The bookkeeper for Sheffield Corp. asks you to prepare the following accrued adjusting entries at December 31.

Hawaiian Specialty Foods purchased equipment for $12,000. Residual value at the end of an estimated four-year service life is ex

Vedmedyk [2.9K]

Answer:

1. $2,700

2. $6,000

3. $1,836

Explanation:

The computation of the depreciation expense for the first year is shown below:

1) Straight-line method:

= (Original cost - residual value) ÷ (useful life)

= ($12,000 - $1,200) ÷ (4 years)

= ($10,800) ÷ (4 years)

= $2,700

In this method, the depreciation is same for all the remaining useful life

2) Double-declining balance method:

First we have to find the depreciation rate which is shown below:

= One ÷ useful life

= 1 ÷ 4

= 25%

Now the rate is double So, 50%

In year 1, the original cost is $12,000, so the depreciation is $6,000 after applying the 50% depreciation rate

3) Units-of-production method:

= (Original cost - residual value) ÷ (estimated machine hours)

= ($12,000 - $1,200) ÷ ($10,000 hours)

= ($10,800) ÷ ($10,000 hours)

= $1.08 per hour

Now for the first year, it would be

= Machine hours in first year × depreciation per hour

= 1,700 machine hours × $1.08

= $1,836

3 0

3 years ago

Which of the following is NOT a prompt a leader will use when asking members to complete sentences? a. One thing I am afraid to

Airida [17]

Answer:

The correct answer is letter "A": One thing I am afraid to say in this group is...

Explanation:

Managers portraying weak images typically end losing control over their subordinates affecting a company's efficiency and effectiveness. Leaders must always be willing to impose their ideas when convenient for the whole group. They must provide firm, strong orders under those situations for the common benefit of their team. Mentioning employees:

"<em>One thing I am afraid to say in this group is...</em>";

shows the manager is not even sure of what he thinks. It is important to take into consideration the subordinates' points of view but before that, the leader must be sure of what he or she is doing.

3 0

3 years ago

Tyler Smithson owns Joe on the Run, a small chain of three cof- fee shops, all of which are facing a challenge that is common to

prohojiy [21]

Answer:

A) To improve capacity the constraint that must be addressed is the preparation and dispatch constraint which is similar to all three shops.to address this a central preparation / dispatch center that serves all three shops the needed products should be created independently, with the primary purpose of mass preparation/dispatch to the coffee shops and not attending to customers which hampers the production of the three shops.

B ) To improve efficiency: packaging should be made ready at the drive thru station so that customer who drive in can quickly pick up the package without having to queue up for long. also consider preparing some orders on the menu that attracts the most customers ahead of time this way the queue would be reduced.

C ) At store level to improve performance proper stock taking should be essential to ensure there is enough products on the menu to serve to the customers

Explanation:

A) To improve capacity the constraint that must be addressed is the preparation and dispatch constraint which is similar to all three shops.to address this a central preparation / dispatch center that serves all three shops the needed products should be created independently, with the primary purpose of mass preparation/dispatch to the coffee shops and not attending to customers which hampers the production of the three shops.

B ) To improve efficiency: packaging should be made ready at the drive thru station so that customer who drive in can quickly pick up the package without having to queue up for long. also consider preparing some orders on the menu that attracts the most customers ahead of time this way the queue would be reduced.

C ) At store level to improve performance proper stock taking should be essential to ensure there is enough products on the menu to serve to the customers

7 0

3 years ago

Matt, a computer salesperson, tells a prospect, "as i described earlier, we have two financing methods available. which of them

Alborosie

<span>By offering the customer a choice of more than one option that will satisfy their needs, Matt is using the "multiple options" sales closing method.</span>

4 0

4 years ago

The additional $600 unemployment benefit ended on July 25, 2020. Even with the $300 Lost Wages Assistance Benefit, many Texans a

Yanka [14]

Answer: No they did not at this rate many of the citizens will go bankrupt and the economy will suffer a great lost do to the increase of the unemployment rate

Explanation:

8 0

3 years ago