On January 1, 2020, Snitchy Company purchased a tractor-trailer rig for $188,000.
The vehicle is expected to have a 8-year useful life, and a salvage value of $28,000 at the end of its useful life.
In mileage, the rig has an expected life of 352,000 miles.
The rig was driven 44,500 miles in 2020 and 41,840 miles in 2021.

Using the above data, determine depreciation expense for the years 2020 and 2021 under each of the following methods: (6 answers in all)

a) Straight-Line
b) Units-of-Production
c) Declining balance at twice the straight-line rate (Double-Declining Balance)

He aldermanalderman company has prepared a sales budget of 42 comma 00042,000 finished units for a 3-month period. the company has an inventory of 10 comma 00010,000 units of finished goods on hand at december 31 and has a target finished goods inventory of 11 comma 00011,000 units at the end of the succeeding quarter. it takes 44 gallons of direct materials to make one unit of finished product. the company has inventory of 64 comma 00064,000 gallons of direct materials at december 31 and has a target ending inventory of 53 comma 00053,000 gallons at the end of the succeeding quarter. how many gallons of direct materials should aldermanalderman company purchase during the 3 months ending march 31? select the labels and enter the amounts to calculate the direct materials (gallons) to be purchased.

Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.

What is inventory turnover? explain the effect of a high inventory turnover during the christmas shopping season.