Answer:
$9000
Explanation:
Depreciation is a systematic allocation of the cost of an asset over its useful life. One method of depreciation is the straight line method where the value of an asset is uniformly and gradually written off over its useful life
<u>Working</u>
Cost of asset - $90000
Useful life - 9years
Salvage value - $9000
Fiscal year - (Jan 1- Dec 31)
Depreciable amount- (90000-9000)= $81000
Annual depreciation (straight line ) 81000/9 = $9000
December 31 2017 depreciation expense = $9000*1/2 = 4500
Decemebr 31 2018 depreciation expense = $9000
Hi there
beginning work in process+units started or transferred in=ending work in process+units transferred out
So we need to find units started or transferred in=58,000+22,000−18,000
=62,000...answer
Hope it helps
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Hope this helps! :)
C. 'Net' anything is total gain or loss.
Answer:
$57,856
Explanation:
Marks Corporation has two operating departments grinding and drilling. To calculate total office expense of Grinding we will allocate the expense as according to their allocations bases
Expense * Grinding allocation basis / total expense of allocation base
Salaries: 32,000 * 1740 / 2900 = 19,200
Depreciation: 21,000 * 130,000 / 208,000 = 13,125
Advertising: 43,000 * 479,750 / 808,000 = 25,531
