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svetlana [45]
3 years ago
11

Bonita Industries has estimated that total depreciation expense for the year ending December 31, 2018 will amount to $583000, an

d that 2018 year-end bonuses to employees will total $1290000. In Bonita's interim income statement for the six months ended June 30, 2018, what is the total amount of expense relating to these two items that should be reported?
Business
1 answer:
Mice21 [21]3 years ago
7 0

Answer:

<u><em>Total expenses 936,500</em></u>

depreciation 291,500

wages expense 645,000

Explanation:

Assuming the depreciation are calculate base on straight line or that their output is lineal through the year:

It will be half of the depreciation for the year.

583,000 / 2 =  291,500 depreciation expense for six-month

For the year-end bonused It wll be the same ideal, we assume are earned equally during the year. So at half year half of the bonuses should be earned:

wages expense 1,290,000/2 = 645,000

<u>Total expenses 936,500</u>

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List of cross-cutting issues​
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Bering Rock acquires a granite quarry at a cost of $590,000, which is estimated to contain 200,000 tons of granite and is expect
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Answer:

$112,100

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The depletion expense for the year is the tons of granite removed in the year divided by the total expected granite removable multiplied by the cost of acquiring the granite quarry of $590,000.

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