1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sergey [27]
3 years ago
9

Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following: (Do not round intermediat

e calculations)Estimates: Machine Life Residual Value Depreciation Method A 5 years $300 Straight-line B 10,000 hours 1,000 Units-of-production C 6 years 900 Double-declining-balanceTIP: Remember that the formula for double-declining-balance uses cost minus accumulated depreciation (not residual value).Required:Record the depreciation expense for the three used machines at the end of year 1.
Business
1 answer:
vampirchik [111]3 years ago
4 0
Try adding the first two numbers together then divide
You might be interested in
Which of the following weakens the government control in the marketplace?
diamong [38]
The appropriate response is deregulation. Deregulation, the omission of some administration controls over a market, it permitted or constrained firms to contend by dispensing with many value controls and obstructions to section. The objective of deregulation is to promote competition.
5 0
3 years ago
Read 2 more answers
When a company issues 39,000 shares of $3 par value common stock for $30 per share, the journal entry for this issuance would in
geniusboy [140]

The journal entry for this issuance would include is $ 10,53,000.00.

A magazine entry consists of the acquisition of machinery with the aid of the country wherein the equipment account could be debited, and the coins account may be credited.

A magazine access is a report of the enterprise transactions inside the accounting books of a enterprise. A well documented magazine entry consists of the best date, amounts to be debited and credited, description of the transaction and a completely unique reference wide variety. A magazine access is the first step within the accounting cycle.

                                                              Debit                                Credit

Number of shares = $ 39,000

cost of per shares = $3

total cash of shares = $ 117000          117000

Common stock ( 39000 * 3 )                                                        117000.00

Paid in capital  ( 39000  shares * 27)                                         10,53,000.00

(To record the issuance of shares at a premium of $ 27)

Learn more about  journal entry here:- brainly.com/question/14279491

#SPJ4

5 0
1 year ago
Question 1
Svetach [21]

1. An example of bartering is Sarah trades her apple for Ava's bag of chips.

2. Gold has historically functioned as money because it is a medium of exchange.

3. In the hypothetical economy, rice is said to be a commodity money.

4. When Pudding cups serve as a unit of account, it means that the price of other lunch items is expressed in quantities of pudding cups.

5. The difference between the U.S. dollar, and a U.S. gold certificate is a  U.S. dollar does not have value in addition to its value as money.

Trade by barter is when people exchange goods with goods. Money is not used in a trade by barter. Trade by barter was used before the invention of money. For example, a trade by barter occurs when Sarah trades her apple for Ava's bag of chips.

Commodity money is money for which its value comes from the commodity from which it is made.

Fiat money is currency whose value is not backed up by any asset. Representative money is money whose value is backed up an asset.

Money can be described as something that is accepted as a means of payments for products.

 <em><u>Functions of money </u></em>

1. Medium of exchange: money serves as a medium of exchange when it is accepted as payment for goods and services. For example, 2 ounces of gold is accepted as means of payment for a dress.  

2. Unit of account: money can be used to determine the value goods and services, For example, 2 cups of puddings is equivalent to plate of fruits.  

3. Store of value: money can retain its value over the long term, this it can be used as a store of value.

To learn more about money, please check: brainly.com/question/14816216?referrer=searchResults

5 0
3 years ago
Suppose a firm in a competitive market earned $3,000 in total revenue and had a marginal revenue of $30 for the last unit produc
Vera_Pavlovna [14]

Answer:

100 units were sold at $30 per unit

Explanation:

theoretically, in a perfect competition market, the price of a good = marginal revenue = marginal cost. Also, the market sets the price, not the individual firm.

If total revenue = $3,000 and marginal revenue per unit = $30, then we can assume that the sales price of each unit was $30, therefore, they sold $3,000 / $30 = 100 units.

3 0
3 years ago
Which luxury brand shares its name with the french explorer who is credited with naming canada?
maxonik [38]

Answer:

The luxury brand that shares its name with the french explorer who is credited with naming canada is Cartier.

Explanation:

Cartier is a brand that produces and sells watches and jewelry and it shares its name with the french explorer, Jacques Cartier, who used the word Canada to define an entire area that with time was applied to a larger one and today corresponds to the whole country of Canada.

7 0
3 years ago
Other questions:
  • "suppose that over the course of a year 100 people are unemployed for 4 weeks each (the short-term unemployed), while 10 people
    13·1 answer
  • "Which of the following statements are TRUE regarding the rights agent? I The rights agent usually handles the mechanics of a ri
    12·1 answer
  • Which of the following best describes the unit price of an 8-ounce bag of walnuts? It is the number of ounces that can be bought
    9·2 answers
  • Thrush Corporation, a calendar-year C corporation, files it's 2018 Form 1120, which reports taxable income of $200,000 for the y
    14·1 answer
  • "karla is taking two classes for a total of six credit hours. therefore she should be spending a minimum of ________ hours for r
    7·1 answer
  • How many states in the United States have abolished the death penalty?
    5·2 answers
  • A firm will not shut down in the longminus?run as long as the firms? revenue:
    10·1 answer
  • Decruitment is the planned elimination of ________ in an organization. A) jobs
    12·1 answer
  • a. Cash production costs are budgeted at $6 per unit produced. Of these production costs, 40% are paid in the month in which the
    14·1 answer
  • Indifference curves close to the origin are ________ those farther from the origin because of ________. Group of answer choices
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!