Answer:
Depreciation expense for Year 6 is 20000
Accumulated depreciation at the end of year 6 is 120000
Book value at the end of year 6 is 205000
Explanation:
The straight line method of depreciation charges a constant depreciation expense per year through out the useful life of the asset. The formula for straight line depreciation per year is,
Depreciation expense per year = (Cost - Salvage Value) / Estimated useful life
So, the depreciation expense per year on this asset under straight line method is,
Depreciation expense per year = (325000 - 25000) / 15
Depreciation expense per year = $20000
- So, the depreciation expense for year 6 is $20000
The accumulated depreciation is calculated by adding the depreciation expenses for each year till date. The accumulated depreciation at the end of Year 6 is,
- Accumulated depreciation = 20000 * 6 = $120000
The book value is calculated by deducting the accumulated depreciation from the cost of the asset. The book value at the end of year 6 is,
- Book value = 325000 - 120000 = $205000
Tim should be in governance.
Suzette should be in planning
The answer to the blank space is etiquette and manners.
When a salesperson receives training to enhance their etiquette and manners, it would help with their self-confidence when meeting potential clients or customers. It would also help them in establishing a good relationship with these individuals, since people are more receptive to people with good manners.
A savings account you can redraw from, while a certificate of deposite has to be left alone for a certain while, and it ussually gains more interest.
Answer:
Unit product cost= $95
Explanation:
Giving the following information:
Direct materials $30 per unit
Direct labor $45 per unit
Variable manufacturing overhead $20 per unit
<u>Under the variable costing method, the unit product cost is calculated using the direct material, direct labor, and variable manufacturing overhead:</u>
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Unit product cost= 30 + 45 + 20= $95
