Answer:
Annual depreciation= $48,000
Explanation:
Giving the following information:
Purchasing price= $135,000
Salvage value= $15,000
Useful life= 5 years
<u>To calculate the depreciation expense under the double-declining method, we need to use the following formula:</u>
Annual depreciation= 2*[(book value)/estimated life (years)]
Annual depreciation= 2*[(135,000 - 15,000) / 5]
Annual depreciation= $48,000
Answer:
how to communicate and the speaking with the co-workers is the answer
Explanation:
From the work habits and conduct of the moduleon it would be learned how to communicate and the speaking with the co-workers
Therefore as per the given situation, the above represent the answer and the same is considered and relevant
So how to communicate and the speaking with the co-workers is the answer
Answer:
Option B is correct ( $3,250)
Product Warranty Expense= $3,250
Explanation:
Option B is correct ( $3,250)
In order to find Blast debit Product Warranty Expense we will proceed as follow:
Formula we are going to use is:
Product Warranty Expense= Cost of repair defects under the warranty *Total sales
Total Sales= Price of 1 portable CD players * Total portable CD players Sold
Total Sales=$50 * 650
Total Sales=$32,500
Product Warranty Expense= 10% * $32,500
Product Warranty Expense= $3,250
Answer:
119 fans
Explanation:
The computation of the estimated WIP is shown below:
= Average fans per hour × average hours
where,
Average fans per hour is
= 850 fans ÷ 20 hours
= 42.5 fans
And, the average hours is 2.8
So, the estimated WIP is
= 42.5 × 2.8
= 119 fans
We assume we have to find out the average estimated WIP level
The four general accounting principles from the provided options are going concern principle, time period principle, full disclosure principle and revenue recognition principle.
<h3>What are accounting principles?</h3>
Accounting principles are the rules and guidelines which guide the accounting users in preparing and finalizing the accounting reports.
The principles of accounting are as follows:
- Going concern principle is a concept that treat a business firm to have an indefinite life.
- Time period principle states that the activities performed by an entity should be bifurcated into various periods.
- Full disclosure principle signifies that each and every material information must be reported in the accounting statements and none of the information should be hide out.
- Revenue Recognition principle is the one where an income is recorded when it is actually earned and the expense is recorded when it is charged. The cash receipt and cash payment would be irrelevant in this concept.
Therefore, the principles related to accounting process has been explained as above.
Learn more about the accounting principles in the related link:
brainly.com/question/16874947
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