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r-ruslan [8.4K]
3 years ago
8

Schager Company purchased a computer system on January 1, 2014, at a cash cost of $23,000. The estimated useful life is 10 years

, and the estimated residual value is $2,800. The company will use the double declining-balance depreciation method. What is the accumulated depreciation balance as of December 31, 2015
Business
1 answer:
MakcuM [25]3 years ago
3 0

Answer:

Accumulated depreciation= $7,272

Explanation:

Giving the following information:

Purchased: January 1, 2014, at a cash cost of $23,000.

The estimated useful life is 10 years.

The estimated residual value is $2,800.

Under the double-declining balance, we need to use the following formula for each year:

Annual depreciation= 2*[(book value)/estimated life (years)]

2014= [(23,000 - 2,800)/10]*2= 4,040

2015= [(20,200 - 4,040)/10]*2= 3,232

Accumulated depreciation= $7,272

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GarryVolchara [31]

Answer:

1. Actual Hour = 145 hour

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Explanation:

According to the scenario, computation of the given data are as follow:-

1). Labor Efficiency Variance= Labor Rate Variance + Labor Spending Variance

= 170 + 120

= 290

Labor Efficiency Variance = Standard Rate × (Standard Hour - Actual Hour)

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29x = 4,205

X = 4205 ÷ 29 = 145

Actual Hour = 145 hour

2). Labor Rate Variance = Actual Hour × (Standard Rate-Actual Rate)

120 = 145(29-x)

120 = 4,205-145x

145x = 4,085

X= 4,085 ÷ 145

Actual rate per hour = 28.17 per hour

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3 years ago
Laws designed to promote competition and prevent the information of monopolies are known as _____ laws
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The answer is B. antitrust laws.

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6 0
3 years ago
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At the time a $400 petty cash fund is being replenished, the company's accountant finds vouchers totaling $350 and petty cash of
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Answer:

Explanation:

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