1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zmey [24]
3 years ago
9

A company purchases a machine for $12,000. The estimated residual value is $4,000. The machine has a useful life of 5 years, and

is expected to produce 20,000 units during its lifetime. Use the activity-based depreciation method to calculate the amount of depreciation in Year 1, assuming that the machine was used to produce 6,000 units.
Business
1 answer:
tatuchka [14]3 years ago
8 0

Answer:

$2,400

Explanation:

The computation of the depreciation expense under the activity-based depreciation method is shown below:

= (Original cost - residual value) ÷ (estimated production units)

= ($12,000 - $4,000) ÷ (20,000 units)

= ($8,000) ÷ (20,000 units)

= $0.4 per unit

Now for the first year, it would be

= Production units in first year × depreciation per unit

= 6,000 units × $0.4

= $2,400

You might be interested in
Advantages of road transport over rail transport
Blizzard [7]

Answer:

road transport offer door to door service while rail transport can't offer

8 0
3 years ago
Swifty Company took a physical inventory on December 31 and determined that goods costing $203,600 were on hand. Not included in
Bezzdna [24]

Answer:

Inventory= $251,540

Explanation:

Giving the following information:

Swifty Company took a physical inventory on December 31 and determined that goods costing $203,600 were on hand. Not included in the physical count were $25,420 of goods purchased from Pelzer Corporation, f.o.b. shipping point, and $22,520 of goods sold to Alvarez Company for $32,230, f.o.b. destination.

Both the purchase and the sale must be accounted for in inventory. The purchase is FOB shipping point, therefore it is responsibility os Swifty. The sale was made FOB destination, as it is in transit, it is the responsibility of Swifty.

Inventory=  203,600 + 25,420 + 22,520= $251,540

3 0
3 years ago
At the time of his death on July 9, Aiden held rights in the following real estate: Fair Market Value (on July 9) Apartment buil
VladimirAG [237]

Answer:

The answer is \$1,200,000"".

Explanation:

\to [\$500,000 (\frac{1}{3} \times \$1,500,000) + \$250,000 (\frac{1}[3}  \times \$750,000 + \$450,000 (\frac{1}[2}  \times \$900,000]\\\\\\to \$1,200,000

Though this tree farm is jointly held, Aiden is assumed to have given 1/3 of the treatment because his mother gave her a gift to create the lease. The tenancy of the major chunk is subjected to the fifty percent spouse exclusion rule. None of the structures is included as Chloe does not escape Aiden.

6 0
2 years ago
Seth, Janice, and Lori each borrow 5,000 for five years at an annual nominal interest rate of 12%, compounded semi-annually. Set
Margaret [11]

Answer:

The total amount of interest paid on all three loans is 8,748.

Explanation:

Each person has borrowed 5,000 for the same period and with the same interest rate. However, the repayment is made differently by each person.

We calculate the interest paid by each person, and then sum up the three interest payments.

Seth pays = [5000 x (1 + 0.12/2)^10] - 5000 = 3,954

Janice pays = 5,000 X 0.06 x 10 = 3,000

Lori pays = [(5,000 x 10) / 7.36] - 5,000 = 1,794

Total interest payment = 3,954 + 3,000 + 1,794 = 8,748  

3 0
3 years ago
Read 2 more answers
________ leaders inspire followers to transcend their self-interests for the good of the organization and can have an extraordin
dsp73

The answer to this question is Transformational leaders.

<span>Transformational leaders are leaders who inspire their subordinates / followers by being a role model in order for the members or followers to enhance their performance. Transformational leaders increase the morale of the members by creating a vision for them to be guided and inspire the members to do their best and be motivated always.</span>

8 0
3 years ago
Other questions:
  • What is the purpose of cost allocation? why is it so important to allocate cost properly in a business?
    5·1 answer
  • Blossom Inc. Nash Inc. Smith Inc. Beginning inventory $400 $100 (g) $enter a dollar amount 5300 Purchases 1,600 1,080 43,000 Pur
    7·1 answer
  • using the aging of accounts receivable, Age Old, Inc. estimates that $90000 of its 4000000 of accounts receivable will be uncoll
    12·1 answer
  • Which of the following is a drawback of the corporate structure?
    15·2 answers
  • A copy machine is available 24 hours a day. On a typical day, the machine produces 169 jobs. Each job takes about 5 minutes on t
    13·1 answer
  • SHORT ANSWER Fill in the blanks: Fractional Reserve Banking requires banks to hold only _1_of the money their customers deposit.
    15·1 answer
  • Prepare journal entries to record the following transactions involving the short-term securities investments of Krum Co., all of
    15·1 answer
  • is your last chance to make sure your document is ready to carry your message-and your reputation to the intended audience.​
    13·2 answers
  • If an asset costs $132000 and is expected to have a $22000 salvage value at the end of its 10-year life, and generates annual ne
    10·1 answer
  • ____ is not a physical work environment characteristic.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!