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pickupchik [31]
3 years ago
13

Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $28,000. The estimated useful life was

five years and the residual value was $3,000. Assume that the estimated productive life of the machine is 10,000 units. Expected annual production was year 1, 1,900 units; year 2, 2,900 units; year 3, 1,900 units; year 4, 1,900 units; and year 5, 1,400 units. Required: Complete a depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance. Which method will result in the highest net income in year 2
Business
1 answer:
jeyben [28]3 years ago
6 0

Answer:

You get the highest net income in year 2 with  <u>Units-of-production  method.</u>

Explanation:

Schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods is attached.  

<u>Straight-line </u>

Depreciation expense 2nd year=$5.000=(Original Value -Residual Value)/Useful life

<u>Units-of-production </u>

Units of Production Rate=2.5=(Original Value -Residual Value)/estimated productive life

Depreciation expense 2nd year= 7250

<u> Double-declining-balance. </u>

Depreciation rate        20,00%        1/useful life *100

Depreciation expense 2nd year= 6720

Download xlsx
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The purpose of an electric spreadsheet is to and data in an concise manner
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alton Corporation is currently selling 104 units of its product. The company is deciding the price that it should charge for a b
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the selling price per unit is $300

Explanation:

The computation of the selling price per unit is shown below;

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If the economy is producing a level of output $45 billion above full-employment real GDP, the most viable option to shift the ou
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Albert works as a technician for a large manufacturer of biomedical equipment. He has discovered a technique to produce composit
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Answer:

The correct answer is Bootlegging.

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Illegal Alcohol refers to all alcoholic beverages, distilled or fermented, that are out of legality due to adulteration, contraband of finished products or raw material, illegal artisan manufacturing, evasion of taxes from local production or because it is not suitable alcohol for human consumption diverted to the alcoholic beverages market.

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There are five ways in which illegal alcohol is present within societies:

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  3. Illegal Artisanal Alcohol: Illegal artisanal alcoholic beverages manufactured for commercial purposes.
  4. Alcohol not suitable for human consumption: Alcohol not made for human consumption, for example with pharmacy alcohol, diverted to the alcoholic beverages market.
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