Answer:
Instructions are listed below
Explanation:
Giving the following information:
Machine costs= $115,000.
The estimated service life of the machinery is 10 years.
The estimated residual value is $5,000.
The machine is expected to produce 220,000 units during its life.
1) straight line depreciation= (Machine purchase price - residual value)/ use life
straight line depreciation= (115000 - 5000)/10= 11000
2018= 11000
2019= 11000
2) sum of the years' method= (remaining useful life of the asset/sum of the years' digits)* depreciable cost
2018= 10/(10+9+8+7+6+5+4+3+2+1)*(115000-5000)= 110000/55=(10/55)*110000= 20000
2019= (9/55)*110000= 18000
3) Double declining balance method= 2* [(Asset cost - residual value)/useful life of the asset]
2018= (1100000/10)*2= 22000
2019= (110000-22000/10)*2= 17600
4) One hundred fifty percent declining balance= [(purchase value-salvage value)/use years]*1.5
2018= (110000/10)*1.5= 16500
2019= [(110000-16500)/10]*1.5= $14025
Answer:
The correct answer is letter "C": To calculate the cash produced by the business, it is necessary to add the depreciation charge back to accounting profits.
Explanation:
Depreciation indicates how much value was used up for an asset. It also tries to match an asset's cost to the profit this helps the business collect. Depreciation calculations used as income tax deduction offer companies and annual allowance for the use and deterioration of tangible assets. Besides, depreciation must be added to the company's accounting profits to determine the firm's total inflow.
Answer:
true the reason why is because you are giving away more stuff than you are geting
Explanation:
Answer:
Dynamic Weight Loss Co.
DYNAMIC WEIGHT LOSS CO.
Classified Balance Sheet as of June 30, 20Y7
Assets
Current Assets:
Cash $119,630
Accounts Receivable 26,100
Prepaid Insurance 8,400
Prepaid Rent 6,000
Supplies 11,200
Total current assets $171,330
Long-term Assets:
Land 375,000
Equipment 325,900
Accumulated Depreciation (32,600) 293,300
Total long-term assets $668,300
Total assets $839,630
Liabilities and Equity
Current Liabilities:
Accounts Payable $10,830
Salaries Payable 7,500
Unearned Fees 21,000
Total current liabilities $39,330
Equity:
Common Stock 180,000
Retained Earnings 620,300
Total equity $800,300
Total liabilities and equity $839,630
Explanation:
a) Data and Calculations:
Trial Balance as of June 30, 20Y7
Account Titles Debit Credit
Cash $119,630
Accounts Receivable 26,100
Prepaid Insurance 8,400
Prepaid Rent 6,000
Supplies 11,200
Land 375,000
Equipment 325,900
Accumulated Depreciation - Equipment $32,600
Accounts Payable 10,830
Salaries Payable 7,500
Unearned Fees 21,000
Common Stock 180,000
Retained Earnings 620,300
Total $872,230 $872,230
Answer:
The answer is: She used the justice approach, realizing that the greater good is served because people learn to help each other in their own interest.
Explanation:
Justice approach: an ethical decision is a decision that distributes benefits and costs (or punishments) among those involved in a fair, equitable, and impartial way.
Paula used this approach because she believed the agents had acted improperly and that they were harming the US Secret Service.
I consider any organization a team, so in order for it to work well its members must be respected both by their peers and by the other teams´ members. If you consider the various types of activities this specific agency carries out, other not so friendly "teams" (other secret services or even terrorists) could use this type of information to damage or compromise those activities. So the well being of all the country was being jeopardized by a group of bad agents.
