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Nonamiya [84]
3 years ago
11

A factory machine was purchased for $375000 on january 1, 2018. it was estimated that it would have a $75000 salvage value at th

e end of its 5-year useful life. it was also estimated that the machine would be run 40000 hours in the 5 years. the company ran the machine for 4000 actual hours in 2018. if the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2018 would be
Business
1 answer:
natima [27]3 years ago
4 0
Given that a<span> factory machine was purchased for $375000 on january 1, 2018. it was estimated that it would have a $75000 salvage value at the end of its 5-year useful life. it was also estimated that the machine would be run 40000 hours in the 5 years. the company ran the machine for 4000 actual hours in 2018.

If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2018 would be

\frac{375000-75000}{40000} \times4000= \frac{300000}{10} =\$30,000</span>
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QUIZLET Brandon's computer shop is considering two different configuration options. The first one is to have each computer built
natka813 [3]

Answer:

The cross-over point is about 22 computers.

Explanation:

Fixed cost, F = 0

Variable cost = $50

Option B

Fixed cost, F = $1,000

Variable cost, V = $5

Therefore,

Total cost = F + (n × V)

n = no of units

Option A

Total cost TC = 50n

Option B

Total cost TC = 1000 + 5n

We can calculate cross-over point by equalizing two options :

50n = 1000 + 5n

45n = 1000

n = 22.2

The cross-over point is about 22 computers.

5 0
3 years ago
Banks can protect themselves from the disruption caused by deposit outflows by A. "calling in" loans B. holding excess reserves
Aliun [14]

Answer:

D, doing all of the above

Explanation:

Deposit outflow is a situation in which deposits are lost as a result of continous withdrawals by depositors.

In other for banks to protect themselves from this sort of situation, the bank can choose to do all of the options in the questions which includes callin-in loans, holding excess reserves and/or selling securities. This helps the bank to maintain account balances amongst other things.

To reduce or eradicate deposit outflow is the reason for deposit insurance. Deposit Insurance corporations or companies helps banks to reduce their deficits or losses when they are at the point of not being able to pay deposits when due.

Cheers

8 0
3 years ago
Do you think that high excise taxes(taxes on specific goods) on items such as tobacco or alcohol should be used to discourage pe
pantera1 [17]

<h2>Yes it could be done to discourage people from consuming tobacco or alcohol.</h2>

Explanation:

  • Normally government encourages or discourages use of goods by reducing or increasing the tax on the goods.
  • As everybody aware that the use of tobacco or alcohol consumption damages the body and even might reduce the life span of the consumer.
  • When the taxes are more, people tend to reduce the use of those item and at one point of time, the consumer might stop the usage slowly.
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3 0
3 years ago
A software developer enters into a contract with a new customer to sell a software license and perform installation services. Th
Troyanec [42]

Answer:

A. Three performance obligations: 1. software license 2. installation support 3. technical support services

Explanation:

Under the ASU 2014-09, the obligations of the software developer includes software licensing, installation support as well as technical support services.

This is necessary because the software being developed is peculiar to the company that the software is being made for and as such would require that the software gets licensed by the appropriate council or board, assist with installing the software until personnel have been trained and/or contract expires and also provide support services for the software should it run into any problem while in use.

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3 0
3 years ago
A company has a total amount of 15 hours for one specific resource. The upper limit of this resource is 18 (the right-hand side
Greeley [361]

Answer: A. the company will be willing to pay a different amount for this resource.

Explanation:

The upper limit for the resource was 18 and anything up to 18 would have attracted the same shadow price (price company estimated it was willing to pay for access to this resource).

The access was increased past this limit however to 18.01. The company therefore will now have more access to the resource and so will be willing to pay a different amount for the resource.

4 0
3 years ago
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