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Mazyrski [523]
3 years ago
15

Mullen Company purchased a new machine costing $55,200 on January 1, 2017. The machine is expected to have a $3,600 salvage valu

e at the end of its useful life of six years. What is the depreciation expense that Mullen Company records for 2017 using the double-declining-balance method?
Business
1 answer:
hammer [34]3 years ago
7 0

Answer:

depreciation expense for 2017

Explanation:

Double Declining    

Year  Beginning Dep-Expense   Acc. \: Dep           Ending

                                                                                        $55,200.00

1   $55,200.00   $18,400.00    $18,400.00           $36,800.00

2   $36,800.00   $12,266.67   $30,666.67           $24,533.33

3   $24,533.33   $8,177.78   $38,844.45           $16,355.55

4   $16,355.55   $5,451.85   $44,296.30           $10,903.70

5   $10,903.70   $3,634.57   $47,930.87           $7,269.13

6   $7,269.13   $3,669.13   $51,600.00           $3,600.00

The DD rate is done by appling:

straight line rate x 2

(1/6) x 2 = 2/6 = 1/3

to net book value.

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ctivity-Based Costing Casual Cuts Inc. has total estimated factory overhead for the year of $225,000, divided into four activiti
VMariaS [17]

Answer:The activity rate for each activity of Company CC is:

Activity rate for cutting is $60 per dlh.

Activity rate for sewing is $15 per dlh.

Activity rate setup is $80 per setup.

Activity rate for inspection is $65 per inspection.

Explanation: Activity based costing trace overhead cost to each activity and absorbed at a rate for each activity rather than a rate per direct labour hour

Calculate activity rate for cutting

Cutting = cost of cutting/ Number of labour hours

$90,000/1500 = $60 per direct labour hour

Calculate the cost of sewing

Sewing= cost of sewing/ Number of labour hours

$22,500/1500 = $15 per direct labour hour

Calculate the cost of set up

Setup = cost of set up/ number of set ups

$80,000/ 1000 = $80 per set up

Calculate the cost of inspection

Inspection = cost of inspection/ number of inspection

$32,500/ 500 = $65 per inspection

5 0
3 years ago
When Corey runs out of shampoo he buys whatever brand is on sale at his local CVS drugstore. What is his level of involvement in
hodyreva [135]

Answer: A. Extensive

Explanation: When Corey runs out of shampoo he buys whatever brand is on sale at his local CVS drugstore.

From the above question, Corey has an extensive decision making on toothpaste purchase as he does not have any brand loyalty. He buys whatever brand is available for him to buy and he is not particular about the name, the size or content of the product he is buying.

6 0
3 years ago
What is negotiation? A. A discussion in which a sales person demonstrates features of a product B. A discussion in which people
GaryK [48]
A negotiation is a Discusion aimed at reaching  an agreement. B.
6 0
3 years ago
Question 6
Scilla [17]

Answer:

C)refusing to work until certain demands are met.

Explanation:

The idea behind a strike is to remind the employer or owner of the company that workers are a key part of the production. Strikes are an effective form of protest because they can paralyze a factory or a firm.

Strikes are usually more effective when the workers cannot be easily replaced by the employer.

7 0
3 years ago
Doyle Company issued $360,000 of 10-year, 8 percent bonds on January 1, Year 2. The bonds were issued at face value. Interest is
Lina20 [59]

Answer:

The balance of the equation at end of year 2 is$388,800

The balance of the equation at end of year 3 is   $417,600

Explanation:

                           Assets                        =Liabilities          +shareholders' equity

                    Land +cash                           Bonds payable     retained earnings

1/1/year 2                   $360,000                  =$360,000

1/1/year 2 $360,000 ($360,000)                

31/12/year2                $53,500                         =                                     $53,500

31/12/year2              ($28,800)                      =                                      ($28,800)                          

Balance                              $388,800          =                                       $388,800

Opening balance                $388,800=                                              $388,800

31/12/year3                            $53,500=                                               $53,500

31/12/year3                           ($28,800)=                                              ($28,800)                                

Balance                               $ 417,600                                                $417,600

                                             

The interest on bond=$360,000*8%=$28,800

3 0
3 years ago
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