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Viefleur [7K]
4 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]4 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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If this is in relation to South Africa then my answer is: 

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6 0
3 years ago
An eligible employee may take unpaid leave under the Family and Medical Leave Act for family or medical reasons, or in certain s
Aliun [14]

An eligible employee may take unpaid leave under the Family and Medical Leave Act for family or medical reasons, or in certain situations for military service: TRUE

<h3>What is unpaid leave?</h3>
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<h3>Purpose of  Family and Medical Leave Act:</h3>
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Therefore, the statement "an eligible employee may take unpaid leave under the Family and Medical Leave Act for family or medical reasons, or in certain situations for military service" is true.

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4 0
2 years ago
Belarus has a comparative advantage in the production of linen, but Russia has an absolute advantage in the production of linen.
kodGreya [7K]

Answer: Option (a) is correct.

Explanation:

A country has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodity is lower than the other country.

A country has a absolute advantage in producing a commodity whose production require less number of resources than the other country.

A country exports the commodity in which it has a comparative advantage and imports commodity in which it has a comparative disadvantage.

Therefore, if both the countries decide to trade then Belarus should export linen to Russia.

5 0
4 years ago
Cash dividends of $45,000 were declared during the year. Cash dividends payable were $10,000 at the beginning of the year and $1
gogolik [260]

Answer:

The amount of cash for the payment of dividends during the year is B. $40,000

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Beginning of year Dividends Payable    $10,000

Dividends declared during the year      $45,000

Totals                                                        $55,000

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Tomtit [17]

Answer:

This is made due to the application of the cost principle or historical cost concept.

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