Answer:
a. $26,720
Explanation:
Before computing the accumulated depreciation, first we have to compute the original cost of the equipment, after that the depreciation expense. The calculation is shown below:
Original cos t = Equipment purchase cost + freight charges + installment charges
= $68,000 + $2,800 + $8,000
= $78,800
Now the depreciation expense under the straight-line method is shown below:
= (Original cost - residual value) ÷ estimated life in years
= ($78,800 - $12,000) ÷ 5 years
= $13,360
Now the accumulated depreciation is
= Depreciation expense × number of years
= $13,360 × 2 years
= $26,720
Answer:
a.9.313hr
b.116.4%
c.104.0%
Explanation:
(a) Hstd= 75(7.45)/60 = 558.75/60 = 9.313 hr
(b) Ew= 9.313/8.0 = 1.164 = 116.4%
(c) Time worked = 480 – 13 = 467 min
Tc= (467 min)/(75 pc) = 6.227 min/pc
Tn= 7.45/(1 + 0.15) = 6.478 min/pc
Pw= 6.478/6.227 = 1.040 = 104.0%
Answer:
$272,000
Explanation:
Accumulated depreciation is the sum of depreciation expense.
Depreciation is a method of expensing the cost of an asset.
Depreciation expense using the straight line depreciation method = (Cost of asset - Salvage value) / useful life
($700,000 - $20,000) / 5 = $136,000
The straight line depreciation method Deprecation allocates the same deprecation expense each year of the useful life of an asset.
The depreciation expense in 2019 and 2020 would be $136,000 x 2 = $272,000
I hope my answer helps you
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