1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Cloud [144]
3 years ago
8

Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000.

The machine's useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 84,500 units of product. What journal entry would be needed to record the machines' second year depreciation under the units-of-production method?
Business
1 answer:
Ostrovityanka [42]3 years ago
7 0

Answer:

Depreciation Expense = $16900

Explanation:

Using the units of production method. I will get the value of depreciation expense for the year 2. The units of production method calculate the value of depreciation using the formula is given below.

Depreciation expense = (Cost - Salvage value) / Total Units of Products x Units of production in second year.

Depreciation expense = ($87000 - $7000) / 400000 x 84500 = $16900

Wickland company will charge depreciation expense of $16900 using the Units of production method as during the second year of Wickland company depreciation expense is $16900.

You might be interested in
A property has a first mortgage of $200,000, a second mortgage of $50,000, and a third mortgage of $20,000. It is foreclosed and
Papessa [141]
234 with twelve chickens in a row of the other one
4 0
3 years ago
Efforts by the federal reserve bank (the fed) to control the money supply and interest rates are known as:
Sindrei [870]
Efforts by the federal reserve bank to control the money supply and interest rates are known as monetary policies.
7 0
3 years ago
As digital platforms increasingly embrace a subscription model, __________ of Americans say they now pay for online news.
djverab [1.8K]

Answer:

About 15-16%

Explanation:

7 0
3 years ago
At ICS Inc., a company that deals in software products, employees regularly complain about the lack of clarity regarding the tas
nekit [7.7K]

Answer:

<u>E) recruitment and selection</u>

<u>Explanation:</u>

The <u>human resource department </u>of an organization is responsible for assigning tax to employees after recruitment based on their abilities.

Hence, the human resource team at ICS Inc needs to improve on filling the gaps in the organization or selecting the best employee for a particular job. This role involves providing clarity regarding the tasks employees are required to perform.

8 0
3 years ago
Like the capital asset pricing model, the bond yield plus risk premium (BYPRP) approach is useful for __________.
jekas [21]

Answer:

nanning is the first one for

5 0
3 years ago
Other questions:
  • The market rate is the rate used to calculate the actual cash payments made to bondholders.
    5·1 answer
  • A survey indicated that chocolate is Americans' favorite ice-cream flavor. For each of the following, indicate the possible effe
    10·1 answer
  • According to proponents of the efficient-market hypothesis, the best strategy for a small investor with a portfolio worth $40,00
    15·1 answer
  • ______ leaders focus on providing increased service to others—meeting the goals of both followers and the organization—rather th
    7·1 answer
  • Marlena acquired the following new assets during 2017:
    14·1 answer
  • An example of forbearance is ________. Select one: A. past consideration B. selling assets to avoid payment to creditors C. a pr
    7·1 answer
  • Jewel Service anticipates the following sales revenue over a five-month period: The company's sales are 40% cash and 60% credit.
    14·1 answer
  • The majority if new business owners rely heavily on
    15·1 answer
  • Robert wants to hire more employees for his doggie day-care business. Which of
    9·1 answer
  • if the market risk premium is 7%, the risk-free rate is 2% and the beta of a stock is 2.0, what is the expected return of the st
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!