1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aalyn [17]
3 years ago
5

Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000. The machine's useful life is

estimated to be 5 years, or 300,000 units of product, with a $15,000 salvage value. During its first year, the machine produces 64,500 units of product. Determine the machines' first year depreciation under the straight-line method.
A) $27,000.
B) $29,025.
C) $25,800.
D) $23,779.
E) $24,000.
Business
1 answer:
Karo-lina-s [1.5K]3 years ago
6 0

Answer:

The answer is E. $24,000

Explanation:

Straight line depreciation method equals

Cost of asset - salvage value / number of years.

Cost of asset is $135,000

Salvage value is $15,000

Number of years is 5 years

$135,000 - $15,000/5 years

$120,000/5 years

=$24,000

Straight line method of depreciation has equal amount all through the year.

The first year through it end life.

Therefore, machines' first year depreciation under the straight-line method is $24,000

You might be interested in
How does the format of a memo differ from that of an e-mail? please answer asap
aivan3 [116]

Answer: <u>Memos omit a closing signature.</u>

<u />

<u>(I took the test and this was the answer)</u>

5 0
3 years ago
Bank reconciliations are normally prepared on a monthly basis to identify adjustments needed in the depositor's records and to i
joja [24]

Answer:

B.

Explanation:

The benefits of bank reconciliation is to detect errors such as double payments, missed payments, calculation errors etc.

Therefore they will be no need for adjustment to be recorded for bank errors, outstanding checks, and deposits in transit.

4 0
3 years ago
Which of the following are advantages and characteristics of hot working relative to cold working (three correct answers):
Rashid [163]

Answer:

(a), (e), (f)

Explanation:

A)Fracture of workpart is less likely

E) Lower deformation forces are required F). More significant shape changes are possible

8 0
3 years ago
Consider a mutual fund with $219 million in assets at the start of the year and with 12 million shares outstanding. The fund inv
Ghella [55]

Answer:

Missing word <em>"What is the Rate of return"</em>

a. Asset at the end of the year = (Asset at the start of the year + Increase in value) * 12b-1 charges

Asset at the end of the year = ($219 million+ ($219 million * 7%)) * (1-0.50%)

Asset at the end of the year = ($219 million + $15.33 million) * 0.9950

Asset at the end of the year = $234.33 million * 0.9950

Asset at the end of the year = $233.16 million

Net asset value at the end of the year = Asset at the end of the year / Number of shares

Net asset value at the end of the year = $233.15835 million / 12 million

Net asset value at the end of the year = $19.430

b. Rate of return = (Net asset value at the end of the year + dividend per share - Net asset value at the start of the year) / Net asset value at the start of the year

Rate of return = ($19.430 + ($6 / 12) - $18.250) / $18.250

Rate of return = ($19.430 + $0.50 - $18.250) / $18.250

Rate of return = $1.68 / $18.250

Rate of return = 9.20%

5 0
3 years ago
G explain why a rii fractional experiment is a bad idea? use an example to illustrate your point.
Reika [66]

Because it is you will find the answer soon and hopefully I don’t know


8 0
3 years ago
Other questions:
  • Life is what happens to you while you're busy making other plans meaning
    13·1 answer
  • ​A boy migrated from Honduras through Guatemala and Mexico, thenentered the United States without immigration documents, because
    11·1 answer
  • 1.
    13·2 answers
  • A car is considered to be _____.
    13·2 answers
  • The Atlantic Division of Stark Productions Company reported the following results for 2019:
    11·1 answer
  • In 2003, Congress passed a substantial cut in income taxes. The Federal Reserve also substantially lowered interest rates. How c
    11·1 answer
  • What are three factors that can cause a supply change for phones
    14·1 answer
  • How many BTU's are in a ton
    7·1 answer
  • ________ are a form of tax and spending rules that can affect aggregate demand in the economy without any changes in legislation
    9·1 answer
  • Which of the following statements would be
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!