Unit 3 Assignment

Q6

Q7.a & b

Q8

Current Attempt in Progress * Your answer is incorrect Sarasota Company acquires a delivery truck at a cost of S77.000 on January 1, 2022. The truck is expected to have a salvage value of $8.000 at the end of its 5-year useful life. Assuming the declining-balance depreciation rate is double the straight-line rate compute annual depreciation for the first and second years under the declining-balance method. Year 1 Year 2 Annual depreciation expense $ 27,600 $ 27,600 e Textbook and Media Assistance Used Save for Later Attempts: 1 of 5used Submit Answer Current Attempt In Progress Culver Tax Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 156,000 miles. Taxi no. 10 cost $38,640 and is expected to have a salvage value of $1.200. Taxi no. 10 was driven 35.600 miles in 2022 and 20,200 miles in 2023 (21) Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places, es. 0.50.) Depreciation cost s per mile e Textbook and Media Save for Later Attempts:0 of 5 used Submit Answer (2) Compute the depreciation for each year. 2022 2023 Depreciation $ $ e Textbook and Media Save for later Attempts:0 of 5 used Submit Answer Niew Policies Current Attempt in Progress In a recent annual report. Target reported beginning total assets of $44.1 billion ending total assets of $44.5 billion and net sales of $63.4 billion Compute Target's asset turnover ratio. (Round answer to 2 decimal places, eg, 5.60.) Target's asset turnover ratio times eTextbook and Media Save for Later Attempts:0 of 5 used Submit