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Zigmanuir [339]
3 years ago
12

On January 1, 2021, a company purchased a machine that cost $500,000 and had a residual value of $50,000. The machine is expecte

d to produce 360,000 units and is estimated to last 10 years. If 25,000 units were produced in 2022 and 35,000 were produced in 2023, what amount of accumulated depreciation is reported at the end of 2022 using the activity-based method (rounded to the nearest whole dollar if necessary)
Business
1 answer:
LUCKY_DIMON [66]3 years ago
3 0

Answer:

Accumulated Depreciation expense for 2022 = $31,250

Explanation:

We know,

Depreciation expense under Unit-of-activity method = [(Cost - Salvage value) ÷ Total production during the useful life] x Usage during a period.

Given,

Purchase price = $500,000

Salvage value = $50,000

Total production during the useful life = 360,000 units

Total production during 2022 = 25,000 units

Therefore, depreciation expense for 2022 = [($500,000 - $50,000) ÷ 360,000 units] × 25,000 units

Depreciation expense = ($450,000 ÷ 360,000 units) × 25,000 units

Depreciation expense = $1.25 × 25,000 units

Accumulated Depreciation expense = $31,250

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svetlana [45]

Answer:

A. $60,000 U

Explanation:

Given that

Budgeted fixed cost = 540,000

Actual fixed cost = 600,000

Recall that,

fixed overhead flexible-budget variance = Actual amount - standard (budgeted) amount

Thus,

Variance = 600,000 - 540,000

= $60,000 Unfavorable

It is unfavorable because the actual cost is higher than the budgeted cost. When actual cost is less than budgeted cost, it is favorable.

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3 years ago
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The immature sucking reflex is the characteristic that may pose a potential nutrition problem in a preterm neonate.

Immature sucking reflex- Th reflex of sucking doesn't start at the 32nd week of pregnancy and is not fully developed till the 36th week. If the baby is born prior to the 36th week, it will not allow the sucking reflex to be fully devloped. The immature sucking reflex will not allow the baby to consume the milk of the mother or the food required for development. Such immaturity of reflex will lead to the nutrition problem because of a lack of sufficient intake.

Later infants may develop various diseases and can be anemia. the infant requires extra care in such a situation, the increase in the flow of milk may help the infact in intake.

To learn more about the preterm neonate please click on the link brainly.com/question/8985665

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The government decides to place a tariff on platinum imports because it determines that mining practices abroad are not as stric
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3 years ago
Describe the current global strategy and provide evidence about how the firm’s resources and competencies support the pressures
oksian1 [2.3K]

Describe the current global strategy and provide evidence about how the firm’s resources and competencies support the pressures regarding costs and local responsiveness. Describe entry modes they have usually used, and whether the modes are appropriate for the given strategy is described below

Explanation:

Global Strategy’ is a shortened term that covers three areas: global, multinational and international strategies. Essentially, these three areas refer to those strategies designed to enable an organisation to achieve its objective of international expansion.

In developing ‘global strategy’, it is useful to distinguish between three forms of international expansion that arise from a company’s resources, capabilities and current international position.

Implications of the three definitions within global strategy:

International strategy: the organisation’s objectives relate primarily to the home market.

Multinational strategy: the organisation is involved in a number of markets beyond its home country. But it needs distinctive strategies for each of these markets because customer demand and, perhaps competition, are different in each country. Importantly, competitive advantage is determined separately for each country.

Global strategy: the organisation treats the world as largely one market and one source of supply with little local variation. Importantly, competitive advantage is developed largely on a global basis.

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3 years ago
Ada signed a simple discount promissory note for $5,500. the discount rate is 12%, and the term of the note is 5 months. what ar
Ivahew [28]
<span>Given that, Promissory note A = 5,500 Discount rate i = 12% i = 12/100 Term n= 5 months we know that, 1 year = 12 months 5 months= 5/12 So we get, A = 5,500 i = 12/100 n= 5/12 To find the ada's proceeds on the loan formula is, Proceeds=A(1+i)^n ........... (1) Put the value of A,i,n in equ (1) Proceeds=5500(1+12/100)^5/12 =5500(1+0.12)^0.417 =5500(1.12)^0.41667 =5500(1.04835) Proceeds=5765.94 Therefore $5765.94 Proceeds on the loan</span>
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3 years ago
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