Answer:
$14,832
Explanation:
Depreciation charge = 2 x SLDP x BVSLDP
where,
SLDP = 100 ÷ useful life = 20 %
and
BVSLDP = Cost or Net Book Value
therefore,
1st year
Depreciation charge = 2 x 20 % x $61,800 = $24,720
2nd year
Depreciation charge = 2 x 20 % x ($61,800 - $24,720) = $14,832
conclusion
the amount of depreciation for the second full year is $14,832
Answer:
The correct answer to the following question is option D) Excess return.
Explanation:
The rate of return can be defined as the gain or loss( net) that a company or business gets on the investment over a defined period of time. Where for taking out the rate of return , the formula which can be used is -
Current value - Initial value / Initial value x 100
The rate of return helps in evaluating what is the investment growth rate of a company on a year to year basis and what are changes in revenues that have occurred.
When two security's have similar risk and if one security has higher return than other , then the difference between them would be called excess return.
Answer:
$2575
Explanation:
Total variable overhead estimated=(6*31,500)= $189,000
Hence total overhead estimated=Total variable overhead estimated+Total fixed overhead estimated = $189,000 + $220,500 = $409,500
Hence, predetermined overhead rate = $409,500 / 31,500 = $13 per machine hour
Hence, total overhead applied=(13*400) = $520
Hence, total job cost=Direct material+Direct labor+Total overhead = $685 + $1,370 + $520 = $2575
Answer:
Minimum amount of Robert's salary that he must include in gross income this year = $113892
Explanation:
Minimum amount of Robert's salary that he must include in gross income this year = [9200 x 12 x 306/365] + [11000 x 12 x 59/365] = $113892
Answer:
$7000
$7000
b. 15,000
7500
6160
8400
Explanation:
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
(30,000 -- 20,000) / 4 = 7,000
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life)
2/4 x 30,000 = $15,000
2022 = 2/4 x (30,000 - 15,000) = 7500
Activity method based on hours worked = (hours worked that year / total hours of the machine) x (Cost of asset - Salvage value)
