Answer:
Cullumber Company
The depreciation expense for machine 2 in 2016 is:
$16,200
Explanation:
a) Data and Calculations:
Machine Acquired Cost Salvage Value Useful Life Depreciation
(in years) Method
1 Jan. 1, 2015 $134,000 $34,000 10 Straight-line
2 July 1, 2016 81,000 11,100 5 Declining-balance
3 Nov. 1, 2016 77,500 8,500 6 Units-of-activity
Total machine hours expected = 34,500
Actual hours of use in the first 3 years were:
2016 730
2017 5,900
2018 7,600
Double-declining method:
Depreciation expense for machine 2 = $16,200 ($81,000 * 40% *6/12)
Since he is working as a tax accountant for Starlight Fashions which is a clothing manufacturer, his salary would be classified as period cost..
<h3>What is
period cost?</h3>
In preparation of financial account, a period cost refers to a cost that cannot be capitalized into prepaid expenses, inventory, fixed assets etc
In conclusion, because works as a tax accountant for the clothing manufacturer, his salary would be classified as period cost.
Read more about period cost
<em>brainly.com/question/24470417</em>
Answer:
With schizophrenia, it had to do with your mental state, with mood disorders, that deals with the way you feel. Schizophrenia is how you think and how your mental state is.
Hopes this helps
Answer:
Explanation:
Explicit costs are the ones that exist because there is an exchange of cash and are recorded in accounting calculations. The implicit costs are the ones that are not an exchange of cash and are not recorded in accounting calculations. The implicit costs are associated with the opportunity costs. The opportunity costs are the costs that someone have when they decide to do something and not doing another thing. In this case, Madeline decided to stop working for making her own business.
The opportunity costs or implicit costs are:
- The salary that Madeline could have earned
- The interest that could have been earned on Madeline's savings
The explicit costs are:
- The cost of inventory
-The cost of additional labor
-The cost of the building rent
