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drek231 [11]
3 years ago
6

A machine that cost $400,000 has an estimated residual value of $40,000 and an estimated useful life of four years. The company

uses straight-line depreciation. Calculate its book value at the end of year 3
Business
1 answer:
dybincka [34]3 years ago
6 0

Answer:

Book value at the end of year 3 of the machine: $130,000

Explanation:

The company uses straight-line depreciation method, Depreciation Expense each year is calculated by following formula:

Depreciation Expense = (Cost of machine − Residual Value )/Useful Life = ($400,000-$40,000)/4 = $90,000

At the end of year 3, Accumulated depreciation = $90,000 x 3 = $270,000

Book value of the machine is: the machine's cost minus the machine's accumulated depreciation.

At the end of year 3, Book value of the machine = $400,000 - $270,000 = $130,000

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Answer: The answer is No, because the MB > MC

Explanation:

They are not cleaning up enough because the MB>MC. Therefore, all other options which cut across - Yes, because the MC > MB,

No, because the MB > MC,

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No, because the MC > MB are wrong.

5 0
3 years ago
One major difference between low-income children who participated in the high scope preschool project and those that did not par
Ganezh [65]

One major difference between low-income children who participated in the high-scope preschool project and those that did not participate was that at the age of 27 years, <u>those who practiced were more likely to be married and own their house</u>.

The Perry Preschool project set up the lasting human and economic price of early life schooling and caused the establishment of the HighScope education studies foundation and one of the first early formative years applications in the u.s. intentionally designed to increase faculty fulfillment for preschool.

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The HighScope educational research foundation research strategies for early formative years of education are primarily based on the methods of the 1962 Perry Preschool observation. It was founded in 1970 with the aid of psychologist David Weikart.

Learn more about the Perry Preschool program here brainly.com/question/25630852

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3 0
2 years ago
Alles Company uses a job costing system that applies factory overhead on the basis of direct labor dollars. No job was in proces
Kazeer [188]

Answer:

(a)

For Job G15:

Direct labor = $20,000

Overhead applied = 16,000

Overhead rate = \frac{16,000}{20,000}\times 100

                         = 0.8 × 100

                         = 80%

Overhead applied = Direct labor × 80%

                         = $20,000 × 80%

                         = $16,000

Overhead is applied on direct labor. Hence, rate is 80%.

Overhead for Job B10 = Direct labor × 80%

                                     = $54,000  × 80%

                                     = $43,200

Therefore,

Total overhead applied = $43,200 + 45,750 + 16,000

                                        = $104,950

(b) Hence,

Overapplied overhead for February:

= Total overhead applied - Actual Overhead

= $104,950 - $68,500

= $36,450

4 0
3 years ago
In order to examine the potential success of its 1/3 pound Angus hamburger, McDonald's started offering and promoting the produc
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Answer: Test marketing

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The man aim of the test marketing is that it evaluating the overall sales performance of an specific organization.

According to the given question, the McDonald's is start promoting and also offer the various types of products and examining the success this is known as the test marketing evaluation process.

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8 0
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kirza4 [7]
Use credible sources and never be biased or add opinion to an article meant to be purely factual.
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Read 2 more answers
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