Answer:
Depreciation expense - 2019 = $11,000
Book Value - 2019 = $38,000
Explanation:
Straight Line method charges a fixed depreciation charge as :
Depreciation Expense = (Cost - Residual Value) ÷ Useful Life
therefore,
Depreciation expense = $11,000
Book Value = $60,000 - $11,000 - $11,000 = $38,000
<span>Payment for the use of a copyrighted work is called a tax
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Answer:
Form 10-K
Explanation:
Form 10-K is submitted in the US to the Securities and Exchange Commissions (SEC). Form 10-K contains more detailed information about the corporation's financial reports, including the corporation's ability to pay its debts, details about profits and losses, growth rate, retained earnings and proportion of operational expenses to revenue generated. Currently Form 10-K is submitted electronically using the SEC's EDGAR database.
Answer: Ideas
Explanation: In the given case, the group is offering the service of ideas.The contest will make the participants to use their creativity and innovation. The contest arranged has no such rules and procedures specified so the participants can work with an open mind.
This strategy by group will have a dual effect, first it will increase the awareness and second it will give the group new ideas for the posters.
Hence from the above we can conclude that the correct option is C.
Answer:
Vaughn Company
The weighted-average cost per unit is
= $8.04
Explanation:
a) Data and Calculations:
Units Unit Cost Total
Inventory, January 1 11,000 $8.80 $96,800
Purchases: June 18 5,000 8.00 40,000
November 8 4,000 6.00 24,000
Total 20,000 $160,800
The weighted-average cost per unit = $8.04 ($160,800/20,000)
b) The weighted average method of recording inventory adds up the total units and costs of beginning and current period purchased or manufactured inventory. The total costs are divided by the total units to obtain the weighted-average cost per unit.
