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
One example of a microeconomic question is, "How will prices in the clothing industry change if the government bans imports from
fredd [130]

Answer:

True

Explanation:

Microeconomics is a branch of economics that studies the decisions individuals and firms make in response to changes in economic factors. These factors include price, resources etc. it studies how firms and individuals allocate and make decisions about resources

The question is looking at the effect of price on an industry. This is what microeconomics study

Macroeconomics is a branch of economics that studies the economy as a whole. Macroeconomics studies economic aggregates such as inflation, unemployment, GDP and growth rate.

6 0
3 years ago
Thirst, a beverage manufacturer, markets its products using the same strategy worldwide. However, the ethnicity contained in the
Umnica [9.8K]

Answer:

Glocalisation

Explanation:

Thirst, a beverage manufacturer is involved in glocalisation by marketing its products using the same strategy globally. However, the ethnicity contained in their ads and the music used in jingles change according to the place. This is to say that they make use of ads which is particular to a specific location taking their culture and language into consideration.

The term "glocalization" was coined by sociologist Roland Robertson in the Harvard Business Review, in 1980.

Glocalization is a combination of the words "globalization" and "localization".

Glocalization is used to describe the ability of a product or service that is developed and distributed worldwide to adjust and accommodate the consumer in a local market.

Consumers in the local market have different taste and preference. Glocalisation is the ability of a product sold globally to fit into the local market at different places. It is an expensive process but firms usually make more benefits from practicing glocalisation.

3 0
3 years ago
Even if your family can pay the full amount of attending college, filling out the Free Application for Federal Student Aid (FAFS
Olegator [25]
I believe the answer is D
4 0
1 year ago
Read 2 more answers
What is the new 2021 conforming loan limit for 1-4 family homes?
dolphi86 [110]
Conforming Loan Limits Increase By 18% in 2021 for the Year Ahead.
7 0
2 years ago
An investor owned a 100-acre parcel that contained several natural asphalt lakes. A construction company was erecting highways f
Leona [35]

Answer: Yes

Explanation:

The construction company is entitled to compensation because it has a property right to enter and remove minerals.

The investor gave the construction company the right to use the properties on the land, if anything would be done on the land, the construction company should be compensated because they bought the right to do business there. Since the owner granted them the sole right, they are entitled to the resources.

7 0
3 years ago
Other questions:
  • When will diversity effect the workplace?
    15·2 answers
  • The _____ is the product of the percent complete and the sum of the estimated costs of all the specific activities that make up
    11·1 answer
  • Jorge has $300 for work he performed. He expects to spend the money in the next few weeks to buy a new bike. Which type of accou
    7·1 answer
  • Complete the following statement. The purpose of the closing process is to reset _________ (temporary/permanent) account balance
    11·2 answers
  • The learning curve is:_______
    10·1 answer
  • What is one reason that a brand may not want to get rid of a product that isnt meeting goals?
    5·2 answers
  • At a price of $15 each, Marta buys 4 books per month. When the price increases to $20, Marta buys 3 books per month. Luz says th
    14·1 answer
  • Bob, a salesperson at a Carpets Galore store, tells Dita, a customer, "Buy your carpet here, and I'll install it for half of wha
    10·1 answer
  • Which of the following is not included in the computation of the quick ratio? a. Accounts receivable b. Marketable securities c.
    13·1 answer
  • The following information is available for Ethtridge Manufacturing Company for the month ending July 31:
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!