A legal firm would be considered a service company because they provide legal services to clients and persons.
Cost on January 1 2016 = $1,250,000
Life = 10 years
Therefore,
Double-declining depreciation rate = 2*(1,250,000/10)/1,250,000 = 2*0.1 = 2*10% = 20%
Book value at end of 2016 = 1,250,000 - (1,250,000*20/100) = $1,000,000
Book value at end of 2017 = 1,000,000 - (1,000,000*20/100) = $800,000
Book value at end of 2018 = 800,000 - (800,000*20/100) = $640,000
Changing to straight line depreciation:
Life remaining = 7 years
Book value = $640,000
Depreciation expense per year = 640,000/7 = $91,428.57
Therefore, depreciation expense for 2019 = $91,428.57
Answer:
Letze Corporation
Overhead allocation to Batch Set-Up:
Factory supervision = 55% of $460,000 = $253,000
Indirect factory labor = 60% of $220,000 132,000
Total overhead assigned $385,000
Explanation:
a) Data and Calculations:
Factory supervision $ 460,000
Indirect factory labor $ 220,000
Distribution of Resource Consumption across Activity Cost Pools:
Activity Cost Pools
Batch Set-Up Expediting Other Total
Factory supervision 55% 35% 10% 100%
Indirect factory labor 60% 20% 20% 100%
b) Letze Corporation can use Activity-Based Costing as a system of cost accumulation and allocation based on activity cost pools so that overhead costs are assigned based on the level of activity which each cost pool generates. It tries to tie costs to the activities that generate them.
Answer:
Hola Amigo! Here's ur answer :D
Explanation:
The equilibrium price is the only price where the desires of consumers and the desires of producers agree—that is, where the amount of the product that consumers want to buy (quantity demanded) is equal to the amount producers want to sell (quantity supplied).
Happy to Help!
They dont see the end benefit
Not 100% on this one
