1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zepelin [54]
3 years ago
7

Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $21,500. Its estimated residual value was

$6,500 at the end of an estimated 5-year life. The company expects to produce a total of 10,000 units. The company produced 850 units in 2018 and 1,300 units in 2019. Required: Calculate depreciation expense for 2018 and 2019 using the straight-line method. Calculate the depreciation expense for 2018 and 2019 using the units-of-production method. Calculate depreciation expense for 2018 through 2022 using the double-declining balance method.
Business
1 answer:
SVEN [57.7K]3 years ago
5 0

Answer:

Explanation:

Cost of acquisition - $21,500

Residual value - $6,500

Depreciable amount - 21500-6500 =15,000

Useful life = 5 years

Total units produced = 10000

Depreciation rate = 1/5*100 = 20%

Double depreciation raate = 40%

Depreciation                           2018                  2019

Straight line 20%*15000        3000                3000

Units of production

850/10000*15000                   1275

1300/10000*15000                                          1950

Double declining balance method

2018 = 40%*21500 = 8600

2019 =(21500-8600) *40%= 5160

2020  (12900 -5160)*40% = 3096

2021   (7740-3096) *40% =1858

2022 (4644-1858)*40% = 1114

You might be interested in
The major brand strategy decisions a firm has to make in building a strong brand begins with brand​ ________ and is followed by
maw [93]
The answer that best fits the blanks above are POSITIONING and NAME SELECTION, respectively. So one of the strategies in developing a strong brand is to start with brand positioning then followed by brand name selection. Brand positioning is also part of marketing and this allows the brand to be occupied in the minds of the customers. On the other hand, brand name selection follows a certain criteria that should be met whether it is interesting, and attracts attention.
3 0
3 years ago
Francis works for a local fly-fishing shop. The shop allows employees to purchase two fly rods per year at a discount. This year
RUDIKE [14]

The amount of discount that has to be included in Francis's income is 0.

<h3>How to solve for the discount amount</h3>

The amount of the discount - sales price

= 300 - 250

= $50

This is the discount when it is sold to employees

Next we solve for the gross profit as

sales price x gross profit rate

= 300 x 30%

= 90

Given the amounts that we have here we have to conclude that the amount to be included in the account is 0

Read more on what a discount is here:

brainly.com/question/9841818

#SPJ1

6 0
2 years ago
A large corporation that has its headquarters in Boston, manufacturing plants in Indonesia, and regional offices and retail stor
Alla [95]
Multinational company
6 0
3 years ago
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.2 pound
Eduardwww [97]

Answer and Explanation:

The computation of the contribution margin per pound for each of the three products is shown below:

As we know that

Selling price per pound - Variable cost per pound = Contribution margin

For Product K1

= $155.8 - $91

= $64.8

For Product S5

= $108.92 - $90

= $18.92

For Product G9

=$205.55 - $136

= $69.55

Now the contribution margin per pound is  

For Product K1 = Contribution margin ÷ Pound  

                       = 64.8 ÷ 4.2  

                       = 15.43 per pound

For Product S5 =  Contribution margin ÷ Pound  

                        = 18.92 ÷ 4.1  

                        = 4.61 per pound

For Product G9 = Contribution margin ÷ Pound

                          = 69.55 ÷ 5.3

                          = 13.22 per pound

6 0
2 years ago
In today's organization, many employers appear to prefer to work for a supervisor with a ________ leadership style.
vova2212 [387]
<span>A supervisor in today's work environment needs to be flexible and adaptable. Employees today expect a lot more opportunities to do things such as work from home. Also in today's more technological world, demands on the supervisor and employer change frequently. Because of all of this, employers and employees prefer a people-centered leadership style.</span>
3 0
3 years ago
Other questions:
  • The main premise of ________ is that effective leaders choose one or more leadership styles to influence employee expectations r
    6·1 answer
  • A local theater company sells 1,500 season ticket packages at a price of $250 per package. The first show in the 10-show season
    11·1 answer
  • In September of Year 1, Hansen Company issued a note payable to borrow money from its bank. Principal and interest on the note w
    14·1 answer
  • According to the Keynesian transmission mechanism, a rise in the money supply will __________ the interest rate, causing a _____
    7·1 answer
  • When all employees are exceedingly clear about what is expected from them, guidelines for task completion are clear and understo
    15·1 answer
  • If a short-run equilibrium occurs at a level of output above the natural rate, then in the transition to the long run prices wil
    12·1 answer
  • Find the no-arbitrage cross exchange rate. The dollar-euro exchange rate is quoted as $1.60 = €1.00 and the dollar-yen exchange
    15·1 answer
  • assuming that prices rise over time, which inventory cost flow assumption will result in the lowest ending inventory?
    13·1 answer
  • Who determines how much utility an individual will receive from consuming a good?
    14·1 answer
  • Suppose the local slaughterhouse gives off an unpleasant stench. the price of meat would then be _______ because not all of the
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!