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
vodka [1.7K]
3 years ago
6

Perdue Company purchased equipment on April 1, 2014, for $270,000. The equipment was expected to have a useful life of three yea

rs, or 18,000 operating hours, and a residual value of $9,000. The equipment was used for 7,500 hours during 2014, 5,500 hours in 2015, 4,000 hours in 2016, and 1,000 hours in 2017.Required:Determine the amount of depreciation expense for the years ended December 31, 2014, 2015, 2016, and 2017, by (a) the straight-line method, (b) units-of-output method, and (c) the double-declining-balance method.Note: FOR DECLINING BALANCE ONLY, round the answer for each year to the nearest whole dollar.a. Straight-line methodYear Amount2014 $65,2502015 $87,0002016 $87,0002017 $21,750
Business
1 answer:
otez555 [7]3 years ago
5 0

Answer:

<u>Straight line:</u>

2014 $ 65,250  

2015 $  87,000  

2016 $  87,000  

2017 $   21,750

<u>units-of-output method:</u>

2014 $ 108,750

2015 $   79,750

2016 $  58,000

2017  $   14,500

<u>dobule declining method</u>

2014  135,000  

2015  45,000  

2016  15,000  

2017  9,000  

Explanation:

<u>Straight line:</u>

(cost - salvage value) / useful life

(270,000 - 9,000)/3 = 87,000 per complete year

First year: from April 1st to December 31th

87,000 x 9/12 = 65,250

Second and third year are complete year thus, 87,000

fourth year: from Jan 1st to March 31th:

87,000 x 3/12 = 21,750

<u>units-of-output method:</u>

(cost - salvage value) / unit of output

261,000 / 18,000 = 14.5 per hour

We multiply each year hours by this rate

7,500 x 14.5 = 108,750

5,500x 14.5 =   79,750

4,000x 14.5 =   58,000

1,000 x 14.5 =   14,500

<em><u>double declining </u></em>

we multiply by twice the rate of of straight line:

1/3 x 2 = 2/3 we depreciate this amount of the carrying vbalue per year

Last year we adjust to obtain the residual value

Year   Beginning   Rate   Dep expense   Carrying value

2014     270,000     0.50     135,000     135,000  

2015     135,000     0.67     90,000     45,000  

2016     45,000     0.67     30,000     15,000  

2017     15,000                6,000      9,000  

You might be interested in
Patricia hires Albert to sell Patricia's expensive sports car. Albert agrees on a sale with Zeke, who wants to purchase the car
OLEGan [10]

Patricia is not bound to perform because the agency relationship was not disclosed.  Due to the details not being disclosed about Patricia's identity, shes not bound to perform her full duties. When working on a business deal it is necessary to provide any and all details about who you are to the other person in the transaction.

5 0
3 years ago
Read 2 more answers
Pam is an agent for refined chemicals corporation. refined chemicals owes pam the duty of:_____.
snow_tiger [21]

Option D is correct. Pam is an agent for refined chemical compounds corporation. sophisticated chemicals owes pam the obligation of secure working conditions.

A safe work environment is about extra than simply preventing injuries or the unfold of disease, it is about making employee well-being a priority. A secure place of work is one the place employees feel tightly closed and revel in a secure space, company values, and a high-quality co-working environment that encourages appreciate for everyone.

<h3>What are kinds of working conditions?</h3>

These prerequisites include things like lighting, the dimension of the house in which a employee need to perform her job, publicity to achievable toxins, allergens, nuclear or biological hazards, and what form of physical strain (i.e. heavy lifting, a worker can count on to undergo.

Learn more about safe working conditions here:

<h3>brainly.com/question/10209473</h3><h3 /><h3>#SPJ4</h3>
5 0
2 years ago
Which of the following can increase your credit card’s APR?
Lubov Fominskaja [6]
The Answer is 

B) Missing a credit card payment.

5 0
3 years ago
Read 2 more answers
The following data apply to Elizabeth's Electrical Equipment:
Romashka [77]

Answer:

$50

Explanation:

Calculation to determine the intrinsic per share stock price be immediately after the repurchase

First step

Total Assets=Value of operations of 20,000+ Short term investments of 1000

Total Assets=$21,000

Second step

Equity =Assets - Debt

Equity= $21,000-$6,000

Equity= $15,000

Now let determine the intrinsic per share stock price

Intrinsic per share stock price=$15,000/300

Intrinsic per share stock price=$50

Therefore the Intrinsic value per share will be $50 immediately after the repurchase has occured.

7 0
3 years ago
The dollar has appreciated against the currencies of many of the U.S.'s top trading partners. What outcome could this fall in fo
fenix001 [56]

Answer: Aggregate demand would shift to the left due to a decrease in US exports.

Explanation When the dollar appreciated against foreign currencies, U.S. goods and services become relatively more expensive, reducing exports and boosting imports in the United States. Such a reduction in net exports reduces aggregate demand.

6 0
4 years ago
Read 2 more answers
Other questions:
  • When a company declares a stock dividend, the declaration will
    10·1 answer
  • Company X issues variable-rate debt but wishes to fix its interest rates because it believes the variable rate may increase. Com
    8·1 answer
  • Ben recently lost his job at a major U.S. auto plant in one of the rust belt states. After looking unsuccessfully for work in a
    10·1 answer
  • Jill and Brian divided up $1900 between two investment accounts. Jill's account earns 4% interest and Brian earns 3%. If their c
    14·1 answer
  • Financial information is presented below: Operating Expenses $ 90800 Sales Returns and Allowances 26600 Sales Discounts 11200 Sa
    15·1 answer
  • Why is international trade important for SA?
    15·1 answer
  • Company Baldwin invested $50,460,000 in plant and equipment last year. The plant investment was funded with bonds at a face valu
    8·1 answer
  • A portion of FICA that is paid to provide eligible retired workers and
    7·1 answer
  • A _____ resource contains one or more identical units, each of which can be requested and used by a process on a non-shared basi
    5·1 answer
  • At the __________ stage of transforming raw materials into finished goods, managers typically use __________ control methods to
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!