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-BARSIC- [3]
3 years ago
10

A factory machine was purchased for $393000 on January 1, 2018. It was estimated that it would have a $74000 salvage value at th

e end of its 5-year useful life. It was also estimated that the machine would be run 30000 hours in the 5 years. The company ran the machine for 3900 actual hours in 2018.
Required:
1. If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2018 would be ________.
A) $51090.
B) $41470.
C) $82940.
D) $74000.
Business
1 answer:
sweet [91]3 years ago
5 0

Answer:

Annual depreciation= $41,470

Explanation:

Giving the following information:

Purchasing price= $393,000

Salvage value= $74,000

The machine would be run 30000 hours in the 5 years. The company ran the machine for 3900 actual hours in 2018.

To calculate the depreciation expense using the units of activity method, we need to use the following formula on each year:

Annual depreciation= [(original cost - salvage value)/useful life of production in hours]*hours operated

Annual depreciation= [(393,000 - 74,000)/30,000]*3,900

Annual depreciation= $41,470

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Equipment was acquired on January 1, 2021, for $33,000 with an estimated four-year life and $2,000 residual value. The company u
Lostsunrise [7]

Answer:

Gain= $850

Explanation:

Giving the following information:

Purchase price= $33,000

Useful life= 4 years

Residual value= $2,000

Sale= $10,600.

<u>First, we need to calculate the annual depreciation:</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (33,000 - 2,000)/4= $7,750

<u>Now, we can calculate the accumulated depreciation:</u>

Accumulated depreciation= 7,750*3= $23,250

<u>To calculate the gain or loss, we need to use the following formula:</u>

Gain/loss= selling price - book value

Book value= purchase price - accumulated depreciation

Book value= 33,000 - 23,250= $9,750

Gain/loss= 10,600 - 9,750

Gain= $850

4 0
3 years ago
6. If two portfolios are well-diversified with a risk-free rate of 3.11% and the S&amp;P market return for the past year has bee
SSSSS [86.1K]

Answer:

Answer 1---- D. none of the above

Answer 2---- B. the project will delay by one day

Explanation:

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4 0
3 years ago
Dividing a diverse market into groups of customers who share similar traits or characteristics is the process known as:
victus00 [196]

Answer:

Market segmentation

Explanation:

Market segmentation is the process of dividing a market of potential customers into groups, or segments, based on different characteristics. The segments created are composed of consumers who will respond similarly to marketing strategies and who share traits such as similar interests, needs, or locations. A market segment is a group of people who share one or more common characteristics, lumped together for marketing purposes.

5 0
3 years ago
Blazer Sports Store is preparing to pay its quarterly dividend of $7.75 a share this quarter. The stock closed at $105.64 a shar
Lana71 [14]

Answer:

$99.3625

Explanation:

The computation of ex-dividend stock price is shown below:-

Ex-dividend stock price = Stock closing price - Stock dividend × (1 - tax rate)

= $105.64 - $7.75 × (1 - 19%)

= $105.64 - $7.75 × 0.81

= $105.64 - 6.2775

= $99.3625

Therefore for computing the ex-dividend stock price we simply applied the above formula.

3 0
3 years ago
Nothing can stay the same
alexandr402 [8]

Answer:

:-) -,-

Explanation:

thanks thanks appreciate it

6 0
3 years ago
Read 2 more answers
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