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olga2289 [7]
3 years ago
13

Dexter Industries purchased packaging equipment on January 8 for $98,000. The equipment was expected to have a useful life of th

ree years, or 20,000 operating hours, and a residual value of $6,000. The equipment was used for 8,980 hours during Year 1, 6,930 hours in Year 2, and 4,090 hours in Year 3.
Required: 1. Determine the amount of depreciation expense for the three years ended December 31 by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the three years by each method. (Note: For STRAIGHT-LINE ONLY, round the first two years to the nearest whole dollar, then round the third year as necessary. For DECLINING BALANCE ONLY, round the multiplier to five decimal places. Then round the answer for each year to the nearest whole dollar.)
Business
1 answer:
Shkiper50 [21]3 years ago
3 0

Answer:

a) 30,667 per year

b) year 1 : 41,308

  year 2 :  31,878

  year 3 :  18,814

c)

year 1 $65,333.33  

year 2 $21,777.78  

year 3 $4,888.89  

Explanation:

a)

\frac{Adquisition \: Value- \: Salvage \: Value}{useful \: life}= Depreciation \: coplete \: year

(98,000 - 6,000) / 3 = 30,667

b)

\frac{Adquisition \: Value- \: Salvage \: Value}{cost \: driver}= Depreciation \: rate

(98,000-6,000)/ 20,000 = 4.6

year 1  8,980 x 4.6  =  41,308

year 2 6,930 x 4.6  =  31,878

year 3 4,090 x 4.6  =  18,814

c) double declining rate:

2/useful life = 2/3

then we apply this rate to the carrying value

Year  Beginning Dep-Expense Acc. \: Dep Ending

-    - - -                                                  $98,000.00  

1   $98,000.00   $65,333.33   $65,333.33   $32,666.67  

2   $32,666.67   $21,777.78   $87,111.11   $10,888.89  

3   $10,888.89   $4,888.89   $92,000.00   $6,000.00  

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When individuals acquire, process, and act on relevant economic information promptly in their own self-interest and investigate
notsponge [240]

Answer: rational

Explanation:

Rational expectations is a way by which individuals make their decisions based on their past experience, self interest, human rationality and the information that they have.

Therefore, when individuals acquire, process, and act on relevant economic information promptly in their own self-interest and investigate its impact on others, they are said to have rational expectations.

3 0
3 years ago
Silicon Valley in California is the world center for the computer and semiconductor industry and has many of the world's major c
laila [671]

Answer:

The correct answer is D. externalities.

Explanation:

An externality is defined as that situation or group of situations that determine that a service good is not reflected at its real market price. In this example, the computer industry is so close that they do not know for sure the benefits they have when offering their goods, and it becomes an advantage in the sense that due to its close location it is possible to establish agreements to manage prices and not enter into direct market competition.

7 0
3 years ago
On December 31, 2017, Ball Company leased a machine from Cook for a 10-year period, expiring December 30, 2027. Annual payments
puteri [66]

Answer:

Explanation:

A capital lease is a lease arrangement in which the lessor agrees to transfer the ownership of an asset to the lessee at the completion of the lease period. During the leasing contract , the lease is treated like an asset in the company's balance sheet

Lease liability at inception =                             676,000

Annual payment  made on December 2017 =(100,000)

Balance lease liability on 2017                        = 576,000

Lease liability on December 2018

Balance on 2017                                                =576,000

Factor in 10% discount on lease payment

100,000 - (576,000*10%)= 100,000-57,600 =   (42,400)

Balance on lease liability =                                  533,600

The current liability portion =

Factoring in the 10% discount =

100,000 - (533,600*10%) = 100,000 - 53,360 =  46,640

7 0
3 years ago
1. How do new tax laws get passed?
Setler79 [48]

Answer:

<u><em>Procedure to pass new tax laws:</em></u>

1. First, a representative sponsors a bill.

2. The bill is then assigned to a committee for study.

3. If released by the committee, the bill is put on a calendar to be voted on, debated or amended

4. If the bill passes by simple majority (218 of 435), the bill moves to the Senate.

5. After Congress passes the bill,

6. it goes to the president, who can either sign it into law or veto it.

4 0
3 years ago
Flagler Corporation takes eight hours to complete the setup process for a certain electrical component, with the setup cost aver
marshall27 [118]

Answer:

The question is missing the below options:

$0.

$150.

$300.

$900.

$1,200.

The answer to the question is $300

Explanation:

In determining the amount of non-value adding cost,Flagler number of hours used in setup process is compared to that of its competitor.As a result of comparison, it came to light that Flagler used two more hours in setup process.

The extra hours do not necessarily make Flagler better,instead it makes worse off, as extra $300(2hrs*$150) would have to be incurred without any benefits derived.

This extra costs that do not make the organization better off and  do not add value,so it the non-value adding costs.

(8hrs-6hrs)*$150=$300

3 0
2 years ago
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