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Julli [10]
3 years ago
10

Dabros Inc. is purchasing a new vapor depositor in order to make silicon chips. It will cost to buy the machine and $10,000 to h

ave it delivered and installed. Building a clean room in the plant for the machine will cost an additional The machine is expected to have a working life of five years. If straight-line depreciation is used, what are the yearly depreciation expenses in this case
Business
1 answer:
____ [38]3 years ago
6 0

Answer:

The answer is $1,402,000

Explanation:

Cost of an asset is the total cost of acquiring and asset plus the cost incurred in bringing the asset to a working condition e.g cost of transporting the asset to factory, cost of installation etc.

Cost of the machine is:

Cost of acquisition $4,000,000

Cost of installation. $10,000

Building a clean room. $3,000,000

Total cost is. $7,010,000

No salvage value

Useful life is 5 years

Cost of depreciation using the straight-line method is

(cost of the asset - salvage value) ÷ number of useful life

$7,010,000 ÷ 5

= $1,402,000

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Benson and Orton are partners who share income in the ratio of 2:3 and have capital balances of $60,000 and $40,000, respectivel
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Answer:

$48,800

Explanation:

Ratio = 2:3

Total investment:

= Benson capital + Orton capital + Ramsey capital

= $60,000 + $40,000 + $20,000

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= $48,000

Old partners contribution:

= Equity of Ramsey - Ramsey capital

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= $28,000

Benson’s capital balance after admitting Ramsey:

= Benson’s capital - Old partners contribution(2 ÷ 5)

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Fosnight Enterprises prepared the following sales​ budget: Month Budgeted Sales March April May June The expected gross profit r
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The question is incomplete as the figures are missing. The complete question is,

Fosnight Enterprises prepared the following sales​ budget:

Month       Budgeted Sales

March         $6,000

April            $13,000

May             $11,000

June            $20,000

The expected gross profit rate is  20​% and the inventory at the end of February was  $7,000.  Desired inventory levels at the end of the month are  30​%  of the next ​month's cost of goods sold.  What are the total purchases budgeted for May?

Answer:

Purchases - May = $10960

Explanation:

To calculate the total value of purchases that are budgeted for May, we first need to calculate the cost of goods sold and the opening and closing inventory for May.

As the gross profit margin is 20%, the cost of goods sold will be 80% of sales.

Cost of goods sold for May = 0.8 * 11000 = $8800

Cost of goods sold for June = 0.8 * 20000 = $16000

Opening inventory - May = 8800 * 0.3  = $2640

Closing Inventory - May = 16000 * 0.3  = $4800

Purchases = Closing Inventory + Cost of Goods Sold for the month - Opening Inventory

Purchases - May = 4800 + 8800 - 2640

Purchases - May = $10960

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