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myrzilka [38]
3 years ago
15

Use straight line (SL) depreciation to determine a. annual depreciation charge (5 points) and b. annual book values for the life

of the asset having the price of $1,200,000, depreciable life of 8 years, and the salvage value of $200,000. (10 points)
Business
1 answer:
Andrew [12]3 years ago
4 0

Explanation:

The computation is shown below:

Year            Depreciation                Book value

0                                                      $1,200,000

1                   $125,000                    $1,075,000

2                  $125,000                    $950,000

3                  $125,000                    $825,000

4                  $125,000                    $700,000

5                  $125,000                    $575,000

6                  $125,000                    $450,000

7                  $125,000                     $325,000

8                  $125,000                     $200,000

The depreciation expense is

= ($1,200,000 - $200,000) ÷ (8 years)

= $125,000

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Explanation:

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Manufacturing uses normal costing for its​ job-costing system, which has two​ direct-cost categories​ (direct materials and dire
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Answer:

Results are below.

Explanation:

Giving the following information:

Total manufacturing costs, $8,450,000

Manufacturing overhead allocated, $3,750,000 (allocated at a rate of 250% of direct manufacturing labor costs)

Work-in-process inventory on January 1, 2017, $390,000

Cost of finished goods manufactured, $8,020,000

<u>First, we need to calculate the direct material and direct labor:</u>

Direct labor= Manufacturing overhead allocated/2.5

Direct labor=  3,375,000 / 2.5

Direct labor= $1,350,000

Total manufacturing costs= Direct material + direct labor + allocated overhead

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<u>Finally, the ending work-in-process:</u>

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If a great many data values closer to the left of a data distribution which then tails off to the right the distribution is refe
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An animal shelter spends $2.00 per day to care for each cat and $6.50 per day to care for each dog. Isaiah noticed that the shel
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There were 9 cats at the shelter on Wednesday.

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Per day cost to care for each cat = $2.00

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Total Cost on Wednesday = $44.00

Suppose

Number of cats = C

Number of dogs = D

According to given condition

C + D = 13 (Equation 1)

( each cat's per day cost x Number of cats ) + ( each dog's per day cost x Number of dogs ) = Total coat

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Multiply (Equation 1) by 2 and we get

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Subtract (Equation 3) from (Equation 2)

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by placing value of D in (Equation 1)

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C = 9

4 0
3 years ago
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