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3 years ago

Companies can depreciate equipment in which of the following ways?

Business

2 answers:

finlep [7]3 years ago

7 0

Answer: asset cost, salvage value, useful life, and obsolescence.

Explanation: Any method may be adopted by companies

grigory [225]3 years ago

4 0

Answer:

Depreciation is the method of accounting used to allocate the cost of a tangible asset over its useful life and is used to account for declines in value is called depreciation. A long-term asset is depreciated for tax and accounting purposes. Depreciation is an accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy. Depreciation represents how much of an asset's value has been used up.

Depreciation can me measured in the following ways: Straight line method, Diminishing method, Sum of the year digit method, and others

Explanation:

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Aaron Lynch Company has the following balances in selected accounts on December 31, 2020.

Lubov Fominskaja [6]

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3 years ago

In preschool one day, 5 children decided to help each other build a fort with the items that were available to them. each child

Marina CMI [18]

This is an example of associative play.
It means that the children are in the same location, but not necessarily close to each other or playing together. Each of these kids has their own plan and agenda of how to bring the plan to fruition, and they are not really cooperating in order to build the fort.

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3 years ago

Cannonier, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $ 1,040 2 1,270 3 1,490 4

Zolol [24]

Answer:

Total FV= $7,313.7

Explanation:

Giving the following information:

Year Cash Flow 1 $ 1,040 2 1,270 3 1,490 4 2,230

Discount rate= 9% = 0.09

<u>To calculate the future value, we need to use the following formula on each cash flow</u>:

FV= Cf*(1+i)^n

FV1= 1,040*(1.09^4)= 1,468.04

FV2= 1,270*(1.09^3)= 1.644.69

FV3= 1,490*(1.09^2)= 1,770.27

FV4= 2,230*1.09= 2,430.7

Total FV= $7,313.7

4 0

3 years ago

Bell Company, a manufacturer of audio systems, started its production in October 2017. For the preceding 3 years, Bell had been

LekaFEV [45]

Answer:

variable cost per unit 150 dollars

Explanation:

As we aren't provided with a volume. We calculate considering variable costying system which onyl count variable cost as cost of goods manufactured:

raw material $ 75 per unit

labor 5 hours x 14 per hour = $ 70 per unit

variable ovehread $ 5 per unit

Variable cost per unit $ 150 per unit

the fixed overhead cost

5,110 + 3,730 + 1,550 + 6,600 + 8,760 = 25,750

will be considered cost of the period under variable costing

8 0

3 years ago

You want to accumulate $1 million by your retirement date, which is 25 years from now. You will make 25 deposits in your bank, w

Rom4ik [11]

Answer:

First deposit will be $11,213.87

Explanation:

To derive how much the first deposit must be, the deposit can be derived by using payment formula for growing annuity

P = FV x (r - g) / [(1 + r)^n - (1 + g)^n]

When FV = $1,000,000

r = 7%

g = 3%

n = 25

Hence, First payment will be:

P = 1,000,000 * (7% - 3%) / (1.07^25 - 1.03^25)

P = 1,000,000 * 4% / 5.427433 - 2.093778

P = 40,000 / 3.333655

P = 11998.842

P = $11,998.84

However, this formula is applicable when the payments are made at the end of the year. In this case the payments are upfront, occurring today. We need to adjust this first payment to reflect the early payment.

Hence, first payment = $11,998.84 / (1 + 7%)

First payment = $11,998.84 / (1 + 0.07)

First payment = $11,998.84 / 1.07

First payment = 11213.8691588785

First payment = $11,213.87

7 0

3 years ago