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serious [3.7K]
4 years ago
15

A copy machine was purchased for $35,000. The machine is estimated to have a useful life of four years with a residual value of

$3,000. It is estimated that the machine will make 2,000,000 copies. Using the units-of-activity method to depreciate the copy machine, what information is needed to calculate the first year's depreciation if 550,000 copies were made? a.$35,000 cost, useful life of four years, 2,000,000 copies, and $3,000 residual value b.$35,000 cost, useful life of four years, and $3,000 residual value c.$35,000 cost, 2,000,000 copies, $3,000 residual value, and 550,000 copies made d.$35,000 cost, 2,000,000 copies, and $3,000 residual value
Business
1 answer:
Deffense [45]4 years ago
8 0

Answer:

c.$35,000 cost, 2,000,000 copies, $3,000 residual value, and 550,000 copies made

Explanation:

For determining the information, we need to do the following calculations Depreciation rate per copies which is shown below:

= (Purchase cost - residual value) ÷ (estimated copies)

Now for the first year, the depreciation would be  

= Copies made in first year × depreciation rate per copies

These all the information is required through which the exact amount can come.

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Rush Corp. has outstanding accounts receivable totaling $500,000 as of December 31 and sales during the year of $250,000. There
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Answer:

$20,000

Explanation:

Calculation for what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense

Using this formula

Balance in the allowance for doubtful accounts=

(Outstanding Accounts Receivable

* Percentage uncollectible)- Eebit balance of in the allowance for uncollectible accounts.

Let plug in the formula

Balance in the allowance for doubtful accounts=($500,000*8%)-$20,000

Balance in the allowance for doubtful accounts=$40,000-$20,000

Balance in the allowance for doubtful accounts=$20,000

Therefore the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense is $20,000

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Mia, an administrative assistant in the business division of a university, is assigned the responsibility of serving the needs o
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4 years ago
Why do firms generally prefer to borrow funds to obtain long-term financing rather than issue shares of stock?
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3 years ago
Instructions: Following programs has some errors. Locate as many as you can.
lbvjy [14]

Answer:

#include <iostream>

using namespace std;

int main()

{

   double number1, number2, sum;

   cout<<"Enter a number: ";

   

   cin >> number1;

   

   cout<<"Enter another number: ";

   

   cin >> number2;

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   cout <<"The sum of two numbers is "<< sum <<endl;

   return 0;

}

Explanation:

The correct program can be seen above.

You need to add  #include <iostream> and using namespace std; before your main function. Other issues are following;

Line 4, 5, 6, 7, 9 -> cout and cin must start with a lowercase letter

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