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Law Incorporation [45]
3 years ago
5

A company purchased factory equipment on April 1, 2013 for $80,000. It is estimated that the equipment will have an $10,000 salv

age value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2013 is A. $5,250. B. $8,000. C. $7,000. D. $6,000.
Business
2 answers:
aev [14]3 years ago
5 0

Answer:

A.$5,250

Explanation:

=(80,000-10,000)/10=7,000*9/12=$5,250

The depreciation for 9 months starting from April 1st to 31 December 2013.recoded as depreciation expense $5,250

jarptica [38.1K]3 years ago
4 0

Answer:

A.$5,250

Explanation:

=(80,000-10,000)/10=7,000*9/12=$5,250

The depreciation have been worked out on pro rata basis for 9 months starting from April 1st to 31 December 2013.

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Which country does not claim ownership of the invention of churros?.
Juli2301 [7.4K]

Answer:

Mexico

Explanation:

The history of the churro is the subject of much debate. Three countries claim ownership of the snack: Spain, China, and Portugal.

8 0
2 years ago
ABC systems ________. Multiple Choice will allocate costs based on the overall level of activity highlight the different levels
lozanna [386]

Answer: highlight the different level of activities

Explanation:

Activity Based Costing system assigns costs to the activity that are used in production and it highlight the different level of activities.

Activity based costing system is quite different from the traditional costing systems based on the way the indirect cost is being treated.

3 0
3 years ago
Calip Corporation, a merchandising company, reported the following results for October: Sales $413,000 Cost of goods sold (all v
krok68 [10]

Answer:

$243,900

Explanation:

Calip corporation reported the following results for the month of October

Sales= $413,000

Cost of goods sold= $169,100

Total variable sling expenditure= $20,700

Total fixed selling expense= $17,900

Total variable administrative expense= $13,100

Total fixed administrative expense= $30,400

The contribution margin can be calculated by subtracting the total cost of goods sold from the sales

= $413,000-$169,100

= $243,900

Hence the contribution margin for October is $243,900

5 0
3 years ago
Individual profit earned by Dave, the oligopolist, depends on which of the following? (i) The quantity of output that Dave produ
UkoKoshka [18]

The options are:

(i) The quantity of output that Dave produces (ii) The quantities of output that the other firms in the market produce (iii) The extent of collusion between Dave and the other firms in the marketa. (i) and (ii)b. (ii) and (iii)c. (iii) only d. All of the above

Answer:

d. All of the above

That is

(i) The quantity of output that Dave produces

(ii) The quantities of output that the other firms in the market produce

(iii) The extent of collusion between Dave and the other firms in the market.

Explanation:

An oligopoly is defined as an economy where there are small number of firms that cannot prevent others from having much impact in the market. These firms control the way are done with regards for price.and supply of goods and services.

So in this type of market the profit earned by Dave will depend on quantity of output produced by Dave, quantity of goods manufacturerd by other firms, and Dave's degree of collusion with other firms.

7 0
3 years ago
Read 2 more answers
If the fixed costs of opening an internet-based, artisan soap business are $2,000, the price is $6 per unit and the variable cos
Xelga [282]
First, we must see how much profit is made per bar.  6-2=4 dollars per bar.  2000/4=500, so 500 bars must be sold to break even.  Please mark Brainliest!!!
4 0
3 years ago
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