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Whitepunk [10]
1 year ago
15

Equipment cost $67,200 and is expected to be useful for 8 years and have no salvage value. unde the straight line method, monthl

y depreciation will be:_______
Business
1 answer:
lukranit [14]1 year ago
7 0

The monthly depreciation will be $8000.

In accountancy, depreciation refers to two components of the equal idea: first, the real lower of fair fee of an asset, which include the lower in value of manufacturing unit gadget each year as it's far used .

Depreciation is used on a profits declaration for almost every enterprise. it is indexed as a cost, and so should be used every time an object is calculated for year-end tax purposes or to determine the validity of the item for liquidation purposes.

Annual depreciation is not taken into consideration as an asset because assets constitute something in order to produce financial cost to the organization during the last. And accumulated depreciation does now not produce the enterprise's financial fee as amassed depreciation itself shows the credit score stability.

Annual depreciation as per straight line method = ( 104,000 - $8,000) /10

Annual depreciation as per straight - line method = $96,000/10

Annual depreciation as per straight line method = $9600

∴ monthly depreciation as per straight line = $96000 * 1/12

                                                                      = $8000

Learn more about depreciation here :- brainly.com/question/25785586

#SPJ4

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On June 10, Sheridan Company purchased $7,700 of merchandise from Crane Company, terms 3/10, n/30. Sheridan Company pays the fre
sveta [45]

Answer:

Sheridan Company journal entries:

June 10

  • Dr Merchandise inventory 7,700  
  • Cr Accounts payable 7,700

June 11  

  • Dr Merchandise inventory 430
  • Cr Cash 430

June 12  

  • Dr Accounts payable 800
  • Cr Merchandise inventory 800

June 19

  • Dr Accounts payable 6,900
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4 0
3 years ago
A firm has actual sales in November of $1,000 and projected sales in December and January of $3,000 and $4,000, respectively. Th
Valentin [98]

Answer:

(B) $2,100

Explanation:

5 0
3 years ago
Read 2 more answers
our business plan calls for sales of $45,000 in year 1 with compound growth of 30% per year thereafter. What are your projected
Law Incorporation [45]
477,202 are the projected sales after year 10.
4 0
3 years ago
Which of the following is not an objective of proactive scanning? Identify and define potential opportunities and threats. Paint
tigry1 [53]

The option that is not an objective of proactive scanning is: Paint a picture of the future 20+ years into the future.

<h3>What is proactive scanning?</h3>

Proactive scanning is the use of automated tools to detect suspicious programs/contents in library, driver, and executable files.

This scanning method can be used to detect threats and important events. They could also serve useful functions to employers and managers.

Learn more about proactive scanning here:

brainly.com/question/26199042

6 0
2 years ago
At the beginning of the year, Rangle Company expected to incur $64,000 of overhead costs in producing 6,400 units of product. Th
Studentka2010 [4]

Answer:

$48,000

Explanation:

The total cost of the units produced in the month is the sum of the direct and indirect cost. The indirect cost is also known as the overheads.

The direct cost is the sum of the direct labor and direct material cost.

Total direct cost = 600( $30 + $40)

= $42000

Indirect cost = 600/6400 * $64,000

= $6000

The total cost of the units made in January was

= $42000 + $6000

= $48,000

6 0
3 years ago
Read 2 more answers
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