The monthly depreciation will be $8000.
In accountancy, depreciation refers to two components of the equal idea: first, the real lower of fair fee of an asset, which include the lower in value of manufacturing unit gadget each year as it's far used .
Depreciation is used on a profits declaration for almost every enterprise. it is indexed as a cost, and so should be used every time an object is calculated for year-end tax purposes or to determine the validity of the item for liquidation purposes.
Annual depreciation is not taken into consideration as an asset because assets constitute something in order to produce financial cost to the organization during the last. And accumulated depreciation does now not produce the enterprise's financial fee as amassed depreciation itself shows the credit score stability.
Annual depreciation as per straight line method = ( 104,000 - $8,000) /10
Annual depreciation as per straight - line method = $96,000/10
Annual depreciation as per straight line method = $9600
∴ monthly depreciation as per straight line = $96000 * 1/12
= $8000
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Double-declining-balance rate:
By straight-line method, annual depreciation expenses = (85,000-5,000)/5 = $16,000
Rate of depreciation = 16000/(85,000-5,000) = 0.2 = 20%
Then, double-declining-balance rate = 2*Straight-line rate = 2*20 = 40%
From 2nd January 2017 to 31st December 2018 can be approximated as 1 year.
Therefore,
Depreciation expense in yr 1 = 40/100 * 85,000 = $34,000
And,
Book value at December 31 2018 = $85,000 - $34,000 = $51,000
It can be seen that the correct answer is b.
Answer: 5 sheets
Explanation:
The question seems incomplete, however, I found the mentioned equation:
We are told 
is in units of 
and 
is in units of 
, this means the other side of the equation must be in , as well.
So, if we make a dimensional analysis :
This means each sheet costs 
, then with a <u>Rule of three</u>, we can find how many sheets Hiro can purchase with 
:
If:
1 sheet ----
s sheets ----
Then:
Therefore, 
(the total credit left is zero) and we can verify 
by isolating it from the equation:
Answer:
Retained earnings balance on Dec 31 = $2000
Explanation:
Statement showing computations
Particulars Amount
Opening balance in retained earnings $ 5,000.
Add income (Loss) = $3300 - $4100 (-$800.00)
Less Dividends Paid = (2,200.00)
Retained earnings balance on Dec 31 $2000
