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dlinn [17]
4 years ago
9

On January 1, 2015, Alpha Manufacturing purchased a machine for $920,000. The company expects the machine to remain useful for e

ight years and to have a residual value of $70,000. Alpha Manufacturing uses the straight-line method to depreciate its machinery. Alpha Manufacturing used the machine tor four years and sold it on January 1, 2019. for S400.000. Compute accumulated depreciation on the machine at January 1, 2019 (same as December 31, 2018). Record the sale of the machine on January 1, 2019.
Business
1 answer:
Pie4 years ago
4 0

Answer:

The accumulated depreciation at 1 January 2019 = $425000

January 1, 2019

Accumulated Depreciation               425000 Dr

Cash                                                    400000 Dr

Loss on disposal                                95000 Dr

      Machine                                                               920000 Cr

Explanation:

The straight line method of depreciation charges a constant depreciation expense every year through out the estimated useful of the asset. The depreciation expense per year under this method is calculated as,

Depreciation expense per year = (Cost - Residual value) / estimated useful life of the asset

Depreciation expense per year = (920000 - 70000) / 8 = $106250 per year

The asset was used for four years from 2015 to 2018. Thus, the accumulated depreciation at 31 December 2018 is,

Accumulated depreciation - 31 Dec 2018 = 106250 * 4 = $425000

The Net book value of the asset at 31 December 2018 = 920000 - 425000 = $495000

The loss on disposal is = 495000 - 400000 = $95000

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Answer:

The answer is Credit.

Explanation:

Net loss can be thought of as a <u>Credit </u>to the Capital account.

6 0
2 years ago
uses job order costing to measure and track product costs. Raleigh has determined that machine hours drive its manufacturing ove
polet [3.4K]

Answer:

Allocated MOH= $4,000

Explanation:

Giving the following information:

Machine hours used 1,000 hours

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First, we need to calculate the estimated overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 100,000/25,000= $4 per machine hour

Now, we can allocate overhead to Product 95:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 4*1,000= $4,000

5 0
3 years ago
Which of the following is not a supervised learning technique in predictive analytics?
anygoal [31]

Answer:

Factor analysis

Explanation:

The factor analysis refers to the analysis in which the data of many variables  is to be segregated into a few variables which become easily understandable and manageable

But in the given case it asked for the term that is not a supervised learning technique so as per the given options the linear regression, decision tree, neural networks are included

So the correct option is Factor analysis

3 0
3 years ago
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Answer:

Venture Capital

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Musya8 [376]
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3 years ago
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