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docker41 [41]
3 years ago
10

A machine with a cost of $61,800 has an estimated residual value of $4,986 and an estimated life of 5 years or 18,970 hours. Wha

t is the amount of depreciation for the second full year, using the double-declining-balance method
Business
1 answer:
Leto [7]3 years ago
8 0

Answer:

$14,832

Explanation:

Depreciation charge = 2 x SLDP x BVSLDP

where,

SLDP = 100 ÷ useful life = 20 %

and

BVSLDP = Cost or Net Book Value

therefore,

1st year

Depreciation charge = 2 x 20 % x $61,800 = $24,720

2nd year

Depreciation charge =  2 x 20 % x ($61,800 - $24,720) = $14,832

conclusion

the amount of depreciation for the second full year is  $14,832

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Answer:

Navi-devices Inc.

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d. It will provide the company with a competitive advantage.

Explanation:

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On July 31, Cynthia contributed land with a basis to her of $22,000 and a FMV of $30,000 to the Sterling Partnership in exchange
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Explanation:

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4 years ago
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gladu [14]

Answer:

<u>Overhead Report for heavy-duty trailer axles.</u>

Order size ($ 16.85 × 200)              $3,370.00

Customer orders ($ 320.00 × 1)        $320.00

Product testing ($ 89.00 × 4)            $356.00

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Total                                                 $6,226.00

Conclusion :

The total overhead cost assigned to the order is $6,226.00

Explanation:

ABC system allocates overheads to jobs using cost drivers.

First an Activity Center where costs accumulate is identified these can be several in our scenario we have four Activity Centers.

Then the Cost driver rate is calculated for each Activity Center. Our question has provided these.

The final step is to allocate the overheads to a particular job using the cost driver rate.

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You have just received notice that a customer of yours with an Account Receivable balance of $100 has gone bankrupt and will not
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Answer:

debit allowance for doubtful debt $100

credit accounts receivable       $100

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When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

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