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AURORKA [14]
3 years ago
10

"On January 1, 2018, Payton Co. sold equipment to its subsidiary, Starker Corp., for $115,000. The equipment had cost $125,000,

and the balance in accumulated depreciation was $45,000. The equipment had an estimated remaining useful life of eight years and $0 salvage value. Both companies use straight-line depreciation. On their separate 2018 income statements, Payton and Starker reported depreciation expense of $84,000 and $60,000, respectively. The amount of depreciation expense on the consolidated income statement for 2018 would have been:"
Business
1 answer:
MAXImum [283]3 years ago
3 0

Solution:

Sales Price $115,000 - BV $80,000 = $35,000

Gain on Sale /8 years = $4,375

Annual Amortisation of Unrealised Gain over Expected Useful Life of the Asset

Parent's Depreciation $84,000 + Sub's Depreciation $60,000 - Annual amortisation $4,375 = $139,625

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jeka57 [31]

The use of the <u>internet  </u>allows bank customers the ability to complete most transactions electronically without leaving home.

<h3>What is Internet?</h3>

Internet help to transmit data or information across a network, making it possible for internet user to communicate and exchange information.

Example of internet are:

  • WAN which full meaning is  Wide Area Network.
  • LAN which full meaning is Local Area Network.

Hence, internet play an important function  as it make it possible for bank customers to complete their transactions electronically or to carryout their transaction online without having to leave their various homes.

Learn more about internet here:brainly.com/question/2780939

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5 0
1 year ago
At December 31, 20X3, before recognizing any depreciation expense for 20X3, X Company has a machine with an original cost of $36
shutvik [7]

Answer:

If X Company uses the units of production method for calculating depreciation, depreciation expense in 20X3 will be (rounded):

$45000

Explanation:

Cost                360000  

Accum. Depre 90000  

Usefull life         7  

   

Produce 1 20000  

Produce 2 10000  

Produce 3 50000  

                80000  

   

Deprec=cost/unit    

   

Depre=360000/80000    

Depre= 4,5  

   

Produce 2012  20000 4,5 90000

Produce 2013  10000 4,5 45000

Produce rest   50000 4,5 225000

             80000 4,5 360000

7 0
3 years ago
If a group of competitors got together and pulled all their ads from a certain advertising vendor in an attempt to force the ven
azamat

If a group of competitors got together and pulled all their ads from a certain advertising vendor in an attempt to force the vendor to lower his rates that would be considered an offense under boycotting.

  • Practices like setting pricing, manipulating contract bids, and dividing up customers among companies that ought to be competing for them are all considered violations of the Sherman Antitrust Act.
  • These infractions are crimes. As a result, they risk receiving severe penalties or lengthy prison terms.
  • Price fixing is an antitrust offense per se.
  • Usually, but not always, real estate brokers charge for their services as a percentage of the sales price, or "commission."
  • In addition, they often give a publicly disclosed portion of that commission to a broker who brings in a customer.

What is an antitrust violation central element?

The main components of an antitrust violation are a contract, a conspiracy between or among competitors to unreasonably impede commerce, or a combination of these, even though antitrust can and does take several forms in real estate.

Learn more about an antitrust violation central element brainly.com/question/576726

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8 0
1 year ago
Susan williams runs a small flagstaff job shop where garments are made. the job shop employs eight workers. each worker is paid
slavikrds [6]

Labour Productivity is basically the worth of goods produced by each labour or collectively in an hour, This can be expressed in the formula below:

Labour Productivity per hour of work=\frac{Worth of Goods Produced}{Total Number of Labour Hours}

In order to find worth of goods we shall use below Formula:

Worth of Goods= Sale Price per Unit*Number of Units Sold

In given case there are 2 types of goods sold as below

1. Proper Garments

Worth of Goods Sold= $210*78 Garments

Worth of Goods Sold=$16380

2. Seconds

Worth of Goods Sold= $100*54

Worth of Goods Sold= $5400

Total Goods Sold= $5400+$16380

Total Worth of Goods=$21780

Total Hours Worked= No of Workers*Hours Worked each Worker

Total Hours Worked= 8*45

Total Hours Worked=360 Hours

Labour Productivity=\\ \frac{21780}{360}

Labour Productivity=$60.5 per Hour


3 0
3 years ago
Consider three bonds with 5.50% coupon rates, all making annual coupon payments and all selling at face value. The short-term bo
Liono4ka [1.6K]

Answer:

a. $965.74

b. $939.11

Explanation:

In this question we use the Present value formula i.e shown in the attachment below:

1. Given that,  

Future value = $1,000

Rate of interest = 6.5%

NPER = 4 years

PMT = $1,000 × 5.5% = $55

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the price would be $965.74

2. Given that,  

Future value = $1,000

Rate of interest = 6.5%

NPER = 8 years

PMT = $1,000 × 5.5% = $55

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the price would be $939.11

6 0
3 years ago
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