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Basile [38]
3 years ago
6

On January 1, 2016, Woodstock, Inc. purchased a machine costing $40,000. Woodstock also paid $1,000 for transportation and insta

llation. The expected useful life of the machine is 6 years and the residual value is $5,000.How much is the annual depreciation expense assuming use of the straight-line depreciation method?A. $6,100.B. $6,000.C. $5,950.D. $5,750.
Business
1 answer:
VikaD [51]3 years ago
8 0

Answer:

B. $6,000

Explanation:

The computation of the annual depreciation expense under the straight-line method is shown below:

= (Original cost - residual value) ÷ (useful life)  

= ($41,000 - $5,000) ÷ (6 years)  

= ($36,000) ÷ (6 years)  

= $6,000

The original cost is computed below:

= Purchase value + transportation and installation cost

= $40,000 + $1,000

= $41,000

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Raven Company has a target of earning $71,900 pre-tax income. The contribution margin ratio is 25%. What amount of dollar sales
VMariaS [17]

The number of dollar sales to be achieved to reach the goal is $287,600

<h3>What is a dollar?</h3>
  • The official money of the United States of America is the USD (United States dollar).
  • One hundred cents make up one dollar, often known as the U.S. dollar. It is distinguished from other currencies based on the dollar by the symbol $ or US$.
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We have the following details:

Fixed Cost = $ 39,800

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Hence

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We use then the following formula:

Contribution Margin ratio = Contribution Margin/Sales

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Sales = $287,600.

The number of dollar sales to be achieved to reach the goal is $287,600

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Dashboards can be presented at all the following levels EXCEPT Group of answer choices the visual dashboard level. the static re
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<h3>What are  Dashboards?</h3>

Dashboard serves as the panel in a system that consist of containing instruments as well as the control.

Dashboards can be presented :

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3 0
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Which job role involves designing user interfaces to carry out difficult tasks?
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User interfaces generally represents a medium through which users and computer interact via the use of input devices and software.

The correct option is E.

3 0
3 years ago
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