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pickupchik [31]
4 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]4 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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We are required to calculate the collection to be made in the month of May.

Based on the credit policy, the collections for the month of May will be as follows:

10% of March Sales - No Information Available

60% of April Sales = 60,000 * .6 = $36,000.

30% of May Sales  = 80,000 * .3 = $24,000.

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7 0
1 year ago
A commercial for a floor-cleaner shows a young mother having to clean her kitchen floor after feeding her toddler. This _____ co
ololo11 [35]

Answer:

The answer is Slice-of-Life commercial

Explanation:

Slice-of-Life commercial is a marketing strategy or advertising technique that present a picture of real-life kind of problems, events or happenings that most people can relate to.  

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8 0
4 years ago
Maria is a user who belongs to the Sales distribution global group. She is not able to access the laser printer that is shared o
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A) Change the group type to a security group

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According to my research on shared network access, I can say that in order to  make sure that the Sales Global group has full access we can change the group type to a security group. This will allow us to let the group of user accounts within the security group have access to a shared folder or in this case a shared printer within the network.

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What are the impacts of political environment on business?​
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3 years ago
The Treasury bill rate is 5%, and the expected return on the market portfolio is 10%. According to the capital asset pricing mod
alexdok [17]

Answer:

a) Re = Rf + [beta x (Rm - Rf)

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