Answer:
The amount of depreciation expense that should be recorded for the second year: $26,160
Explanation:
The units-of-production depreciation method is calculated by using the following formula:
Depreciation Expense = [(Cost of asset − Residual Value)/Life in Number of Units] x Number of Units Produced = Depreciation Expense per unit x Number of Units Produced
In the company,
Depreciation Expense per bolt = ($190,000 - $10,000)/750,000 = $0.24
In the second year, 109,000 bolts were produced,
Depreciation expense for the second year = $0.24 x 109,000 = $26,160
Well i believe the answer to this problem is "B. A white collar job." If you was to be in a white collar job you would be in more of professional job such as a teacher or anything that doesn't deal with manual labor, or physical labor. A blue collar worker(job) does more of the physical labor job, construction, architecture, or even a vending machine filler.
I hope you get this right but i have good grades in business.
Brainliest please :)
Answer:
It will take 10 years to have $20,000 on investment of $10,000.
Explanation:
Annual Rate of return = r = 7%
Compounded Value / Future Value = FV = $20,000
Investment Value / Present Value = PV = $10,000
Use Future value formula to solve this question:
Future Value = Present Value x ( 1 + Number of Year )^Number of year
FV = PV x 
$20,000 = $10,000 x 
=
$2 = 
Log 2 = n log 1.07
0.30 = n x 0.03
n = 
n = 10.00
n = 10 year (rounded off to nearest year )
It will take 10 years to have $20,000 on investment of $10,000.
Answer:
Journal entries
Explanation:
The journal entries are as follows
(a) Cash A/c Dr $33,000
Accumulated depreciation A/c Dr $36,960
To Factory machine A/c $66,000
To Profit on sale of factory machine A/c $3,960
(Being the sale of machinery is recorded and the remaining balance is credited to the profit on sale of factory machine account)
(b) Cash A/c Dr $19,800
Loss on sale of factory machine A/c $9,240
Accumulated depreciation A/c Dr $36,960
To Factory machine A/c $66,000
(Being the sale of machinery is recorded and the remaining balance is debited to the loss on sale of factory machine account)
To calculate for the approximate market potential, we
simply have to take the ratio of the current market demand over the market
development index in fraction. That is:
market potential = 320 million / 0.55
<span>market potential = 582 million</span>
