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NEW QUESTION: 1
Patterson Company has the following information of one of its vehicles purchased on January 1, 1992:
Vehicle cost $50,000
Useful life, years, estimated 5
Useful life, miles, estimated 100,000
Salvage value, estimated $10,000
Actual miles driven:
1992 30,000
1993 10,000
1994 15,000
1995 25,000
1996 12,000
No estimates were changed during the life of the asset. The 1994 depreciation expense using the sum-of- years'-digits (SYD) method was ________.
A. $13,333
B. $6,000
C. $8,000
D. $10,000
E. $10,667
Answer: C
Explanation:
Explanation/Reference:
Explanation:
SYD depreciation is calculated on a constant depreciable base equal to $40,000 ($50,000 original cost -
10,000 salvage value), multiplied by the SYD fraction. The denominator is the sum of the digits of the total years of the expected useful life (1+2+3+4+5=15). The SYD fraction's numerator equals the remaining years. For 1994, the fraction is 3/15, and depreciation expense is $8,000 ($40,000 X 3/15).
NEW QUESTION: 2
What is a benefit of using a blade architecture over a standard rack-based server?
A. deploys blades by using UEFI
B. monitors blades by using SNMP
C. reduces connectivity complexity
D. provides independent networking components
Answer: C
NEW QUESTION: 3
What is the time limit for filing a charge of discrimination with the EEOC?
A. 30 days
B. 180 days
C. 90 days
D. 60 days
Answer: B
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