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Firlakuza [10]
3 years ago
14

Copy equipment was acquired at the beginning of the year at a cost of $25,500 that has an estimated residual value of $2,300 and

an estimated useful life of 5 years. It is estimated that the machine will output an estimated 1,160,000 copies. This year, 221,000 copies were made.
A. Determine the depreciable cost.
B. Determine the depreciation rate $ per copy
C. Determine the units-of-output depiction for the year.
Business
1 answer:
nalin [4]3 years ago
3 0

Answer:

(A) $23,200

(B) $0.02 per copy

(C) $4,420

Explanation:

Given that,

Cost of equipment = $25,500

Estimated residual value = $2,300

Estimated useful life = 5 years

Estimated Output = 1,160,000 copies

Copies made this year = 221,000

Depreciation refers to the reduction in the value of fixed assets with the passage of time.

(A) The depreciable cost is determined by subtracting the residual value from the cost of acquiring copying equipment.

Depreciable cost:

= Cost of equipment - Estimated residual value

= $25,500 - $2,300

= $23,200

(B) Depreciation rate is calculated by dividing the depreciable cost by the estimated output.

Depreciation rate:

= Depreciable cost ÷ Estimated output

= $23,200 ÷ 1,160,000

= $0.02 per copy

(C) Units-of-output depreciation for the year is calculated by multiplying the depreciation rate with the number of copies made this year.

Units of output depreciation for the year:

= Depreciation rate × Copies made this year

= $0.02 per copy × 221,000

= $4,420

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Answer:

0.038 units per $ of factor costs

Explanation:

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Multi factor productivity is expressed as;

Multi factor productivity = Output/Total Factor cost

Multi factor productivity = 40 units/$1050 = 0.038 units per $ of factor cost

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8 0
3 years ago
Richland’s real GDP per person is $10,000, and Poorland’s real GDP per person is $5,000. However, Richland’s real GDP per person
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Answer:

It will take approximately 36 Years to Poorland to catch up to Richland.

Explanation:

Given data:

The GDP increase in Poorland per year = 1 %

The GDP increase in Richland per year = 3 %

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Step 1: For Richland:

The formula for calculating the per year GDP increase for Richland is:

GDP = 10,000 + (10,000 x (1/100)) ---- (1)

GDP for first Year = 10,100$

GDP for second Year = 10,201 $

Similarly using the formula (1) we calculated the values for 10 and 20 years

GDP for 10th Year = 11046.2$

GDP for 20th Year = 12201.9$

Step 2: For Poorland:

The formula for calculating the per year GDP increase for Poorland is:

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GDP for 20th Year = 9030.6$

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By calculating values using the above formulas, we have found that for 38th year, Poorland will catch upto Richland and will have more GDP.

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Answer:

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3 years ago
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Answer:

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To take out the equivalent cost per unit under the FIFO method we will add the units which were completed in the beginning plus units which were started and completed during the period and plus the units which are left in ending work in progress.

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