Doe, Inc. purchased a bulldozer at a cost of $300,000. The bulldozer has an estimated residual value of $20,000 and an estimated life of 10 years, or 15,000 hours of operation. The bulldozer was purchased on January 1, 2020 and was used 500 hours in 2020 and 3,000 hours in 2021. What method of depreciation will produce the maximum depreciation expense in 2021

48,000

56,000

the unit of production method

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($300,000 - $20,000) / 10 = $28,000

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life)  

Depreciation in 2021 = 2/10 x $300,000 = $60,000

Book value in 2022 = $240,000

Depreciation in 2022 = 48,000

Unit of production = number of hours in 2022 / total number of hours) x (cost of asset -- savlage value)

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi