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PtichkaEL [24]
3 years ago
9

The sahara company purchased equipment on january 1, 2015, for $100,000. the equipment had an estimated residual value of $10,00

0, an estimated useful life of five years, and estimated lifetime output of 18,000 units. in 2016, the company produced 4,400 units and recorded depreciation expense of $22,000. what depreciation method did the company use?
Business
1 answer:
vaieri [72.5K]3 years ago
6 0
The company used straight line depreciation based on number of units produced. This can be shown as follows:

Cost = $100,000
Life = 5 years or 18,000 units
Salvage value = $10,000

By straight line method;
Depreciation cost per unit = (100,000-10,000)/18,000 = $5

After producing 4,400 units, depreciation expense = 4,400*5 = $22,000.
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Answer:

$1,300,000

Explanation:

The computation of the total amount included in the translated balance sheet is shown below:

= Account receivable at current rate + account receivable, long term at current rate  + inventories at current rate + goodwill at current rate

= $600,000 + $300000 + $180,000 + $220,000

= $1,300,000

We recorded at the current rate or lower value of current rate or historical rate but the goodwill is recorded at current rate

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3 years ago
If jj camera had a policy that there could be no muslim workers that are allowed to work on the sales floor, the policy would be
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3 years ago
Fred deposited $1,000 into an account that earns 2 percent, compounded annually. How much money will he have in 5 years? A. $100
mario62 [17]

This situation can be modeled by an exponential equations.  Exponential equations typically take the form y=ab^{x}.  In an interest problem, a represents the initial deposit, b is the yearly interest rate, x is the number of years, and y is the total amount of money.


Start by filling out what you know:

a: 1000

b: 1.02 (Fred will have all of the money he had before (1) plus the interest rate (2%=2/100=0.02)

x: 5

y: ?


Now, all you have to do is solve.

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