1,000,000 - 996,052.313)/$ 996,052.313] x 365/68
BEY = (188,143.215 / $ 996,052.313) x 5.2941
BEY = 0.1889 x 5.2941
BEY = 0,97
If we convert the amount of BEY to percent it will be 97%.
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if a central bank decides it needs to decrease both the money supply and the aggregate demand, then it will:
If a central bank decides that it needs to reduce both aggregate demand and the money supply, it will implement a tight monetary policy.
What happens if the central bank reduces the money supply?
If the Fed wants to reduce the money supply, it sells bonds from its account, bringing in cash and removing money from the economy. The federal funds rate adjustment is a highly anticipated economic event.
The central bank uses contractionary monetary policy to reduce the supply of money and credit in the economy, which raises interest rates, discourages borrowing for investment and consumption, and shifts aggregate demand to the left.
Therefore, A contractionary monetary policy is implemented when a central bank reduces the money supply while increasing interest rates.
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is it true that a company in a perfect competition industry will have a perfectly elastic demand and supply?
The right response is Valid In a completely cutthroat market, merchandise are for the most part thought to be an ideal substitute for individual ventures and firms.
Every time, the demand curve is perfectly elastic. The companies raise the product's cost; As a result, there will be less overall demand.
In perfect competition, is supply perfectly elastic?The demand curve is perfectly elastic for each of the small, independent businesses that participate in a perfectly competitive market, and all goods are regarded as perfect substitutes. These businesses are price takers because there would be no demand for one company's product if it tried to raise its price.
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martin, the ceo of a struggling company, has gathered his employees to deliver the unhappy news that the company has filed for bankruptcy and everyone is being let go. he doesn't want his employees to feel sad, so as he gives his speech, he makes sure to smile widely and make eye contact with everyone. how effective is martin's use of nonverbal communication? a.) effective, because his facial expression is reinforcing his message. b.) ineffective, because his smile may confuse or irritate his audience, since it conflicts with his message. c.) ineffective, because it would be better for him to use a variety of facial expressions. d.) effective, because his smile reflects how he wants his audience to feel.
The non-verbal communication is b.) Ineffective, because his smile may confuse or irritate his audience since it conflicts with his message.
Because much of our nonverbal communication is unconscious, we tend to believe that nonverbal communication is more credible than verbal communication. Nonverbal communication is the exchange of information through body language, such as gestures, eye contact, and facial emotions. Martin has assembled his team in the scenario provided to break the bad news that the business has declared bankruptcy and everyone will be laid off.
Although he gives his speech and doesn't want his employees to feel sad, he shouldn't grin broadly or make eye contact with everyone because this won't show that he is unhappy about the endeavor closing and missing out on so many people. His smile may confuse or annoy his listeners because it contradicts his message, making his nonverbal communication ineffective.
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cardinal industries purchased a generator that cost $11,000. it has an estimated life of five years and a residual value of $1,000. it is estimated that it will be good for 5,000 hours. compute the depreciation expense for the first year using the units-of-activity method of depreciation assuming the generator was used for 1,040 hours. a.$2,288 b.$208 c.$2,080 d.$2,000
Depreciation spreads an asset's cost across its lifetime, keeping track of depreciation expenses is crucial for reporting purposes. Depreciation cost is $2080
Calculate depreciation expense?Given: A generator costs $1000
Remaining value is $1000.
Generator life expectancy is 5000 hours.
1040 hours were actually spent working within the time period.
Using the units-of-activity method, find the depreciation expense for the first year.
Formula;
Depreciation expense
=(cost - residual value)/total estimated life activity *actual activity per formed
Depreciation cost =11000-1000/5000*1040
first parenthesis
Depreciation costs =10000/5000*1040
Depreciation costs =2*1040
= 2080
As a result, $2080 in depreciation costs are incurred for the first year using the units-of-activity technique.
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