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natka813 [3]
3 years ago
11

Shahia Company bought a building for $88,000 cash and the land on which it was located for $117,000 cash. The company paid trans

fer costs of $16,000 ($4,000 for the building and $12,000 for the land). Renovation costs on the building before it could be used were $25,000. 2. Compute straight-line depreciation at the end of one year, assuming an estimated 10-year useful life and a $8,000 estimated residual value.
Business
1 answer:
chubhunter [2.5K]3 years ago
6 0

Answer:

Depreciation amount at the end of one year is $10,900

Explanation:

Land is not depreciated because land is assumed to have an unlimited useful life. Building is a long lived assest and it has limited useful lives. Therefore, building is depreciated assets.

The building acquisition cost is = Building transaction value + building transfer costs + Renovation cost

= $88,000 + $4,000 + $25,000

= $117,000

Depreciation value = The building acquisition cost - The residual value

= $117,000 - $8,000

= $109,000

Depreciation amount under the Straight-line method is calculated as below:

Yearly depreciation = \frac{Depreciation Value}{Useful life}

= \frac{109,000}{10}

= $10,900

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Increased flexibility in scheduling serves as important benefit for employers to offer because of:

1)the increase in single parent homes

2)the increase in two-income families

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  • It is important for employers to have Increased flexibility in scheduling because of the rise in single parent home.

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4 0
2 years ago
At an activity level of 9,200 machine-hours in a month, Nooner Corporation's total variable production engineering cost is $825,
dybincka [34]

Answer:

variable per unit        $  89.72

fixed cost per unit     $  26.5

total unit cost            $  116.22

Explanation:

Variable cost per machine-hour

825,420 / 9,200 = 89.72

This will keep constant at unit level thus, at 9,400 the variable cost will still be 89.72

Now fixed cost: 249,100 / 9,400 output = 26.5

This is the fixed cost per unit considering a 9,400 untis output

Now, we add them to get the total unit cost:

89.72 + 26.5 = 116.22

6 0
3 years ago
An approach to the SDLC that plans the project in advance and then progresses according to the plan is called what
makvit [3.9K]

Answer:

source-

One of the most common predictive models is the waterfall model. It assumes various phases in the SDLC that can occur sequentially, which implies that one phase leads into the next phase. In simple words, in waterfall model, all the phases take place one at a time and do not overlap one another.

in your own words-  

One of the foremost common prognostic models is that the falls model. It assumes varied phases within the SDLC which will occur consecutive, which suggests that one section leads into following section. In straightforward words, in falls model, all the phases occur one at a time and don't overlap each other.

Explanation:

source is where i got the imformation and the in your own words is it fully rewritten, sorry its a bit lengthy and hope this helps have a god day/night/noon! :)

7 0
2 years ago
Jenny's investment portfolio includes stocks, Mutual Funds, and bonds to lessen her risk of
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The believe the correct answer is a
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3 years ago
Carroll Inc., a cell phone manufacturer, has its assembly operations performed by Mortimer Corp., a firm that deals exclusively
Alex_Xolod [135]

Answer:

A.

Explanation:

Outsourcing is defined as the act of obtaining semi-finished products, finished products or services from an outside company.

The advantages of outsourcing are:

-Flexibility. Additional workforce for the temporary requirements.

-Prices. Good acquired partnerships can lower the prices of labor and materials.

-Overhead costs. These costs can be extremely high, particularly for entrepreneurs. By outsourcing those functions, overhead costs are diminished.

-Focus. The main benefit of outsourcing not so crucial tasks for parts of your operations is that the extra time can be utilized towards the more value added objectives of the business.

-Operational risks. Keeps the operation going in case of employee turnover.

7 0
3 years ago
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