1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vagabundo [1.1K]
2 years ago
7

The Doodad Company purchases a machine for $440,000. The machine has an estimated residual value of $40,000. The company expects

the machine to produce eight million units. The machine is used to make 700,000 units during the current period.If the units-of-production method is used, the depreciation expense for this period is:___________.A. $38,500.B. $700,000.
C. $660,000.D. $35,000.
Business
1 answer:
Alika [10]2 years ago
5 0

Answer:

Annual depreciation= $35,000

Explanation:

Giving the following information:

The Doodad Company purchases a machine for $440,000.

The machine has an estimated residual value of $40,000.

The company expects the machine to produce eight million units.

The machine is used to make 700,000 units during the current period.

To calculate the depreciation expense under the units-of production method, we need to use the following formula.

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Annual depreciation= [(440,000 - 40,000)/8,000,000]*700,000

Annual depreciation= 0.05*700,000

Annual depreciation= $35,000

You might be interested in
Laura is an investor and a limited partner in a limited partnership. Two years after she becomes a limited partner, Laura thinks
erik [133]

Answer

Option B. Laura is personally liable as the bank, in good faith, thought she is a general partner

Explanation:

Limited Partnership (LP)

This is Business entity that exists in line with state statutes that gives limited liability to some of its members who called limited partners.

RULPA

This is simply called Revised Uniform Limited Partnership Act. It is the model for Limited Partnership legislation in most states.

Limited Partner

This is a part or member of a limited partnership.it is that individual who is not involved in controlling the business and whose liability is limited to amount invested in the business.

General Partner

It is simply a member in a limited (or general) partnership who controls the business and has unlimited personal liability.

In the above scenario, Laura will be taken as a general partner and will be held personally accountable or liable for the loan, and also along with the general partners of the limited partnership.The rule of RULPA gives the right for a limited partner to be involved in the management of the partnership’s affairs and not losing the limited liability if the limited partner has been formally employed by the partnership to be an executive of the partnership.

8 0
3 years ago
A country produces only bananas and robots. If it produced only bananas with all its available resources, it could make 60 milli
Levart [38]

It should be noted that in the PPC, the downward sloping line 'ab' is the production possibility curve.

<h3>How to illustrate the information?</h3>

In the diagram, since point 'A' falls on the PPC itself, it represents the full employment of resources. Point 'A' represents the combination of 30 million bananas and 10 million robots.

Opportunity cost producing a robot = Total bananas possible / Total robots possible

Opportunity cost producing a robot =60/20

Opportunity cost producing a robot = 3 bananas

The area outside PPC represents the unattainable combinations of two goods.

During the recession, the resources are inefficiently used and the production combination is represented by point 'B' which falls below PPC When the production technology improves only for one good and not for the other, the PPC rotates

Marginal opportunity cost of a robot = 80 million bananas / 10 million robots

The marginal opportunity cost of a robot = 8 bananas

Opportunity cost of 2 million robots = 8 bananas × 2 million

The opportunity cost of 2 million robots will be 16 million bananas.

Learn more about PPC on:

brainly.com/question/2617319

#SPJ1

8 0
2 years ago
One way to make it easier to track your progress toward success is A. offer stock to the public. B. improve your product. C. to
jok3333 [9.3K]
The correct option is D.
To progress in life and to achieve one's desires one has to set short and long term achievable goals which will drive one toward one's desires.
The goals should be very specific and it must has a time frame, it must be an achievable goal whose achievement will drive you towards achieving a greater one.<span />
7 0
3 years ago
Read 2 more answers
Which of the following parties is typically the shortest and least expensive? A. A reunion B. A holiday party C. A cocktail part
marysya [2.9K]
The answer is the cocktail party. When you say cocktail party, it is a small party that has a little food or even just drinks. It is only for few hours maybe longest will be 4-6 hours to finish this kind of party. And since it does not include too much money, it is the least expensive.
7 0
3 years ago
The _______ of performance scores makes obtaining a significant validity coefficient more difficult with a concurrent validity d
LUCKY_DIMON [66]
What does the answers mean?
8 0
3 years ago
Other questions:
  • Sarah has been working at a designer clothing company for five years. She has developed an equitable partnership with her collea
    14·1 answer
  • Which company's advertisements were known for the quote "can you hear me now?
    15·1 answer
  • A plaintiff in a successful lawsuit was awarded a judgment of $4800 per month for 5 years. The plaintiff has the need of a fairl
    15·1 answer
  • An entrepreneur is a person who owes money to a bank or other financial institution
    9·1 answer
  • The Snow Hut has analyzed the carrying and shortage costs associated with its cash holdings and determined that the firm should
    9·1 answer
  • You have been provided with the following information: If sales decrease by 500 units, how much will fixed expenses have to be r
    8·1 answer
  • Children in poor neighborhoods often have bleak outlooks on life and see little gain from studying. In a recent experiment, chil
    14·1 answer
  • An organization's investors and shareholders, employees, customers, and suppliers are considered its ____________, in contrast t
    10·1 answer
  • The role of the financial manager is closely related to three main cash-related activities: Financing Investing Operating.
    11·1 answer
  • Christine hires a deck company to build a deck. The company initially does a terrible job and agrees to rebuild it. A court requ
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!