Answer:
Depreciation for 2017
Account - Dr - Cr
Depreciation expense $4900
Accumulated Depreciation $4900
Depreciation for 2018
Account - Dr - Cr
Depreciation expense $4900
Accumulated Depreciation $4900
Sale of Truck:
Account - Dr - Cr
Cash $5300
Equipment $22,000
Accumulated Depreciation $9800
(4900*2)
Loss on Sale $6,900
Explanation:
- Depreciation = (Cost + Sales tax - Salvage value) / useful life
=(20515+1485-2400)/4
=$4900
- Book value = Cost + Sales tax - Annual depreciation computed in (a) * 2 years
=20,515+1,485-4900*2
=$12,200
Gain (loss) = Proceeds - Book value
=5,300 -12,200
=$6,900
<u>Solution and explanantion</u>
To record the assignment of overhead to the assembly and finishing department, debit the work in process assembly department, debit the work in process finishing department and credit manufacturing overhead as below:
date Particulars Debit Credit
Work in process – assembly department 71040
Work in process – finishing department 29440
Manufacturing department 100480
<u>Working note:
</u>
Labor cost assigned to assembly = $44400
Labor cost assigned to finishing = $62800 minus 44400 = $18400
Manufacturing overhead assigned to assembly =
Manufacturing overhead assigned to fiishing =
First, the quotation for each car model has to be obtained. The quotation must include the taxes including insurance.Then, a comparison is done taking into account the mileage and the maximum allotted budget for the other expenses which is $800.
Answer:
The conclusion of the arguments would be Factual Issue
Explanation:
Answer:
Let x = no. of books
:
Cost = 12.50x + 54150
:
Revenue = 25x
:
Rev = cost
25x = 12.5x + 54150
25x - 12.50x = 54150
12.5x = 54150
x = 54150%2F12.5
x = 4332 books need to be sold to cover production costs
:
:
Check:
c = 12.50(4332) + 54150
c = 54150 + 54150
c = 108300
:
r = 25(4332)
r = 108300
I found this on another website but i'm pretty sure its correct gl