Answer:
Option (B) is correct.
Explanation:
Depreciable base = Cost - Residual Value
= $190,000 - $10,000
= $180,000
Usage = 75,000 bolts
= $2.40
For Year 1:
Book value = $190,000
Usage = 15,000 bolts
Depreciation expense = Usage × Depreciation bolt
= 15,000 × $2.40
= $36,000
Ending Book Value = Book value - Depreciation expense
= $190,000 - $36,000
= $154,000
Accumulated Depreciation = $36,000
For Year 2:
Book value = $154,000
Usage = 19,000 units
Depreciation expense = Usage × Depreciation bolt
= 19,000 × $2.40
= $45,600
Ending Book Value = Book value - Depreciation expense
= $154,000 - $45,600
= $108,400
Accumulated Depreciation = Depreciation expense Year 1 + Depreciation expense Year 2
= $36,000 + $45,600
= $81,600
Answer:
Detailed balance sheet is attached .
Explanation:
Answer:
1) If they both consume the same amount of goods (rice and beans), and their price increased by 100%, then the inflation rate is 100%.
- old price of beans = $1, new price $2, inflation rate 100%
- old price of rice = $4, new price $8, inflation rate 100%
The inflation rate measures the change in the general price level of an economy during a certain period of time, in this case during a year from 2016 to 2017.
2) Indicate whether Gilberto and Juanita were better off, worse off, or unaffected by the changes in prices.
Since Gilberto produces beans and Juanita produces rice, and the price of both of their products increase equally (100%), then the inflation rate will not affect them. Their consumption levels also remain the same, no one decided to consume more of one product and less of the other.
Answer:
Which of the following statements is CORRECT?
a. Operating income is derived from the firm's regular core business. Operating income is calculated as Revenues less Operating costs. Operating costs do not include interest or taxes.
Explanation:
Operating income is an accounting figure that measures the amount of profit realized from a business's operations, after deducting operating expenses such as wages, depreciation, and cost of goods sold (COGS).
yes
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