Answer:
Correct option is (D)
Explanation:
Given:
Purchase price of copyright = $50,000
Expected useful life = 5 years
Annual depreciation expense as per straight line method:
= Purchase price ÷ useful life
= 50,000 ÷ 5
= $10,000
Only useful life is considered and not legal life.
Carrying value of asset at the end of year = Book value of asset - annual depreciation
Carrying value of copyright at then end of first year = 50,000 - 10,000 = $40,000
Carrying value of copyright at then end of second year = 40,000 - 10,000 = $30,000
Yes and no, if you are of United States yes, if not No
Answer:
The question is wrong ,find attached correct question:
The correct option in the attached is $58290
,option E,which is missing in the original question
Explanation:
Cash flow from operating activities=net income+depreciation charge-increase in accounts receivable+decrease in inventory+decrease in prepaid expenses-decrease in accounts payable+loss on sale of land-gain on sale of equipment
cash flow from operating activities=$26,890+($135,000-$92,000)-($77,000-$64,000)+($140,000-$132,000)+($16,540-$12,140)-($45,000-$33,000)+$2000-$1000=$58290
Answer:
$3,135 unfavorable
$9,937.50 unfavorable
Explanation:
The formula and the computation of the direct labor price and efficiency variance is shown below:
Direct labor price variance
= (Standard rate - Actual rate) × Actual hours of production
= ($15- $145,600 ÷ 9,500 hours ) × 9,500 labor hour worked
= ($15 - $15.33) × 9,500 labor hour worked
= $3,135 unfavorable
Labor efficiency variance is
= (Actual production - standard production) × standard rate per unit
= (6,600 units - 9,500 hours ÷ 1.6 hours) × $15
= (6,600 units - 5,937.0) × $15
= $9,937.50 unfavorable
Since the actual hours is more than the standard one so it would lead to unfavorable variance
