Blossom company purchased equipment for $303,200 on october 1, 2020. it is estimated that the equipment will have a useful life of 8 years and a salvage value of $15,200. estimated production is 45,000 units and estimated working hours are 20,000. during 2020, blossom uses the equipment for 530 hours and the equipment produces 1,000 units compute depreciation expense under each of the following methods. blossom is on a calendar-year basis ending december 31. (round rate per hour and rate per unit to 2 decimal places, e. g. 5.35 and final answers to 0 decimal places, e. g. 45,892.) (a) straight-line method for 2020 (b) activity method (units of output) for 2020 (c) activity method (working hours) for 2020 (d) sum-of-the-years-digits method for 2022 (e) double-declining-balance method for 2021

You are the owner of a local honda dealership. unlike other dealerships in the area, you take pride in your “no haggle” sales policy. last year, your dealership earned record profits of $1.5 million. however, according to the local chamber of commerce, your earnings were 10 percent less than either of your competitors. in your market, the price elasticity of demand for midsized honda automobiles is 4.5. in each of the last five years, your dealership has sold more midsized automobiles than any other honda dealership in the nation. this entitled your dealership to an additional 30 percent off the manufacturer’s suggested retail price (msrp) in each year. taking this into account, your marginal cost of a midsized automobile is $11,000. what price should you charge for a midsized automobile if you expect to maintain your record sales?