Answer:
Depreciation expense that Grimwood should record is $13,230.
Explanation:
units of activity method:
depreciation rate = (cost - salvage value)/estimated lifetime miles
= ($171500 - $24500)/(1000000 miles)
= $0.147 per mile
depreciation expense = $0.147 per mile*90000 miles
= $13,230
Therefore, Depreciation expense that Grimwood should record is $13,230.
Answer:
The budgeted production is 35000 units and option B is the correct answer.
Explanation:
The budgeted production for the quarter should be enough to meet the demand for sales for the quarter along with providing enough inventory to meet the desired level of ending inventory.
However, some of the sales for the quarter can be fulfilled using the opening inventory. Thus, we need to determine the net amount of sales that will remain uncovered after selling off the opening inventory.
Remaining sales for the quarter = Sales - Opening Inventory
Remaining sales for the quarter = 30000 - 5000 = 25000 units
The budgeted production is = 25000 + 10000 = 35000 units
Answer:
$232,760
Explanation:
you must first determine the market value of your house = appraisal value - sales expenses = $253,000 - $20,240 = $232,760
the market value of the house is your opportunity cost of using the house as an office.
opportunity costs are the extra costs or benefits lost resulting from choosing one investment or activity over another alternative.
Answer: I think the answer would be B