The monthly depreciation will be $8000.
In accountancy, depreciation refers to two components of the equal idea: first, the real lower of fair fee of an asset, which include the lower in value of manufacturing unit gadget each year as it's far used .
Depreciation is used on a profits declaration for almost every enterprise. it is indexed as a cost, and so should be used every time an object is calculated for year-end tax purposes or to determine the validity of the item for liquidation purposes.
Annual depreciation is not taken into consideration as an asset because assets constitute something in order to produce financial cost to the organization during the last. And accumulated depreciation does now not produce the enterprise's financial fee as amassed depreciation itself shows the credit score stability.
Annual depreciation as per straight line method = ( 104,000 - $8,000) /10
Annual depreciation as per straight - line method = $96,000/10
Annual depreciation as per straight line method = $9600
∴ monthly depreciation as per straight line = $96000 * 1/12
= $8000
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Answer:
$1.45
Explanation:
Data provided in the question
Variable cost per component = $1.45
Full cost = $1.91
Selling price per component = $4.95
By considering the above information, the lowest price that would be accepted for the component is equal to the variable cost per unit i.e $1.91 and plus the full cost includes both the variable and fixed cost plus the fixed cost would be recovered by normal sale also
So in this case we only considered the variable cost per component
The answer for this question is: Intangible resource
Intangible resource is a type of resource owned by a company that cannot be measured by number and do not have physical form.
Another example for an intangible resource is: employee's loyalty, Human Development within the company, employee's motivation, etc.
Answer: $246,000
Explanation:
Merchandise costing $20,000 had been omitted from the Ending Inventory.
Ending inventory is deducted from Cost of Goods sold which means that the Cost of Goods sold was overstated by $20,000.
Cost of Goods sold are subtracted from sales to find Gross Income so if it was overstated then Income was understated by $20,000.
Accrued Revenue is to be added to Income so if it was omitted then income was understated by $50,000.
Income in total was therefore understated by = 20,000 + 50,000
= $70,000
The correcting entry is net of tax so;
= 70,000 * ( 1 - 20%)
= $56,000
Retained earnings will therefore be;
= 190,000 + 56,000
= $246,000
