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boyakko [2]
3 years ago
13

Swifty Company constructed a building at a cost of $2,266,000 and occupied it beginning in January 2001. It was estimated at tha

t time that its life would be 40 years, with no salvage value.
In January 2021, a new roof was installed at a cost of $309,000, and it was estimated then that the building would have a useful life of 25 years from that date. The cost of the old roof was $164,800.
1. What amount of depreciation should have been charged annually from the years 2001 to 2020? (Assume straight-line depreciation.)
Business
1 answer:
statuscvo [17]3 years ago
7 0

Answer:

$56,650

Explanation:

Depreciation: The depreciation is an expense that shows a reduction in the value of the fixed assets due to tear and wear, obsolesce, usage, time period, etc. It is shown on the debit side of the income statement. It is a non-cash item that does not affect the cash balance.

The computation of the depreciation expense under the straight line method is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($2,266,000 - $0) ÷ (40 years)

= ($2,266,000) ÷ (40 years)  

= $56,650

In this method, the depreciation is same for all the remaining useful life

All other information which is given is not relevant. Hence, ignored it

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Mitch is the owner of GameOn, a popular sports bar. He personally trains his servers and then gives them autonomy to make on-the
Elan Coil [88]

Answer:

Mitch is the owner of GameOn, a popular sports bar. He personally trains his servers and then gives them autonomy to make on-the-spot decisions to resolve any customer complaints and issues. This is a form of _____.

a. flexibility

b. assurance

c. empowerment

d. service guarantee

The answer is C. Empowerment

Explanation:

Empowerment is the process of giving authority or power to an individual to carry out an action.  

Mitch training and  giving his serves autonomy to resolve any customer complaint  and issues is a form of empowerment. It goes to show that he has a level of trust in their ability to make decision and respond appropriately to the issues they might face when attending to customers.    

8 0
2 years ago
It costs a company $30,000 to produce 600 heart rate monitors. The company’s cost will be $30,070 if it produces an additional h
aleksandrvk [35]

Answer: The the minimum price that would induce this company to produce the 601st heart rate monitor is <u>$70</u>.

Explanation: The marginal cost of producing one more unit is equal to 30070 - 30000 = 70.

A company produces to the point where the price is equal to the marginal cost. In other words, the cost of producing one more unit does not exceed the benefit to be obtained from the sale of one more unit.

4 0
3 years ago
1.What similarities do you see in current-day medicine and medicine in ancient 2.times? What differences do you see in current-d
tatyana61 [14]
There aren't very many similarities in modern and ancient medicine, however one othe similarities would be acupuncture. We still use acupunture today" as the ancient Chinese did thousands of years ago.
8 0
3 years ago
I’ll pay somebody 50$ if somebody do this now.
laila [671]

Answer:

I can help if you want..

Explanation: So did someone already do this for you or something? If not I can do it. I just want to know if someone answered the question or you just did it. Please lmk.

3 0
3 years ago
Kearney Inc. has a factory with the following characteristics: direct labor of $82056, direct materials of $52432 fixed overhead
frutty [35]

Answer:

The amount of cost from Pool A that is allocated to LQ6 is $7,802.

Explanation:

Since Pool A includes all variable overhead and uses direct labor as the allocation base, we can obtain the following from the question:

Direct labor = $82,056

Variable overhead = $146,362

Number of labor hours used by LQ6 = 162

Factory's labor costs per hour = $27

Therefore, we have:

Factory's labor cost of LQ6 = Number of labor hours used by LQ6 * Factory's labor costs per hour = 162 * $27 = $4,374

Variable over allocated to LQ6 from Pool A = (Factory's labor cost of LQ6 / Direct labor) * Variable overhead = ($4,374 / $82,056) * $146,362 = $7,801.83518572682

Rounding to whole number of $ as required, we have:

Variable over allocated to LQ6 from Pool A = $7,802

Therefore, the amount of cost from Pool A that is allocated to LQ6 is $7,802.

4 0
3 years ago
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