Answer:
$6,666.67 and $10,000
Explanation:
The computation of the depreciation expense for the year 2017 and 2018 is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($88,000 - $8,000) ÷ (8 years)
= ($80,000) ÷ (8 years)
= $10,000
Since the machinery is purchased on April 30 and we assume the books are closed on December 31 so the number of months calculated is 8 months
Therefore for the year 2017 the depreciation expense is
= $10,000 × 8 months ÷ 12 months
= $6,666.67
And, for the year 2018 the depreciation expense is same i.e $10,000
I would say the correct answer is cell protection. It is when you prevent others to edit or change the contents of certain cells in a sheet. In doing this, you first unlock all cells. Then, select the cells you want to lock then select the option to lock them. Hope this helped.
Answer:
None of the above options are correct
Depletion amount in 2019 = $52.480
Explanation:
The Cost of Quarry (Depletion Base ) = $164000
Estimated Salable Rock (Units Extracted) = 20000 tons
Depletion Rate = Depletion Base /Units Extracted
Depletion Rate for 2018 = 164000/ 20000 = $8.2/ton
Units Extracted in 2018 = 4000 tons
Depletion amount in 2018 = Depletion Rate for 2018 *Units Extracted in 2018
Depletion amount in 2018 = $(8.2*4000) = $32800
In 2019
Depletion Base in 2019 = The Cost of Quarry - Depletion amount in 2018 = 164000-32800 = $131200
Estimated Salable Rock in 2019 (Units Extracted) = 20000 tons
Depletion Rate for 2019 = 131200/ 20000 = $6.56/ton
Units Extracted in 2019 = 8000 tons
Depletion amount in 2019 = $(6.56*8000) = $52480
Answer:
Price floor binding
b. price ceiling binding
price floor and binding
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
The minimum price of milk is above equilibrium price. So, it is a binding price floor
The maximum price of milk is below equilibrium price. It is binding price ceiling
If teenagers can't find jobs due to minimum wages law. It means that the minimum wage must be above equilibrium price. This is because it is when price is above equilibrium price that supply of labour outstrips demand. So, it is a binding price floor
