Answer:
$3150
Explanation:
Given:
Cost of the asset purchased = $87500 (on 1st October. 2022)
Salvage value at the end of its useful life = $24500
Useful life estimated = 5 years
Question asked:
What is the depreciation expense for 2022 if Ivanhoe Company uses the straight-line method of depreciation?
Solution:
<u>As we know:</u>
![Straight-Line\ Depreciation\ Expense=\frac{Cost\ - Salvage\ Value}{Useful\ Life\ of\ the\ Asset}](https://tex.z-dn.net/?f=Straight-Line%5C%20Depreciation%5C%20Expense%3D%5Cfrac%7BCost%5C%20-%20Salvage%5C%20Value%7D%7BUseful%5C%20Life%5C%20of%5C%20the%5C%20Asset%7D)
![=\frac{87500-24500}{5} =\frac{63000}{5} =12600](https://tex.z-dn.net/?f=%3D%5Cfrac%7B87500-24500%7D%7B5%7D%20%3D%5Cfrac%7B63000%7D%7B5%7D%20%3D12600)
Depreciation expenses per year = $12600
But we have to find depreciation expenses for 2022 for:-
From 1st October, 2022 to 31st December, 2022 = 3 months.
<em><u>Straight-Line Depreciation Expense for Partial Year = </u></em>
<em><u /></em>![D\times\frac{N}{12} \\\\ D=Depreciation\ expense\ for\ a\ complete\ year.\\N= Number\ of\ months\ during\ which\ the\ fixed\ asset\ was\ available\ for\ use](https://tex.z-dn.net/?f=D%5Ctimes%5Cfrac%7BN%7D%7B12%7D%20%5C%5C%5C%5C%20D%3DDepreciation%5C%20expense%5C%20for%5C%20a%5C%20complete%5C%20year.%5C%5CN%3D%20Number%5C%20of%5C%20months%5C%20during%5C%20which%5C%20the%5C%20fixed%5C%20asset%5C%20was%5C%20available%5C%20for%5C%20use)
Depreciation Expense for 3 months = ![12600\times\frac{3}{12} =\frac{37800}{12} =3150](https://tex.z-dn.net/?f=12600%5Ctimes%5Cfrac%7B3%7D%7B12%7D%20%3D%5Cfrac%7B37800%7D%7B12%7D%20%3D3150)
Therefore, the depreciation expense for 2022 if Ivanhoe Company uses the straight-line method of depreciation is $3150.
Economic Order Quantity is the optimal level of inventory where the inventory costs are the minimum. EOQ = (2AO/H)^(1/2).
<h3>What is
Economic Order Quantity?</h3>
Companies determine their ideal order size by performing a calculation known as the economic order quantity (EOQ), which enables them to meet demand without going overboard. To reduce holding costs and surplus inventory, inventory managers calculate EOQ.
The order size that minimizes the overall holding costs as well as ordering expenses in inventory management is referred to as the "economic order quantity," or "economic buying quantity." One of the first traditional production scheduling models is this one.
The following is the EOQ formula. EOQ is equal to the square root of 2 times demand times ordering cost)/carrying cost. Demand. The EOQ's assumptions state that the demand is unchanged. How much stock is used annually or how many goods are sold annually is the measure of demand.
Learn more about the Economic Order Quantity here:
brainly.com/question/16986815
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Answer:
Common stock outstanding = $50,000/$0.5 = 100,000 shares
Treasury stock outstanding = 5,000 shares
Total shares outstanding 105,000 shares
Explanation:
Total shares outstanding is the aggregate of common stock outstanding and treasury stock outstanding. Common stock outstanding is derived by dividing the total value of common stock by par value of common stock.
Answer and Explanation:
The computation of the equivalent units of production for both material and the conversion cost is shown below:
Particulars Materials Conversion costs
Unit transferred out 9,700 9,700
Add:
Ending work in process 8,300 3,818
(8300 × 100%) (8,300 × 46%)
Total equivalent unit 18,000 13,518
Answer:
It will cost employer A more to hire another worker