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qaws [65]
3 years ago
13

Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $40,000. The estimated useful life was

five years and the residual value was $4,500. Assume that the estimated productive life of the machine is 10,000 units. Expected annual production for year 1, 2,100 units; year 2, 3,100 units; year 3, 2,100 units; year 4, 2,100 units; and year 5, 600 units. Required: 1. Complete a depreciation schedule for each of the alternative methods. (Do not round intermediate calculations.)
A.) straight-line
B.) Units of Production
C.) Double declining balance
Business
1 answer:
Mrac [35]3 years ago
6 0

Answer:

Schedule is in the MS Excel file attached with this answer.

Explanation:

Straight Line depreciation is a method of depreciation in which the cost of the asset net of residual value is divided over useful life.

Unit of production method Depreciate the asset based on the production for the period done by asset and total lifetime production capacity of the asset..

In double declining method the double depreciation is charged.

Download xlsx
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Question Completion with Options:

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C)  He is entitled to a refund of $100 if requested within 45 days of the contract date.

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The statement that applies to this situation is:

B)  He is entitled to a refund of $200 if requested in writing within 30 days of the contract date.

Explanation:

The Florida real estate laws provide that any real estate company that furnishes rental information to a prospective tenant for a fee must provide the prospective tenant with a receipt.  The receipt should contain the repayment provision, which can be made under specified conditions. However, the young man is expected to make his demand for a return of any part of the fee within 30 days from the date of the broker/sale contract.

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Part One: 1) Choose a commonly used good or service from the list provided below: Cell phone Bread Milk T-shirt Jeans Shoes Goin
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you can do bread. heres some helpful number for you

price of bread $1.25   $5.00   $9.00   $15.00

person one         10          2          0            0

person two           5           4          1            0

person three        20         10        5             1

person four           2             1         0           0

person 5                8             2       2             0

person 6                 5            5        3           2

person 7                   15           3       1         0

person 8                    1             0       0        0

person 9                      25         5         2       1

person 10                     8            5         3      2

hope this helps if im not too late

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4 years ago
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