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Viktor [21]
3 years ago
13

Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of $5,000 and a fair mark

et value of $10,900. Kelsey will invest a building with a book value of $33,300 and a fair market value of $77,900.
1. What amount will be recorded to Sandra's capital account?
Business
1 answer:
lawyer [7]3 years ago
8 0

15,900 is my because thats how much only sandra will pay.

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Balls and Bats, Inc. purchased equipment on January 1, 2005, at a cost of $100,000. The estimated useful life is 4 years with a
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Answer and Explanation:

The computation of two different depreciation schedules is shown below:-

a. Using the Double-declining balance method

Year            Equipment Cost      Depreciation rate     Amount

2005                $90,000                     50%                  $45,000

2006                $45,000                      50%                  $22,500

2007                $22,500                      50%                  $11,250

2008 No depreciation as it is lower that straight line method that is $22,500 also we took the double rate of 25% so we consider 50%

b. Using the straight line method

Straight Line Depreciation Method:

$100,000 - $10,000

= $90,000

Year            Equipment Cost      Depreciation rate      Amount

2005                $90,000                     25%                      $22,500

2006                $90,000                      25%                     $22,500

2007                $90,000                      25%                     $22,500

2008                $90,000                      25%                     $22,500

Depreciation rate is

= 1 ÷ 4 years

=  25

2. The double declining method reduced the net income while the straight line method increased the net icnome

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The the bacteria turn the nitrogen into
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6 0
3 years ago
Read 2 more answers
Assume that Roth’s accountants are expected to work a total of 8,000 direct labor hours in 2018. Roth’s estimated total indirect
xz_007 [3.2K]

Answer:

$12 and $180

Explanation:

The computation of the predetermined overhead rate is shown below:

As we know that

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= Estimated total indirect cost  ÷ expected direct labor hours

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= $12

And, the indirect cost is

= Predetermined overhead rate × number of hours

= $12 × 15

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We simply applied the above formula

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3 years ago
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