Q: What was the central point that Bastiat was trying to make in his imaginary petition of the candle makers? A: <span>The "Candle Maker's Petition" is a satire of protectionist </span>tariffs<span> written the by great French economist, </span>Frederic Bastiat.
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Q:</span><span>Do you agree with Bastiat? A: this is an opinion. no right or wrong.
Q:</span><span>Why or why not? How does this argument relate to current arguments about free trade? A: Again your opinion if needed for this responce.
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Answer:
$3,000 and $35,000
Explanation:
The computations are shown below:
The depreciation expense would be
=(Original cost - residual value) ÷ (useful life)
= ($50,000 - $5,000) ÷ (15 years)
= ($45,000) ÷ (15 years)
= $3,000
In this method, the depreciation is same for all the remaining useful life
The book value would be
= (Original cost of equipment) - (depreciation × number of years)
= ($50,000) - ($3,000 × 5 years)
= $50,000 - $15,000
= $35,000
Answer:
$8,013
Explanation:
The computation of the amount of the depreciation expense is shown below:
The net income is
= An addition to retained earnings + cash dividend paid
= $4,221 + $469
= $4,690
Now the earning before tax
= (Net income) ÷ (1 - tax rate)
= ($4,690) ÷(1 - 0.21)
= $5,937
Now the earning before tax and interest is
= $5,937 + $1,300
= $7,237
So, the depreciation expense is
= $30,600 - $15,350 - $7,237
= $8,013
Answer:
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Explanation:
Answer:
$184.34
Explanation:
The computation of activity rate for the Order Size activity cost pool is shown below:-
The Activity rate for Order size = Estimated order size overhead cost ÷ Total machine hours
= 1,069,190 ÷ 5,800
= $184.34
Therefore for computing the activity rate for the Order Size activity cost pool we simply applied the above formula and ignore all other value.
