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
igomit [66]
3 years ago
14

A company purchased a weaving machine for $190,000. The machine has a useful life of 8 years and a residual value of $10,000. It

is estimated that the machine could produce 75,000 bolts of woven fabric over its useful life. In the first year, 15,000 bolts were produced. In the second year, production increased to 19,000 units. Using the units-of-production method, what is the amount of accumulated depreciation at the end of the second year?
A) $45,600.
B) $81,600.
C) $23,750.
D) $48,133.
E) $86,133.
Business
1 answer:
pav-90 [236]3 years ago
3 0

Answer:

The answer is option (B), accumulated depreciation at end of the second year=36,000+45,600=$81,600

Explanation:

Determine the depreciable cost using the formula below;

depreciable cost=acquisition cost-residual value

where;

acquisition cost=$190,000

residual value=$10,000

replacing;

depreciable cost=190,000-10,000=$180,000

depreciable cost=$180,000

Determine the cost per unit as follows;

depreciable cost=cost per bolt×number of bolts produced

where;

depreciable cost=$180,000

cost per bolt=c

number of bolts produced=75,000 bolts

replacing;

180,000=c×75,000

75,000 c=180,000

c=180,000/75,000=2.4

The cost per bolt=$2.4

annual depreciation for the first year=(2.4×15,000)=$36,000

annual depreciation for the second year=(2.4×19,000)=$45,600

accumulated depreciation at end of the second year=36,000+45,600=$81,600

You might be interested in
Unlike other car rental agencies that are based in airports to serve travelers, wheelz-on-rent has a network of neighborhood off
scZoUnD [109]

It can be concluded that the Wheelz On Rent most likely practices the concentrated marketing. Concentrated marketing is a type of strategy in which the products are being made and produced because of a specific segment of the population of the consumer of that they are likely to be made for a specific segment.

7 0
3 years ago
At Medallion Industries, variable cost per unit is budgeted to be $8.00 and fixed cost per unit is budgeted to be $5.00 in a per
natka813 [3]

Answer:

Total cost= $60,800

Explanation:

Giving the following information:

For 4,000 units:

Unitary variable cost= $8

Unitary fixed cost= $5

<u>First, we need to calculate the total fixed cost:</u>

Total fixed cost= 5*4,000= $20,000

<u>Now, we can determine the total cost for 5,100 units:</u>

Total cost= 5,100*8 + 20,000

Total cost= $60,800

6 0
2 years ago
Pay your Taxes :DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD
horrorfan [7]

Answer:

do you need help with that or are you saying that

Explanation:

7 0
3 years ago
Read 2 more answers
Janelle is highly organized and loves working to find ways to arrange graphs and data more effectively. She doesn't handle confl
krek1111 [17]

The most appropriate job for Janelle is in clerical work. The answer is B.

Clerical work requires competent systematic skills. Since Janelle is very comfortable in arranging or organizing files, she is very compatible with the job. Moreover, clerical work requires focus and does not really require interaction with workers. As long as you are able to deliver the outputs, that is already considered as efficient.

5 0
3 years ago
Look at pic for question and answers.
zubka84 [21]

Answer:

It is decreased by the sale amount

Explanation:

An income statement is a financial statement that communicates a business's profitability. An income statement lists the revenues and expenses incurred by a business in a period.

The sale of a company's asset may result in a loss or profit. A profit is treated as an income to the business, but a loss is an expense. When an asset is sold at a loss, business expenses increase. An increase in expenses reduces profits as reported in the income statement.

6 0
3 years ago
Other questions:
  • Random Co. purchased a machine for $400,000 that has a five year life and will produce annual net cash inflows of $110,000 per y
    7·1 answer
  • What should I do with 200 dollars on Black Friday
    15·2 answers
  • What is the difference between gross pay and net pay? gross pay describes your pay after deductions; net pay is before gross and
    11·1 answer
  • __________ and ________ are stimulus preference assessment methods, while ________ and __________ are reinforcer assessment meth
    11·1 answer
  • Albright Company purchased as a long-term investment $500,000 of Benton Corporation 10-year, 9% bonds. Required: Present entries
    15·1 answer
  • What are the foundation of the case for free trade?
    12·1 answer
  • The interest rate does not affect the intertemporal budget constraint.<br> a. True<br> b. False
    9·1 answer
  • Two managers in the research and development department of a company disagree on whether their organization should outsource dev
    13·1 answer
  • Data on consumer spending per capita or industrial purchasing trends would be identified in the ________ section of a global mar
    9·1 answer
  • Impact of strategy evaluation and control in gaining competitive advantage​
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!