Answer:
= $ 41,940
Explanation:
Purchased machine for $178,000 cash on January 2
And readies it for use the next day at a $2,840 cost
On January 3, it is installed costing $1,160
Total Acquisition Cost = $ 181,640
Salvage value $14,000
Useful Life = 6 years
Depreciation Straight Line Method= Cost - Salvage Value/ Useful Life
Depreciation Straight Line Method= $ 181,640 -$14,000/6
= $ 167,640/6= $ 27,940
After 5 years its Value would be = $ 181,640 -$ 27,940*5
= $ 181,640 - 139,700
= $ 41,940
It must be disposed off to get a value at least equal to $ 41,940 which is its value .
Answer:
Married filing jointly
Explanation:
Since Sophia is a widow and did not remarry during 2020, she can still file as married filing jointly. She can do that for up to two years after her spouse (Aiden) died, as long as she doesn't remarry.
The standard deduction for married filing jointly is $24,800 for 2020, which is much higher than single filers or heads of household.
$180
if 1/6=30, then we have to figure out 6/6. 1x6=6 so multiply 30 times 6. 180
Direct labor is manufacture or services labor that is allocated to an exact product, cost focus, or work order.
To solve this, the equation would be: price variance / direct labor hours x standard rate of pay
So plugging in our data:
= 10,500 / 10,500 + 12
= 13
The actual rate is $13 per direct labor hour.