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STatiana [176]
3 years ago
10

A company purchased a weaving machine for $198,250. The machine has a useful life of 8 years and a residual value of $10,500. It

is estimated that the machine could produce 751,000 bolts of woven fabric over its useful life. In the first year, 105,500 bolts were produced. In the second year, production increased to 109,500 units. Using the units-of-production method, what is the amount of depreciation expense that should be recorded for the second year
Business
1 answer:
Crank3 years ago
4 0

Answer:

the depreciation expense that should be recorded for the second year is $27,375

Explanation:

The computation of the amount of depreciation expense that should be recorded for the second year is shown below

Depreciation rate is      

= ($198,250 - $10,500) ÷ 751000    

= 0.25 per bolt    

Now Depreciation expense for the second year  

= $109,500 × .25    

= $27,375

hence, the depreciation expense that should be recorded for the second year is $27,375

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Cultural universals (elements of a culture that exist in every society such as food, religion, language, etc.) exist because all cultures have basic needs and they all develop common features to ensure their needs are met. Ethnocentrism is seeing your culture as superior to others.
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3 years ago
Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2021. During that time, he earned
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Total FICA taxes = $17,181 ($13,764 + $3,219 + $198)

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Learn more about calculating FICA taxes at brainly.com/question/21750517

4 0
3 years ago
It costs firm A $800 to produce five radios and it costs firm B $500 to produce five batteries. If Firm A merges with firm B, it
Zigmanuir [339]

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Firm A merging with Firm B produced the 5 radios and batteries cheaper so the new company is experiencing Economies of Scope.

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