Sometimes it is better to leave a task and come back later if you do not feel like doing it at the time

Machinery was purchased for $460000 on January 1, 2022. Freight charges amounted to $15000 and there was a cost of $34000 for bu

Andrews [41]

Answer:

The amount of accumulated depreciation at December 31, 2023 = $88,800.

Explanation:

Determining the actual acquisition cost.

The actual acquisition cost = Purchase value + freight charges + Installation costs.

The actual acquisition cost = 460,000 + 15,000 + 34,000.

The actual acquisition cost = $509,000.

Determining the depreciable cost.

The depreciable cost = acquisition cost - Salvage value.

The depreciable cost = 509,000 - 65000.

The depreciable cost = $444,000.

Determining annual depreciation expense.

Annual depreciation expense = depreciable cost / number of years.

Annual depreciation expense = 444,000 / 10.

Annual depreciation expense = 44,400.

Determining the accumulated depreciation .

The accumulated depreciation = annual depreciation expense × number of years.

The accumulated depreciation = 44,400 × 2.

The amount of accumulated depreciation at December 31, 2023 = $88,800.

6 0

3 years ago

Materials purchased on account during the month amounted to $190,000. Materials requisitioned and placed in production totaled $

svetoff [14.1K]

The entry to record the transaction for materials requisitioned by the production department is to

Debit WIP $156,000

Credit Materials $156,000

Organization accountants should account for direct and indirect materials one after the other. The magazine entry for direct substances, this is, substances that can be without delay traced to merchandise, is a debit to the paintings in technique and a credit to the raw materials inventory accounts.

To file materials used in manufacturing, a debit for the value of raw substances is made to the WIP inventory account and a credit score is made to the raw substances account. Exertion fees are spilt between direct and indirect labor.

Learn more about transactions here brainly.com/question/1016861

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5 0

1 year ago

You recently were hired as a front line debt collection agent for a debt collection service in Michigan. Your boss assigns you t

____ [38]

Answer:

need

Explanation:

3 0

3 years ago

Suzi owns 100 shares of AB stock. She expects to receive a $238 in dividends next year. She also expects the stock to sell for $

lesya692 [45]

Answer: $42.63

Explanation:

To calculate this we will add the present value of Future cash flows (dividends) to the present value of the stock.

Dividend per share one year from now is,

= 238/100

= $2.38

Stock Price a year from now = $46

Discount rate is $13.5%

PV of sum = 2.38/(1+0.135) + 46/ (1 + 0.135)

= 42.6255506608

= 42.63

$42.63 is the Intrinsic value of the stock.

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8 0

3 years ago

Which of the following is/are true?

Hatshy [7]

Answer:

If the pure expectations theory is correct, a downward-sloping yield curve indicates that interest rates are expected to decline in the future.

Explanation:

The three theories based on term structure of interest rates includes:

1. Pure Expectation Theory

2. Liquidity Premium Theory

3.Segmented Markets Theory

In Pure Expectations Theory, the term structure shown in the shape of the yield curve is gotten solely by the expectations of interest rates.

According to pure expectations theory, the yield curve has an Upward sloping, if there is an expected increase in rates and expected decrease in rates leads to a downward sloping.

8 0

2 years ago