Nationally what two factors caused the bubble in the real estate market

A company purchased a weaving machine for $190,000. The machine has a useful life of 8 years and a residual value of $10,000. It

pav-90 [236]

Answer:

The answer is option (B), accumulated depreciation at end of the second year=36,000+45,600=$81,600

Explanation:

Determine the depreciable cost using the formula below;

depreciable cost=acquisition cost-residual value

where;

acquisition cost=$190,000

residual value=$10,000

replacing;

depreciable cost=190,000-10,000=$180,000

depreciable cost=$180,000

Determine the cost per unit as follows;

depreciable cost=cost per bolt×number of bolts produced

where;

depreciable cost=$180,000

cost per bolt=c

number of bolts produced=75,000 bolts

replacing;

180,000=c×75,000

75,000 c=180,000

c=180,000/75,000=2.4

The cost per bolt=$2.4

annual depreciation for the first year=(2.4×15,000)=$36,000

annual depreciation for the second year=(2.4×19,000)=$45,600

accumulated depreciation at end of the second year=36,000+45,600=$81,600

3 0

3 years ago

Culver Company has the following securities in its portfolio on December 31, 2017. None of these investments are accounted for u

SIZIF [17.4K]

Answer:

unrealized loss (OCI) 500 debit

trading securities- wallace 5,200 debit

trading securities gordon 4.200 credit

trading securities - martin 1,600 credit

cash 66,300 debit

loss on investment 6,900 debit

trading securities - gordon 73,200 credit

--to record sale of gordon securties --

trading securities earnhart corp 53,800 debit

cash 53,800 credit

--to record purchase of earnhart--

unrelized loss(OCI) 7,100 debit

trading securities earnhart corp 3,700 credit

trading securities- wallace 3,400 credit

-- 2018 year-end adjustment--

Explanation:

gordon 77,600 - 73,200 = (4,100)

wallace 172,900 - 167,700 = 5,200

martin 63,500 - 65,100 = (1,600)

Total adjustment (500)

We will declare as other comprehensive incoem the unrealized loss of 500 dollar for the period

At sale date we compare the proceeds and the cost to check for the earning or losses:

1,500 shares x $45 each less 1,200 fees = 66,300

gordon shares book value (73,200)

loss on investment 6,900

Earnhart corp:

700 shares x $75 each plus 1,300 fees: 53,800

year-end adjusting 2018

earnhart 50,100 - 53,800 = (3,700)

wallace 61,700 - 65,100 = (3,400)

martin 167,700 - 167,700 = 0

unrealized loss (7,1 00)

3 0

3 years ago

Complete the following sentences:

Umnica [9.8K]

First A: customer, answer would be c.
Second A: would be A.

7 0

3 years ago

WGU manufacturing receives an order for 2000 laptops. Karl, the production planner, realizes the company has no planned orders a

timofeeve [1]

Answer:

500

Explanation:

The computation of the MPS reflect for the number of laptops to be produced is shown below:

since it is mentioned in the question that there is a minimum of 1,000 laptop is on hand so here 500 should from inventory.

Therefore 500 should be produced for filling the order

Hence, the same is to be considered

Therefore the number of laptops to be produced is 500

5 0

3 years ago

Suppose a firm's tax rate is 35 %. a. What effect would a $ 9.97 million operating expense have on this year's earnings? What

Zepler [3.9K]

Answer:

Dnndjdndjdj

Explanation:

4 0

3 years ago