Use the following information to answer questions 7 to 9: Consider a five year MACRS asset that was purchased for $76,000. If the asset were disposed of in year 3 with a salvage value of $20,000, Compute the allowed depreciation: A. $48,542 B. $42,954 C. $44,870 D. $46,816 10 points Save Answer QUESTION 8 The book value is: A. $31,086 B. $32,482 C. $29,184 D. $27,864 10 points Save Answer QUESTION 9 Taxable gain is: A. $7,647 B. $11,894 C. $5,237 D. $9,184

Diamond motor car company produces some of the most luxurious and expensive cars in the world. typically, only a single dealership is authorized to sell its cars in certain major cities. in less populous areas, diamond authorizes a single dealer for an entire state or region. the manufacturer of diamond automobiles is using a(n) distribution strategy for its product.

Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost

Describe what fixed costs and marginal costs mean to a company.