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Naddika [18.5K]
2 years ago
14

Millco, Inc., acquired a machine that cost $1,200,000 early in 2016. The machine is expected to last for eight years, and its es

timated salvage value at the end of its life is $180,000.
a. Using straight-line depreciation, calculate the depreciation expense to be recognized in the first year of the machine's life and calculate the accumulated depreciation after the fifth year of the machine's life. FIll in boxes

Depreciation expense Accumulated depreciation

b. Using declining-balance depreciation at twice the straight-line rate, calculate the depreciation expense for the third year of the machine's life.

c. What will be the net book value of the machine at the end of its eighth year of use before it is disposed of, under each depreciation method?
Business
1 answer:
Likurg_2 [28]2 years ago
5 0
The answer is C. Or the three one
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12345678901234567890000
Arlecino [84]

Answer:

12345678901234567890000

Explanation:

6 0
3 years ago
When the price of hot dogs decreases, what happens in the market for the complementary good of hot dog buns?.
NikAS [45]
I’m pretty sure it’s that the market for complementary goods increase
7 0
1 year ago
If you stop and take the time to ask yourself if you are being realistic about
mariarad [96]

The correct answer is Overconfidence bias

Explanation:

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6 0
3 years ago
The concept of creating safer and more efficient equipment is called __________.
kvasek [131]

Answer:

The correct answer is Ergonomics.

Explanation:

When a company talks about providing efficient and safe equipment for its employees, they refer to the discipline of ergonomics.

Ergonomics is the one in charge of investigating and collecting data and with the knowledge of different related subjects such as psychology or physiology to find the right designs for people so that they are safe and comfortable, which allows them a better development in the Work and allow them to be efficient.

It is necessary to take into account the differences found in the population from age to cognitive ability to successfully apply ergonomics.

<em>I hope this information can help you.</em>

7 0
3 years ago
Read 2 more answers
In December, Davis Company had the following cost flows: Molding Department Grinding Department Finishing Department Direct mate
slava [35]

Answer:

Required 1 ; Journals

Work In Process : Grinding Department $ 128,000 (debit)

Work In Process : Molding Department $ 128,000  (credit)

<em>Being transfer of costs from Molding to Grinding Department</em>

<em />

Work In Process : Molding Department $ 128,000  (debit)

Work In Process : Grinding Department $ 128,000 (credit)

<em>Being transfer of costs from Grinding to Molding Department</em>

<em />

Finished Goods Account $40,000 (debit)

Work In Process : Finishing Department $40,000 (credit)

<em>Being transfer of costs from Finishing department to finished goods account</em>

Required 2 : Difference

<u>Job Order Costing </u>

Each production is unique and there may be no transfers to and from other departments. The is no inventory from previous processes as this is unique to the job order.

<u>Process Costing (Currently in use)</u>

There are transfers from and to other departments. Production is in sequence. For each departments we may also have inventories

Explanation:

<u>Finishing Department Costs Calculation</u>

Direct materials           $17,200

Direct labor                  $11,600

Applied overhead        $11,200

Total                            $40,000

Difference :

You should be able to see that the Journal entries above depicts a process costing system. Now provide reasons why this system differs from the job-order cost system. See the reasons above.

<em />

8 0
3 years ago
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