University Car Wash built a deluxe car wash across the street from campus. The new machines cost $213,000 including installation
. The company estimates that the equipment will have a residual value of $19,500. University Car Wash also estimates it will use the machine for six years or about 12,500 total hours. Actual use per year was as follows:Year Hours Used1 3,0002 1,2003 1,3004 2,7005 2,5006 1,8002. Prepare a depreciation schedule for six years using the double-declining-balance method.3. Prepare a depreciation schedule for six years using the activity-based method.
1 answer:
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Answer:
Explanation:
Let D be the event that the lost card is a diamond
and D' be the event that the lost card is a non diamond
Therefore,
P(D) = = 0.25
P(D') = = 0.75
Now,
Event that the cards picked up are both diamonds = A
Thus,
P( A | D) = [ As One Diamond Card is lost ]
And,
P(A | D') = [ As One Non-Diamond card is lost ]
Therefore,
P(A) = P(D) × P(A | D) + P(D') × P( A | D')
= 0.25 × + 0.75 ×
=
Answer:
1. U. None of these
2. Variable overhead price variance = $2,000 F
Variable overhead efficiency variance = $4,000 U
Explanation:
Please see attachment.
