1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
adell [148]
3 years ago
5

Rottino Company purchased a new machine on October 1, 2020, at a cost of $150,000. The company estimated that the machine will h

ave a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5-year life.
Compute the depreciation expense under the following methods for the year indicated.
(a) Straight-line for 2020.
(b) Units-of-activity for 2020, assuming machine usage was 1,700 hours.
(c) Declining -balance using double the straight-line rate for 2020 and 2021.
Business
1 answer:
Amanda [17]3 years ago
5 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Purchasing cost= $150,000.

The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5-year life.

1) Straight-line:

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

Annual depreciation= (150,000 - 12,000)/5= 27,600

<u>2020:</u>

Annual depreciation= (27,600/365)*92 days= $6,956.71

2) Units of activity:

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

Annual depreciation= [(150,000 - 12,000)/10,000]*1.700= $23,460

3) Double-declining balance:

Annual depreciation= 2*[(book value)/estimated life (years)]

Annual depreciation= 2*27,600= 55,200

<u>2020:</u>

Annual depreciation= 55,200/365*92= 13,913.42

<u>2021:</u>

Annual depreciation= [138,000 - 13,913.42)/5]*2= 49,634.63

You might be interested in
Can I Plss get some help on this
Verdich [7]

Based on the inflation rate and the fact that it is rising, the right recommendation would be to A. raise the reserve ratio.

<h3 /><h3>How can you decrease inflation?</h3>

Inflation can be reduced when the reserve ratio is raised because it will reduce the amount of money that banks have to loan out.

This means that there will be less money in the economy which will reduce inflation because less money means less demand for goods and services.

Find out more on effects of inflation at brainly.com/question/27889691.

#SPJ1

3 0
1 year ago
A project consists of three activities: A, B, and C. Activities A and B can begin at time 0 (start of the project), but activity
Eva8 [605]

Answer:

Explanation:

Run A Duration B Duration C Duration 1 51 48 17 2 60 48 19 3 30 39 19 4 31 48 22 5 30 31 14 6 41 16 17 7 44 12 6 8 44 12 10 9 45 43 9 10 60 41 10 Based on the simulated numbers given above, what is the average completion time of the whole project?

Since B is the predecessor of C.

Project completion time for each run will be calculated as Maximum (Duration of A, Duration of B +Duration of C).

Represent

Run = R

Duration of A  = DA

Duration of B  = DB

Duration of C = DC

Project Completion time = PT

<u>R       DA          DB                        DC               PT</u>

1       51            48                        17             48 + 17 = 65

2      60          48                        19             48 + 19 = 67  

4      31           48                       22              48 + 22 = 70

5      30         31                         14              31 + 14 = 45

6      41           16                       17                 41

7     44            12                       6                 44

8     44            12                      10                44

9     45           43                     9              43 + 9 = 52

10     60          41                     10                60

                                                                <u> Total = 546</u>

Total Project completion time in 10 Stimulations = 546

Average project Completion time = 546/10 = 54.6

Therefore, average Project completion time is between 53 and 56 days.

5 0
3 years ago
The Up and Coming Corporation's common stock has a beta of 0.92. If the risk-free rate is 0.01 and the expected return on the ma
SIZIF [17.4K]

Answer:

The company's cost of equity capital is 0.056

Explanation:

cost of equity capital

= risk free rate + beta*(expected return on market - risk free rate)

= 0.01 + 0.92*(0.06 - 0.01)

= 0.056

Therefore, The company's cost of equity capital is 0.056

3 0
3 years ago
Mike just looked at his spending from last month and discovered he spent $120 buying movies. Mike knows that $120 is a lot of mo
navik [9.2K]

Answer:

B

Explanation:

4 0
3 years ago
Read 2 more answers
Adam has a monthly income of $20 that can be spent on books (B) and pencils (P). The price of a book is $5 and the price of a pe
Brut [27]

Answer:

A. 2 books and 20 pencils

Explanation:

2 x5$= 10$

20x 0.50$= 10$

10$+10$=20$

4 0
3 years ago
Other questions:
  • Perpetuities are also called annuities with an extended or unlimited life. Based on your understanding of perpetuities, answer t
    9·2 answers
  • In a leveraged buyout, the managers of a firm, its employees, or other investors: obtain the assets of the company through bankr
    8·1 answer
  • Workplace harassment protects only a isn’t harassment that is physical in nature?
    8·1 answer
  • Scenario: Over the last several months, there has been a rapid increase in the number of loans that banks have provided for mort
    14·2 answers
  • David, a sales representative, earns an extra $1000 every time he is able to sell $10,000 worth of merchandise in a week. In the
    12·2 answers
  • The best type of resume to submit when changing careers is a__________ resume.
    5·1 answer
  • The material cost per equivalent unit using the weighted average costing method is calculated as a.total material costs to accou
    9·1 answer
  • Which of these situations are more likely to happen in a GOOD economy?
    6·1 answer
  • HELP: Due tomorrow at 10am! Fill in the blanks (Economics)
    10·2 answers
  • What was one benefit of the transcontinental railroad? it made cross-country travel times longer. it ended many risks of traveli
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!