Which principle of design indicates that the elements that represent the same idea or category should be placed together?

On January 1, 2020, Walker Inc. acquired equipment for $56,000. The expected useful life is 10 years and the residual value is $

Gnoma [55]

Answer:

$5488

$11,200

$9978.18

$4939.20

Explanation:

A. Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($56,000 - $1120) / 10 = $5488

Depreciation expense for each year of the useful life would be $5488

B. Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life)

Depreciation factor = 2 x (1/10) = 1/5

1/5 x $56,000 = $11,200

C. Sum-of-the-year digits = (remaining useful life / sum of the years ) x (Cost of asset - Salvage value)

Sum of the years = 1 +2 +3 +4 + 5 + 6 + 7 + 8 + 9 + 10 = 55

Undepreciated life of the asset = 10

10/ 55 x ($56,000 - $1120) = $9,978.18

D. (hours used in year 1 / total number of hours of the machine) x (Cost of asset - Salvage value)

(1260 / 14,000) x ($56,000 - $1120) = $4939.20

3 0

3 years ago

Managers at Flavors, a restaurant chain, train their employees such that in the absence of employees, someone trained in the sam

harkovskaia [24]

Answer: Job Rotation

Explanation:

Job rotation is referred to as a technique or method that used is by employers in order to rotate jobs assigned to their employees'. Employers tend to practice this method or technique for several no. of reasons. This was designed in order to promote the flexibility of the employees and thus keeping their employees interested in being employed with this organization.

3 0

3 years ago

Which of the following statement is correct?

Mice21 [21]

Answer:

C. A typical industrial company's balance sheet lists the firm's assets that will be converted to cash first, and then goes on down to list the firm's longest lived assets last.

6 0

3 years ago

During the third quarter of this year a firm produces consumer goods and adds some of those goods to its inventory. During the f

MatroZZZ [7]

Answer:

The correct answer is B. They increase consumption and decrease investment.

Explanation:

It should be taken into account that in the fourth quarter of the year the company did not produce any type of consumer goods, it only did so in the third quarter and subsequently sold them. For this reason there was an increase in consumption when acquired by consumers, and the investment decreased because they were goods produced in another period.

4 0

3 years ago

The automobile industry was uniquely suited to the mass production of

insens350 [35]

Answer:

Military equipment.

Explanation:

American industry during wars required enough of industrial power to outstand other countries. To do this, the automobile industry was specifically equipped with raw materials to manufacture war vehicles such as tanks, jeeps, and trucks. Thus, this industry was uniquely suited to the mass production of 'Military Equipment'.

6 0

4 years ago