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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:

Journalize the adjusting entries:

Answer:

Yazici Advertising

Adjusting Journal Entries:

Date            Account Titles            Debit      Credit

October 31:

1. Supplies Expense                     $1,500

Supplies                                                        $1,500

To record the supplies expense for the year ended October 31.

2. Insurance Expense                     $50

Prepaid Insurance                                           $50

To record the insurance expense for the month of October.

Explanation:

a) Data and Analysis:

October 31:

1. Supplies Expense $1,500 Supplies $1,500 ($2,500 - $1,000)

2. Insurance Expense $50 Prepaid Insurance $50 ($600 * 1/12)

3. From the scenario, the year-end is October 31.

7 0
3 years ago
UDig is a large mining company based in country B. UDig is in the private sector. It supplies
Arada [10]

A private company is a for-profit organization that does not belong to the state but a particular group or individual.

The term private company refers to a for-profit organization that is controlled by a group of people or an individual and does not belong to the State.

Private companies are also characterized by:

  • It develops an economic activity such as the production, distribution, or sale of some good or service to obtain profits (for profit).
  • It can be sold to the State, but it would cease to be a private company.
  • It can be privatized after being a public company.
  • It can compete with the public company.
  • You must pay taxes to the government and guarantee for your workers all the benefits established by law.

The private sector refers to the set of private companies in a country, they can be foreign or national companies.

Note: The question is incomplete. Here's the full question:

Define 'private sector'.

UDig is a large mining company based in country B. UDig is in the private sector. It supplies businesses in country B with 30% of the coal they need and the rest is imported.

UDig now has eight mines but plans to close two of them. This will threaten 1800 employees with redundancy. The Managing Director said: ‘I blame the appreciation of country B’s exchange rate and new legal controls, including those to protect the environment. The Government should help private sector businesses. '

Learn more in: brainly.com/question/24927689

5 0
3 years ago
The learning curve is:_______
never [62]

Answer:

Option C, Shows the decrease in unit cost as more of the same product is produced over time, is the right answer.

Explanation:

Option C is the correct answer because the learning curve shows the relationship between the cost of the production and output over the time period. Moreover, this curve shows the cost savings when more output is produced over time. The same can be seen in option C that the cost decreases when output rises which means there is a cost-saving.

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mixas84 [53]
The ending cash balance will be $11,000.

$28,000- $12,000
$16,000
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$6,000
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3 years ago
What is outstanding credit card debt?​
joja [24]

Well, outstanding debt is debt you owe to a creditor or multiple creditors. Outstanding debt can be on a credit card, loan or student loan. ... If the amount you owe is close to your credit limit that is likely to have a negative effect on your score.

6 0
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