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Ipatiy [6.2K]
3 years ago
14

A building acquired at the beginning of the year at a cost of $123,800 has an estimated residual value of $4,800 and an estimate

d useful life of 10 years. Determine the following: (a) The depreciable cost $ (b) The straight-line rate % (c) The annual straight-line depreciation
Business
1 answer:
grigory [225]3 years ago
6 0

Answer:

A. $119,000

B. 10%

C.$11,900

Explanation:

Deprecation is a method used in expensing the cost of an asset.

The depreciable cost = Cost of asset - Salvage value = $123,800 - $4,800 = $119,000

The straight line rate = 1/10= 0.1 = 10%

annual straight-line depreciation = depreciable cost × straight line rate = $119,000 × 0.1 = $11,900

I hope my answer helps you

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When determining the cost of a manufactured good under an operation-costing system, a company would:
Nonamiya [84]

A company would trace direct-material cost to each product produced and use a predetermined application rate for conversion cost.

Explanation:

In this operation costing system the cost of the operation and the process cost are in parallel with the conversion cost and when when a company uses this they trace the direct material cost to each of the product produced and they predetermine the application rate of the conversion cost

The raw materials are manufactured in one way and the individual products are manufactured in another way and hence there is a mix of both the jobs and the prices may vary. Hence to avoid this confusion operation costing system was introduced

7 0
3 years ago
The purpose of the snapple video is to help students understand how _________ is an effective strategy implementation tool.
Sonja [21]
<span>The purpose of the snapple video is to help students understand how PRODUCT POSITIONING is an effect strategy implementation tool. Product positioning can have a major effect on marketing because if the product is not positioned in the right way, people might just glance over it and not take note of it.</span>
4 0
3 years ago
Provo, Inc., had revenues of $10 million, cash operating expenses of $5 million, and depreciation and amortization of $1 million
Sauron [17]

Provo's free cash flow for 2008 is $2,600,000

              <u>Income Statement</u>

Revenue                        $10,000,000

Operating expenses   - $5,000,000

Depreciation               -  <u>$1,000,000</u>

EBIT                                $4,000,000

Interest expenses        - $0

Taxes                            - <u>$1,600,000</u>    (40% * $4,000,000)

Net Income                     $2,400,000

Depreciation                  +<u>$1,000,000</u>

Operating cash flow      <u>$3,400,000</u>

Free cash flow = Operating Cash flow - Purchase of equipment - Increase in Inventory

Free cash flow = $3,400,000 - $500,000 - $300,000

Free cash flow = $2,600,000

See related question on this here<em> brainly.com/question/10705084</em>

5 0
3 years ago
Refer to Exhibit 7.4, which shows short-run average cost curves. Average cost is lowest for a medium plant when output is _____
MatroZZZ [7]

Answer: c) between Qa and Qb

Explanation:

From the exhibit, the lowest cost will be recorded when output is between Qa and Qb because these points represent the lowest costs per unit for Curves A and C and the lowest points where output can be produced. Output being produced at costs lower than this is therefore the lowest for the medium plant.

3 0
3 years ago
Suppose that in some state the civilian, non-institutionalized adult population is 4 million, the labor force participation rate
shepuryov [24]

Answer:

8.33%

Explanation:

The computation of the unemployment rate is shown below;

Before computing it, first we have to determine the labor force which is

As we know that

Labor force participation rate = Labor force ÷ Total non-institutionalized adult population

75% = Labor force ÷ 4,000,000

So, the labor force is

= 4,0000,000 × 0.75

= 3,000,000

Now unemployment rate is

= Unemployed people ÷ Labor force

= 250,000 ÷ 3,000,000

= 8.33%

4 0
3 years ago
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