Answer the Following Questions Using the Information Below:
the Bovise

question 79

Multiple Choice

Answer the following questions using the information below:
The Bovise Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Bovise Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.
$$\begin{array} { l r r } \text { Month } & \text { Cost } & \text { Hours } \\\text { January } & \$ 40,000 & 3,600 \\\text { February } & 38,500 & 3,000 \\\text { March } & 36,280 & 3,300 \\\text { April } & 38,000 & 3,500 \\\text { May } & 69,850 & 5,850 \\\text { June } & 45,000 & 4,250\end{array}$$
-How is the cost function stated?

• A) y = $26,672 + $11.94X
• B) y = $1,360 + $11.37
• C) y = $31,350 + $12.83X
• D) y = $5,500 + $11X

Understand the principles and calculations of straight-line depreciation method.

Understand the principles and calculations of accelerated and double declining-balance depreciation methods.

Master the concept of book value, residual value, and the calculation of annual depreciation expense.

Understand the process and implications of asset impairment, including loss calculations.

---

Definitions:

Plagiarism

Plagiarism is the act of using someone else's work or ideas without proper attribution, presenting them as one's own original work.

Summarizing

The process of briefly stating the main points of a larger piece of text or conversation.

Quoting

The act of repeating or copying out words from a text or speech written or spoken by another person, often indicated by quotation marks.

Psychological World

Refers to the realm of human thoughts, feelings, and behaviors that are studied in psychology.