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Viefleur [7K]
3 years ago
12

On January 2, 2018, the Matthews Band acquires sound equipment for concert performances at a cost of $66,400. The band estimates

it will use this equipment for four years, during which time it anticipates performing about 200 concerts. It estimates that after four years it can sell the equipment for $1,000. During year 2018, the band performs 45 concerts.
Compute the year 2018 depreciation using the units-of-production method.
Business
1 answer:
IRISSAK [1]3 years ago
8 0

Answer:

14,715

Explanation:

The computation of depreciation using the units-of-production method is shown below:-

Depreciation per concert = (Original cost - Salvage value) ÷ Estimated total concerts

= $66,400 - $1,000) ÷ 200

= $65,400 ÷ 200

= 327

Depreciation in 2018 = Concerts in 2018 × Depreciation per concert

= 45 × 327

= 14,715

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Answer:

The statement is: True.

Explanation:

The matching principle of the Generally Accepted Accounting Principles (<em>GAAP</em>) states that the expenses a company incurs during a period must match with the revenues those expenses were incurred during the same period. This principle is usually implemented with the accrual accounting method leaving in clear that expenses are incurred to generate profit.

8 0
3 years ago
If a company would still have a cash flow item even if they rejected potential new Project A, should this particular cash flow i
FrozenT [24]

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Explanation:

When computing a project analysis for a project, only relevant cash flow should be included in the Project's cash flow analysis. Relevant cash-flow are those that will only occur if the project was embarked on.

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3 years ago
Which reason for trade barriers is being used when the us refuses to trade with another country because they use child labor to
Kruka [31]

The reason why trade barriers is being used when the us refuses to trade with another country is: Upholding standards.

<h3>What is upholding standard?</h3>

Upholding standard is the process were a country tend to follow and maintain their set standard without deviating from it.

United states refuse to trade with others country because  other country were using children as a laborer to produce goods and United state is against it leading to what is called trade barrier.

Inconclusion the reason why trade barriers is being used when the us refuses to trade with another country is: Upholding standards.

Learn more about upholding standard here:brainly.com/question/6868717

4 0
2 years ago
Laura is using rent-to-own store to purchase a computer valued at $1,000. she is paying $25 per week for 104 weeks(2 years). why
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Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
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Universal Travel Inc. borrowed $501,000 on November 1, 2021, and signed a 12-month note bearing interest at 7%. Interest is paya
Anon25 [30]

Answer:

Interest = $5,834.67

Explanation:

In November 1, the note bears 12 month = 7%

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Interest = $5,834.67 approximately.

3 0
3 years ago
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