What employers seek when they are looking for groupings of collective skills and knowledge ?

Marshall Company purchases a machine for $200,000. The machine has an estimated residual value of $80,000. The company expects t

Leya [2.2K]

Answer:

The depreciation expense for this period is: $13,200

Explanation:

The depreciation charge using units of production is calculated as follows :

Depreciation Expense = (Cost - Salvage Value) × (Period`s Production / Total Expected Production)

= ($200,000 - $80,000) × 440,000 units / 4,000,000 units

= $13,200

Conclusion:

The depreciation expense for this period is: $13,200

5 0

3 years ago

Generally it is thought that assignment of property rights leads to efficient use of resources. We noted two cases however (the

malfutka [58]

Answer:

Explanation:

This could be due a number of factors.

1 Externality effect

2 There could also be market failure, when property rights are not properly defined.

Externality is the effect of a third party on a property right, when all parties cannot come to an agreeable resolution on properties this could lead to inefficient use of land.

Also when the property rights are not put in place its difficult to come to a resolution that satisfies all parties.

4 0

3 years ago

Coronado Corporation acquires a coal mine at a cost of $448,000. Intangible development costs total $112,000. After extraction h

SSSSS [86.1K]

Answer:

Dr Depletion expense 66,640

Cr Accumulated depletion 66,640

Explanation:

Coronado Corporation

Journal entry

Dr Depletion expense 66,640

Cr Accumulated depletion 66,640

Total Cost = $448,000+$112,000 =

$ 560,000

Depletion per ton

= ($560,000-$179,200)/4,480

= 85 per ton

Depletion first year = 784*85 = 66,640

8 0

4 years ago

Choose all that apply. The mortgage payment includes _____. taxes principal interest escrow PMI homeowner’s insurance

Mrrafil [7]

Answer:

taxes, principal interest, homeowner´s insurance.

Explanation:

Mortgage payments include four parts called PITI, Principal, which is the normal payment of the loan, or the payment needed that is debited to the loan, then the taxes, the interests, and the homeowners insurance, this 4 elements make up for the main monthly payments.

3 0

3 years ago

Read 2 more answers

On June 1, 2022, Crane Company was started with an initial investment in the company of $26,000 cash. Here are the assets, liabi

skelet666 [1.2K]

Answer and Explanation:

For preparing the retained earning statement first we have to determine the net income or net loss which is shown below:

= Service revenue - supplies expense - Maintenance and repairs expense - advertising expense - utilities expense - salaries and wages expense

= $7,800 - $1,100 - $690 - $400 - $210 - $1,500

= $3,900

Now the preparation of the retained earning statement is presented below:

Crane Company

Retained Earnings Statement

For the month of June

Beginning balance $ -

Add: Net income $3,900

Less: Dividends ($1,521)

Ending balance $2,379

8 0

3 years ago